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Exhibit A to
Bylaws Effective as of September 17, 2002 of The Purebred Arabian
Trust
DESCRIPTION OF
CORPUS
A |
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1. Cash and
investments: (a)
the cash in AHRA checking accounts at FirstBank, account numbers
*********** and ***********, as of the Effective Date, and (b) the
value of AHRA's mutual fund account at The Vanguard Group, account
number *********, as of the Effective Date, less that portion of
such accounts consisting of the proceeds from the sales of parcels
of land more particularly described as Exceptions land 3 on
Schedule 1 to Exhibit B and earnings attributed thereto
(the "Corpus B Assets"). As of the end of the month prior to the
Effective Date, the cash and investments are as follows: |
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Cash in AHRA bank accounts $ |
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Investments (The
Vanguard Group) |
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GNMA Fund Investor Shares |
$ |
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Short-Term Corporate Fund Admiral Shares |
$ |
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Total Stock Market Index Fund Admiral Shares |
$ |
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Less
the Corpus B Assets: |
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Total cash and investments, as of 8/31/2002 $ - |
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2. Building and
Contiguous Land:
Description on Schedule 1 to this Exhibit A. |
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3.
Purebred Revenues:
Purebred
Revenues will be received only after the Effective Date. The
revenues received prior to the Effective Date resulting from the
following fees charged for services performed pertaining to
purebred Arabian horses: registration fees, transfer of ownership
fees, DNA test and Blood Type test fees, semen transportation
fees, transaction processing fees, certificate fees (i.e.
duplicate, replacement, export endorsement fees), name change
fees, racing certificate fees, and other miscellaneous fees (i.e.
reimportations, progeny lists, pedigrees, embryo transfer permits
and related fees, legal investigative fees, DNA and blood type
records fees) are contained in the cash described above. |
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4.
Proprietary Rights:
The electronic database of information pertaining to purebred
Arabian horses registered by AHRA or recorded by AHRA from other
sources and maintained by AHRA prior to and at the Effective Date
and
all
computer software developed and owned by AHRA and all physical
documentation provided by customers to support the data contained
in such database together with all replacements, additions,
deletions, and other modifications made thereto by Arabian Horse
Association following the Effective Date, as more particularly
described in the License Agreement. |
Schedule 1
to
Exhibit A to Bylaws,
Effective as of September 17, 2002 of
the Purebred Arabian Trust
Schedule 1 is
omitted here. It is the property description of the property owned
by AHRA, now put into the PAT
Exhibit B to
Bylaws
Effective as of September 17, 2002 of The Purebred Arabian Trust
DESCRIPTION OF CORPUS B
1. Land: The 28.25 acres, more or less, adjacent to the Building
and contiguous land described on Exhibit A, and more
particularly described on Schedule l to this Exhibit B.
2. Cash: That portion of the accounts listed on Exhibit A
that consists of the proceeds from the sales of the two parcels of land
described as Exceptions 2 and 3 on Schedule l to this Exhibit B and
all earnings attributed thereto, which, as of the end of the month
immediately preceding the Effective Date equal $____________.
Schedule 1 of Exhibit
B and Exceptions Nos. 1 through 3 also omitted here. Again,
descriptions of property.
IAHA/AHRA Merger
Documents Index
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