Schedule of Partners, Allocation of Partnership Units, and Agreed Value of Non-Cash Capital Contributions (Various Golf Entities)
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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 subsequent changes such as redemptions, conversions, and residual values for each partner. The schedule covers various golf-related entities and individuals, showing how their interests and contributions changed over time. The document is primarily informational and does not impose ongoing obligations but records the historical allocation and changes in partnership interests.
EX-10.1-4 4 a2105453zex-10_14.htm EXHIBIT 10.1.4
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SCHEDULE OF PARTNERS, ALLOCATION OF PARTNERSHIP UNITS, PERCENTAGE INTERESTS AND THE AGREED UPON VALUE OF NON-CASH CAPITAL CONTRIBUTIONS
Exhibit A
SCHEDULE OF PARTNERS, ALLOCATION OF PARTNERSHIP UNITS, PERCENTAGE INTERESTS AND THE AGREED UPON VALUE OF NON-CASH CAPITAL CONTRIBUTIONS
Exhibit A
SCHEDULE OF PARTNERS, ALLOCATION OF PARTNERSHIP UNITS, PERCENTAGE INTERESTS AND THE AGREED UPON VALUE OF NON-CASH CAPITAL CONTRIBUTIONS
Exhibit A
SCHEDULE OF PARTNERS, ALLOCATION OF PARTNERSHIP UNITS, PERCENTAGE INTERESTS AND THE AGREED UPON VALUE OF NON-CASH CAPITAL CONTRIBUTIONS
Exhibit A
SCHEDULE OF PARTNERS, ALLOCATION OF PARTNERSHIP UNITS, PERCENTAGE INTERESTS AND THE AGREED UPON VALUE OF NON-CASH CAPITAL CONTRIBUTIONS
Exhibit A
SCHEDULE OF PARTNERS, ALLOCATION OF PARTNERSHIP UNITS, PERCENTAGE INTERESTS AND THE AGREED UPON VALUE OF NON-CASH CAPITAL CONTRIBUTIONS
QuickLinks -- Click here to rapidly navigate through this document
Exhibit 10.1.4
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. P.O. Box 2038 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 | ) | ||||||||
| Golf Legends Ltd., Inc. 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 | ) | 0.00 | % | ||||||
| Legends of Virginia L.C. Total | $ | — | — | ||||||||
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 | ) | ||||||||
| 3/26/2002 | Northgate (redemption) | (534,999 | ) | (94,273 | ) | ||||||
| 3/26/2002 | Residual Value | (3,103,103 | ) | ||||||||
| Northgate Total | $ | — | 0 | 0.00 | % | ||||||
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 | 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) | (62,838 | ) | (2,000 | ) | ||||||
| 5/20/1998 | Olde Atlanta (redemption) | (64,018 | ) | (2,000 | ) | ||||||
| 8/21/1998 | Olde Atlanta (redemption) | (52,388 | ) | (1,500 | ) | ||||||
| 12/10/1998 | Olde Atlanta (redemption) | (30,166 | ) | (1,150 | ) | ||||||
| 1/20/1999 | Olde Atlanta (redemption) | (66,079 | ) | (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 | (757,037 | ) | (70,422 | ) | ||||||
| 7/9/2001 | Residual Value | (1,096,369 | ) | ||||||||
| 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 | ) | ||||||||
Bright's Creek Development Co. LLC 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 | ) | ||||||||
| David Dick Joseph Total | $ | — | — | — | |||||||
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 # | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2/4/1997 | W. Bradley Blair, II 14 North Adger's Wharf Charleston, SC 29401 | $ | — | 12,500 | 0.00 | % | |||||
| 12/31/2002 | W. Bradley Blair, II (conversion) | (12,500 | ) | ||||||||
| W. Bradley Blair, II Total | $ | — | — | ||||||||
2/4/1997 | James Hoppenrath 4221/2 Marguerite Ave. Corona Del Mar CA 92625 | $ | — | 3,750 | 0.00 | % | ###-##-#### | ||||
| 1/6/2000 | James Hoppenrath (conversion) | (3,750 | ) | ||||||||
| James Hoppenrath Total | $ | — | — | ||||||||
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 | ) | ||||||||
| Golf Host Resorts, Inc. Total | $ | — | — | ||||||||
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 | ) | ||||||||
| John J. Rainieri, Sr. 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 | % | ||||||
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 # | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | ) | (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 | (696,149 | ) | (64,758 | ) | ||||||
| 7/9/2001 | Residual Value | (1,130,335 | ) | ||||||||
| Eagle Watch Total | $ | — | — | 0.00 | % | ||||||
10/17/1997 | Properties of the Country, Inc. 102 West Crestview Circle, Suite 100 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 | (86,062 | ) | ||||||||
| (Value at Issue—Value at Redemption) | — | — | 0.00 | % | |||||||
| Granite Golf Corporation Total | $ | — | — | ||||||||
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 | ) | ||||||||
| 3/26/2002 | Stonehenge Golf (conversion) | (94,340 | ) | ||||||||
| 8/13/1999 | Equity Reclass | (4,500,000 | ) | ||||||||
| Stonehenge Golf Development, LLC Total | $ | — | — | 0.00 | % | ||||||
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 # | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1/16/1998 | Mystic Creek Golf Club, Limited Partnership 1303 West Commerce Road Milford, MI 48380 | $ | 1,500,000 | 52,724 | 0.00 | % | 38 ###-###-#### | ||||
| 9/20/2002 | Mystic Creek (redemption) | (91,792 | ) | (52,724 | ) | ||||||
| 9/20/2002 | Residual Value (Value at Issue—Value at Redemption) | (1,408,208 | ) | ||||||||
| Mystic Creek Golf Club Total | $ | — | — | ||||||||
2/1/1998 | Okeechobee Championship Golf, Inc. 2100 Emerald Dunes Drive West Palm Beach, FL 33411 | $ | 6,138,369 | 227,347 | (1) | 0.00 | % | 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 | ) | ||||||||
| 9/10/2002 | Cancelled | — | (9,259 | ) | |||||||
| 9/10/2002 | Residual Value (Value at Issue—Value at Redemption) | (249,993 | ) | ||||||||
| Okeechobee Championship Golf, Inc. Total | $ | — | — | ||||||||
- (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 | 0.45 | % | 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 | ) | ||||||||
| Golf Classic Resorts, LLC Total | $ | — | — | ||||||||
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 | ) | ||||||||
| Osage National Golf Club LLC Total | $ | — | — | 0.00 | % | ||||||
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 # | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | ) | ||||||||
| Brentwood Golf & Country Club, Inc. Total | $ | — | — | ||||||||
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 | ) | ||||||||
| Gutta-Percha Golf, Inc. Total | $ | — | — | ||||||||
2/4/1997 | GTA LP, Inc. 14 North Adger's Wharf Charleston, SC 29401 | $ | — | 7,868,789 | 99.34 | % | 58 ###-###-#### | ||||
| 2/4/1997 | GTA GP, Inc. 14 North Adger's Wharf Charleston, SC 29401 | $ | — | 16,154 | 0.20 | % | 58 ###-###-#### | ||||
Total Common OP Units | 7,920,737 | 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 | ) | ||||||
| Metamora Golf Operating Company, L.L.C. | $ | — | — | 0.00 | % | ||||||
Series C Preferred OP Units | |||||||||||
| 7/28/1999 | Burning Embers Corporation 801Aaron Smith Drive Bridgeport, WV 26330 | $ | 1,350,000.00 | 48,949 | 55-0720833 | ||||||
| 6/20/2001 | Redemption (foreclosure on collateral) | (1,350,000 | ) | (48,949 | ) | ||||||
| Burning Embers Corporation Total | $ | — | — | 0.00 | % | ||||||
QuickLinks
- Exhibit 10.1.4
SCHEDULE OF PARTNERS, ALLOCATION OF PARTNERSHIP UNITS, PERCENTAGE INTERESTS AND THE AGREED UPON VALUE OF NON-CASH CAPITAL CONTRIBUTIONS
Exhibit A
SCHEDULE OF PARTNERS, ALLOCATION OF PARTNERSHIP UNITS, PERCENTAGE INTERESTS AND THE AGREED UPON VALUE OF NON-CASH CAPITAL CONTRIBUTIONS
Exhibit A
SCHEDULE OF PARTNERS, ALLOCATION OF PARTNERSHIP UNITS, PERCENTAGE INTERESTS AND THE AGREED UPON VALUE OF NON-CASH CAPITAL CONTRIBUTIONS
Exhibit A
SCHEDULE OF PARTNERS, ALLOCATION OF PARTNERSHIP UNITS, PERCENTAGE INTERESTS AND THE AGREED UPON VALUE OF NON-CASH CAPITAL CONTRIBUTIONS
Exhibit A
SCHEDULE OF PARTNERS, ALLOCATION OF PARTNERSHIP UNITS, PERCENTAGE INTERESTS AND THE AGREED UPON VALUE OF NON-CASH CAPITAL CONTRIBUTIONS
Exhibit A
SCHEDULE OF PARTNERS, ALLOCATION OF PARTNERSHIP UNITS, PERCENTAGE INTERESTS AND THE AGREED UPON VALUE OF NON-CASH CAPITAL CONTRIBUTIONS
