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With the recording of the Certificate of Limited
Partnership, The Holding Company should:
a. make its cash capital contribution of
$29,913.80 to the Partnership;
b. pay FWID, Ltd. ("FWID"), $86,789.57 for
contributing cash equivalents to the Partnership
on its behalf;
c. issue a $88,387.46 secured note to FWID for
contributing other assets to the capital of the
Partnership on its behalf; and
d. confirm its agreement to remit to FWID its
share of Partnership distributions resulting from
the Partnership's realization of the fees and
profits shown on Part II of Appendix A.
The parties contributed a total of $170,936 in
cash to the capital of the Partnership. See item 8 of
Part 1 of Appendix A. Of this amount, The Holding
Company is responsible for 17-1/2 percent or, as shown
above, $29,913.80.
The parties contributed a total of $495,940.31 in
cash equivalents to the Partnership. The Holding
Company's share of this amount is, as noted above, 17-
1/2 percent or $86,789.54. The cash equivalents
consist of the items shown as numbers 6, 7, and 9 on
Part I of Appendix A. The items are:
6. October 31, 1983, Agreement with
Lazard Freres & Co. $273,547.00
7. April 14, 1983, Real Estate Sale
Agreement as amended with Norman
Rudenberg and Edna Davidson 211,082.00
9. Furniture, fixtures, and
equipment 11,311.31
Total $495,940.31
As shown in the enclosed chart, The Holding
Company's remaining obligation for capital
contributions to the Partnership was $145,798.66. Of
this amount, The Holding Company satisfied $57,409.20
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