Agri-Cal Venture Associates, Frederick H. Behrens, Tax Matters Partner, et al. - Page 50




                                       - 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