Document:

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                                                                    EXHIBIT 10.6
                                COMPANY AGREEMENT
                                       OF
                     BEHRINGER HARVARD NORTHPOINT I GP, LLC

        This Company Agreement, effective the _____ day of June, 2004, is
entered into by Behringer Harvard Mid-Term Value Enhancement Fund I LP, a Texas
limited partnership, as the member (the "Member"), pursuant to the Act on the
following terms and conditions.

1.      ORGANIZATION.

1.1     FORMATION. On June __, 2004, Articles of Organization were filed in the
office of the Secretary of State of Texas in accordance with and pursuant to the
Act.

1.2     NAME AND PLACE OF BUSINESS. The name of the Company shall be Behringer
Harvard Northpoint I GP, LLC, and its principal place of business shall be 1323
North Stemmons Freeway, Suite 211, Dallas, Texas 75207. The Member may change
such name, change such place of business or establish additional places of
business of the Company as the Member may determine to be necessary or
desirable.

1.3     BUSINESS AND PURPOSE OF THE COMPANY. The sole purpose of the Company is
to act as the general partner of Behringer Harvard Northpoint I LP, a Texas
limited partnership (the "Partnership").

1.4     TERM. The term of the Company shall be until December 31, 2090 unless
the Company is sooner dissolved as provided in this Agreement.

1.5     REQUIRED FILINGS. The Member, or its authorized representative, shall
execute, acknowledge, file, record and/or publish such certificates and
documents, as may be required by this Agreement or by law in connection with the
formation and operation of the Company.

1.6     REGISTERED OFFICE AND REGISTERED AGENT. The Company's initial registered
office and initial registered agent shall be as provided in the Articles of
Organization. The registered office and registered agent may be changed from
time to time by the Member by filing the address of the new registered office
and/or the name of the new registered agent pursuant to the Act.

1.7     NO STATE-LAW PARTNERSHIP. The Member intends that the Company not be a
partnership (including a limited partnership) or joint venture, and that no
Member be a partner or joint

2.      DEFINITIONS. Definitions for this Agreement are set forth on Exhibit A
and are incorporated herein.

3.      CAPITALIZATION AND FINANCING. The Member shall make an initial capital
contribution of $__________________. The Member may, but shall have no
obligation to, make additional capital contributions.

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4.      ALLOCATION OF NET INCOME AND NET LOSS. For each fiscal year, the Net
Income and Net Loss of the Company shall be allocated to the Member.

5.      DISTRIBUTIONS. Distributable Cash from Operations with respect to each
calendar year shall be distributed to the Member.

6.      COMPANY EXPENSES. The Company shall pay directly, or reimburse the
Member, as the case may be, for all of the costs and expenses of the Company's
operations.

7.      AUTHORITY, AND RESPONSIBILITIES OF THE MEMBER.

        7.1     MANAGEMENT. The business and affairs of the Company shall be
managed by its Member. The Member shall have full and complete authority, power
and discretion to manage and control the business, affairs and properties of the
Company, to make all decisions regarding those matters and to perform any and
all other acts or activities customary or incident to the management of the
Company's business.

        7.2     MEMBER AUTHORITY. The Member shall have all authority, rights
and powers conferred by law and those required or appropriate to the management
of the Company's business, which, by way of illustration but not by way of
limitation, shall include the right, authority and power to cause the Company
to:

                7.2.1   Take all actions as the sole member of the Company;

                7.2.2   Take all actions on behalf of the Company as the general
partner of the Partnership and enter into such contracts and agreements on
behalf of the Company, as the general partner of the Partnership, as the Member
determines to be reasonably necessary or appropriate;

                7.2.3   Acquire, hold, develop, lease, rent, operate, sell,
exchange, subdivide and otherwise dispose of Property;

                7.2.4   Borrow money, and, if security is required therefor, to
pledge or mortgage or subject Property to any security device, to obtain
replacements of any mortgage or other security device and to prepay, in whole or
in part, refinance, increase, modify, consolidate, or extend any mortgage or
other security device. All of the foregoing shall be on such terms and in such
amounts as the Member, in its sole discretion, deems to be in the best interest
of the Company;

                7.2.5   Enter into such contracts and agreements as the Member
determines to be reasonably necessary or appropriate in connection with the
Company's business and purpose (including contracts with Affiliates of the
Member), and any contract of insurance that the Member deems necessary or
appropriate for the protection of the Company and the Member, including errors
and omissions insurance, for the conservation of Company assets, or for any
purpose convenient or beneficial to the Company;

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                7.2.6   Employ persons, who may be Affiliates of the Member, in
the operation and management of the business of the Company;

                7.2.7   Prepare or cause to be prepared reports, statements, and
other relevant information for distribution to the Member.

                7.2.8   Open accounts and deposits and maintain funds in the
name of the Company in banks, savings and loan associations, "money market"
mutual funds and other instruments as the Member may deem in its discretion to
be necessary or desirable;

                7.2.9   Cause the Company to make or revoke any of the elections
referred to in the Code;

                7.2.10  Select as its accounting year a calendar or fiscal year
as may be approved by the Internal Revenue Service;

                7.2.11  Determine the appropriate accounting method or methods
to be used by the Company;

                7.2.12  Require in any Company contract that the Member shall
not have any personal liability, but that the person or entity contracting with
the Company is to look solely to the Company and its assets for satisfaction;

                7.2.13  Lease personal property for use by the Company;

                7.2.14  Establish reserves from income in such amounts as the
Member may deem appropriate;

                7.2.15  Make secured or unsecured loans to the Company and
receive interest at the rates set forth herein;

                7.2.16  Represent the Company as the "tax matters partner;"

                7.2.17  Initiate legal actions, settle legal actions and defend
legal actions on behalf of the Company;

                7.2.18  Admit itself as a Member;

                7.2.19  Perform any and all other acts which the Member is
obligated to perform hereunder; and

                7.2.20  Execute, acknowledge and deliver any and all instruments
to effectuate the foregoing and take all such actions in connection therewith as
the Member may deem necessary or appropriate. Any and all documents or
instruments may be executed on behalf and in the name of the Company by the
Member.

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        7.3     TAX MATTERS MEMBER. The Member is hereby appointed to act as the
"tax matters partner."

        7.4     INDEMNIFICATION OF MEMBER. The Member, its shareholders,
Affiliates, officers, directors, partners, employees, agents and assigns, shall
not be liable for, and shall be indemnified and held harmless (to the extent of
the Company's assets) from, any loss or damage incurred by them, the Company or
the Member in connection with the business of the Company, including costs and
reasonable attorneys' fees and any amounts expended in the settlement of any
claims of loss or damage resulting from any act or omission performed or
omitted.

        7.5     NO PERSONAL LIABILITY FOR RETURN OF CAPITAL. The Member shall
not be personally liable or responsible for the return or repayment of all or
any portion of the Capital Contribution of any Member or any loan made to the
Company, it being expressly understood that any such return of capital or
repayment of any loan shall be made solely from the assets (which shall not
include any right of contribution from any Member) of the Company.

        7.6     AUTHORITY AS TO THIRD PERSONS.

                7.6.1   No third party dealing with the Company shall be
required to investigate the authority of the Member. No purchaser of any
property or interest owned by the Company shall be required to determine the
right to sell or the authority of the Member to sign and deliver any instrument
of transfer on behalf of the Company, or to see to the application or
distribution of revenues or proceeds paid or credited in connection therewith.

                7.6.2   The Member shall have full authority to execute on
behalf of the Company any and all agreements, contracts, conveyances, deeds,
mortgages and other instruments, and the execution thereof by the Member
executing on behalf of the Company shall be the only execution necessary to bind
the Company thereto.

        7.7     OFFICERS OF THE COMPANY. The Member may appoint officers at any
time. The officers of the Company, if deemed necessary by the Member, may
include a president, vice president, secretary, and treasurer. The officers
shall serve at the pleasure of the Member. Any individual may hold any number of
offices. The Member's officers may serve as officers of the Company if elected
by the Member. The officers shall exercise such powers and perform such duties
as specified in this Agreement and as shall be determined from time to time by
the Member.

                7.7.1   REMOVAL, RESIGNATION AND FILLING OF VACANCY OF OFFICERS.
Subject to the rights, if any, of an officer under a contract of employment, any
officer may be removed, either with or without cause, by the Member at any time.
Any officer may resign at any time by giving written notice to the Member. Any
resignation shall take effect at the date of the receipt of that notice or at
any later time specified in that notice; and, unless otherwise specified in that
notice, the acceptance of the resignation shall not be necessary to make it
effective. Any resignation is without prejudice to the rights, if any, of the
Company under any contract to which the officer is a party. A vacancy in any
office because of death, resignation, removal, disqualification or any

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other cause shall be filled in the manner prescribed in this Agreement for
regular appointments to that office.

                7.7.2   SALARIES OF OFFICERS. The salaries of all officers and
agents of the Company, if any, shall be fixed by the Member.

                7.7.3   DUTIES AND POWERS OF THE PRESIDENT. The president shall
be the chief executive officer of the Company, and shall, subject to the control
of the Member, have general and active management of the business of the Company
and shall see that all orders and resolutions of the Member are carried into
effect. He or she shall have the general powers and duties of management usually
vested in the office of president of a corporation, and shall have such other
powers and duties as may be prescribed by the Member or this Agreement. The
president shall have full power and authority to sign and execute all agreements
or contracts for the Company. The Member hereby appoints
__________________________________as the President of the Company.

                7.7.4   DUTIES AND POWERS OF VICE-PRESIDENT. The vice-president,
or if there shall be more than one, the vice-presidents in the order determined
by a resolution of the Member, shall, in the absence or disability of the
president, perform the duties and exercise the powers of the president and shall
perform such other duties and have such other powers as the Member by resolution
may from time to time prescribe. The Member hereby appoints ___________ as Vice
President of the Company.

                7.7.5   DUTIES AND POWERS OF SECRETARY. The secretary shall
attend all meetings of the Member, and shall record all the proceedings of the
meetings in a book to be kept for that purpose, and shall perform like duties
for the standing committees when required. The secretary shall give, or cause to
be given, notice of all meetings of the Member and shall perform such other
duties as may be prescribed by the Member. The secretary shall have custody of
the seal, if any, and the secretary shall have authority to affix the same to
any instrument requiring it, and when so affixed, it may be attested by his or
her signature. The Member may give general authority to any other officer to
affix the seal of the Company, if any, and to attest the affixing by his or her
signature. The secretary shall keep, or cause to be kept, at the principal
executive office or at the office of the Company's transfer agent or registrar,
as determined by resolution of the Member, a register, or a duplicate register,
showing the name of the Member and its address. The secretary shall also keep
all documents described in this Agreement and such other documents as may be
required under the Act. The secretary shall perform such other duties and have
such other authority as may be prescribed elsewhere in this Agreement or from
time to time by the Member. The secretary shall have the general duties, powers
and responsibilities of a secretary of a corporation. The Member hereby appoints
______________ as Secretary of the Company.

                7.7.6   DUTIES AND POWERS OF TREASURER. The treasurer shall keep
and maintain, or cause to be kept and maintained, the books and records of the
Company. The books of account shall at all reasonable times be open to
inspection by the Member. The treasurer shall have the custody of the funds and
securities of the Company, and shall keep full and accurate accounts of receipts
and disbursements in books belonging to the Company, and shall deposit all
moneys and

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other valuable effects in the name and to the credit of the Company in such
depositories as may be designated by the Member. The treasurer shall disburse
the funds of the Company as may be ordered by the Member, taking proper vouchers
for such disbursements, and shall render to the president and the Member, at
their regular meetings, or when the Member so requires, at a meeting of the
Member an account of all his or her transactions as treasurer and of the
financial condition of the Company. The treasurer shall perform such other
duties and shall have such other responsibility and authority as may be
prescribed elsewhere in this Agreement or from time to time by the Member. The
treasurer shall have the general duties, powers and responsibility of a
corporation, and shall be the chief financial and accounting officer of the
Company. The Member hereby appoints _______________ as Treasurer of the Company.

        8.      ASSIGNMENT OF THE MEMBER'S INTEREST. The Member may not sell,
assign, hypothecate, encumber or otherwise transfer all or any part of its
interest in the Company except as in connection with the Member's transfer or
sale of its undivided interest in the Project pursuant to the Tenants in Common
Agreement or any deed of trust recorded against the Project.

        9.      RECORDS, AUDITS AND REPORTS. The Company shall maintain at its
principal office the Company's records and accounts of all operations and
expenditures of the Company including the following:

        9.1     A current list of the full name and last known business or
resident address of the Member, together with the Capital Contribution and the
share in profits and losses of the Member;

        9.2     A copy of the Articles of Organization and all amendments
thereto, together with any powers of attorney pursuant to which the Articles of
Organization or any amendments thereto were executed;

        9.3     Copies of the Company's Federal, state, and local income tax or
information returns and reports, if any, for the six most recent taxable years;

        9.4     Copies of this Agreement and any amendments thereto together
with any powers of attorney pursuant to which any written accounting or any
amendments thereto were executed;

        9.5     Copies of any financial statements of the Company, if any, for
the six most recent years; and

        9.6     The Company's books and records as they relate to the internal
affairs of the Company for at least the current and past four fiscal years.

        10.     TERMINATION AND DISSOLUTION OF THE COMPANY.

        10.1    TERMINATION OF COMPANY. The Company shall be dissolved, shall
terminate and its assets shall be disposed of, and its affairs wound up upon the
earliest to occur of the following:

                10.1.1  A determination by the Member to terminate the Company;
or

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                10.1.2  The expiration of the term of the Company.

        10.2    ARTICLES OF DISSOLUTION. As soon as possible following the
occurrence of any of the events specified in Section 10.1, the Member shall
execute Articles of Dissolution in such form as shall be prescribed by the Texas
Secretary of State.

        10.3    LIQUIDATION OF ASSETS. Upon a dissolution and termination of the
Company, the Member shall take full account of the Company assets and
liabilities, shall liquidate the assets as promptly as is consistent with
obtaining the fair market value thereof, and shall apply and distribute the
proceeds therefrom in the following order:

                10.3.1  To the payment of creditors of the Company, including
the Member, but excluding secured creditors whose obligations will be assumed or
otherwise transferred on the liquidation of Company assets;

                10.3.2  To the setting up of any reserves as required by law for
any contingent liabilities or obligations of the Company; provided, however,
that said reserves shall be deposited with a bank or trust company in escrow at
interest for the purpose of disbursing such reserves for the payment of any of
the aforementioned contingencies and, at the expiration of a reasonable period,
for the purpose of distributing the balance remaining in accordance with
remaining provisions of this Section 10.4; and

                10.3.3  Any remaining amount to the Member.

        11.     RELATIONSHIP OF THIS AGREEMENT TO THE ACT. Many of the terms of
this Agreement are intended to alter or extend provisions of the Act as they may
apply to the Company or the Member. Any failure of this Agreement to mention or
specify the relationship of such terms to provisions of the Act that may affect
the scope or application of such terms shall not be construed to mean that any
of such terms is not intended to be an operating agreement provision authorized
or permitted by the Act or which in whole or in part alters, extends or
supplants provisions of the Act as may be allowed thereby.

        12.     MISCELLANEOUS.

        12.1    COUNTERPARTS. This Agreement may be executed in several
counterparts, and all so executed shall constitute one Agreement, binding on all
of the parties hereto, notwithstanding that all of the parties are not signatory
to the original or the same counterpart.

        12.2    SUCCESSORS AND ASSIGNS. The terms and provisions of this
Agreement shall be binding upon and shall inure to the benefit of the successors
and assigns of the Member.

        12.3    SEVERABILITY. In the event any sentence or section of this
Agreement is declared by a court of competent jurisdiction to be void, such
sentence or section shall be deemed severed from the remainder of this Agreement
and the balance of this Agreement shall remain in full force and effect.

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        12.4    NOTICES. All notices under this Agreement shall be in writing
and shall be given to the Member by personal service or by mail, posted to the
address maintained by the Company for such person or at such other address as he
may specify in writing.

        12.5    MEMBER'S ADDRESS. The name and address of the Member is as
follows:

                Behringer Harvard Mid-Term Value Enhancement Fund I LP
                1323 North Stemmons Freeway, Suite 211
                Dallas, Texas 75207

        12.6    GOVERNING LAW. This Agreement shall be governed by and construed
in accordance with the laws of the State of Texas.

        12.7    CAPTIONS. Section titles or captions contained in this Agreement
are inserted only as a matter of convenience and reference. Such titles and
captions in no way define, limit, extend or describe the scope of this Agreement
nor the intent of any provisions hereof.

        12.8    GENDER. Whenever required by the context hereof, the singular
shall include the plural, and vice versa, the masculine gender shall include the
feminine and neuter genders, and vice versa.

        12.9    DESCRIPTIONS. All descriptions referred to in this Agreement are
expressly incorporated herein by reference as if set forth in full, whether or
not attached hereto.

        12.10   VENUE. Any action relating to or arising out of this Agreement
shall be brought only in a court of competent jurisdiction located in Dallas,
Texas.

        12.11   INTEGRATED AND BINDING AGREEMENT. This Agreement contains the
entire understanding and agreement of the Member.

        IN WITNESS WHEREOF, the undersigned have set their hands to this
Agreement as of the date first set forth in the preamble.

                                      MEMBER:

                                      Behringer Harvard Mid-Term Value
                                      Enhancement Fund I LP, a Texas limited
                                      partnership

                                      By: ____________________________________
                                          Name:
                                          Title:

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                                                                    EXHIBIT 10.7

                        AGREEMENT OF LIMITED PARTNERSHIP
                                       OF
                        BEHRINGER HARVARD NORTHPOINT I LP

        This Agreement of Limited Partnership ("Agreement") is effective as of
______________, 2004 by and between Behringer Harvard Northpoint I GP, LLC, a
Texas limited liability company as the general partner (the "General Partner"),
and Behringer Harvard Mid-TermValue Enhancement Fund I LP, a Texas limited
partnership, as the limited partner (the "Limited Partner"), for the purpose of
forming a limited partnership (the "Partnership") in accordance with the
provisions of the Texas Revised Limited Partnership Act (the "Act").

1.      FORMATION AND FILINGS

        1.1     CERTIFICATE OF FORMATION. The parties hereto form a limited
partnership pursuant to the Act. The General Partner shall complete, execute and
file a Certificate of Formation pursuant to the Act.

        1.2     OTHER FILINGS. The General Partner shall prepare, execute,
acknowledge, verify, file, record and publish all certificates, statements and
documents (and amendments thereto) required by applicable law or necessary to
protect the Partnership or to preserve the limited liability of the Limited
Partner.

2.      NAME, OFFICE, AGENT FOR SERVICE OF PROCESS AND PURPOSE.

        2.1     NAME OF THE PARTNERSHIP. The name of the Partnership shall be
"Behringer Harvard Northpoint I LP."

        2.2     PRINCIPAL EXECUTIVE OFFICE. The street address of the
Partnership's principal executive office where the books and records are kept is
1323 North Stemmons Freeway, Suite 211, Dallas, Texas 75207

        2.3     AGENT FOR SERVICE OF PROCESS. The name and address for agent for
service of process on the Partnership is as set forth in the Certificate of
Formation.

        2.4     PURPOSE. The purpose of the Partnership is to acquire, own and
hold that certain real property located in Dallas, Texas commonly known as the
Northpoint I Office Building (the "Project") and lease, operate, manage,
maintain, develop and improve the Project.

        2.5     TERM. The Partnership shall commence on the effective date of
this Agreement and shall continue until December 31, 2090, unless earlier
terminated pursuant to the terms of this Agreement.

3.      CAPITAL CONTRIBUTIONS AND FINANCING.

        3.1     CONTRIBUTION BY THE GENERAL PARTNER. The General Partner shall
contribute to the capital of the Partnership cash in the amount of 0.1% of the
net purchase price (after closing

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prorations and adjustments) plus closing and other costs associated with the
purchase of the Project by the Partnership.

        3.2     CONTRIBUTION BY THE LIMITED PARTNER. The Limited Partner shall
contribute to the capital of the Partnership cash in the amount of 99.9% of the
net purchase price (after closing prorations and adjustments) plus closing and
other costs associated with the purchase of the Project by the Partnership.

        3.3     ADDITIONAL CAPITAL CONTRIBUTIONS BY THE PARTNER. The Partners
shall make additional contributions to the capital of the Partnership at such
times and in such amounts as agreed to by the Partners. Except as expressly set
forth herein, the Partners shall not be required to make any additional capital
contributions and no capital contribution of any Partner shall bear interest or
otherwise entitle the contributing Partner to a preferred return or compensation
for the use of the contributed capital.

4.      MANAGEMENT.

        4.1     AUTHORITY OF GENERAL PARTNER. The General Partner shall be the
manager of the activities of the Partnership and shall have all power and
authority as a general partner is able to have under the Act.

        4.2     NO MANAGEMENT BY LIMITED PARTNER. The Limited Partner shall not
participate in the management or operations of, or have any control over, the
Partnership's business, nor shall the Limited Partner have the power to
represent, act for, sign for or bind the General Partner or the Partnership.

        4.3     REIMBURSEMENT. The General Partner shall receive no compensation
for its service hereunder, but shall be reimbursed for any costs, expenses, fees
or other disbursements paid or incurred by it for or on behalf of the
Partnership.

5.      DISTRIBUTIONS AND TAX ALLOCATIONS.

        5.1     DISTRIBUTIONS. After all creditors have been paid in full, any
cash available for distribution to the Partners shall be distributed to the
Partners as follows:

                5.1.1   Distributions of cash derived from the Partnership shall
be distributed ninety-nine and nine tenths percent (99.9%) to the Limited
Partner and one tenth of one percent (0.1%) to the General Partner.

        5.2     TAX ALLOCATIONS. For each taxable year of the Partnership (and
for each portion of each taxable year treated separately under Internal Revenue
Code ss. 706):

                5.2.1   Taxable income of and taxable loss of the Partnership
shall be allocated ninety-nine and nine tenths percent (99.9%) to the Limited
Partner and one tenth of one percent (0.1%) to the General Partner.

                5.2.2   Before any allocation under Section 5.2.1 (i) items of
Partnership income and gain (including gross income), deduction, and loss shall
be allocated in compliance with the

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"minimum gain chargeback" and then the "qualified income offset" provisions of
the regulations under Internal Revenue Code 704(b), and (ii) subject to the
prior application of clause (i) for any taxable year or period, then to offset
as quickly as possible any allocation pursuant to clause (i).

                5.2.3   "Taxable income" and "taxable loss" shall mean the
taxable income or taxable loss of the Partnership as determined for federal
income tax purposes under Internal Revenue Code ss. 702(a)(8), modified by (i)
including in the calculation thereof all items required to be separately stated
under Internal Revenue Code ss. 702(a)(1)-(7) or otherwise required to be
separately stated (including without limitation income exempt from tax and items
treated as nondeductible expenditures not properly chargeable to capital
account), and (ii) excluding, notwithstanding clause i) of this sentence, any
item of income, gain, deduction, loss or credit specially allocated under this
Agreement other than as part of a special allocation of taxable-income or
taxable loss generally. In the event that property of the Partnership properly
is reflected on its books in accordance with Treasury Regulations Section
1.704-1(b) at a value other than adjusted tax basis of such property for federal
income tax purposes, then (i) "book" income, gain, deduction and loss with
respect to such property, as determined in accordance with such Regulations,
shall be allocated in the manner taxable income and taxable loss are allocated
under this Agreement, and (ii) taxable income and taxable loss shall be
allocated in the manner required by Section 704(c) of the Internal Revenue Code
or the principles thereof as set forth in applicable Treasury Regulations.

6.      STATUS OF LIMITED PARTNER.

        6.1     NO PERSONAL LIABILITY. The Limited Partner shall not have any
personal liability whatever, whether to the Partnership, to any of the Partners
or to the creditors of the Partnership, for the debts of the Partnership or any
of its losses beyond the amount agreed to be contributed by it to the capital of
the Partnership as set forth in Section 3.2 except to the extent required by the
Act. The Limited Partner shall not be obligate to restore any deficit in its
capital account upon the liquidation of the Partnership or its Partnership
Interest.

        6.2     BANKRUPTCY OR DEATH OF LIMITED PARTNER. The dissolution,
bankruptcy, mental incompetency or legal disability of the Limited Partner shall
not cause a dissolution of the Partnership, but the rights of the Limited
Partnership to share in the profits and losses of the Partnership, and to
receive distributions of Partnership funds shall, on the happening of such an
event, devolve upon the Limited Partner's legal representatives or successors in
interest, as the case may be, subject to the terms and conditions of this
Agreement and the Partnership shall continue as a limited partnership. The
Limited Partner's estate or other successor in interest shall be liable for all
the obligations of the Limited Partner.

7.      INDEMNIFICATION. To the fullest extent permitted by law, the General
Partner, its Affiliates, their respective officers, managers, directors,
partners, employees, members and agents or any person performing a similar
function (individually, an "Indemnitee") shall be indemnified and held harmless
by the Partnership from and against any and all losses, claims, damages,
judgments, liabilities, obligations, penalties, settlements and reasonable
expenses (including legal fees) arising from any and all claims, demands,
actions, suits or proceedings, civil, criminal, administrative or investigative,
in which the Indemnitee may be involved, or threatened to be involved, as a
party or otherwise, but reason of its status as (i) the General

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Partner or an Affiliate therefore, or (ii) an officer, manager, director,
employee, member or agent of the General Partner or an Affiliate thereof,
regardless of whether the Indemnitee continues to be the General Partner or an
Affiliate or an officer, manager, director, employee, member or agent of the
General Partner or an Affiliate thereof at the time any such liability or
expense is paid or incurred, unless the act or failure to act giving rise to
indemnity hereunder constituted fraud or willful misconduct.

8.      BOOKS. RECORDS AND REPORTS.

        8.1     IN GENERAL. The General Partner shall be responsible for
maintaining or causing to be maintained the books and records of the Partnership
and making reports to partners in accordance with generally accepted accounting
principles, prudent business practice and the Act.

        8.2     TAX ACCOUNTING. Capital accounts shall be maintained for each
Partner in accordance with regulations under Section 704(b) of the Internal
Revenue Code, and taxable income and taxable loss shall be determined in
accordance with such regulations.

9.      OUTSIDE INTERESTS. Any Partner, and any affiliate thereof, may engage or
possess an interest in any other business venture of any nature and description,
whether such ventures are competitive with the partnership or otherwise,
independently or with others, including, but not limited to, the acquisition,
ownership, syndication, financing, leasing, management, brokerage, operation,
maintenance, construction and development of properties similar to the Property
or Project, which may be located in the same market area or vicinity of the
Property or Project. No Partner shall have any interest in any other such
business by reason of an interest of the Partnership.

10.     TRANSFER OF PARTNER'S INTEREST.

        10.1    GENERAL PARTNER. The General Partner may not sell, exchange,
assign, convey, pledge, encumber, hypothecate or otherwise transfer all or any
portion of its interest in the Partnership without the consent of the Limited
Partner.

        10.2    LIMITED PARTNER. The Limited Partner may not sell, exchange,
assign, convey, pledge, encumber, hypothecate or otherwise transfer all or any
portion of its interest in the Partnership except with the approval of the
General Partner and in accordance with any deed of trust encumbering the
Project.

        10.3    WITHDRAWAL. Except as otherwise provided in this Agreement or as
agreed to by the General Partner, neither the General Partner nor the Limited
Partner may withdraw from the Partnership.

11.     DISSOLUTION.

        11.1    TERMINATION. The Partnership will dissolve upon the earliest to
occur of the following:

                11.1.1  The expiration of the Partnership's term, unless the
Partners agree to extend the term of the Partnership past the date set forth in
Section 25;

                                       4
<PAGE>

                11.1.2  The sale of all of the Partnership's assets

                11.1.3  The written consent of all of the Partners;

                11.1.4  Subject to Section 11.2, the death, incompetency,
bankruptcy, insolvency, withdrawal or removal from the Partnership of the
General Partner; or

                11.1.5  Entry of a decree of judicial dissolution.

        11.2    CONTINUATION OF PARTNERSHIP. Upon the occurrence of any event
set forth in Section 11.1.4 with respect to the General Partner, the business of
the Partnership shall be continued pursuant to the provisions of this Agreement
if, within a period of ninety (90) days from the date of such occurrence, the
Limited Partner shall elect in writing that it be so continued and shall
designate one or more parties to be admitted to the Partnership as a General
Partner. Any such party shall, upon admission to the Partnership, succeed to all
of the rights and powers of a General Partner hereunder, provided, that the last
remaining General Partner shall retain and be entitled to its share of profits,
losses, distributions, and capital associated with the General Partner's
Partnership interest.

        11.3    LIQUIDATION OF ASSETS. Upon a dissolution of the Partnership for
any reason and, if required and within the period prescribed after any
"liquidation" of the Partnership under regulations pursuant to Section 704(b) of
the Internal Revenue Code, the General Partner shall take full account of the
Partnership assets and liabilities, shall liquidate the assets as promptly as is
consistent with obtaining the fair market value thereof, and shall apply and
distribute the proceeds therefrom in the following order:

                11.3.1  To the payment of creditors of the Partnership,
including Partners who are creditors to the extent permitted by law, but
excluding secured creditors whose obligations will be assumed or otherwise
transferred on the liquidation of Partnership assets; and

                11.3.2  To the Partners in accordance with the positive balances
in their capital accounts, as determined after taking into account all
adjustments for the Partnership taxable year during which such liquidation
occurs.

        11.4    LIQUIDATION. Notwithstanding the foregoing, in the case of a
"liquidation" of the Partnership arising solely by reason of the application of
Section 708(b)(1)(B) of the Internal Revenue Code upon the sale or exchange of
an interest in Partnership capital or profits, no actual distribution of
Property shall be required. However, capital accounts of the Partners shall be
adjusted and the provisions of this Agreement applied as though the Property of
the Partnership had been distributed in liquidation in accordance with this
Agreement and recontributed by the Partners; and the Partnership shall continue
thereafter for the remaining balance of the original term of the Partnership in
accordance with the provisions of this Agreement.

        11.5    TERMINATION. Upon completion of the liquidation of the
Partnership and the distribution of all Partnership funds, the Partnership shall
terminate and the General Partner shall (and is hereby given the power and
authority to) execute, acknowledge, swear to and record all documents required
to effectuate the dissolution and termination of the Partnership.

                                       5
<PAGE>

        11.6    DEFICIT CAPITAL ACCOUNTS. No Partner shall be required to
restore any deficit in its Capital Account.

12.     MISCELLANEOUS.

        12.1    SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon
and, to the extent provided in this Agreement, shall be for the benefit of the
successors and assigns of the respective Partners.

        12.2    ENTIRE AGREEMENT. This Agreement contains the entire agreement
between the Partners with respect to the transactions contemplated herein and
supersedes all prior or contemporaneous written or oral agreements to the
contrary.

        12.3    SEVERABILITY. In the event any provision of this Agreement is
declared by a court of competent jurisdiction to be void, voidable or
unenforceable, such provision shall be deemed severed from the remainder of this
Agreement and the balance of this Agreement shall remain in full force and
effect.

        12.4    NOTICES. All notices under this Agreement shall be in writing
and shall be given to the Partner entitled thereto, by personal delivery or by
United States mail, posted to the address for such person specified in this
Agreement or at such other address as such person may specify by notice given in
accordance with this provision. Notice shall be effective upon receipt in the
case of personal delivery or upon deposit in any official United States mail
depository in the case of notice by mail properly given in accordance with this
provision.

        12.5    GOVERNING LAW. This Agreement shall be governed by and construed
in accordance with the local laws of the State of Texas.

        12.6    CAPTIONS. Paragraph titles or captions contained in this
Agreement in no way define, limit, extend or describe the scope of this
Agreement or the intent of any provisions hereof.

        12.7    GENDER, NUMBER AND PERSON. Whenever required by the context
hereof, each gender and number shall include each other gender and number; and
the word "person" shall include an individual, trust, estate, corporation,
partnership, joint venture, firm or other form of entity, organization or
association.

        12.8    CONSENTS AND WAIVERS. No consent or waiver, express or implied,
by any Partner required or permitted by this Agreement, or to or of any breach
or default by another Partner in the performance by such other Partner of its
obligations hereunder, shall be deemed or construed to be valid unless in
writing, or to be a consent or waiver to or of any other breach or default in
the performance of such other party of the same or any other obligations of such
Partner hereunder. Failure on the part of any Partner to complain of any act of
any of the other Partners or to declare any of the other Partners in default,
irrespective of how long such failure continues, shall not constitute a waiver
by such Partner of its rights hereunder.

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<PAGE>

        12.9    ATTORNEYS' FEES. In the event of any litigation, arbitration, or
other action to enforce or interpret this Agreement, the prevailing party (as
determined by the tribunal) shall be entitled to recovery such party's
reasonable attorneys' fees and costs.

        IN WITNESS WHEREOF, the undersigned have executed this Agreement of
Limited Partnership effective as of the date first above written.

                                GENERAL PARTNER:

                                Behringer Harvard Northpoint I GP, LLC, a Texas
                                limited liability company

                                By: ____________________________________
                                    Name:
                                    Title:

                                Address of the General Partner:

                                1323 North Stemmons Freeway, Suite 211
                                Dallas, Texas 75207

                                LIMITED PARTNER:

                                Behringer Harvard Mid-Term Value Enhancement
                                Fund I LP, a Texas limited partnership

                                By: ____________________________________
                                    Name:
                                    Title:

                                Address of Limited Partner:

                                1323 North Stemmons Freeway, Suite 211
                                Dallas, Texas 75207

                                       7

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