EXHIBIT 10.2.1
--------------
Schedule of material differences between the Form of
Participating Lease (exhibit 10.2.0) and each executed
Participating Lease relating to an Initial Course:
--------------------------------------------------------------------------------
00.0.0.0: THE LEGENDS RESORT COURSES (HEATHLAND, MOORLAND,
PARKLAND)
Course name: The Legends Complex
City: Myrtle Beach
County: Horry County
State: South Carolina
Tenant: Legends Golf Management, LLC, a limited
liability company
Dated as of: February 12, 1997
Commencement date: "the date hereof"
Initial Base Rent: $4,669,000 per year
Notice address
of Tenant: Xxxxx X. Xxxxx
0000 Xxxxxxx Xxxxx
Xxxxxx Xxxxx, Xxxxx Xxxxxxxx 00000
--------------------------------------------------------------------------------
10.2.1.2 HERITAGE GOLF CLUB
Course name: Heritage Golf Club
City: Pawleys Island
County: Georgetown County
State: South Carolina
Tenant: Heritage Golf Management, LLC
Dated as of: February 12, 1997
Commencement date: "the date hereof"
Initial Base Rent: $1,825,000
Notice address
of Tenant: Xxxxx X. Xxxxx
0000 Xxxxxxx Xxxxx
Myrtle Beach, South Carolina 29577
--------------------------------------------------------------------------------
00.0.0.0: OYSTER BAY GOLF LINKS
Course name: Oyster Bay
City: Sunset Beach
County: Brunswick County
State: North Carolina
Tenant: Oyster Bay Golf Management, LLC
Dated as of: February 12, 1997
Commencement date: "the date hereof"
Initial Base Rent: $1,856,000
Notice address
of Tenant: Xxxxx X. Xxxxx
0000 Xxxxxxx Xxxxx
Xxxxxx Xxxxx, Xxxxx Xxxxxxxx 00000
--------------------------------------------------------------------------------
00.0.0.0: ROYAL NEW KENT
Course name: Royal New Kent
City: Providence Forge
County: New Kent County
State: Virginia
Tenant: Virginia Legends Golf Management, LC
Dated as of: February 12, 1997
Commencement date: "the date hereof"
Initial Base Rent: $1,817,000
Notice address
of Tenant: Xxxxx X. Xxxxx
0000 Xxxxxxx Xxxxx
Xxxxxx Xxxxx, Xxxxx Xxxxxxxx 00000
--------------------------------------------------------------------------------
00.0.0.0: STONEHOUSE GOLF CLUB
Course name: Stonehouse Golf Club
City: Toano
County: Xxxxx City County
State: Virginia
Tenant: Virginia Legends Golf Management, LC
Dated as of: February 12, 1997
Commencement date: "the date hereof"
Initial Base Rent: $1,890,000
Notice address
of Tenant: Xxxxx X. Xxxxx
0000 Xxxxxxx Xxxxx
Xxxxxx Xxxxx, Xxxxx Xxxxxxxx 00000
--------------------------------------------------------------------------------
00.0.0.0: NORTHGATE COUNTRY CLUB
Course name: Northgate Country Club
City: Houston
County: Xxxxxx County
State: Texas
Tenant: Northgate Country Club, L.L.C.
Dated as of: February 12, 1997
Commencement date: "the date hereof"
Initial Base Rent: $1,407,000
Notice address
of Tenant: 00000 Xxxxx Xxxxxx Xxxxx
Xxxxxxx, Xxxxx 00000
--------------------------------------------------------------------------------
00.0.0.0: OLDE ATLANTA GOLF CLUB
Course name: Olde Atlanta Golf Club
City: Suwanee
County: Forsyth County
State: Georgia
Tenant: O.A.G.C., LLC
Dated as of: February 11, 1997
Commencement date: "the date hereof"
Initial Base Rent: $845,000
Notice address
of Tenant: O.A.G.C., LLC
c/o The Crescent Company
0000 X. Xxxxxxxxx Xxx., Xxxxx 000
Xxxxxxxxxxxx, XX 00000
--------------------------------------------------------------------------------
00.0.0.0: THE WOODLANDS
Course name: The Woodlands
City: Gulf Shores
County: Xxxxxxx County
State: Alabama
Tenant: The Woodlands Management Co. L.L.C.
Dated as of: February 12, 1997
Commencement date: "the date hereof"
Initial Base Rent: $679,000
Notice address
of Tenant: Xxxxxx X. Xxxxx
000 Xxxxxx Xxxxx Xxxxx
Xxxx Xxxxxx, Xxxxxxx 00000
