Exhibit 10.4

 

THIRD AMENDMENT TO

THIRD AMENDED AND RESTATED

AGREEMENT OF LIMITED PARTNERSHIP

OF GGP LIMITED PARTNERSHIP

 

THIS THIRD AMENDMENT (this “Amendment”) is made and entered into as of February 13, 2013, by and among the undersigned parties.

 

W I T N E S S E T H:

 

WHEREAS, GGP Limited Partnership (the “Partnership”), a Delaware limited partnership, exists pursuant to that certain Third Amended and Restated Agreement of Limited Partnership, dated as of November 9, 2010, as amended (the “Partnership Agreement”), and the Delaware Revised Uniform Limited Partnership Act;

 

WHEREAS, GGP, Inc., a Delaware corporation, is the sole general partner of the Partnership (the “General Partner”);

 

WHEREAS, the General Partner has determined that additional funds are desired by the Partnership in excess of funds anticipated to be available (the “Required Funds”) and that such Required Funds should be contributed to the Partnership;

 

WHEREAS, General Growth Properties, Inc., a Delaware corporation (the “Public REIT”) has issued its Series A Cumulative Redeemable Preferred Stock (the “Series A Stock”) in order to, among other reasons, raise the Required Funds;

 

WHEREAS, the Public REIT has caused the Required Funds raised by the issuance of the Series A Stock to be contributed to its subsidiary, GGP Limited Partnership II (the “Affiliate Limited Partner”), a Delaware limited partnership, and the Affiliate Limited Partner has made a contribution of the Required Funds to the Partnership;

 

WHEREAS, pursuant to Section 4.3(d) of the Third Restated Partnership Agreement, upon receipt of the Required Funds, the Partnership is required to issue Preferred Units with terms that are equivalent to the terms of the Series A Stock, and the General Partner is authorized, on behalf of each of the partners, to amend the Partnership Agreement to reflect the issuance of Series G Preferred Units.

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto do herby agree as follows:

 











 

1.                                      Capitalized Terms.  Capitalized terms used but not defined herein shall have the definitions assigned to such terms in the Partnership Agreement.

 

2.                                      Amendment of Section 1.1.

 

a.                    The term “Series G Preferred Units” shall be inserted immediately following the definition of “Series F Preferred Units” and shall be defined as follows:

 

“Series G Preferred Units” shall mean the series of preferred units of the Partnership designated as 6.375% Series G Cumulative Redeemable Preferred Units having such designations, preferences and other rights described in Schedule E.

 

b.                    The term “Units” set forth in Section 1.1 shall be deleted in its entirety and replaced with the following:

 

“Units” shall mean the partnership units in the Partnership established and issued from time to time in accordance with the terms hereof, including without limitation Common Units and Series B Preferred Units, Series D Preferred Units, Series E Preferred Units, Series F Preferred Units and Series G Preferred Units.  The number and designation of all Units held by each Partner is set forth opposite such Partner’s name on Exhibit A.

 

3.                                      Amendment of Preferred Units.  Section 4.7 of the Partnership Agreement is hereby deleted in its entirety and the following is hereby inserted in its place and stead:

 

4.7                               Preferred Units.  The Series B Preferred Units, Series D Preferred Units, Series E Preferred Units, Series F Preferred Units and Series G Preferred Units have been established and have the rights, preferences, limitations and qualifications as are described in Schedule A, Schedule B, Schedule C, Schedule D and Schedule E, respectively, in addition to the applicable rights and preferences contained herein.

 

4.                                      Amendment of Distributions with Respect to Preferred Units.  Section 5.9 of the Partnership Agreement is amended by inserting the following subsection (e) immediately following subsection (d):

 

(e)                                  The holders of Series G Preferred Units are entitled to quarterly, cumulative partnership distributions when, if and as declared, in an amount equal to $0.3984375 per Series E Preferred Unit, as more particularly described in Schedule E.

 

2











 

5.                                      Amendment of Liquidation Preference of Preferred Units.  Section 7.8 of the Partnership Agreement is amended by inserting the following subsection (e) immediately following subsection (d):

 

(e)                                  The holders of Series G Preferred Units shall have the rights and preferences described in Schedule E.

 

6.                                      Addition of Schedule E.  Schedule E attached hereto shall be inserted into the Partnership Agreement immediately following Schedule D.

 

7.                                      New Exhibit A.  Exhibit A to the Partnership Agreement, identifying the Partners, the number and class of series of Units owned by each of them and their respective Percentage Interests, if any, is hereby deleted in its entirety and the Exhibit A in the form attached hereto is hereby inserted in its place and stead.

 

8.                                      Other Provisions Unaffected.  Except as expressly amended hereby, the Partnership Agreement shall remain in full force and effect in accordance with its terms.

 

IN WITNESS WHEREOF, the undersigned have executed this Amendment on the day and year first written above.

 

 

GENERAL PARTNER:

 

GGP, INC.,

a Delaware corporation

 

 

	
By:
    	
/s/   Marvin J. Levine
    	
 
    


 

3











 

EXHIBIT A

TO THE

AGREEMENT OF LIMITED PARTNERSHIP

OF

GGP LIMITED PARTNERSHIP

as of February 21, 2013

 

	
PARTNER
   NAME
    	
 
    	
Number of
   Common Units
    	
 
    	
% Common
   Ownership
    	
 
    	
% Overall
   Ownership*
    	
 
    	
Number of
   Series B
   Preferred
   Units
    	
 
    	
Number of
   Series D
   Preferred
   Units
    	
 
    	
Number of
   Series E
   Preferred
   Units
    	
 
    	
Number of
   Series F
   Preferred
   Units
    	
 
    	
Number of
   Series G
   Preferred
   Units
    	
 
    
	
General   Partner:
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
GGP, Inc.
    	
 
    	
9,000,000
    	
 
    	
0.990866
    	
%
    	
0.985123
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Limited   Partners:
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
GGP   Limited Partnership II
    	
 
    	
893,984,750.1700
    	
 
    	
98.287960
    	
%
    	
97.718272
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Piedmont   Partners:
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Joseph   Straus, Jr.
    	
 
    	
234,051.0000
    	
 
    	
0.049447
    	
%
    	
0.049160
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Helen   Roth Trust
    	
 
    	
87,072.0000
    	
 
    	
0.164870
    	
%
    	
0.163915
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Forbes/Cohen   Partners:
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Avern   L. Cohn Trust 
    	
 
    	
173,397.0000
    	
 
    	
0.025768
    	
%
    	
234,051.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Rita   C. Haddow Trust u/t/a 2/8/98
    	
 
    	
173,397.0000
    	
 
    	
0.011454
    	
%
    	
104,039.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
SW   Plaza Partners:
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Bonnie   D. O’Connell (Primack)
    	
 
    	
40,000.0000
    	
 
    	
0.001803
    	
%
    	
0.001792
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Cyd   Rodriguez
    	
 
    	
50,000.0000
    	
 
    	
0.004404
    	
%
    	
0.004378
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Benjamin   May Trust, Ian D. Gardenswartz Trustee
    	
 
    	
26,639.0000
    	
 
    	
0.005505
    	
%
    	
0.005473
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Lindsay   Faith May Trust, Ian D. Gardenswartz Trustee
    	
 
    	
26,639.0000
    	
 
    	
0.001321
    	
%
    	
0.001313
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Robert   Klausner
    	
 
    	
16,374.0000
    	
 
    	
0.000055
    	
%
    	
0.000055
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Donald   B. May
    	
 
    	
12,000.0000
    	
 
    	
0.000902
    	
%
    	
0.000896
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Gregory   Specht
    	
 
    	
13,500.0000
    	
 
    	
0.000912
    	
%
    	
0.000907
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Donald   Kay
    	
 
    	
8,286.0000
    	
 
    	
0.002933
    	
%
    	
0.002916
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Altamonte   Partners:
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Gerald   D Hines
    	
 
    	
24,580.0000
    	
 
    	
0.002713
    	
%
    	
0.002697
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    


 

4











 

	
PARTNER
   NAME
    	
 
    	
Number of
   Common Units
    	
 
    	
% Common
   Ownership
    	
 
    	
% Overall
   Ownership*
    	
 
    	
Number of
   Series B
   Preferred
   Units
    	
 
    	
Number of
   Series D
   Preferred
   Units
    	
 
    	
Number of
   Series E
   Preferred
   Units
    	
 
    	
Number of
   Series F
   Preferred
   Units
    	
 
    	
Number of
   Series G
   Preferred
   Units
    	
 
    
	
Edward   J. DeBartolo Family Testamentary Trust I f/b/o Edward J. DeBartolo, Jr.
    	
 
    	
42,191.0000
    	
 
    	
0.004656
    	
%
    	
0.004629
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Lisa   M. DeBartolo
    	
 
    	
14,064.0000
    	
 
    	
0.001552
    	
%
    	
0.001543
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Tiffanie   L. DeBartolo
    	
 
    	
14,063.0000
    	
 
    	
0.001552
    	
%
    	
0.001543
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Nicole   DeBartolo
    	
 
    	
14,063.0000
    	
 
    	
0.001552
    	
%
    	
0.001543
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Glenn   J. Rufrano
    	
 
    	
66,138.0000
    	
 
    	
0.007299
    	
%
    	
0.007256
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
CRH   Co., Inc.
    	
 
    	
6,144.0000
    	
 
    	
0.000678
    	
%
    	
0.000674
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Former   Series C Partners(Glendale Galleria):
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Patrick   S. Donahue, not individually, but solely as Trustee of the Patrick and Paula   Donahue Family Trust
    	
 
    	
29,517.2740
    	
 
    	
0.003257
    	
%
    	
0.003239
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Thomas   L. Schriber, not individually, but solely as Trustee of the Thomas L.   Schriber Revocable Trust
    	
 
    	
244,239.7727
    	
 
    	
0.026954
    	
%
    	
0.026797
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Jari   L. Stuart, not individually, but solely as Trustee of the Stuart Family   Revocable Living Trust
    	
 
    	
179,829.1871
    	
 
    	
0.019846
    	
%
    	
0.019730
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
William   J. Kenney, Jr., not individually, but solely as Trustee of the William   K. Kenney, Jr. Separate Property Trust 
    	
 
    	
59,853.8719
    	
 
    	
0.006605
    	
%
    	
0.006567
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Glenn   C. Myers, not individually, but solely as Trustee of the Glenn C. Myers   Family Trust
    	
 
    	
12,497.5912
    	
 
    	
0.001379
    	
%
    	
0.001371
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Jack   Jensen
    	
 
    	
47,356.2807
    	
 
    	
0.005226
    	
%
    	
0.005196
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Valley   Hills Mall
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Peter   D. Leibowits
    	
 
    	
499.0000
    	
 
    	
0.000055
    	
%
    	
0.000055
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Other   Partners:
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Stanley   Richards Revocable Trust
    	
 
    	
449,121.0000
    	
 
    	
0.049564
    	
%
    	
0.049276
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
MB   Capital Units, L.L.C.
    	
 
    	
2,817,811.0705
    	
 
    	
0.310970
    	
%
    	
0.309163
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
General   Growth Companies, Inc.
    	
 
    	
24,957.8200
    	
 
    	
0.002754
    	
%
    	
0.002738
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    


 

5











 

	
PARTNER
   NAME
    	
 
    	
Number of
   Common Units
    	
 
    	
% Common
   Ownership
    	
 
    	
% Overall
   Ownership*
    	
 
    	
Number of
   Series B
   Preferred
   Units
    	
 
    	
Number of
   Series D
   Preferred
   Units
    	
 
    	
Number of
   Series E
   Preferred
   Units
    	
 
    	
Number of
   Series F
   Preferred
   Units
    	
 
    	
Number of
   Series G
   Preferred
   Units
    	
 
    
	
Matthew   Bucksbaum Revocable Trust
    	
 
    	
1,497,512.0000
    	
 
    	
0.165263
    	
%
    	
0.164303
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Series B   Preferred Partners (JP Realty - Price Development):
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Burke   Cloward
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.006093
    	
%
    	
18,510.1200
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
James   Cordano
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.000263
    	
%
    	
799.1820
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Gregory   Curtis
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.000451
    	
%
    	
1,370.2500
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Fairfax   Holding, LLC
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.277668
    	
%
    	
1,092,572.9347
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Rex   and Barbara Frazier Family Trust
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.005456
    	
%
    	
16,576.6320
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Michael   Frei
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.002648
    	
%
    	
8,044.5420
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Hall   Investment Company
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.004284
    	
%
    	
13,016.0700
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Kenneth   G. Hansen Trust u/t/a dated 11/14/2000
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.000877
    	
%
    	
2,663.2440
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
King   American Hospital, Ltd.
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.001748
    	
%
    	
5,310.7580
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Warren   P. King
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.001117
    	
%
    	
3,392.4780
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Paul   K. Mendenhall
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.001235
    	
%
    	
3,751.6140
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
North   Plains Development Company, Ltd.
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.003270
    	
%
    	
9,935.2260
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Carl   E. Olson
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.000716
    	
%
    	
2,174.6520
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Martin   G. Peterson
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.003433
    	
%
    	
10,428.5160
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Deidra   Price
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.000074
    	
%
    	
226.0260
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
John   Price
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.000252
    	
%
    	
766.2960
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Steven   Price
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.000476
    	
%
    	
1,446.9840
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Red   Cliffs Mall Investment Company, Ltd.
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.025315
    	
%
    	
76,910.9580
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Philip   P. Taylor
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.002933
    	
%
    	
8,909.3337
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Jennifer   Wallin
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.000074
    	
%
    	
226.0260
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
Lena   Wilcher as Trustee of the Lena Wilcher Revocable Trust
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.000883
    	
%
    	
2,683.3333
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Series D   Preferred Partner (Foot Hills):
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Everitt   Enterprises, Inc.
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.088158
    	
%
    	
0.0000
    	
 
    	
532,749.6574
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Series E   Preferred Partner (Four Seasons):
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Koury   Corporation
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
0.071605
    	
%
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
502,657.8128
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    


 

6











 

	
PARTNER
   NAME
    	
 
    	
Number of
   Common Units
    	
 
    	
% Common
   Ownership
    	
 
    	
% Overall
   Ownership*
    	
 
    	
Number of
   Series B
   Preferred
   Units
    	
 
    	
Number of
   Series D
   Preferred
   Units
    	
 
    	
Number of
   Series E
   Preferred
   Units
    	
 
    	
Number of
   Series F
   Preferred
   Units
    	
 
    	
Number of
   Series G
   Preferred
   Units
    	
 
    
	
Series F   Preferred Partner
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
GGP   Limited Partnership II
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
—
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
360.0000
    	
 
    	
0.0000
    	
 
    
	
Westroads-Oaks, Inc.
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
—
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
104,000
    	
 
    	
0.0000
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Series G   Preferred Partner
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
GGP   Limited Partnership II
    	
 
    	
0.0000
    	
 
    	
 
    	
 
    	
1.322737
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
0.0000
    	
 
    	
10,000,000
    	
 
    


 






*calculated on the converted basis to common units.  Series F Units are not convertible to common units.

 

7