EXHIBIT 10.18
FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED
AGREEMENT OF LIMITED PARTNERSHIP OF
PRICE DEVELOPMENT COMPANY, LIMITED PARTNERSHIP
The undersigned, being the sole general partner of Price Development
Company, Limited Partnership (the "Partnership"), a limited partnership
formed under the Maryland Revised Uniform Limited Partnership Act and
pursuant to the terms of that certain Second Amended and Restated Agreement
of Limited Partnership, dated July 15, 1999 (the "Partnership Agreement"),
does hereby amend the Partnership Agreement as follows:
1. EXHIBIT OF PARTNERS AND PARTNERSHIP INTERESTS. EXHIBIT A to the
Partnership Agreement is hereby deleted in its entirety and replaced by
EXHIBIT A hereto which identifies, as December 31, 1999, each Partner of
the Partnership, the number of Partnership Units held by such Partner and
such Partner's respective Percentage Interest in the Partnership.
2. RATIFICATION. Except as expressly modified by this Fourth
Amendment, all of the provisions of the Partnership Agreement are affirmed
and ratified and remain in full force and effect.
Capitalized terms used but not defined in this Fourth Amendment shall
have the same meanings that are ascribed to them in the Partnership
Agreement.
Dated: March 10, 2000
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JP Realty, Inc.,
as General Partner
By: /s/ G. Xxx Xxxxxxx
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Name: G. Xxx Xxxxxxx
Title: President
EXHIBIT A
PARTNERS AND PARTNERSHIP INTERESTS
Partnership Percentage
Name of Partner Units Interest
---------------------------------------- --------------------- ----------------------
GENERAL PARTNER
JP Realty, Inc.
00 Xxxxxxx Xxxx-Xxx
Xxxx Xxxx Xxxx, Xxxx 00000 16,825,665 82.229410%
LIMITED PARTNERS
Boise Mall Investment Company, Ltd. 824,411 4.02901%
Xxxxx, Xxxx 125 0.00061%
Xxxxx, Xxxxx 320 0.00156%
Cache Valley Mall Partnership, Ltd. 328,813 1.60696%
Xxxxxxxx, Xxxxx 100 0.00049%
Xxxxxxx, Xxx 100 0.00049%
Xxxxxxx, Xxxxx 35,460 0.17330%
Xxxxxxx, Xxxx 765 0.00374%
Xxxxxxx, Xxxxx 1,531 0.00748%
Xxxxxx, Xxxx 24 0.00012%
Xxxxxx, Xxxxxxx 125 0.00061%
East Ridge Partnership 100 0.00049%
Xxxxxx, Xxxx 320 0.00156%
Fairfax Holding, LLC 786,226 3.84240%
Xxxxx, Xxxx 5,486 0.02681%
Xxxxxxx, G. Rex 3,680 0.01798%
Xxxx, Xxxxxxx 6,817 0.03332%
Xxxxxxxx, Xxxxx 100 0.00049%
Hall Investment Company 10,204 0.04987%
Xxxxxx, Xxxxxxx 5,102 0.02493%
JCP Realty, Inc. 350,460 1.71275%
KFC Advertising 5,487 0.02682%
Xxxxxx, Xxxx 125 0.00061%
Xxxxxx, Xxxx 25 0.00012%
King American Hospital, Ltd. 63,424 0.30996%
King Provo, Ltd. 64,872 0.31704%
Xxxx, Xxxxxx X. 6,244 0.03052%
Xxxxxxxxxx, Xxxx X. 214 0.00105%
Xxxxxx, Xxx 100 0.00049%
North Plains Development Company, Ltd. 19,033 0.09302%
North Plains Land Company, Ltd. 1,758 0.00859%
Xxxxx, Xxxx 1,894 0.00926%
Xxxxx, Xxxxx 125 0.00061%
Xxxxxxxx, Xxxxxx X. 692 0.00338%
Pine Ridge Development Company, Ltd. 77,641 0.37944%
Pine Ridge Land Company, Ltd. 5,176 0.02530%
Xxxxx, Xxxx 200 0.00098%
Xxxxx, Xxxxxx 350 0.00171%
Partnership Percentage
Name of Partner Units Interest
---------------------------------------- --------------------- ----------------------
Price 800 Company, Ltd. 156,615 0.76540%
Price Commerce, Ltd. 63,423 0.30996%
Price East Bay, Ltd. 37,157 0.18159%
Price Xxxxxx Xxxxxx Company, Ltd. 17,497 0.08551%
Price Fremont Company, Ltd. 166,315 0.81281%
Price Glendale Company, Ltd. 3,935 0.01923%
Price Orem Investment Company, Ltd. 66,747 0.32620%
Price Plaza 800 Company, Ltd. 12,199 0.05962%
Price Riverside Company, Ltd. 10,983 0.05368%
Price Rock Springs Company, Ltd. 11,100 0.05425%
Price Taywin Company, Ltd. 106,381 0.51990%
Xxxxx, Xxxxxx 100 0.00049%
Red Cliff Mall Investment Company 167,379 0.81801%
Roebbelen Engineering 72,000 0.35187%
Xxxxxxx, Xxx 23,371 0.11422%
Taycor Ltd. 35,462 0.17331%
Tech Park II Company, Ltd. 4,929 0.02409%
Xxxxxxx, Xxxx 150 0.00073%
Xxxx, Xxxx 160 0.00078%
Xxxxxxx, Xxxxx 35,460 0.17330%
Xxxxxxx, Xxxx 5,102 0.02493%
Xxxxxxx, Xxx 5,306 0.02593%
Xxxxxxx, Xxxx 10,000 0.04887%
YSP 16,787 0.08204%
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Total 20,461,852 100.00000%
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SSB Tax Advantaged Exchange Fund I, LLC 510,000 100.00000%{1}
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Belcrest Realty Corporation 2,575,000 73.02632%{2}
Belair Real Estate Corporation 1,255,000 26.97368%{2}
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3,800,000 100.00000%
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1. Represents all of the Series A Preferred Units issued by the
Partnership.
2. Represents a percentage of the Series B Preferred Units issued
by the Partnership.