Document:

Exhibit H
                              AMENDED AND RESTATED

                        AGREEMENT OF LIMITED PARTNERSHIP

                                       OF

                             BENCHMARK PARTNERS L.P.

THIS AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP of Benchmark Partners
L.P. (the  "Partnership"),  dated as of July 1, 1998,  by and between  Benchmark
Capital Advisors,  a division of The Benchmark Company,  Inc.,  Lorraine DiPaolo
and Richard Whitman,  as the general  partners (the "General  Partners") and the
persons  and  entities,  referred to in Schedule A on file at the offices of the
Partnership,   who  have   executed,   either   directly  or  indirectly  by  an
attorney-in-fact, as limited partners (the "Limited Partners").

PREMISES:

A. The Partnership was organized in accordance with the Delaware Revised Uniform
Limited  Partnership Act by the filing by the General  Partners of a Certificate
of Limited Partnership with the office of the Secretary of State of the State of
Delaware on March 13, 1989.

B. Prior to July 1, 1998,  the  agreement  relating to the  Partnership  was set
forth in the Agreement of Limited  Partnership of Benchmark Partners L.P., dated
as of March 13,  1989 (the "March 13, 1989  Agreement")  and amended  January 3,
1994 and June 1, 1996.

C. The General Partners, pursuant to the authority granted to them under Section
26 of the March 13, 1989 Agreement, desire to amend the March 13, 1989 Agreement
and to restate the same.

NOW,  THEREFORE,  in  consideration  of the  premises  and the mutual  covenants
hereinafter  contained,  effective  as of July 1, 1998,  it is hereby  agreed as
follows:

1.  Definitions.

The  following  terms  shall  have  the  following  meaning  when  used  in this
Agreement:

(a) "Act" shall mean the Delaware  Revised Uniform Limited  Partnership Act, Del
Code tit. 6, Section 17-101, et seq., as amended from time to time.

(b)  "Affiliate"  shall mean any  person  performing  services  on behalf of the
Partnership  who (i) directly or indirectly  controls,  is controlled  by, or is
under  common  control  with a General  Partner;  (ii) is any company of which a
GeneralPartner is an officer,  director,  partner or trustee;  (iii) a member of
the family of a General  Partner;  or (iv) an Individual  Retirement  Account or
similar  trust  for  the  benefit  of one or  more  General  Partners  or  their
Affiliates.

(c) "Agreement" shall mean this Agreement of Limited Partnership,  as originally
executed and as amended, modified, supplemented or restated from time to time.

(d)  "Capital  Account"  shall mean the account  described  in Section 8 of this
Agreement.

(e)  "Certificate"   shall  mean  the   Partnership's   Certificate  of  Limited
Partnership as defined in Section 2 of this Agreement.

(f) "Code" shall mean the Internal Revenue Code of 1986, or successor  provision
of law, and the regulations issued thereunder.

(g)  "Fiscal  Period"  shall mean the period  beginning  on the day  immediately
succeeding the last day of the immediately preceding Fiscal Period and ending on
the earliest occurring of the following:

              (i) The last day of the Fiscal Year;

              (ii) The day immediately preceding the day on which a new Partner
is admitted to the Partnership;

              (iii) The day  immediately  preceding  the date on which a Partner
makes an additional Capital Contribution to the Partner's Capital Account;

              (iv) The day on which a Partner withdraws, in whole or in part,
 the amount of his or its Capital Account;

              (v) The date of dissolution of the Partnership in accordance with
Section 5 of this Agreement.

(h) "Fiscal Quarter" shall mean a fiscal quarter of the Partnership.

(i) "Fiscal Year" shall mean the fiscal year of the Partnership,  which shall be
the calendar year.

(j) "General  Partner  Percentage"  shall mean a percentage  established  by the
General Partners for each General Partner on the  Partnership's  books as of the
first day of each Fiscal Period. The sum of the General Partner  Percentages for
each Fiscal Period shall equal one hundred percent (100%).

(k) "Managing General Partner" shall mean Benchmark Capital Advisors, a division
of The Benchmark Company, Inc.

(l) "Net  Profit" of the  Partnership  shall  mean,  with  respect to any Fiscal
Period,  the excess of the  aggregate  revenue,  income and gains  (realized and
unrealized)  earned  on an  accrual  basis  during  the  Fiscal  Period  by  the
Partnership  from all  sources  over  the  expenses  and  losses  (realized  and
unrealized)  incurred  on an  accrual  basis  during  the  Fiscal  Period by the
Partnership.

(m) "Net Loss" of the Partnership shall mean, with respect to any Fiscal Period,
the excess of all expenses and losses  (realized and unrealized)  incurred on an
accrual  basis during the Fiscal  Period by the  Partnership  over the aggregate
revenue,  income and gains (realized and unrealized) earned on the accrual basis
during the Fiscal period by the Partnership from all sources.

(n)  "Partnership  Percentage"  shall  mean a  percentage  established  for each
partner on the  Partnership's  books as of the first day of each Fiscal  Period.
The Partnership  Percentage of a Partner for a Fiscal Period shall be determined
by dividing the amount of the Partner's  Capital  Account as of the beginning of
the Fiscal  Period by the sum of the Capital  Accounts of all of the Partners as
of the beginning of the Fiscal Period. The sum of the Partnership Percentage for
each Fiscal Period shall equal one hundred percent (100%).

2. Organization.

The General Partners have executed a Certificate of Limited Partnership pursuant
to the provisions of the Act (the  "Certificate")  and caused the Certificate to
be filed as required by the Act.  The General  Partners  shall also  execute and
record all amendments to the  Certificate or additional  certificates  as may be
required by this Agreement or by law.

3. Name of Partnership.

The name of the  Partnership  shall be "BENCHMARK  PARTNERS  L.P." or such other
name as the General Partners may from time to time designate.

4. Principal Office, Resident Agent, Registered Office.

The principal office of the Partnership is 750 Lexington  Avenue,  New York, New
York 10022 or any other place determined by the General  Partners.  The name and
address of the registered agent for service of process in the State of

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Delaware is The  Corporation  Trust  Company,  1209 Orange  Street,  Wilmington,
Delaware 19801.  The address of the registered  office of the Partnership in the
State of Delaware is c/o The  Corporation  Trust  Company,  1209 Orange  Street,
Wilmington, Delaware 19801.

5. Term of the Partnership.

(a) The term of the  Partnership,  having  commenced on the date the Certificate
was filed, shall continue until the first of the following events occurs:

              (i) December 31, 2009;

              (ii) a written  consent to dissolution  of the  Partnership by all
Partners;

              (iii) upon all of the General Partners ceasing to be general
partners as  a result  of doing or being  subject  to one or more of the
following:

                  (A) withdrawing from the Partnership in accordance with
Section 21 of this Agreement;

                  (B) assigning all of his interest in the Partnership;

                  (C) making an assignment for the benefit of his creditors;

                  (D) filing a voluntary petition in bankruptcy;

                  (E) being adjudged bankrupt or insolvent or having entered
against him  an   order  of   relief   in  any bankruptcy or insolvency
proceeding;

                  (F)  filing a  petition  or answer  seeking  for  himself  any
reorganization,    arrangement,    composition,    readjustment,    liquidation,
dissolution, or similar relief under any statute, law, or regulation;

                  (G) filing an answer or other pleading admitting or failing to
contest  the  material  allegations  of a  petition  filed  against  him  in any
proceeding  seeking  reorganization,   arrangement,  composition,  readjustment,
liquidation,   dissolution,   or  similar  relief  under  any  statute,  law  or
regulation;

                  (H) seeking, consenting to, or acquiescing in the appointment
of a trustee or receiver,or liquidator of all or any substantial part of his
properties;

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                  (I)   being   the   subject   of   any   proceeding    seeking
reorganization,    arrangement,    composition,    readjustment,    liquidation,
dissolution,  or similar  relief under any  statute,  law or  regulation,  which
proceeding  shall have continued for one hundred and twenty (120) days after the
commencement  thereof; or the appointment of a trustee,  receiver, or liquidator
for  such  General  Partner  or all or any  substantial  part of his  properties
without his consent or acquiescence,  which appointment is not vacated or stayed
for ninety  (90) days or, if the  appointment  is stated,  for ninety  (90) days
after the  expiration  of the stay during  which period the  appointment  is not
vacated;

                  (J) the death of a General Partner; or

                  (K)  the   entry   by  a  court  of   competent   jurisdiction
adjudicating  such  General  Partner  incompetent  to manage  his  person or his
property; or

              (iv) upon issuance of a decree of dissolution of the Partnership
by the Delaware Court of Chancery in accordance with Section 17-802 of the Act.

(b) In the  event a  General  Partner  does  or  becomes  subject  to any of the
provisions  of  subsection  (a) (iii) of this Section 5, the  remaining  General
Partner  shall be  permitted to carry on the  business of the  Partnership  upon
written  notice  provided  to all  Partners  of the  decision  to  continue  the
Partnership's  business.  Each Limited Partner shall have the right for a period
of thirty (30) days from the date of the written notice (the "Election  Period")
to elect to withdraw from the Partnership as of ten (10) days after the last day
of the  Election  Period.  The Limited  Partner  will  receive the proceeds of a
withdrawal  made pursuant to this  subsection (b) within ninety (90) days of the
date of  withdrawal.  The amount of such proceeds  will be calculated  after the
adjustments to his capital account provided for in Section 9 hereof,  made as if
the withdrawal date were the end of a Fiscal Year.

(c) If any  one or more of the  termination  events  listed  in this  Section  5
occurs,  and if the  remaining  General  Partner  chooses  not to  carry  on the
business of the  Partnership in accordance with the provisions of subsection (b)
of this Section 5, the  Partnership  shall be dissolved and its affairs wound up
as provided in Section22 of this Agreement.

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6. Purposes.

The Partnership is organized for the following purposes:

(a) to invest and trade, on margin or otherwise,  in  "Securities," as that term
is defined in Section 2(1) of the  Securities Act of 1933, as amended (the "1933
Act");

(b) to sell Securities short and cover short sales;

(c) to lend  funds or  properties  of the  Partnership,  either  with or without
security; and

(d) to execute,  deliver and perform all contracts and other  undertakings,  and
engage in all activities and transactions, that the General Partners believe are
necessary or advisable in carrying out the purposes  specified  all  subsections
(a),(b), and (c) of this Section 6, including without limitation:

              (i) to purchase, transfer or acquire in any manner and exercise
all rights, powers, privileges and other incidents of ownership or
possession with respect to the investments described in subsection (a) of this
Section 6; and

              (ii) to register or qualify the  Partnership  under any applicable
Federal  or  state  laws,  or  to  obtain   exemptions   under  those  laws,  if
registration,  qualification  or  exemption  is deemed  necessary by the General
Partners.

7. Contributions of the Partners; New Partners.

(a)  Each  Partner  shall  make  a  contribution  to the  Partnership's  capital
("Capital  Contribution")  in the amount set out opposite the Limited  Partner's
name in Schedule A attached to this Agreement.

(b) Any Partner may elect, with the consent of the General Partners,  to make an
additional Capital Contribution,  as of the first day of any Fiscal Quarter. The
General  Partners  may,  in their sole  discretion,  permit  additional  Capital
Contributions to be made more frequently than quarterly.

(c) No Partner shall be required to make any additional Capital Contributions.

(d) Capital Contributions made by Limited Partners must be in cash.

<PAGE>

(e) The General Partners shall have the right, but not the  obligation,to  admit
new Partners to the Partnership as of the first day of any Fiscal  Quarter.  The
General Partners may, however, in their sole discretion, admit new Partners more
frequently than quarterly.

8. Capital Accounts.

A Capital Account shall be established  for each Partner.  For the Fiscal Period
during  which a Partner  is  admitted  to the  Partnership,  his or its  Capital
Account shall equal the amount of his or its initial Capital  Contribution.  For
each subsequent Fiscal Period,  the Partner's Capital Account will equal the sum
of the  amount  of his or its  Capital  Account  as  finally  adjusted  for  the
immediately  preceding  Fiscal Period and the amount of any  additional  Capital
Contribution  made by the  Partner  as of the  first day of the  current  Fiscal
Period.

9. Adjustments to Capital Accounts.

At the end of each Fiscal Period,  the Capital Accounts of the Partners shall be
adjusted in the following manner:

(a) Subject to the provisions of subsections (c) and (d) and (f) of this Section
9, Net Profit of the  Partnership  for the  Fiscal  Year  shall be  credited  as
follows:

              (i) There  shall  first be made a  provisional  allocation  of Net
Profit to the Capital  Account of all  Partners in  proportion  to the amount of
their respective Capital Accounts on the first day of each Fiscal Period.

              (ii) Then,  twenty  percent (20%) of the Net Profit  provisionally
allocated  to the Capital  Account of each Limited  Partner  (except any Limited
Partner  that is an  Affiliate  of a General  Partner  and is so  designated  in
writing by the General Partners) shall be reallocated to the General Partners in
accordance  with their General  Partner  Percentages  for such Fiscal Year. Such
twenty percent (20%) of Net Profits is the "Incentive Allocation".

(b) Net Loss of the Partnership for the Fiscal Year shall be debited against the
Capital Account of each Partner adjusted for withdrawals in proportion to and in
accordance  with the  balance in the Capital  Account of the  Partner  until the
value of any Partners' Capital Account becomes zero.  Thereafter,  any remaining
Net Loss for the  Fiscal  Year  shall be debited  to  Partners  having  positive
balances in their Capital  Accounts in proportion to those  balances,  until the
value of each

<PAGE>

Partner's Capital Account becomes zero.  Thereafter,  any remaining Net Loss for
the Fiscal Year shall be debited to the General Partners in accordance with each
General Partner's General Partner Percentage for the Fiscal Period.

(c) In the event that the Capital Account of one or more General  Partners has a
negative  balance,  one  hundred  percent  (100%)  of  the  Net  Profit  of  the
Partnership  for the Fiscal Period shall be credited to those  General  Partners
whose  Capital  Accounts  have  negative   balances  in  accordance  with  their
respective  General  Partner  Percentages  until no General Partner shall have a
negative Capital Account balance.

(d)  Anything  in this  Section 9 to the  contrary  notwithstanding,  if any Net
Losses are  allocated at the account of any Limited  Partner,  each such Limited
Partner shall be entitled to a "Recoupment Allocation" of subsequent Net Profits
of the  Partnership,  in an amount in proportion to his Partnership  Percentage,
until  such Net Loss  shall  have been  eliminated.  The  amount of Net  Profits
allocated as a Recoupment  Allocation  shall not exceed,  but shall reduce,  the
amount  of Net  Profits  otherwise  allocable  to the  General  Partners  as the
Incentive  Allocation  pursuant toSection 9(a) (ii) hereof. If a Limited Partner
who is entitled to a  Recoupment  Allocation  shall  withdraw any portion of his
Capital  Account,  the amount of  Recoupment  Allocation to which he is entitled
shall be reduced in proportion to the amount of capital withdrawn.

(e) The amount of any withdrawal  made by the Partner  pursuant to Section 21 or
Section 22 of this  Agreement  shall be debited  against the Capital  Account of
that Partner.

(f)  Allocations  of Net Profit or Net Loss for a Fiscal  Period,  if necessary,
shall be made in accordance with each Partner's Partnership Percentage, adjusted
as provided in  paragraph  (a) of this  Section 9 at the end of the Fiscal Year,
provided that the share of the Partnership's Net Profit allocated to the General
Partners in accordance with the provisions of subsection (a)(ii) of this Section
9 for any Fiscal Year may not exceed twenty  percent (20%) of the Net Profit for
the FiscalYear.

10. Hot Issues.

In the event the General  Partners decide to invest in securities  which are the
subject of a public  distribution and which the General Partners,  in their sole
discretion,  believe may become a "hot issue" as that term is defined in Article
III,  Section 1 of the Rules of Fair  Practice of the  National  Association  of
Securities Dealers,  Inc. (the "Association"),  such investment shall be made in
accordance with the following provisions:

<PAGE>

(a) any such  investment  made in a particular  Fiscal Period shall be made in a
special account (the "Hot Issues Account");

(b) only those Partners who do not fall within the  proscription of Article III,
Section 1 of said Rules of Fair Practice  ("Unrestricted  Partners")  shall have
any beneficial interest in the Hot Issues Account;

(c) each Unrestricted Partner shall have a beneficial interest in the Hot Issues
Account  for any Fiscal  Period in the  proportion  which (i) such  Unrestricted
Partner's  Capital Account as of the beginning of the Fiscal Period bore to (ii)
the sum of the Capital Accounts of all Unrestricted Partners as of the beginning
of such Fiscal Period.

(d) funds required to make a particular  investment  shall be transferred to the
Hot Issues  Account  from the  regular  account of the  Partnership;  securities
involved  in the  public  distribution  shall  be  purchased  in the Hot  Issues
Account,  held in the Hot Issues Account and eventually sold from the Hot Issues
Account or transferred to the regular account at fair market value as of the day
of transfer as  determined  by the General  Partners  with such  transfer  being
treated as a sale; if such securities are sold from the Hot Issues Account,  the
proceeds  of the sale shall be  transferred  from the Hot Issues  Account to the
regular account of the Partnership;

(e) as of the last day of each Fiscal Period in which a particular investment or
investments are held in the Hot Issues Account: (A) interest shall be debited to
the Capital  Accounts of the  Unrestricted  Partners  in  accordance  with their
beneficial interest in the Hot Issues Account at the interest rate being paid by
the  Partnership  from time to time for borrowed funds during the period in that
Fiscal  period  that funds from the  regular  account  have been held in or made
available to the  particular  Hot Issues  Account or, if no such funds are being
borrowed  during  such  period,  the  interest  rate that the  General  Partners
determine  would have been paid if funds had been  borrowed  by the  Partnership
during such period;  and such interest shall be credited to the Capital Accounts
of all the Partners, both General and Limited, in the proportions which (i) each
Partner's Capital Account as of the beginning of such Fiscal Period bore to (ii)
the sum of the Capital  Accounts of all  Partners  as of the  beginning  of such
Fiscal  Period and (B) any Net Profits or Net Losses  during such Fiscal  Period
with  respect  to the Hot  Issues  Account  shall be  allocated  to the  Capital
Accounts  of the  Unrestricted  Partners  in  accordance  with their  beneficial
interests  in the Hot  Issues  Account  during  such  Fiscal  Period;  provided,
however,  that the amount of such interest shall not exceed the amount of profit
accrued in the Hot Issues Account; and

<PAGE>

(f) the determination of the General Partners as to whether a particular Partner
falls within the  proscription  of Article III,  Section I of said Rules of Fair
Practice shall be final.

11. Valuation.

The  Partnership's  assets  shall be valued  in  accordance  with the  following
principles:

(a) Any Security that is listed on a national securities exchange will be valued
at its last sale price on the date of determination as recorded by the composite
tape  system,  or if no sales  occurred  on that day,  at the mean  between  the
closing  "bid" and  "asked"  prices on that day as recorded by the system or the
exchange, as the case may be;

(b) Any Security that is a National  Market  Security will be valued at its last
sale price on the date of determination as reported by the National  Association
of Securities  Dealers  Automated  Quotations system  ("NASDAQ"),  or if no sale
occurred on that day, at the mean between the closing  "bid" and "asked"  prices
on that day as reported by NASDAQ;

(c) Any Security not listed on a national securities exchange and not a National
Market Security will be valued at the mean between the closing "bid" and "asked"
prices  on the  date of  determination  as  reported  by  NASDAQ  or,  if not so
reported, as reported in the over-the-counter market in the United States;

(d) An option  shall be valued at the last sales  price or, in the  absence of a
last sales price, the last offer price; and

(e) All other  Securities  shall be assigned the value that the General Partners
in good faith determine.

12. Determination by General Partners of Certain Matters.

(a) All matters  concerning  the  valuation of  Securities,  the  allocation  of
profits,  gains and losses among the  Partners,  including the taxes on them and
accounting procedures,  not specifically and expressly provided for by the terms
of  thisAgreement,  shall be determined  in good faith by the General  Partners,
whose  determination  shall be final,  binding  and  conclusive  upon all of the
Partners.

(b) Gains,  losses, and expenses of the Partnership for each Fiscal Period shall
be  allocated  among the  Partners  for income tax purposes in a manner so as to
reflect,  as nearly  as  possible,  the  amounts  credited  or  charged  to each
Partner's Capital Account pursuant to Section 9 of this Agreement.

(c) The  General  Partners  shall have the power to make all tax  elections  and
determinations  for the  Partnership,  and to take any and all action  necessary
under  the  Code  or  other   applicable  law  to  effect  those  elections  and
determinations.  All such elections and  determinations  by the General Partners
shall be final, binding and conclusive upon all Partners.

13. Liability of Partners.

(a) The General  Partners  shall not be  obligated to  contribute  cash or other
assets to the  Partnership  to make up deficits in their Capital  Accounts or in
the  Capital  Accounts  of the Limited  Partners  either  during the term of the
Partnership or upon  liquidation.  The General  Partners shall be liable for all
debts and  obligations of the  Partnership to the extent that the Partnership is
unable to pay such debts and obligations.

(b) The doing of any act or the failure to do any act by a General Partner,  the
effect of which may cause or result in loss, liability, damage or expense to the
Partnership or any Partner shall not subject a General  Partner to any liability
to the  Partnership or to any Partner,  except that a General  Partner may be so
liable if he has not acted in good faith,  or has  committed  misconduct  or was
grossly negligent or as otherwise provided under the Employee  Retirement Income
Security Act of 19764 as amended ("ERISA").

(c) Limited Partner will not be liable for any debts or bound by any obligations
of the Partnership except to the extent set forth in subsections (d), (e) and(f)
of this Section 13.

(d) A Limited  Partner  who has  received  the  return of any part of his or its
Capital  Contribution  without  violation of this Agreement or the Act shall not
therefore be liable to the Partnership or its creditors.

(e)  Limited  Partner  receiving  a return of any  portion of his or its Capital
Contribution  in  violation of the Act or this  Agreement  will be Liable to the
Partnership  for a period  of six (6)  years  thereafter  for the  amount of the
contribution wrongfully returned.

(f) A Limited  Partner  may be liable to the  Partnership  or  creditors  of the
Partnership for any amounts  distributed if, and to the extent that, at the time
of  the  distribution,  he  actually  knew  that,  after  giving  effect  to the
distribution,  all  liabilities of the  Partnership,  other than  liabilities to
Partners on account of their  interests  in the  Partnership,  exceeded the fair
value of the Partnership's assets.

14. Rights and Duties of the General Partners.

(a) The General  Partners  shall have the exclusive  right to manage and control
the affairs of the Partnership, and shall have the power and authority to do all
things  necessary  or proper to carry out the purposes of the  Partnership.  The
General  Partners  shall devote an amount of time and attention that the General
Partners in their sole discretion deem necessary or appropriate. Notwithstanding
the foregoing, the Managing General Partner shall have sole discretion regarding
investment  decisions or other  decisions  with respect to the management of the
Partnership's assets.

(b) Without limiting the generality of the foregoing, the General Partners shall
have full power and authority:

              (i) to engage independent agents, attorneys, accountants and
custodians as the General Partners deem necessary or advisable for the affairs
of the Partnership;

              (ii)  to  enter,  or  cause  the  Partnership  to  enter,  into an
agreement with Benchmark Capital Group, Inc., a corporation  organized under the
laws of the State of New York (the "Administrator"), for administrative services
that the General Partners deem necessary in connection with the operation of the
Partnership's business;

              (iii) to receive,  buy, sell,  exchange,  trade,  and otherwise
deal in and with Securities and other property of the Partnership;

              (iv) to open, conduct and close accounts with brokers on behalf of
the Partnership and to pay the customary fees and charges applicable to
transactions in those accounts;

              (v)  to  open,  maintain  and  close  accounts,  including  margin
accounts,  with  brokers and banks,  and to draw checks and other orders for the
payment of money by the Partnership;

              (vi) to file, on behalf of the Partnership, all required local,
state and Federal tax and other returns relating to the Partnership;

              (vii)  except to the  extent  prohibited  by  ERISA,  to cause the
Partnership to purchase or bear the cost of any insurance covering the potential
liabilities of the General Partners and any associate,  employee or agent of the
General  Partners  arising  out of the  General  Partners'  actions  as  General
Partners under this Agreement;

<PAGE>

              (viii) to cause the  Partnership  to  purchase or bear the cost of
any insurance  covering the  potential  liabilities  of any person  serving as a
director,  officer  or  employee  of an entity in which the  Partnership  has an
investment or of which the Partnership is a creditor;

              (ix) to commence or defend litigation or submit to arbitration
any claim or cause of action that pertains to the Partnership or any Partnership
assets;

              (x) to enter into,  make and  perform  contracts,  agreements  and
other  undertakings,  and to do any other  acts,  as the General  Partners  deem
necessary  or  advisable  for,  or as may be  incidental  to, the conduct of the
business of the Partnership,  including,  without limiting the generality of the
foregoing, contracts, agreements, undertakings and transactions with any Partner
or with any other person, firm or corporation having any business,  financial or
other relationship with any Partner or Partners;

              (xi) to make or revoke  elections  pursuant  to Section 754 of the
Code to adjust the basis of the Partnership's  property as permitted by Sections
734(b) and 743(b) of the Code; and

              (xii) to designate a Tax Matters  Partner for all  purposes  under
the Code.

15. Expenses.

The  Partnership   shall  bear  all  expenses   relating  to  its  organization,
whichexpenses  shall be amortized  through  November  30,  1994.  Administrative
expensesof the Partnership shall be borne by the Administrator.  The Partnership
will bear  theexpenses  of its  auditor,  its legal  counsel,  and  expenses  of
investments.

16. Administrative Fee.

The Partnership shall pay the Administrator as of the end of each Fiscal Quarter
an  administrative  fee at an annual  rate of one  percent  (1%) of the value of
thePartnership's  assets as of the end of the Fiscal  Quarter.  For  purposes of
this  Section 16, the  Partnership's  assets will be valued in  accordance  with
Section 11 of this Agreement.

<PAGE>

17. Limitation on Powers of Limited Partners.

No  Limited  Partner  shall  participate  in the  control  of the  Partnership's
business,  transact any business in the Partnership's  name or have the power to
sign documents for the Partnership or to bind the Partnership in any other way.

18. Other Business Ventures.

Each Partner agrees that each General  Partner and his Affiliates and associates
may engage in other business  activities or possess  interests in other business
activities of every kind and description,  independently  or with others.  These
activities may include,  without  limitation,  establishing a broker-dealer  and
investing in,  financing,  acquiring and disposing of interests in securities in
which the Partnership may from time to time invest,  or in which the Partnership
is able to invest or otherwise  have any interest.  The Limited  Partners  agree
that the General  Partners  may act as general  partners of other  partnerships,
including investment partnerships.

19. Limitation on Assignability of Interests of Limited Partners.

(a) No Limited  Partner may assign or otherwise  transfer or encumber his or its
interest  in the  Partnership,  in whole  or in part,  without  the  consent  of
theGeneral  Partners and without a written  opinion of counsel to or approved by
the General  Partners  that the  proposed  transfer (i) is  consistent  with all
applicable provisions of the 1933 Act, and the rules and regulations thereunder,
as from time to time in  effect,  as well as any  applicable  provisions  of any
state "blue sky" law; and (ii) would not result in the  Partnership's  having to
register as an investment  company under the Investment  Company Act of 1940, as
amended;

(b) Notwithstanding any other provision of this Agreement,  any successor to any
Limited  Partner shall be bound by the  provisions of this  Agreement.  Prior to
recognizing  any  assignment  of an  interest in the  Partnership  that has been
transferred in accordance with this Section 19, the General Partners may require
the  transferring  Limited  Partner to execute and  acknowledge an instrument of
assignment in form and substance  satisfactory to the General Partners,  and may
require  the  assignee  to agree in  writing  to be bound by all the  terms  and
provisions of this Agreement,  to assume all of the obligations of the assigning
Limited  Partner and to execute  whatever  other  instruments  or documents  the
General Partners deem necessary or desirable in connection with the assignment.

(c) No Limited Partner shall have the right to have his or its assignee admitted
as a substitute  Limited Partner,  except upon the written consent of theGeneral
Partners,  which  consent may be withheld in the sole  discretion of the General
Partners.

(d) Each Limited  Partner hereby approves of the admission to the Partnership as
a  Limited  Partner  of  any  assignee  who  succeeds  to  the  interest  in the
Partnership  of a Limited  Partner in  accordance  with the  provisions  of this
Section 19.

20. Withdrawals by a Limited Partner.

(a)(i) A Limited Partner who shall have been a Limited Partner for at least four
full  Fiscal  Quarters  (or such  lesser  period of time as may be  required  to
satisfy  Section  408(b)(2) of ERISA and Section  4975(d)(2)  of the Code) shall
have the  right,  as of the end of any  Fiscal  Year,  or at other  times at the
discretion of the General  Partners,  to withdraw all or a portion of the amount
of his or its Capital  Account,  so long as the General Partners receive written
notice of the  intended  withdrawal  not less than thirty (30) days prior to the
withdrawal,  stating the amount to be withdrawn.  In no event, however,  shall a
Limited  Partner be  permitted  to withdraw  any amounts from his or its Capital
Account in excess of the positive balance of his or its Capital Account.  If the
amount of a Limited Partner's withdrawal represents less than seventy-five (75%)
of the Limited Partner's  Capital Account,  the Limited Partner will receive the
proceeds of the withdrawal within thirty (30) days after the date of withdrawal.
If the amount of a Limited Partner's withdrawal represents  seventy-five percent
(75%) or more of the Limited Partner's Capital Account, the Limited Partner will
receive  seventy-five  percent (75%) of his Capital  Account  within thirty (30)
days after the date of  withdrawal  and the  remainder  of the amount  withdrawn
within  ten (10) days  after the  Partnership  has  received  audited  financial
statements from its independent certified public accountants pursuant to Section
23(c) of this  Agreement.  If a Limited Partner  requests  withdrawal of capital
which would reduce his Capital  Account below the amount of his initial  Capital
Contribution,  the  General  Partners  may treat such  request as a request  for
withdrawal of all of such Partner's  Capital  Account.  The  distribution of any
amount  withdrawn  by a  Limited  Partner  may  take  the  form of  cash  and/or
marketable  securities  as  determined  by the  General  Partners  in their sole
discretion.

(ii) In the event of a proposed  withdrawal  of  capital by one or more  General
Partners or Affiliates  pursuant to Section  21(a)(ii) of this  Agreement,  as a
result of which the  aggregate of the Capital  Accounts of the General  Partners
and Affiliates  will be less than $1,000,000  (one million  dollars),  a Limited
Partner  shall have the right to withdraw  all or a portion of the amount of his
or its Capital  Account,  so long as the General Partners receive written notice
of the intended withdrawal not more than fifteen (15) days after the date of the
notice of withdrawal by such General Partner or General Partners or Affiliate or
Affiliates  pursuant  to  said  Section  21(a)(ii),  stating  the  amount  to be
withdrawn.  In such  event  the  withdrawal  by such  Limited  Partner  shall be
effective as of the effective date of the  withdrawal by the General  Partner or
General Partners  pursuant to said Section  21(a)(ii).  The amount available for
withdrawal  shall be  calculated  in the same manner as provided for in the last
sentence of paragraph (b) of Section 5 hereof.

(b) Any Limited  Partner's  interest in the Partnership may be terminated by the
Partnership as of the end of any Fiscal Year or at the discretion of the General
Partners,  upon prior written notice, so long as the General Partners  determine
the termination to be in the best interest of the Partnership. In the event that
a Limited Partner's  interest in the Partnership is terminated  pursuant to this
Section 20, the Limited  Partner shall receive ninety percent (90%) of the value
of his  Capital  Account  within  thirty  (30)  days  after  written  notice  of
termination  is given by the  Partnership  and the  remaining  ten percent (10%)
within ten (10)  business  days  after  receipt  by the  Partnership  of audited
financial  statements  with  respect  to the  Fiscal  Year in  which  his or its
interest in the Partnership is terminated.

21. Withdrawals by the General Partners and Affiliates.

(a)(i) Each General  Partner shall have the right to withdraw any amount of cash
from  his  Capital  Account  as of the end of any  Fiscal  Year,  without  prior
notification to the Limited Partners, provided that, after giving effect to such
withdrawal,  the aggregate  Capital  Accounts of the General  Partners and their
Affiliates are not less than $1,000,000 (one million dollars).

(ii) Upon forty-five (45) days' prior notice to the Limited Partners,  a General
Partner or an  Affiliate  may  withdraw  any  amount  from his  Capital  Account
contributed  to the  Partnership  as a result of which  withdrawal the aggregate
Capital  Accounts of the General  Partners and their Affiliates would be reduced
below $1,000,000 (one million dollars).

(b) Any or all of the General  Partners may voluntarily  resign or withdraw from
the  Partnership  as of the end of any Fiscal Year upon sixty (60) days' written
notice sent to all Partners.

22. Dissolution and Winding Up of the Partnership.

On  dissolution  of the  Partnership,  the General  Partners  (or if there is no
General  Partner,  one or more persons  approved by Limited  Partners  holding a
majority  ininterest of the Capital Accounts of the Limited Partners) shall wind
up the Partnership's  affairs and shall distribute the  Partnership's  assets in
the following manner and order:

(a) in satisfaction of the claims of all creditors of the Partnership, other
than the General Partners;

(b) in  satisfaction  of the claims of the General  Partners as creditors of the
Partnership; and

(c)  any  balance  to  the  Partners  in the  relative  proportions  that  their
respective  Capital  Accounts bear to each other,  those Capital  Accounts to be
determined as if the Fiscal Year ended on the date of the dissolution.

23. Accounting and Reports.

(a) The records and books of account of the  Partnership  shall be audited as of
the end of each Fiscal Year by independent certified public accountants selected
by the General Partners in their discretion.

(b) As soon as  practicable  after  the end of each  Fiscal  Year,  the  General
Partners  shall  cause to be  delivered  to each person who was a Partner at any
time during that Fiscal Year all  information  deemed  necessary  by the General
Partners in their sole  discretion for the  preparation of the Partner's  income
tax returns,  including a Form 1065/Schedule K-1 statement showing the Partner's
share of Net Profit or Net Loss,  deductions  and credits  for the year  Federal
income  tax  purposes,and  the  amount of any  distributions  made to or for the
account of the Partner pursuant to this Agreement.

(c)  The  independent  certified  public  accountants  selected  by the  General
Partners in accordance  with subsection (a) of this Section 23 shall prepare and
mail to each Partner, within ninety (90) days after the end of each Fiscal Year,
an audited income  statement for the Fiscal Year and an audited balance sheet as
of the end of the Fiscal Year.

(d) The  Partnership  shall  cause to be prepared  and mailed to each  Partner a
report setting out as of the end of each Fiscal Quarter  information  determined
by the General Partners to be appropriate.

(e) The General  Partners  shall cause tax  returns  for the  Partnership  to be
prepared and timely filed with the appropriate authorities.

24. Books and Records.

The General Partners shall keep at the Partnership's principal office:

<PAGE>

(a) books and records  pertaining to the  Partnership's  business showing all of
its assets and  liabilities,  receipts and  disbursements,  realized profits and
losses,  Partners'  Capital  Accounts and all  transactions  entered into by the
Partnership;

(b) a current  list of the full name and last known  home,  business  or mailing
address of each Partner set out in alphabetical order;

(c) a copy of the  Certificate  and all amendments to it, together with executed
copies of any  powers of  attorney  pursuant  to which the  Certificate  and any
amendments to it have been executed;

(d) copies of the Partnership's  Federal,  state and local income tax returns
and reports, if any, for the three (3) most recent years;
and

(e) copies of this Agreement as may be amended from time to time.

All books and records of the Partnership  required to be kept under this Section
24 shall be available  for  inspection  by a Partner of the  Partnership  at the
offices  of the  Partnership  during  ordinary  business  hours for any  purpose
reasonably related to the Partner's interest as a Partner in the Partnership.

25. Indemnification.

(a)  The  Partnership  shall  indemnify  each  General  Partner  and  any of his
Affiliates  (each an  "Indemnitee")  to the fullest extent  permitted by law and
will  hold  each  harmless  from and with  respect  to (i) all  fees,  costs and
expenses  incurred in connection  with, or resulting from, any claim,  action or
demand  against any  Indemnitee  that arises out of or in any way relates to the
Partnership,  its properties,business or affairs, and (ii) any losses or damages
resulting  from any such  claim,  action or demand,  including  amounts  paid in
settlement or compromise of the claim, action or demand.

(b) No Indemnitee  shall be indemnified by the  Partnership  with respect to any
action  or  failure  to act  that  does  not  constitute  good  faith,  or  that
constitutes willful misfeasance.

(c) The Partnership may pay the expenses  incurred by an Indemnitee in defending
a civil or criminal  action,  suit or proceeding  brought by a party against the
Indemnitee that arises out of or is in any way related to the  Partnership,  its
properties,  business  or  affairs,  upon  receipt  of  an  undertaking  by  the
Indemnitee to repay the amount advanced by the Partnership if an adjudication or
determination is subsequently made by a court of competent jurisdiction that the
Indemnitee is not entitled to indemnification as provided in this Agreement.

(d) The  right  of  indemnification  provided  in this  Section  25  shall be in
addition to any rights to which an  Indemnitee  may  otherwise  be entitled  and
shall  inure  to  the  benefit  of  the  executors,   administrators,   personal
representatives, successors or assigns of each Indemnitee.

(e) The rights to indemnification and reimbursement provided for in this Section
25 may be satisfied only out of the assets of the Partnership.  No Partner shall
be personally liable for any claim for  indemnification  or reimbursement  under
this Section 25.

26. Amendment of Partnership Agreement.

This  Agreement may be amended,  in whole or in part, by the written  consent of
(a) the General  Partners,  and (b) Partners the value of whose Capital  Account
constitute  not less than fifty  percent (50%) of the total value of all Capital
Accounts of the  Partnership,  provided that no such amendment  shall affect the
allocation  of Net Profit or Net Loss to any  Partner who has not  consented  to
such amendment. In addition, any provision of this Agreement, other than Section
9, may be amended by the  General  Partners  in any manner that does not, in the
sole discretion of the General Partners, adversely affect any Limited Partner.

27. Notices.

Notices that may or are  required to be given under this  Agreement by any party
to  another  shall be in  writing  and  deposited  in the  United  States  mail,
certified or registered, postage prepaid, addressed to the respective parties at
their  addresses  set  out in  Schedule  A to  this  Agreement  or to any  other
addressee  designated by any Partner by notice  addressed to the  Partnership in
the case of any Limited  Partner and to the Limited  Partners in the case of the
General  Partners.  Notices shall be deemed to have been given when deposited in
the United States mail within the continental United States.

28. Agreement Binding Upon Successors and Assigns.

This  Agreement  shall  inure to the  benefit of and shall be  binding  upon the
heirs,  executors,  administrators  or  other  representatives,  successors  and
assigns of thePartners.

29. Governing Law.

This  Agreement,  and the rights of the Partners  under it, shall be governed by
and construed in accordance with the law of the State of Delaware.

30. Consents.

Any and all consents,  agreements or approvals provided for or permitted by this
Agreement  shall be in writing and signed copies of them shall be filed and kept
with the books of the Partnership.

31. Miscellaneous.

(a) This Agreement,  including Schedule A appended to it, constitutes the entire
understanding  and  agreement  of  the  Partners  as to  the  operation  of  the
Partnership.

(b) This  Agreement  may be  executed  in  counterparts,  each of which shall be
deemed to be an original.

(c)  Each  provision  of  this   Agreement  is  intended  to  be  severable.   A
determination  that a  particular  provision  of this  Agreement  is  illegal or
invalid shall not affect the validity of the remainder of the Agreement.

(d) Nothing  contained in this  Agreement  shall be construed to constitute  any
Partner the agent of another  Partner,  except as specifically  provided in this
Agreement,  or in any manner to limit the  Partners in the  carrying on of their
own respective business or activities.

<PAGE>

IN WITNESS  WHEREOF,  the Partners have  executed this  Agreement as of the date
first above written.

GENERAL PARTNERS

Benchmark Capital Advisors, A Division of The Benchmark Company, Inc.

By:__________________________
              Lorraine DiPaolo

-----------------------------
              Lorraine DiPaolo

-----------------------------
              Richard Whitman

LIMITED PARTNERS:

All Limited  Partners  now and  hereafter  admitted  as limited  partners of the
Partnership,  pursuant to Powers of Attorney now and hereafter executed in favor
of, and delivered to the General Partners.

LORRAINE DIPAOLO, Attorney-in-Fact

-----------------------------
              Lorraine DiPaolo<PAGE>

 EXHIBIT I
                             JOINT FILING AGREEMENT

     In accordance with Rule 13d-1(f) under the Securities Exchange Act of 1934,
as amended,  the undersigned hereby agree to the joint filing with each other of
the attached  statement on Schedule 13D and to all  amendments to such statement
and that such  Statement and all  amendments to such statement is made on behalf
of each of them.

     In  addition  the  undersigned  hereby  appoints  Lawrence  B.  Seidman  as
attorney-in-fact  for the  undersigned  with authority to execute and deliver on
behalf  of the  undersigned  any and all  documents  (including  any  amendments
thereto)  required to be filed by the  undersigned  or  otherwise  executed  and
delivered by the undersigned pursuant to the Securities Exchange Act of 1934, as
amended, all other federal, state and local securities and corporation laws, and
all regulations promulgated thereunder.

     IN WITNESS  WHEREOF,  the  undersigned  hereby  execute  this  agreement on
       February 1, 2000.

                  2/1/00                     ss/Lawrence B. Seidmn
                  ------                     ------------------------------
                  Date                       Lawrence B. Seidman, Manager
                                             Seidman and Associates, L.L.C.

                  2/1/00                     ss/Lawence B. Seidman
                  ------                     ------------------------------
                  Date                       Lawrence B. Seidman, Manager
                                             Seidman and Associates II, L.L.C.

                  2/1/00                     ss/Lawrence B. Seidman
                  ------                     ------------------------------
                  Date                       Lawrence B. Seidman, President
                                             of the Corporate General Partner
                                             Seidman Investment Partnership,L.P.

                  2/1/00                     ss/Lawrence B. Seidma
                  ------                     ------------------------------
                  Date                       Lawrence B. Seidman, President
                                             of the Corporate General Partner
                                             Seidman Investment Partnership II,
                                             L.P.

                  2/1/00                     ss/Lawrence B. Seidman
                  ------                     ------------------------------
                  Date                       Lawrence B. Seidman, Individually

                  2/1/00                     ss/David Mandelbaum
                  ------                     ------------------------------
                  Date                       David Mandelbaum, General Partner
                                             Kerrimatt, L.P.

                  2/1/00                     ss/Lawrence Seidman
                  ------                     ------------------------------
                  Date                       Lawrence Seidman, Investment
                                             Manager
                                             Federal Holdings, L.L.C.

                  2/1/00                     ss/Dennis Pollack
                  ------                     ------------------------------
                  Date                       Dennis Pollack, Individually

                  2/1/00                     ss/Richard Whitman
                  ------                     ------------------------------
                  Date                       Richard Whitman, Manager
                                             Benchmark Partners, LP

                  2/1/00                     ss/Richard Whitman
                  ------                     ------------------------------
                  Date                       Richard Whitman, Individually

                  2/1/00                     ss/Lorraine DiPoalo
                  ------                     ------------------------------
                  Date                       Lorraine DiPoalo, Individually

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