- 50 - agreement of limited partnership with respect to the partnership (the TFV limited partnership agreement or the agreement). The agreement contains provisions substantially identical to the provisions of the AVA limited partnership agreement set forth supra in section III.A.2. 3. Agreement To Make AMCOR Co-General Partner Following are the pertinent portions of a document (the TFV purchase document) dealing with the purchase of a general partnership interest in the partnership: AMERICAN AGRI-CORP December 12, 1985 Mr. Robert A. Wright Mr. James D. Dannenbaum [sic] AMERICAN AGRI-CORP 5000 Birch Street East Tower, Suite 610 Newport Beach, CA 92660 SUBJECT: PURCHASES OF A GENERAL PARTNERSHIP INTEREST IN TEXAS FARM VENTURERS-84 Gentlemen: You are Co-General Partners of Texas Farm Venturers-84, a Texas limited partnership. It is understood that the two of you, as individuals, collectively own a 1 percent interest in this partnership. American Agri-Corp is desirous of purchasing 50 percent of the collective position of Robert A. Wright’s General Partnership interest in Texas Farm Venturers- 84. American Agri-Corp agrees to buy, and you agree to sell, a one-quarter percent interest in the above general partnership interest for consideration as agreed upon between the name parties. It is understood that American Agri-Corp assumes all the rights, duties,Page: Previous 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 Next
Last modified: May 25, 2011