Exhibit 3.2(aa)
FIRST AMENDMENT
TO AGREEMENT OF LIMITED PARTNERSHIP OF
XXXXXX XXXXX ORLANDO LIMITED PARTNERSHIP
THIS FIRST AMENDMENT TO AGREEMENT OF LIMITED PARTNERSHIP OF XXXXXX XXXXX
ORLANDO LIMITED PARTNERSHIP (this "Amendment") is made and entered into by and
among XXXXXX XXXXX FLORIDA L.L.C., a Nevada limited liability company "Ashton
FL"), ELLY NEVADA, INC., a Nevada corporation ("Elly NV"), XXXXXX NEVADA, INC.,
a Nevada corporation ("Xxxxxx NV"), XXXXX NEVADA, INC., a Nevada corporation
Xxxxx NV"), XXXXX NEVADA, INC., a Nevada corporation ("Xxxxx NV"), XXXXX NEVADA,
INC., a Nevada corporation ("Xxxxx NV"), SEYMOUR NEVADA, INC., a Nevada
corporation ("Seymour NV"), HAYDN NEVADA, INC., a Nevada corporation ("Haydn
NV"), XXXXX-XXXXX ENTERPRISES, INC., a Florida corporation ("Grant"), R. A.
INVESTMENT HOLDINGS, INC., a Florida corporation ("RA"), and XXXXXX XXXXX USA
L.L.C, a Nevada limited liability company ("Ashton USA").
RECITALS:
X. Xxxxxx FL, Elly NV, Xxxxxx NV, Xxxxx NV, Xxxxx NV, Xxxxx NV, Xxxxxxx NV,
Haydn NV, Grant, and RA have heretofore entered into a Limited Partnership
Agreement of Xxxxxx Xxxxx Orlando Limited Partnership (the "Agreement") dated as
of December 28, 1997, creating Xxxxxx Xxxxx Orlando Limited Partnership, a
Florida limited partnership (the "Company").
B. As permitted by the Agreement, Elly NV, Xxxxxx NV, Xxxxx NV, Xxxxx NV,
Xxxxx NV, Xxxxxxx NV, and Haydn NV transferred all of their right, title, and
interest in and to the Company to Ashton USA.
C. The parties hereto desire to amend the Agreement to reflect the
transfers described above and provide for the admission of Ashton USA as a
limited partner of the Company.
D. Capitalized terms, not specifically defined in this Amendment, shall
have the meanings given such terms in the Agreement.
NOW, THEREFORE, for and in consideration of the premises and the respective
agreements set forth herein, the parties hereto agree as follows:
1. The transfers described in Recital B above are hereby approved.
2. Ashton USA is hereby admitted as a limited partner of the Company and
the parties hereto recognize that Elly NV, Xxxxxx NV, Xxxxx NV, Xxxxx NV, Xxxxx
NV, Xxxxxxx NV, and Haydn NV, have withdrawn as limited partners of the Company.
The only limited partners of the Company are Xxxxx, XX, and Ashton USA.
3. The Partnership Interests of the Partners set forth on Exhibit "A" to
the Agreement shall be as follows:
Partners Partnership Interest
-------- --------------------
Xxxxxx Xxxxx Florida L.L.C./General Partner 1%
Xxxxxx Xxxxx USA L.L.C./Limited Partner 74%
Xxxxx-Xxxxx Enterprises, Inc./Limited Partner 12.5%
R.A. Investment Holdings, Inc./Limited Partner 12.5%
4. Any and all notices, demands, requests, or other communications
permitted or required to be given to Ashton USA pursuant to the Agreement shall
be delivered to Ashton USA in the manner provided in the Agreement, at the
following address:
000 Xxxxxxx Xxxx
Xxx Xxxxx, Xxxxxxx X0X 0X0 Xxxxxx
5. By execution of this Amendment, Ashton USA agrees to be bound by the
terms and provisions of the Agreement, as amended hereby.
6. Except as amended hereby, the terms and provisions of the Agreement
shall remain unchanged and shall continue in full force and effect.
EXECUTED as of May 31, 1999.
GENERAL PARTNER:
XXXXXX XXXXX FLORIDA L.L.C.,
a Nevada limited liability company
By: /s/ Xxxxx Xxxxxxx
------------------------------------
Xxxxx Xxxxxxx - Managing Member
By: /s/ Xxxxxxx Xxxxx
------------------------------------
Xxxxxxx Xxxxx - Managing Member
By: /s/ Xxxxx Xxxxxxxxx
------------------------------------
Xxxxx Xxxxxxxxx - Managing Member
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LIMITED PARTNERS:
XXXXXX XXXXX USA L.L.C.,
a Nevada limited liability company
By: /s/ Xxxxx Xxxxxxx
------------------------------------
Xxxxx Xxxxxxx - Managing Member
By: /s/ Xxxxxxx Xxxxx
------------------------------------
Xxxxxxx Xxxxx - Managing Member
By: /s/ Xxxxx Xxxxxxxxx
------------------------------------
Xxxxx Xxxxxxxxx - Managing Member
XXXXX-XXXXX ENTERPRISES, INC.,
a Florida corporation
By: /s/ XXXXXXXX X. XXXXX
------------------------------------
Name: XXXXXXXX X. XXXXX
Title: Director
R.A. INVESTMENT HOLDINGS, INC.,
a Florida corporation
By: /s/ Xxxxxxx Xxxxx
------------------------------------
Name: Xxxxxxx Xxxxx
Title: President
WITHDRAWING LIMITED PARTNERS:
ELLY NEVADA, INC.,
a Nevada corporation
By: /s/ Xxxx Xxxxxxx
------------------------------------
Xxxx Xxxxxxx - President
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XXXXXX NEVADA, INC.,
a Nevada corporation
By: /s/ Xxxxxx Xxxxxxx
------------------------------------
Xxxxxx Xxxxxxx, President
XXXXX NEVADA, INC.,
a Nevada corporation
By: /s/ Xxxxx Xxxxxxx
------------------------------------
Xxxxx Xxxxxxx, President
XXXXX NEVADA, INC.,
a Nevada corporation
By: /s/ Xxxxx Xxxxxxx
------------------------------------
Xxxxx Xxxxxxx, President
XXXXX NEVADA, INC.,
a Nevada corporation
By: /s/ Xxxxx Xxxxxxxxx
------------------------------------
Xxxxx Xxxxxxxxx, President
SEYMOUR NEVADA, INC.,
a Nevada corporation
By: /s/ Xxxxxxx Xxxxx
------------------------------------
Xxxxxxx Xxxxx, President
HAYDN NEVADA, INC.,
a Nevada corporation
By: /s/ Xxxxx Xxxxxxxx
------------------------------------
Xxxxx Xxxxxxxx, President
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