SIXTH AMENDMENT TO SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF GGP LIMITED PARTNERSHIP
Exhibit 10.8
SIXTH AMENDMENT
TO
SECOND AMENDED AND RESTATED
AGREEMENT OF LIMITED PARTNERSHIP
OF
GGP LIMITED PARTNERSHIP
THIS AMENDMENT (the “Amendment”) is made and entered into as of November 20, 2003, by and among the undersigned parties.
WHEREAS, a Delaware limited partnership known as GGP Limited Partnership (the “Partnership”) exists pursuant to that certain Second Amended and Restated Agreement of Limited Partnership of GGP Limited Partnership dated as of April 1, 1998, as amended (the “Second Restated Partnership Agreement”), and the Delaware Revised Uniform Limited Partnership Act;
(a) The definition of “Common Stock” set forth in Section 1.1 of the Second Restated Partnership Agreement is hereby deleted in its entirety and the following is hereby inserted in its place and stead:
‘“Common Stock’ shall mean the shares of common stock of the General Partner.”
(b) The definition of “Closing Price” set forth in Section 1.1 of the Second Restated Partnership Agreement is hereby deleted in its entirety and the following is hereby inserted in its place and stead:
‘“Closing Price’ on any day shall mean the average of the intra-day high and low for such day as reported in the principal consolidated transaction reporting system with respect to securities listed or admitted to trading on the New York Stock Exchange or, if the Common Stock is not listed or admitted to trading on the New York Stock Exchange, as reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national securities exchange on which the Common Stock is listed or admitted to trading or, if the Common Stock is not listed or admitted to trading on any national securities exchange, the last quoted price, or if not so quoted, the average of the high bid and low asked prices in the over-the-counter market, as reported by the National Association of Securities Dealers, Inc. Automated Quotations System or, if such system is no longer in use, the principal other automated quotations system that may then be in use or, if the Common Stock is not quoted by any such organization, the average of the closing bid and asked prices as furnished by a professional market maker making a market in the Common Stock as such person is selected from time to time by the Board of Directors of the General Partner.”
(c) The definition of “Current Per Share Market Price” set forth in Section 1.1 of the Second Restated Partnership Agreement is hereby deleted in its entirety and the following is hereby inserted in its place and stead:
‘“Current Per Share Market Price’ shall mean, as of any date, the average of the Closing Price for the five consecutive Trading Days ending on such date or the average of the Closing Price for any other period of Trading Days that the General Partner deems appropriate with respect to any transaction or other event for which “Current Per Share Market Price” is determined (other than a redemption pursuant to any Rights Agreement unless otherwise provided therein); provided, however, that the Closing Price for any Trading Day or Trading Days that are included in any calculation of Current Per Share Market Price shall be adjusted to take into account any stock split, dividend, subdivision, combination and the like if General Partner deems such adjustment to be appropriate).”
(d) The definition of “Rights Agreements” set forth in Section 1.1 of the Second Restated Partnership Agreement is hereby deleted in its entirety and the following is hereby inserted in its place and stead:
‘“Rights Agreements’ shall mean the Bucksbaum Rights Agreement and those certain Redemption Rights Agreements entered into before, on or after the date hereof by the Partnership, the General Partner and certain other Persons in connection with the issuance of Units to such other Persons, as the same may be amended from time to time.”
6. AMENDMENT TO SECTION 13.12 Section 13.12 of the Second Restated Partnership Agreement is hereby deleted in its entirety and the following is hereby inserted in its place and stead:
to holders of certificates or other Persons that it would not have had if it had not issued such certificates, and (d) only those Persons shown on the Partnership’s book and records as the registered owner of any particular Unit shall have any rights as a Limited Partner or otherwise with respect thereto.”
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
GENERAL PARTNER:
GENERAL GROWTH PROPERTIES, INC.,
a Delaware corporation
By: |
/s/ Xxxxxxx Xxxxxxxx |
|
|
Xxxxxxx Xxxxxxxx, Executive Vice President |
|
LIMITED PARTNERS:
M.B. CAPITAL PARTNERS III, a South
Dakota general partnership
By: |
GENERAL TRUST COMPANY, not |
|
|
individually but solely as Trustee |
|
|
of Xxxxxx Investment Trust G, a partner |
|
|
By: |
/s/ Xxxxxxxx X. Xxxxxxxxx |
|
|
|
Xxxxxxxx X. Xxxxxxxxx, President |
|
EXHIBIT A
TO THE
SECOND AMENDED AND RESTATED
AGREEMENT OF LIMITED PARTNERSHIP
OF
GGP LIMITED PARTNERSHIP
PARTNERS
See attached.
EXHIBIT A
|
|
|
|
|
|
NUMBER OF |
|
NUMBER OF |
|
NUMBER OF |
|
|
|
NUMBER OF |
|
PERCENTAGE |
|
SERIES A |
|
SERIES B |
|
SERIES C |
|
|
|
COMMON UNITS |
|
INTEREST |
|
PREFERRED UNITS |
|
PREFERRED UNITS |
|
PREFERRED UNITS |
|
General Partner: |
|
|
|
|
|
|
|
|
|
|
|
General Growth Properties, Inc. |
|
216,208,419.5826 |
|
79.3788 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Limited Partners: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
M.B. Capital Partners III |
|
46,690,280.8905 |
|
17.1419 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxxx Xxxxxxxx Revocable Trust |
|
449,119.1814 |
|
0.1649 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxx X. Xxxxxxxx |
|
172,860.0000 |
|
0.0635 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
LWLDA Limited Partnership |
|
135,669.0000 |
|
0.0498 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxx X. Xxxxxxx |
|
172,860.0000 |
|
0.0635 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
GDC/A&B Limited Partnership |
|
135,669.0000 |
|
0.0498 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxx X. Xxxxx |
|
75,000.0000 |
|
0.0275 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxxxx X. Xxxxx |
|
52,941.0000 |
|
0.0194 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxxx X.X. Xxxx |
|
87,072.0000 |
|
0.0320 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
The Xxxx Family Limited Partnership |
|
66,924.0000 |
|
0.0246 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxx Xxxxxx, Xx. |
|
234,051.0000 |
|
0.0859 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxx Xxxxxx and Xxxxx Xxxxxx, Husband and Wife, as Tenants-by-the Entirety |
|
47,566.5000 |
|
0.0175 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Joint Revocable Trust of Xxxxxx Xxxxxxx and Xxxx Xxxxxxx |
|
47,566.5000 |
|
0.0175 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxx Xxxxxxx and Xxxx Xxxxxxx, Husband and Wife, as Tenants-by-the Entirety |
|
167,010.0000 |
|
0.0613 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Joint Revocable Trust of Xxxxxx and Xxxxx Xxxxxx |
|
55,671.0000 |
|
0.0204 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Irrevocable Trust of Xxxxxx Xxxxxx dated January 24, 1978 F/B/O Xxxxx Xxxxxx |
|
55,671.0000 |
|
0.0204 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Irrevocable Trust of Xxxxxx Xxxxxx dated January 24, 1978 F/B/O Xxxxxxxx Xxxxxx |
|
55,671.0000 |
|
0.0204 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxx Xxxxxx |
|
1,789,587.0000 |
|
0.6570 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
The Xxxxxxx Group |
|
346,797.0000 |
|
0.1273 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxx Xxxx |
|
173,397.0000 |
|
0.0637 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxx Xxxxxx |
|
173,397.0000 |
|
0.0637 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
G. Xxxxxx Xxxx |
|
17,781.0000 |
|
0.0065 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxxx Xxxxx |
|
44,454.0000 |
|
0.0163 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxx X. Xxxxxx |
|
31,818.7500 |
|
0.0117 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxx X. Xxxxx |
|
53,031.0000 |
|
0.0195 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxx X. Rather |
|
108,606.0000 |
|
0.0399 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxx X. Xxxxxx, Xx. |
|
104,046.0000 |
|
0.0382 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxxx X. Xxxxxxxx, Xx. |
|
10,605.0000 |
|
0.0039 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
MP, Ltd. |
|
163,440.0000 |
|
0.0600 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxx X. Xxxxxxxxx |
|
1,556,499.0000 |
|
0.5715 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxx Xxxxxxxxx |
|
65,838.0000 |
|
0.0242 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxx Xxxxxx |
|
8,190.0000 |
|
0.0030 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxx Xxxxxxxx |
|
32,748.0000 |
|
0.0120 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxx X. May |
|
16,572.0000 |
|
0.0061 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
EXHIBIT A
|
|
|
|
|
|
NUMBER OF |
|
NUMBER OF |
|
NUMBER OF |
|
|
|
NUMBER OF |
|
PERCENTAGE |
|
SERIES A |
|
SERIES B |
|
SERIES C |
|
|
|
COMMON UNITS |
|
INTEREST |
|
PREFERRED UNITS |
|
PREFERRED UNITS |
|
PREFERRED UNITS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Xxxxxx Xxxxxxx |
|
162,063.0000 |
|
0.0595 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxx Xxxxxxx |
|
97,278.0000 |
|
0.0357 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxxx Xxxxxxxxx |
|
73,980.0000 |
|
0.0272 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Lindsay Faith May Trust, Xxx X. Xxxxxxxxxxxx Tustee |
|
48,639.0000 |
|
0.0179 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxx Xxxxxxx |
|
162,063.0000 |
|
0.0595 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxx Xxx |
|
8,286.0000 |
|
0.0030 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxxxx May Trust, Xxx X. Xxxxxxxxxxxx Trustee |
|
48,639.0000 |
|
0.0179 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxx Xxxxxxxxxx |
|
197,286.0000 |
|
0.0724 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxx Xxxxxxxxxx |
|
98,643.0000 |
|
0.0362 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxx X. Xxxxx |
|
7,500.0000 |
|
0.0028 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxx X. Xxxxxx, Xx. |
|
11,025.0000 |
|
0.0040 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxxx X. Xxxxx (Xxxxxx) Trust |
|
12,036.0000 |
|
0.0044 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxxxx Xxxxxx |
|
13,500.0000 |
|
0.0050 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
The Grandchildren’s Trust, Xxxxxxx X. Xxxxxxxxx Trustee |
|
65,754.0000 |
|
0.0241 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
X’Xxxxxx Realty Investors II, L.P. |
|
34,224.0000 |
|
0.0126 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
X.X. X’Xxxxxx & Co., Incorporated |
|
47,661.0000 |
|
0.0175 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
X’Xxxxxx Associates L.P. |
|
1,134,822.0000 |
|
0.4166 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Estate of Xxxxxx X. XxXxxxxxx |
|
84,381.0000 |
|
0.0310 |
|
|
|
|
|
|
|
Xxxxx X. Xxxxxxx |
|
66,138.0000 |
|
0.0243 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
B.C.O.P. Associates L.P. |
|
78,174.0000 |
|
0.0287 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
CMS/Valley Forge Real Estate Opportunity Fund, L.P. |
|
22,557.0000 |
|
0.0083 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxx X. Xxxxxx, Xx. |
|
235,206.0000 |
|
0.0864 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxx X. Xxxxx |
|
32,181.0000 |
|
0.0118 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxx X. Xxxxx |
|
17,466.0000 |
|
0.0064 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxx X. Xxxxx |
|
4,599.0000 |
|
0.0017 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxx X. Xxxxx, Trustee
for the X. Xxxxxxx |
|
921.0000 |
|
0.0003 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Xxxxx
X. Xxxxx, Trustee for the X. Xxxxxxx |
|
924.0000 |
|
0.0003 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxx
X. Xxxxx, Trustee for the X. Xxxxxxx |
|
921.0000 |
|
0.0003 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxx
X. Xxxxx, Trustee for the X. Xxxxxxx |
|
924.0000 |
|
0.0003 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Xxxxx
X. Xxxxx, Trustee for the X. Xxxxxxx |
|
924.0000 |
|
0.0003 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
Cache Valley Mall Partnership, Ltd. |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
165,224.4840 |
|
0.0000 |
|
Xxxxx Xxxxxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
18,510.1200 |
|
0.0000 |
|
Xxxx Xxxxxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
399.3300 |
|
0.0000 |
|
Xxxxx Xxxxxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
799.1820 |
|
0.0000 |
|
Xxxxxxx Xxxxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
1,370.2500 |
|
0.0000 |
|
Fairfax Holding, LLC |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
926,920.0980 |
|
0.0000 |
|
G. Xxx Xxxxxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
16,576.6320 |
|
0.0000 |
|
Xxxxxxx Xxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
8,044.5420 |
|
0.0000 |
|
Hall Investment Company |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
13,016.0700 |
|
0.0000 |
|
Xxxxxxx Xxxxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
2,663.2440 |
|
0.0000 |
|
EXHIBIT A
|
|
|
|
|
|
NUMBER OF |
|
NUMBER OF |
|
NUMBER OF |
|
|
|
NUMBER OF |
|
PERCENTAGE |
|
SERIES A |
|
SERIES B |
|
SERIES C |
|
|
|
COMMON UNITS |
|
INTEREST |
|
PREFERRED UNITS |
|
PREFERRED UNITS |
|
PREFERRED UNITS |
|
|
|
|
|
|
|
|
|
|
|
|
|
King American Hospital, Ltd. |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
26,485.7580 |
|
0.0000 |
|
Xxxxxxxx Xxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
8,465.7960 |
|
0.0000 |
|
Xxxxxx X. Xxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
3,392.4780 |
|
0.0000 |
|
Xxxx X. Xxxxxxxxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
3,751.6140 |
|
0.0000 |
|
Xxx Xxxxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
1,717.9020 |
|
0.0000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
North Plains Development Company, Ltd. |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
9,935.2260 |
|
0.0000 |
|
Xxxxx Xxxxxx Xxxx Company, Ltd. |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
917.6760 |
|
0.0000 |
|
Xxxx X. Xxxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
2,174.6520 |
|
0.0000 |
|
Xxxxxx X. Xxxxxxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
10,428.5160 |
|
0.0000 |
|
Xxxx Xxxxx Xxxx Company, Ltd. |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
2,701.8720 |
|
0.0000 |
|
Price Fremont Company, Ltd. |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
82,364.8140 |
|
0.0000 |
|
Xxxxxx Xxxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
226.0260 |
|
0.0000 |
|
Xxxx Xxxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
766.2960 |
|
0.0000 |
|
Xxxxxx Xxxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
1,446.9840 |
|
0.0000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Red Cliffs Mall Investment Company, Ltd. |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
76,910.9580 |
|
0.0000 |
|
Taycor, Ltd. |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
17,226.0000 |
|
0.0000 |
|
Xxxxxxxx Xxxxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
226.0260 |
|
0.0000 |
|
Xxxxx Xxxxxxxx |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
18,510.1200 |
|
0.0000 |
|
Xxxx Xxxxxxx as Trustee of the Xxxx Xxxxxxx Revocable Trust |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
5,220.0000 |
|
0.0000 |
|
JSG, LLC |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
0.0000 |
|
822,626.0284 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Units: |
|
272,375,543.4045 |
|
100.0000 |
|
0.0000 |
|
1,426,392.6660 |
|
822,626.0284 |
|