Exhibit 2.1
AGREEMENT AND PLAN OF MERGER
This Agreement and Plan of Merger (this "Agreement") is entered into as of
this 6th day of December 2001, by and between The ▇▇▇▇▇▇▇ Master Limited
Partnership, a Delaware limited partnership ("MLP"), each of the Merger
Partnerships set forth on Schedule A hereto (the "Merger Partnerships"), and
each of the Merger Subsidiaries set forth on Schedule A hereto (the "Merger
Subs").
RECITALS:
WHEREAS, pursuant to a Consent Solicitation Statement/Offering Circular
of, among others, the Merger Partnerships and MLP, dated October 23, 2001 (the
"Consent Solicitation Statement"), the merger of each Merger Partnership with
and into the Merger Sub listed next to the name of such Merger Partnership on
Schedule A hereto (each a "Merger" and collectively the "Mergers") in accordance
with the terms of this Agreement has been approved in accordance with applicable
law;
NOW, THEREFORE, in consideration of the premises and the mutual promises
herein made, and in consideration of the representations, warranties, and
covenants herein contained, the receipt and sufficiency of which are
acknowledged, the Parties agree as follows:
ARTICLE I
DEFINITIONS
As used in this Agreement, the following terms shall have the respective
meanings set forth below:
"Accredited Partner" means a limited partner in a Merger Partnership who MLP
reasonably believes is an "accredited investor" as defined in Regulation D under
the Securities Act of 1933, as amended.
"Agreement" means this Agreement, as amended from time to time.
"Connecticut Act" means the Connecticut Uniform Limited Partnership Act.
"Connecticut Mergers" means the Mergers to which a Connecticut Merger
Partnership is a party.
"Connecticut Merger Partnerships" means the Merger Partnerships that are
governed by the Connecticut Act.
"Code" means the Internal Revenue Code of 1986, as amended.
"Consent Solicitation Statement" shall have the meaning set forth in the
recitals above.
1
"Delaware RULPA" means the Delaware Revised Uniform Limited Partnership Act, 6
Del. Ct. (ss. 17-101, et. seq.)
"Distribution Percentage" of an LP Interest or GP Interest shall have the
meaning ascribed to such term in the partnership agreement of the applicable
Merger Partnership.
"Effective Time" has the meaning set forth in Section 2.4 below.
"Exchange Value" of a Merger Partnership shall mean the amount listed next to
such Merger Partnership under "Exchange Value" on the attached Schedule A.
"GP Interest" shall mean a general partner interest in a Merger Partnership.
"Limited Partner" means a limited partner of a Merger Partnership.
"Liquidation Allocation" of an LP Interest or GP Interest shall mean the product
of (a) the Distribution Percentage represented by such LP Interest or GP
Interest and (b) the Exchange Value of the applicable Merger Partnership.
"Merger" has the meaning set forth in the first paragraph of the Recitals above.
"Merger Partnerships" has the meaning set forth in the preface above.
"MLP" has the meaning set forth in the preface above.
"MLP Units" shall mean the units of limited partner interest of MLP.
"LP Interest" shall mean a limited partner interest in a Merger Partnership.
"Non-Accredited Partner" means a Limited Partner who is not an Accredited
Partner.
"Parties" means the parties to this Agreement.
"Pennsylvania Act" means the Pennsylvania Revised Uniform Limited Partnership
Act.
"Pennsylvania Mergers" means Mergers to which a Pennsylvania Merger Partnership
is a party.
"Pennsylvania Merger Partnerships" means the Merger Partnerships that are
governed by the Pennsylvania Act.
"Person" means an individual, a partnership, a corporation, an association, a
joint stock company, a trust, a joint venture, a limited liability company, an
unincorporated organization, a governmental entity (or any department, agency,
or political subdivision thereof) or other entity.
"Surviving Partnership" has the meaning set forth in Section 2.1 below.
2
ARTICLE II
MERGER; EFFECTIVE TIME; CLOSING
Section 2.1 Merger of Merger Partnerships into Merger Subs.
At the Effective Time, each Merger Partnership shall merge with and into the
Merger Sub listed next to the name of such Merger Partnership on Schedule A, and
the separate existence of each such Merger Partnership shall cease. The
respective Merger Subs shall be the surviving entities in the Mergers (each, a
"Surviving Partnership") and the existence of each such Merger Sub, with all its
rights, privileges, powers and franchises, and the partnership interests in each
such Merger Sub, shall continue unaffected and unimpaired by the respective
Mergers.
Section 2.2 Effect of the Mergers.
The Mergers to which Connecticut Merger Partnerships are parties shall have the
effects provided for in the Connecticut Act and the Delaware RULPA, and the
Mergers to which the Pennsylvania Merger Partnerships are parties shall have the
effects provided for in the Pennsylvania Act and the Delaware RULPA.
Section 2.3 Governing Instrument.
The limited partnership agreements and certificates of limited partnership of
the respective Merger Subs as in effect immediately prior to the effective time
shall be the limited partnership agreements and certificates of limited
partnership, as the case may be, of the respective Surviving Partnerships
immediately following the Mergers.
Section 2.4 Certificates of Merger; Effective Time.
Promptly after the date hereof, certificates of merger evidencing each Merger
shall be filed with the Secretary of State of the State of Delaware and, (i) in
respect of Connecticut Mergers, with the Secretary of the State of the State of
Connecticut and (ii) in respect of Pennsylvania Mergers, with the Secretary of
the Commonwealth of the Commonwealth of Pennsylvania (each, a "Certificate of
Merger"). The Certificates of Merger shall each provide that the Mergers shall
become effective at 12:01 a.m., Eastern Standard Time, on January 1, 2002 (the
"Effective Time").
ARTICLE III
CONVERSION OF PARTNERSHIP INTERESTS
Section 3.1 Conversion of Partnership Interests Held By Accredited Partners.
At the Effective Time:
(a) The LP Interest of each Accredited Partner in a Merger Partnership
shall, by virtue of the Merger and without any action by the holder
thereof, be converted into the number of MLP Units determined by
dividing the Liquidation Allocation of such LP Interest by 100.
3
(b) Each GP Interest shall, by virtue of the Merger and without any
action by the respective general partners of the Merger
Partnerships, be converted into the number of MLP Units determined
by dividing the Liquidation Allocation of such GP Interest by 100.
Section 3.2 Conversion of Merger Partnership Interest Held By Non-Accredited
Partners.
At the Effective Time, the LP Interest of each Non-Accredited Partner shall be
purchased by MLP for cash equal to 65% of the Liquidation Allocation of such LP
Interest, and the LP Interest of each Non-Accredited Partner shall, by virtue of
the Merger and without any action by the holder thereof, be converted into the
right to receive said cash amount. The transaction shall be treated by each
Merger Partnership in which there are one or more Non-Accredited Partners and by
MLP, respectively, as a sale of the LP Interest of each Non-Accredited Partner
to MLP for said cash amount.
ARTICLE IV
MISCELLANEOUS
Section 4.1 Termination and Amendment.
At any time prior to the Effective Time, this Agreement and the Mergers may be
terminated by the mutual agreement of the parties hereto. This Agreement shall
not be amended except by an instrument in writing signed on behalf of each of
the parties hereto.
Section 4.2 Counterparts.
This Agreement may be executed in one or more counterparts, all of which shall
be considered one and the same agreement.
Section 4.3 General Partner Actions.
The respective general partners of the Surviving Partnerships shall be
authorized, at such time as each deems appropriate in its full discretion, to
execute, acknowledge, verify, deliver, file and record, for and in the name of
the respective Surviving Partnerships, and for and on behalf of each Merger
Partnership, any and all documents and instruments, and shall do and perform any
and all acts required by applicable law or which such general partner deems
necessary or advisable in order to effectuate the respective Mergers.
Section 4.4 Choice of Law.
This Agreement shall be governed by, and construed in accordance with, the laws
of the State of Delaware applicable to contracts made and to be performed wholly
within said State without giving effect to conflicts of laws principles thereof.
4
IN WITNESS WHEREOF, the undersigned have caused this Agreement to be
executed by an officer duly authorized to do so, all as of the day and year
first above written.
THE ▇▇▇▇▇▇▇ MASTER
LIMITED PARTNERSHIP
By: MLP GP LLC, its general partner
By: ▇▇▇▇▇▇▇ MLP Corp., its manager
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
THE MERGER SUBS:
Each of the Merger Subs listed on Schedule A
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, as Executive Vice
President of the Manager of each of
the general partners of the Merger Subs
listed on Schedule A
THE MERGER PARTNERSHIPS:
Carlane Associates Limited Partnership
Carolion Associates Limited Partnership
Dautec Associates Limited Partnership
JVF Associates Limited Partnership
Scribe Associates Limited Partnership
Syrcar Associates Limited Partnership
Wybanco Associates Limited Partnership
By: Avazar Associates,
General Partner
By: Avazar I Limited Partnership,
General Partner
By: Avazar Corp.,
General Partner
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
5
Colane Associates Limited Partnership
Daytower Associates Limited Partnership
Elport Associates Limited Partnership
FedData Associates Limited Partnership
Jaclane Associates Limited Partnership
Jameslane Associates Limited Partnership
Kalan Associates Limited Partnership
Martall Associates Limited Partnership
Merday Associates Limited Partnership
Newal Associates Limited Partnership
Rotale Associates Limited Partnership
Salistown Associates Limited Partnership
Silward Associates Limited Partnership
Superwest Associates Limited Partnership
Vegpow Associates Limited Partnership
Walcreek Associates Limited Partnership
By: ▇▇▇▇▇▇ Associates,
General Partner
By: ▇▇▇▇▇▇ I Limited Partnership,
General Partner
By: ▇▇▇▇▇▇ Corp.,
General Partner
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
6
Calane Associates Limited Partnership
Johab Associates Limited Partnership
Lando Associates Limited Partnership
Mesa Associates Limited Partnership
Orper Associates Limited Partnership
Pinole Associates Limited Partnership
Porto Associates Limited Partnership
Sandnord Associates Limited Partnership
Santex Associates Limited Partnership
Supergar Associates Limited Partnership
Suteret Associates Limited Partnership
Walmad Associates Limited Partnership
Walstaff Associates Limited Partnership
By: Chadgold Associates,
General Partner
By: Chadgold I Limited Partnership,
General Partner
By: Chadgold Corp.,
General Partner
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
Marbax Associates Limited Partnership
By: Conzar Associates,
General Partner
By: Conzar I Limited Partnership,
General Partner
By: Conzar Manager LLC,
Member
By: SkiKid LLC,
Member
By: ▇▇▇▇▇▇▇ Manager Corp.,
Manager
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
7
JLE Way Associates Limited Partnership
By: Nozar Associates,
General Partner
By: Nozar I Limited Partnership,
General Partner
By: Nozar Corp.,
General Partner
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
21AT Associates Limited Partnership
Clifmar Associates Limited Partnership
Midlem Associates Limited Partnership
Skoob Associates Limited Partnership
Texford Associates Limited Partnership
By: Sanzar Associates,
General Partner
By: Sanzar I Limited Partnership,
General Partner
By: Sanzar Manager LLC,
General Partner
By: ▇▇▇ LLC,
Member
By: ▇▇▇▇▇▇▇ Manager Corp.,
Manager
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
8
Alake Associates Limited Partnership
Albeau Associates Limited Partnership
▇▇▇▇▇▇▇ Street Associates Limited Partnership
Sunway Associates Limited Partnership
By: ▇▇▇▇▇ Associates,
General Partner
By: ▇▇▇▇▇ I Limited Partnership,
General Partner
By: Naciv Manager LLC,
General Partner
By: Jess LLC,
Member
By: ▇▇▇▇▇▇▇ Manager Corp.,
Manager
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
Dalhill Associates Limited Partnership
Denville Associates Limited Partnership
By: Zider Associates,
General Partner
By: Zider I Limited Partnership,
General Partner
By: Zider Corp.,
General Partner
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
9
Elway Associates Limited Partnership
By: Zigold Associates,
General Partner
By: Zigold I Limited Partnership,
General Partner
By: Zigold Corp.,
General Partner
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
Allia Associates Limited Partnership
Boford Associates Limited Partnership
Croydon Associates Limited Partnership
Larloosa Associates Limited Partnership
Nevit Associates Limited Partnership
Plecar Associates Limited Partnership
Spokmont Associates Limited Partnership
Statmont Associates Limited Partnership
By: Adgold Associates LLC,
General Partner
By: Adgold Manager LLC,
Managing Member
By: ▇▇▇▇▇▇▇ Manager Corp.,
Manager
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
Crostex Associates Limited Parntership
By: Almarc Group LLC,
General Partner
By: Almarc Manager LLC,
Managing Member
By: ▇▇▇▇▇▇▇ Manager Corp.,
Manager
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
10
Avrem Associates Limited Partnership
▇▇▇▇▇▇▇ Associates Limited Partnership
By: Chadan Associates LLC,
General Partner
By: Chadan Manager LLC,
Managing Member
By: ▇▇▇▇▇▇▇ Manager Corp.,
Manager
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
Ateb Associates Limited Partnership
Bedcar Associates Limited Partnership
Flamont Associates Limited Partnership
Gersant Associates Limited Partnership
Hazelport Associates Limited Partnership
Jacway Associates Limited Partnership
Lybster Associates Limited Partnership
Superline Associates Limited Partnership
Vegrouge Associates Limited Partnership
Walando Associates Limited Partnership
Washtex Associates Limited Partnership
By: Chader Associates LLC,
General Partner
By: Chader Manager LLC,
Managing Member
By: ▇▇▇▇▇▇▇ Manager Corp.,
Manager
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
11
Bluff Associates Limited Partnership
Denport Associates Limited Partnership
Liroc Associates Limited Partnership
By: Dasis Associates LLC,
General Partner
By: Dasis Manager LLC,
Managing Member
By: ▇▇▇▇▇▇▇ Manager Corp.,
Manager
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
▇▇▇▇▇▇ Associates Limited Partnership
Bradall Associates Limited Partnership
Montal Associates Limited Partnership
Pinmar Associates Limited Partnership
Renlake Associates Limited Partnership
Simval Associates Limited Partnership
By: Grezar Associates LLC,
General Partner
By: Grezar Manager LLC,
Managing Member
By: ▇▇▇▇▇▇▇ Manager Corp.,
Manager
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
Altenn Associates Limited Partnership
By: Jazar Associates LLC,
General Partner
By: Jazar Manager LLC,
Managing Member
By: ▇▇▇▇▇▇▇ Manager Corp.,
Manager
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
12
Basot Associates Limited Partnership
By: Newzar Associates LLC,
General Partner
By: Newzar Manager LLC,
Manager Member
By: ▇▇▇▇▇▇▇ Manager Corp.,
Manager
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
Calcraf Associates Limited Partnership
Segair Associates Limited Partnership
By: Zisgo Associates LLC,
General Partner
By: Zisgo Manager LLC,
Managing Member
By: ▇▇▇▇▇▇▇ Manager Corp.,
Manager
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
Sablemart Associates Limited Partnership
By: Esar Associates Limited Partnership,
General Partner
By: Naciv Manager LLC,
General Partner
By: Jess LLC,
Member
By: ▇▇▇▇▇▇▇ Manager Corp.,
Manager
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
13
Vengar Associates Limited Partnership
By: Tura Associates Limited Partnership,
General Partner
By: Venber Corp.,
General Partner
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
Bethplain Associates Limited Partnership
By: Jeseb Corp.,
General Partner
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
Leyden Associates Limted Partnership
By: Elotrum Corp.,
Managing General Partner
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
--------------------------------------
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Title: Executive Vice President
14
Schedule A
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Merger
Partnership Jurisdiction Merger Sub Exchange Value
--------------------------------------------------------------------------------------------------------
21AT Associates Limited Connecticut ▇▇▇▇▇▇▇ 21AT L.P. $5,245,262
Partnership
--------------------------------------------------------------------------------------------------------
Alake Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇ L.P. $8,078,683
Partnership
--------------------------------------------------------------------------------------------------------
Albeau Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ L.P. $3,240,415
Partnership
--------------------------------------------------------------------------------------------------------
Allia Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇ L.P. $1,523,474
Partnership
--------------------------------------------------------------------------------------------------------
Altenn Associates Limited Connecticut ▇▇▇▇▇▇▇ Altenn L.P. $5,689,727
Partnership
--------------------------------------------------------------------------------------------------------
▇▇▇▇▇▇ Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ L.P. $4,421,787
Partnership
--------------------------------------------------------------------------------------------------------
Ateb Associates Limited Connecticut ▇▇▇▇▇▇▇ Ateb L.P. $1,023,243
Partnership
--------------------------------------------------------------------------------------------------------
Avrem Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇ L.P. $6,720,627
Partnership
--------------------------------------------------------------------------------------------------------
Basot Associates Limited Connecticut ▇▇▇▇▇▇▇ Basot L.P. $2,392,361
Partnership
--------------------------------------------------------------------------------------------------------
Bedcar Associates Limited Connecticut ▇▇▇▇▇▇▇ Bedcar L.P. $1,765,045
Partnership
--------------------------------------------------------------------------------------------------------
Bethplain Associates Limited Connecticut ▇▇▇▇▇▇▇ Bethplain L.P. $1,870,518
Partnership
--------------------------------------------------------------------------------------------------------
Bluff Associates Limited Connecticut ▇▇▇▇▇▇▇ Bluff L.P. $383,782
Partnership
--------------------------------------------------------------------------------------------------------
Boford Associates Limited Connecticut ▇▇▇▇▇▇▇ Boford L.P. $853,235
Partnership
--------------------------------------------------------------------------------------------------------
Bradall Associates Limited Connecticut ▇▇▇▇▇▇▇ Bradall L.P. $7,106,478
Partnership
--------------------------------------------------------------------------------------------------------
Calane Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ L.P. $320,680
Partnership
--------------------------------------------------------------------------------------------------------
Calcraf Associates Limited Connecticut ▇▇▇▇▇▇▇ Calcraf L.P. $19,665,476
Partnership
--------------------------------------------------------------------------------------------------------
Carlane Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ L.P. $1,280,631
Partnership
--------------------------------------------------------------------------------------------------------
Carolion Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ L.P. $4,074,955
Partnership
--------------------------------------------------------------------------------------------------------
Clifmar Associates Limited Connecticut ▇▇▇▇▇▇▇ Clifmar L.P. $1,325,130
Partnership
--------------------------------------------------------------------------------------------------------
Colane Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ L.P. $4,002,657
Partnership
--------------------------------------------------------------------------------------------------------
Crostex Associates Limited Connecticut ▇▇▇▇▇▇▇ Crostex L.P. $11,067,589
Partnership
--------------------------------------------------------------------------------------------------------
A-1
--------------------------------------------------------------------------------------------------------
Merger
Partnership Jurisdiction Merger Sub Exchange Value
--------------------------------------------------------------------------------------------------------
Croydon Associates Limited Pennsylvania ▇▇▇▇▇▇▇ Croydon L.P. $655,287
Partnership
--------------------------------------------------------------------------------------------------------
Dalhill Associates Limited Connecticut ▇▇▇▇▇▇▇ Dalhill L.P. $6,296,434
Partnership
--------------------------------------------------------------------------------------------------------
Dautec Associates Limited Connecticut ▇▇▇▇▇▇▇ Dautec L.P. $8,357,385
Partnership
--------------------------------------------------------------------------------------------------------
Daytower Associates Limited Connecticut ▇▇▇▇▇▇▇ Daytower L.P. $2,253,048
Partnership
--------------------------------------------------------------------------------------------------------
Denport Associates Limited Connecticut ▇▇▇▇▇▇▇ Denport L.P. $872,937
Partnership
--------------------------------------------------------------------------------------------------------
Denville Associates Limited Connecticut ▇▇▇▇▇▇▇ Denville L.P. $4,163,068
Partnership
--------------------------------------------------------------------------------------------------------
Elport Associates Limited Connecticut ▇▇▇▇▇▇▇ Elport L.P. $812,895
Partnership
--------------------------------------------------------------------------------------------------------
Elway Associates Limited Connecticut ▇▇▇▇▇▇▇ Elway L.P. $4,826,643
Partnership
--------------------------------------------------------------------------------------------------------
Feddata Associates Limited Connecticut ▇▇▇▇▇▇▇ Feddata L.P. $6,429,190
Partnership
--------------------------------------------------------------------------------------------------------
Flamont Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ L.P. $1,294,707
Partnership
--------------------------------------------------------------------------------------------------------
Gersant Associates Limited Connecticut ▇▇▇▇▇▇▇ Gersant L.P. $1,024,745
Partnership
--------------------------------------------------------------------------------------------------------
Hazelport Associates Limited Connecticut ▇▇▇▇▇▇▇ Hazelport L.P. $960,192
Partnership
--------------------------------------------------------------------------------------------------------
▇▇▇▇▇▇▇ St. Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ St. L.P. $17,579,369
Partnership
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Jaclane Associates Limited Connecticut ▇▇▇▇▇▇▇ Jaclane L.P. $2,632,237
Partnership
--------------------------------------------------------------------------------------------------------
Jacway Associates Limited Connecticut ▇▇▇▇▇▇▇ Jacway L.P. $518,158
Partnership
--------------------------------------------------------------------------------------------------------
Jameslane Associates Limited Connecticut ▇▇▇▇▇▇▇ Jameslane L.P. $6,638,075
Partnership
--------------------------------------------------------------------------------------------------------
JLE Way Associates Limited Connecticut ▇▇▇▇▇▇▇ JLE Way L.P. $7,488,048
Partnership
--------------------------------------------------------------------------------------------------------
Johab Associates Limited Connecticut ▇▇▇▇▇▇▇ Johab L.P. $2,552,671
Partnership
--------------------------------------------------------------------------------------------------------
JVF Associates Limited Connecticut ▇▇▇▇▇▇▇ JVF L.P. $24,708,137
Partnership
--------------------------------------------------------------------------------------------------------
Kalan Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇ L.P. $33,430,280
Partnership
--------------------------------------------------------------------------------------------------------
Lando Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇ L.P. $3,511,334
Partnership
--------------------------------------------------------------------------------------------------------
Larloosa Associates Limited Connecticut ▇▇▇▇▇▇▇ Larloosa L.P. $1,609,922
Partnership
--------------------------------------------------------------------------------------------------------
Leyden Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇.▇. $5,573,852
Partnership
--------------------------------------------------------------------------------------------------------
A-2
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Merger
Partnership Jurisdiction Merger Sub Exchange Value
--------------------------------------------------------------------------------------------------------
Liroc Associates Limited Connecticut ▇▇▇▇▇▇▇ Liroc L.P. $600,014
Partnership
--------------------------------------------------------------------------------------------------------
Lybster Associates Limited Connecticut ▇▇▇▇▇▇▇ Lybster L.P. $716,660
Partnership
--------------------------------------------------------------------------------------------------------
Marbax Associates Limited Connecticut ▇▇▇▇▇▇▇ Marbax L.P. $61,593,396
Partnership
--------------------------------------------------------------------------------------------------------
Martall Associates Limited Connecticut ▇▇▇▇▇▇▇ Martall L.P. $21,337,691
Partnership
--------------------------------------------------------------------------------------------------------
Merday Associates Limited Connecticut ▇▇▇▇▇▇▇ Merday L.P. $2,396,409
Partnership
--------------------------------------------------------------------------------------------------------
Mesa Associates Limited Connecticut ▇▇▇▇▇▇▇ Mesa L.P. $1,286,752
Partnership
--------------------------------------------------------------------------------------------------------
Midlem Associates Limited Connecticut ▇▇▇▇▇▇▇ Midlem L.P. $5,981,164
Partnership
--------------------------------------------------------------------------------------------------------
Montal Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇.▇. $6,002,041
Partnership
--------------------------------------------------------------------------------------------------------
Nevit Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇ L.P. $1,963,887
Partnership
--------------------------------------------------------------------------------------------------------
Newal Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇ L.P. $16,728,429
Partnership
--------------------------------------------------------------------------------------------------------
Orper Associates Limited Connecticut ▇▇▇▇▇▇▇ Orper L.P. $11,330,822
Partnership
--------------------------------------------------------------------------------------------------------
Pinmar Associates Limited Connecticut ▇▇▇▇▇▇▇ Pinmar L.P. $1,495,398
Partnership
--------------------------------------------------------------------------------------------------------
Pinole Associates Limited Connecticut ▇▇▇▇▇▇▇ Pinole L.P. $585,755
Partnership
--------------------------------------------------------------------------------------------------------
Plecar Associates Limited Connecticut ▇▇▇▇▇▇▇ Plecar L.P. $745,213
Partnership
--------------------------------------------------------------------------------------------------------
Porto Associates Limited Connecticut ▇▇▇▇▇▇▇ Porto L.P. $2,069,847
Partnership
--------------------------------------------------------------------------------------------------------
Renlake Associates Limited Connecticut ▇▇▇▇▇▇▇ Renlake L.P. $2,164,420
Partnership
--------------------------------------------------------------------------------------------------------
Rotale Associates Limited Connecticut ▇▇▇▇▇▇▇ Rotale L.P. $3,050,067
Partnership
--------------------------------------------------------------------------------------------------------
Sablemart Associates Limited Connecticut ▇▇▇▇▇▇▇ Sablemart L.P. $12,413,154
Partnership
--------------------------------------------------------------------------------------------------------
Salistown Associates Limited Connecticut ▇▇▇▇▇▇▇ Salistown L.P. $2,680,060
Partnership
--------------------------------------------------------------------------------------------------------
Sandnord Associates Limited Connecticut ▇▇▇▇▇▇▇ Sandnord L.P. $6,255,538
Partnership
--------------------------------------------------------------------------------------------------------
Santex Associates Limited Connecticut ▇▇▇▇▇▇▇ Santex L.P. $1,820,514
Partnership
--------------------------------------------------------------------------------------------------------
Scribe Associates Limited Connecticut ▇▇▇▇▇▇▇ Scribe L.P. $136,925
Partnership
--------------------------------------------------------------------------------------------------------
Segair Associates Limited Connecticut ▇▇▇▇▇▇▇ Segair L.P. $17,482,423
Partnership
--------------------------------------------------------------------------------------------------------
A-3
--------------------------------------------------------------------------------------------------------
Merger
Partnership Jurisdiction Merger Sub Exchange Value
--------------------------------------------------------------------------------------------------------
▇▇▇▇▇▇▇ Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ L.P. $5,539,672
Partnership
--------------------------------------------------------------------------------------------------------
Silward Associates Limited Connecticut ▇▇▇▇▇▇▇ Silward L.P. $3,787,325
Partnership
--------------------------------------------------------------------------------------------------------
Simval Associates Limited Connecticut ▇▇▇▇▇▇▇ Simval L.P. $3,265,555
Partnership
--------------------------------------------------------------------------------------------------------
Skoob Associates Limited Connecticut ▇▇▇▇▇▇▇ Skoob L.P. $10,794,452
Partnership
--------------------------------------------------------------------------------------------------------
Spokmont Associates Limited Connecticut ▇▇▇▇▇▇▇ Spokmont L.P. $1,368,262
Partnership
--------------------------------------------------------------------------------------------------------
Statmont Associates Limited Connecticut ▇▇▇▇▇▇▇ Statmont L.P. $5,564,400
Partnership
--------------------------------------------------------------------------------------------------------
Sunway Associates Limited Connecticut ▇▇▇▇▇▇▇ Sunway L.P. $6,478,025
Partnership
--------------------------------------------------------------------------------------------------------
Supergar Associates Limited Connecticut ▇▇▇▇▇▇▇ Supergar L.P. $1,273,472
Partnership
--------------------------------------------------------------------------------------------------------
Superline Associates Limited Pennsylvania ▇▇▇▇▇▇▇ Superline L.P. $732,905
Partnership
--------------------------------------------------------------------------------------------------------
Superwest Associates Limited Connecticut ▇▇▇▇▇▇▇ Superwest L.P. $1,930,117
Partnership
--------------------------------------------------------------------------------------------------------
Suteret Associates Limited Connecticut ▇▇▇▇▇▇▇ Suteret L.P. $2,800,526
Partnership
--------------------------------------------------------------------------------------------------------
Syrcar Associates Limited Connecticut ▇▇▇▇▇▇▇ Syrcar L.P. $5,358,690
Partnership
--------------------------------------------------------------------------------------------------------
Texford Associates Limited Connecticut ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ L.P. $9,109,001
Partnership
--------------------------------------------------------------------------------------------------------
Vegpow Associates Limited Connecticut ▇▇▇▇▇▇▇ Vegpow L.P. $14,283,770
Partnership
--------------------------------------------------------------------------------------------------------
Vegrouge Associates Limited Connecticut ▇▇▇▇▇▇▇ Vegrouge L.P. $831,585
Partnership
--------------------------------------------------------------------------------------------------------
Vengar Associates Limited Connecticut ▇▇▇▇▇▇▇ Vengar L.P. $245,994
Partnership
--------------------------------------------------------------------------------------------------------
Walando Associates Limited Connecticut ▇▇▇▇▇▇▇ Walando L.P. $2,344,204
Partnership
--------------------------------------------------------------------------------------------------------
Walcreek Associates Limited Connecticut ▇▇▇▇▇▇▇ Walcreek L.P. $3,255,621
Partnership
--------------------------------------------------------------------------------------------------------
Walmad Associates Limited Connecticut ▇▇▇▇▇▇▇ Walmad L.P. $7,067,445
Partnership
--------------------------------------------------------------------------------------------------------
Walstaff Associates Limited Connecticut ▇▇▇▇▇▇▇ Walstaff L.P. $3,287,143
Partnership
--------------------------------------------------------------------------------------------------------
Washtex Associates Limited Connecticut ▇▇▇▇▇▇▇ Washtex L.P. $1,359,500
Partnership
--------------------------------------------------------------------------------------------------------
Wybanco Associates Limited Connecticut ▇▇▇▇▇▇▇ Wybanco L.P. $3,256,770
Partnership
--------------------------------------------------------------------------------------------------------
A-4
