Schedule of Partners, Allocation of Partnership Units, Percentage Interests, and Agreed Value of Non-Cash Capital Contributions

Summary

This document lists the partners in a partnership, their addresses, the value of their non-cash capital contributions, the number of partnership units issued, and their percentage interests. It also details changes over time, such as redemptions, conversions, and residual values, showing how each partner's interest has changed. The schedule is primarily informational and tracks the allocation and adjustment of partnership units among various entities and individuals.

EX-10.1.4 3 j2354_ex10d1d4.htm EX-10.1.4 Prepared by MERRILL CORPORATION

Exhibit A

 

SCHEDULE OF PARTNERS,

ALLOCATION OF PARTNERSHIP UNITS, PERCENTAGE INTERESTS

AND THE AGREED UPON VALUE OF NON-CASH CAPITAL CONTRIBUTIONS

 

Date Admitted

 

Name and address of partners

 

Value of non-cash capital contribution

 

Partnership units issued

 

Approx. Percentage Interests

 

Federal ID #

 

 

 

 

 

 

 

 

 

 

 

 

 

2/12/1997

 

Golf Legends Ltd., Inc. 
1500 Legends Drive
Myrtle Beach, SC  29578

 

$

30,647,030

 

1,532,352

 

 

 

57-0886834

 

 

 

 

 

 

 

 

 

 

 

 

 

4/2/2001

 

Legends (conversion)

 

 

 

(294,613

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7/31/2001

 

Redemption at disposition

 

$

(14,852,868

)

(1,237,739

)

 

 

 

 

7/31/2001

 

Residual Value

 

$

(15,794,162

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legends Total

 

$

-

 

-

 

 

0.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2/12/1997

 

Seaside Resorts Ltd., Inc.
1500 Legends Drive
Myrtle Beach, SC 29578

 

$

16,129,118

 

806,456

 

 

 

57-0729308

 

 

 

 

 

 

 

 

 

 

 

 

 

7/31/2001

 

Redemption at disposition

 

(9,677,472

)

(806,456

)

 

 

 

 

7/31/2001

 

Residual Value

 

(6,451,646

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Seaside Resorts Ltd., Inc. Total

 

$

-

 

-

 

0.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2/12/1997

 

Heritage Golf Club, Ltd., Inc.

1500 Legends Drive

Myrtle Beach, SC 29578

     

$

16,031,230

 

801,561

 

 

 

57-0818596

     

 

 

 

 

 

 

 

 

 

 

 

 

1/6/1999

 

Heritage (conversion)

 

 

 

(11,700

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7/31/2001

 

Redemption at disposition

 

(9,478,332

)

(789,861

)

 

 

 

 

7/31/2001

 

Residual Value

 

(6,552,898

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Heritage Golf Club, Ltd., Inc. Total

 

$

 -

 

-

 

0.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2/12/1997

 

Legends of Virginia L.C.

1500 Legends Drive

Myrtle Beach, SC 29578

  

$

11,963,738

 

598,187

 

 

 

57-1003883

 

 

 

 

 

 

 

 

 

 

 

 

 

4/2/2001

 

Legends (conversion)

 

 

 

(598,187

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7/31/2001

 

Residual Value

 

$

(11,963,738

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legends of Virginia Total

 

$

-

 

-

 

0.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2/12/1997

 

Northgate

16055 Northgate Forest Drive

Houston, TX 77068

 

$

3,797,071

 

189,854

 

 

 

76-0527250

     

 

 

 

 

 

 

 

 

 

 

 

 

5/20/1998

 

Northgate (redemption)

 

$

(158,969

)

(5,000

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1/6/1999

 

Northgate (conversion

 

$

-

 

(30,000

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3/2/2001

 

Northgate (conversion)

 

 

 

(60,581

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Northgate Total

 

$

3,638,102

 

94,273

 

1.17

%

 

 


 

Date Admitted

 

Name and address of partners

 

Value of non-cash capital contribution

 

Partnership units issued

 

Approx. Percentage Interests

 

Federal ID #

 

 

 

 

 

 

 

 

 

 

 

 

 

2/12/1997

 

Olde Atlanta Golf Club Limited Partnership
c/o The Crescent Company
1580 S. Milwaukee Ave., Suite 101 Libertyville, IL 60048

 

$

1,444,926

 

72,246

 

 

 

36 ###-###-####

 

 

 

 

 

 

 

 

 

 

 

 

 

4/13/1998

 

Olde Atlanta (redemption)

 

$

(62,837.60

)

(2,000

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5/20/1998

 

Olde Atlanta (redemption)

 

$

(64,017.60

)

(2,000

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8/21/1998

 

Olde Atlanta (redemption)

 

$

(52,387.50

)

(1,500

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/10/1998

 

Olde Atlanta (redemption)

 

$

(30,166.11

)

(1,150

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1/20/1999

 

Olde Atlanta (redemption)

 

$

(66,078.50

)

(2,500

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4/6/1999

 

Olde Atlanta (conversion)

 

$

-

 

(2,000

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5/1/1999

 

Olde Atlanta (recapitalization)

 

$

683,967

 

30,826

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5/27/1999

 

Olde Atlanta (conversion))

 

 

 

(2,000

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7/15/1999

 

Olde Atlanta (conversion)

 

 

 

(3,500

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1/10/2000

 

Olde Atlanta (conversion)

 

 

 

(3,300

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1/26/2000

 

Olde Atlanta (conversion)

 

 

 

(4,100

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4/28/2000

 

Olde Atlanta (correction from 3/24/99)

 

 

 

2,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8/14/2000

 

Olde Atlanta (conversion)

 

 

 

(10,600

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7/9/2001

 

Redemption at disposition

 

(757,036.50

)

(70,422

)

 

 

 

 

7/9/2001

 

Residual Value

 

(1,096,369.48

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Olde Atlanta Total

 

$

-

 

-

 

0.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2/12/1997

 

Bright's Creek Development Co. LLC
104 Cotton Creek Drive
Gulf Shores, AL  36542

  

$

2,119,005

 

105,950

     

 

 

63-1120089

 

 

 

 

 

 

 

 

 

 

 

 

 

5/1/2001

 

Redemption at disposition

 

(1,271,400

)

(105,950

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5/1/2001

 

Residual Value

 

(847,605

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Woodlands Total

 

$

-

 

-

 

0.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10/31/1996

 

David Dick Joseph

14 North Adger's Wharf

Charleston, SC 29401

 

-

 

12,500

 

0.00

%

###-##-####

 

 

 

 

 

 

 

 

 

 

 

 

 

12/14/1999

 

David Dick Joseph (conversion)

 

 

 

(12,500

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

-

 

 

 

 

 

2/4/1997

 

W. Bradley Blair, II
14 North Adger's Wharf

Charleston, SC 29401

 

$

-

 

12,500

 

0.15

%

###-##-####

 


 

Date Admitted

 

Name and address of partners

 

Value of non-cash capital contribution

 

Partnership units issued

 

Approx. Percentage Interests

 

Federal ID #

 

 

 

 

 

 

 

 

 

 

 

 

 

2/4/1997

 

James Hoppenrath
422 1/2 Marguerite Ave.
Corona Del Mar CA 92625

 

$

-

 

3,750

 

0.00

%

###-##-####

 

 

 

 

 

 

 

 

 

 

 

 

 

1/6/2000

 

James Hoppenrath (conversion)

 

 

 

(3,750

)

 

 

 

 

 

 

 

 

$

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6/20/1997

 

Golf Host Resorts, Inc.
c/o Starwood Capital Group, LP
Three Pickwick Plaza, Suite 250 Greenwich, CT  06830

 

$

-

 

274,039

       

0.00

%

84-0631130

 

 

 

 

 

 

 

 

 

 

 

 

 

3/3/2000

 

Golf Host (conversion)

 

 

 

(274,039

)

 

 

 

 

 

 

 

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9/2/1997

 

John J. Rainieri, Sr.
Betty Rainieri
4350 Mayfair Road
Uniontown, OH 44685

 

$

3,198,168

 

114,237

 

 

 

###-##-#### ###-##-####

 

 

 

 

 

 

 

 

 

 

 

 

 

1/4/2001

 

Redemption at disposition

 

$

(910,632

)

(75,886

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5/16/2001

 

Redemption at disposition

 

$

(460,212

)

(38,351

)

 

 

 

 

5/16/2001

 

Residual Value

 

$

(1,827,324

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rainieri Total-

 

$

-

 

0

 

0.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9/2/1997

 

Raintree Country Club, Inc.
4350 Mayfair Road
Uniontown, OH 44685

 

$

204,138

 

7,292

 

0.00

%

34-1736212

     

 

 

 

 

 

 

 

 

 

 

 

 

1/4/2001

 

Raintree (redemption at disposition)

 

$

(87,504

)

(7,292

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1/4/2001

 

Residual Value
(Value at Issue – Value at Redemption)

 

$

(116,634

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Raintree Country Club, Inc. Total

 

$

-

 

-

 

0.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9/30/1997

 

Eagle Watch Golf Club,
Limited Partnership
c/o E. Neal Trogdon 
The Crescent Company 
1580 South Milwaukee Avenue, Suite 101
Libertyville, IL 60048

 

$

1,890,682

 

70,158

 

 

 

36 ###-###-####

 

 

 

 

 

 

 

 

 

 

 

 

 

11/2/1998

 

Eagle Watch (redemption)

 

$

(64,199.00

)

(2,150

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5/21/1999

 

Eagle Watch  (conversion)

 

 

 

(1,250

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4/28/2000

 

Eagle Watch (correction from 3/24/99)

 

 

 

(2,000

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7/9/2001

 

Redemption at disposition

 

$

(696,148.50

)

(64,758

)

 

 

 

 

7/9/2001

 

Residual Value

 

$

(1,130,334.50

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Eagle Watch Total

 

$

-

 

-

 

0.00

%

 

 

 


 

Date Admitted

 

Name and address of partners

 

Value of non-cash capital contribution

 

Partnership units issued

 

Approx. Percentage Interests

 

Federal ID #

 

 

 

 

 

 

 

 

 

 

 

 

 

10/17/1997

 

Properties of the Country, Inc.
908 N. 2nd Street East
Louisburg, KS 66053

 

$

500,000

 

19,231

 

 

 

48-1157265

 

 

 

 

 

 

 

 

 

 

 

 

 

3/16/2001

 

Redemption at disposition

 

(230,772

)

(19,231

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3/16/2001

 

Residual Value

 

(269,228

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Properties of the Country, Inc. Total

 

$

-

 

-

 

0.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11/25/1997

 

Granite Golf Corporation
1510 N. Hayden Road, Suite 7
Scottsdale, AZ 85260

 

$

650,000

 

24,424

 

 

 

86-0926890

 

 

 

 

 

 

 

 

 

 

 

 

 

7/2/1999

 

Granite Golf (redemption)

 

(200,257

)

(8,393

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

7/27/1999

 

Granite Golf  (redemption)

 

(237,935

)

(10,354

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8/13/1999

 

Granite Golf  (redemption)

 

(125,746

)

(5,677

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8/13/1999

 

Residual Value

(Value at Issue - Value at Redemption)

 

(86,062

)

-

 

0.00

%

 

 

 

 

 

 

$

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/19/1997

 

Stonehenge Golf Development, LLC
90 Mallet Hill Road
Columbia, SC  29223

 

$

4,500,000

 

169,811

 

 

 

56 ###-###-####

 

 

 

 

 

 

 

 

 

 

 

 

 

1/10/2000

 

Stonehenge Golf (conversion)

 

 

 

(50,000

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6/20/2000

 

Stonehenge Golf (conversion)

 

 

 

(25,471

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

4,500,000

 

94,340

 

1.17

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1/16/1998

 

Mystic Creek Golf Club, Limited Partnership
32605 West 12 Mile Road
Suite 350
Farmington Hills, MI 48334

 

$

1,500,000

 

52,724

 

0.65

%

38 ###-###-####

 

 

 

 

 

 

 

 

 

 

 

 

 

2/1/1998

 

Okeechobee Championship Golf, Inc.
2100 Emerald Dunes Drive

West Palm Beach, FL 33411

 

$

6,138,369

 

227,347

(1)

0.11

%

65-0115196

 

 

 

 

 

 

 

 

 

 

 

 

 

9/7/2001

 

Redemption at disposition

 

(2,289,924

)

(218,088

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9/7/2001

 

Residual Value
(Value at Issue - Value at Redemption)

 

(3,598,452

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Okeechobee Championship Golf, Inc. Total

 

$

249,993

 

9,259

 

 

 

 

 

 


(1)           Includes 218,088 Class A Common Units issued with a valuation of $5,888,376 and 9,259 Class B Common OP Units issued with a valuation of $249,993

 


 

Date Admitted

 

Name and address of partners

 

Value of non-cash capital contribution

 

Partnership units issued

 

Approx. Percentage Interests

 

Federal ID #

 

 

 

 

 

 

 

 

 

 

 

 

 

5/22/1998

 

Eagle Ridge Lease Company LLC
16100 N. Greenway-Hayden Loop
Scottsdale, AZ 85260

 

$

1,198,750

 

35,794

 

0.44

%

52 ###-###-####

 

 

 

 

 

 

 

 

 

 

 

 

 

5/28/1998

 

Golf Classic Resorts, LLC
536 South Avenue
Glencoe, IL  60022

 

$

879,995

 

26,357

 

0.00

%

85-0453484

 

 

 

 

 

 

 

 

 

 

 

 

 

11/26/1999

 

Golf Classic Resorts (redemption)

 

$

(199,633

)

(11,577

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/31/1999

 

Golf Classic Resorts (redemption)

 

$

(34,517

)

(2,060

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2/7/2000

 

Golf Classic Resorts (redemption)

 

$

(221,408

)

(12,720

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2/7/2000

 

Residual Value
(Value at Issue - Value at Redemption)

 

$

(424,437

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8/28/1998

 

Osage National Golf Club LLC
900 Hickory Street
St. Louis, MO 63104

 

$

3,451,068

 

124,700

 

 

 

43-1735431

 

 

 

 

 

 

 

 

 

 

 

 

 

6/30/1999

 

Osage (Redemption)

 

$

(1,393,382

)

(58,576

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6/20/2000

 

Osage (Redemption)

 

$

(1,055,101

)

(66,124

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6/20/2000

 

Residual Value
(Value at Issue - Value at Redemption)

 

$

(1,002,585

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

-

 

0.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/14/1998

 

Brentwood  Golf & Country Club, Inc.
4801 Faircourt,
West Bloomfield, MI  48322
PO Box 386,
Union Lake, MI 48387

 

$

650,000

 

24,482

 

0.00

%

38 ###-###-####

 

 

 

 

 

 

 

 

 

 

 

 

 

6/20/2000

 

Brentwood (Redemption)

 

$

(390,645

)

(24,482

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6/20/2000

 

Residual Value

 

$

(259,355

)

 

 

 

 

 

 

 

 

 

 

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12/22/1998

 

Gutta-Percha Golf, Inc.
365 W. California Blvd.  Suite 2
Pasadena, CA  91105

 

$

870,000

 

32,986

 

0.00

%

95 ###-###-####

 

 

 

 

 

 

 

 

 

 

 

 

 

9/5/2000

 

Palm Desert (Redemption)

 

$

(460,785

)

(32,986

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9/5/2000

 

Residual Value

 

$

(409,215

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

-

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2/4/1997

 

GTA LP, Inc.
14 North Adger's Wharf
Charleston, SC 29401

 

$

-

 

7,761,550

 

96.09

%

58 ###-###-####

 

 

 

 

 

 

 

 

 

 

 

 

 

2/4/1997

 

GTA GP, Inc.
14 North Adger's Wharf Charleston, SC 29401

 

$

-

 

16,553

 

0.20

%

58 ###-###-####

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Common OP Units

 

 

 

8,076,993

 

100.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

Series A Preferred OP Units

4/2/1999

 

GTA LP, Inc.

14 North Adger's

Wharf Charleston, SC 29401

 

20,000,000

 

800,000

 

100

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Series B Preferred OP Units

 

5/11/1999

 

Metamora Golf Operating Company, L.L.C.

 c/o Total Golf, Inc.

1303 W. Commerce Drive

Milford, MI  48380

 

295,003

 

10,169

 

 

 

38 ###-###-####

 

 

 

 

 

 

 

 

 

 

 

 

 

9/25/2000

 

Redemption at Disposition

 

(295,003

)

(10,169

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

-

 

0.00

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Series C Preferred OP Units

 

7/28/1999

 

Burning Embers Corporation

801Aaron Smith Drive

Bridgeport, WV  26330

 

1,350,000

 

48,949

 

 

 

55-0720833

 

 

 

 

 

 

 

 

 

 

 

 

 

6/20/2001

 

Redemption (foreclosure on collateral)

 

(1,350,000

)

(48,949

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

-

 

-

 

0.00

%