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  |                              |      |             
|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    |                              |      |             
|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    |                              |      |             
|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    |                              |      |             
|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    |                              |      |             
|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   |                              |      |             
|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  |                              |      |             
|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 | %           
|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 | %           
|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  |                              |      |             
|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  |                              |      |             
|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  |                              |      |             
|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 |                              |      |             
|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 | %           
|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 | %           
|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                                              |  | $                                      |           |                          |         |                              |      |             
|              |  |                                                                                       |  |                                        |            |                          |          |                              |      |             

|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 | %           
|5/28/1998     |  | Golf Classic Resorts, LLC
536 South Avenue
Glencoe, IL 60022                     |  | $                                      | 879,995    |                          | 26,357  |                              | 0.00 | %           
|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 |                              |      |             
|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  | %           
|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  | %           
|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 | %           
|2/4/1997                    |  | GTA GP, Inc.
14 North Adger's Wharf
Charleston, SC 29401                                                       |  | $                                      |             |                          | 16,154    |                              | 0.20  | %           
|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    |                              |       |             
|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    |                              |       |             
|6/20/2001                   |  | Redemption (foreclosure on collateral)                                                                         |  |                                        | (1,350,000   | )                        | (48,949   | )                            |       |             
|                            |  |                                                                                                                |  |                                        |              |                          |           |                              |       |             
|                            |  | Burning Embers Corporation Total                                                                               |  | $                                      |             |                          |          |                              | 0.00  | %           

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