Schedule of Partners, Allocation of Partnership Units, Percentage Interests, and Agreed Value of Non-Cash Capital Contributions
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.
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. |
| $ | 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. |
| $ | 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 |
| $ | 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 |
| $ | 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 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 |
| $ | - |
| 3,750 |
| 0.00 | % | ###-##-#### |
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
1/6/2000 |
| James Hoppenrath (conversion) |
|
|
| (3,750 | ) |
|
|
|
| |||
|
|
|
| $ | - |
| - |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
6/20/1997 |
| Golf Host Resorts, Inc. |
| $ | - |
| 274,039 |
| 0.00 | % | 84-0631130 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
3/3/2000 |
| Golf Host (conversion) |
|
|
| (274,039 | ) |
|
|
|
| |||
|
|
|
|
|
| - |
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
| |||
9/2/1997 |
| John J. Rainieri, Sr. |
| $ | 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. |
| $ | 204,138 |
| 7,292 |
| 0.00 | % | 34-1736212 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
1/4/2001 |
| Raintree (redemption at disposition) |
| $ | (87,504 | ) | (7,292 | ) |
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
1/4/2001 |
| Residual Value |
| $ | (116,634 | ) |
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
|
| Raintree Country Club, Inc. Total |
| $ | - |
| - |
| 0.00 | % |
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
9/30/1997 |
| Eagle Watch Golf Club, |
| $ | 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. |
| $ | 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 |
| $ | 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 |
| $ | 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 |
| $ | 1,500,000 |
| 52,724 |
| 0.65 | % | 38 ###-###-#### |
|
|
|
|
|
|
|
|
|
|
|
|
| |
2/1/1998 |
| Okeechobee Championship Golf, Inc. 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 |
| (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 |
| $ | 1,198,750 |
| 35,794 |
| 0.44 | % | 52 ###-###-#### |
| ||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
5/28/1998 |
| Golf Classic Resorts, LLC |
| $ | 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 | ) |
|
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| ||||
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2/7/2000 |
| Golf Classic Resorts (redemption) |
| $ | (221,408 | ) | (12,720 | ) |
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2/7/2000 |
| Residual Value |
| $ | (424,437 | ) |
|
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|
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| ||||
|
|
|
|
|
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|
|
|
|
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| |||||
|
|
|
| - |
| - |
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| |||||
8/28/1998 |
| Osage National Golf Club LLC |
| $ | 3,451,068 |
| 124,700 |
|
|
| 43-1735431 |
| ||||
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| |||||
6/30/1999 |
| Osage (Redemption) |
| $ | (1,393,382 | ) | (58,576 | ) |
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6/20/2000 |
| Osage (Redemption) |
| $ | (1,055,101 | ) | (66,124 | ) |
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| ||||
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|
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| |||||
6/20/2000 |
| Residual Value |
| $ | (1,002,585 | ) |
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
| - |
| - |
| 0.00 | % |
|
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
12/14/1998 |
| Brentwood Golf & Country Club, Inc. |
| $ | 650,000 |
| 24,482 |
| 0.00 | % | 38 ###-###-#### |
| ||||
|
|
|
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|
|
|
|
| |||||
6/20/2000 |
| Brentwood (Redemption) |
| $ | (390,645 | ) | (24,482 | ) |
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
6/20/2000 |
| Residual Value |
| $ | (259,355 | ) |
|
|
|
|
|
| ||||
|
|
|
| - |
| - |
|
|
|
|
| |||||
|
|
|
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|
|
|
|
|
|
|
| |||||
12/22/1998 |
| Gutta-Percha Golf, Inc. |
| $ | 870,000 |
| 32,986 |
| 0.00 | % | 95 ###-###-#### |
| ||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
9/5/2000 |
| Palm Desert (Redemption) |
| $ | (460,785 | ) | (32,986 | ) |
|
|
|
| ||||
|
|
|
|
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|
|
|
|
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| |||||
9/5/2000 |
| Residual Value |
| $ | (409,215 | ) |
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
|
|
|
| $ | - |
| - |
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
2/4/1997 |
| GTA LP, Inc. |
| $ | - |
| 7,761,550 |
| 96.09 | % | 58 ###-###-#### |
| ||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
2/4/1997 |
| GTA GP, Inc. |
| $ | - |
| 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 | % |
|
| |||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||