S.V.G. PROPERTIES, L.P.
FIRST AMENDMENT TO THE FOURTH AMENDED AND RESTATED
LIMITED PARTNERSHIP AGREEMENT AND CERTIFICATE
The undersigned, pursuant to N.J.S. 42:2A-16, desiring to amend the Limited
Partnership Certificate of SVG Properties, L.P. to effect changes made to the
Limited Partnership on January 1, 1994, hereby certify as follows:
1. The name of the limited partnership is S.V.G Properties, L.P.
2. a. The original Certificate of Limited Partnership was filed with the
Secretary of State of New Jersey on May 12, 1987.
b. The Certificate of Limited Partnership was amended and restated on
May 15, 1987, April 12, 1989, August 21, 1989 and in August of 1994.
3. The Fourth Amendment and Restated Partnership Agreement of SVG
Properties, L.P. shall be amended as follows:
a. Article I Section 1.3 shall be amended to read as follows:
Principal Place of Business. The principal place of business of the
Partnership shall be 215 W. Main Street, Maple Shade, New Jersey, 08052.
b. The address of the registered office of the Partnership shall be
172 Tuckerton Road, Medford, New Jersey 08055. The name of the registered
agent at that address is Stephen M. Robinson, Esquire.
c. Article I Section 1.6 shall be amended to read as follows: The
name and place of residence or office address of each general partner and
limited partner is as follows:
Name of Partner
Address
Designation
Harry J. Santoro
215 W. Main Street
Maple Shade, NJ 08052
Limited
Roy Michie
Rt. #1 Box 2615
Reedville, VA 22539
Limited
Jon Wright
229 Glenmoor Road
Gladwyn, PA 19035
Limited
Thomas Fee, Sr.
1000 Lenola Road
Bldg. Two, Suite 200
Maple Shade, NJ 08052
Limited
Arthur Marks
7204 North Park Drive
Pennsauken, NJ 08110
Limited
Anthony E. Van Dervort
41 Evergreen Lane
Haddonfield, NJ 08033
Limited
Ivan Gordon
1850 Oak Lane
Reading, PA 19612
Limited
H.J.S. Venture Capital Co., Inc.
215 W. Main Street
Maple Shade, NJ 08052
Limited
H. James Santoro, Inc.
215 W. Main Street
Maple Shade, NJ 08052
Limited
H. James Santoro, Inc.
215 W. Main Street
Maple Shade, NJ 08052
General
d. Article II Section 2.1 shall be amended to read as follows: The
shares of the profits, losses or other compensation by way of income which a
Partner shall receive by reason of a Partner's capital contribution is as
follows:
Name of Partner
% of Ownership
Restated Capital
Harry J. Santoro
15.00%
139,832.00
Roy Michie
1.30%
12,119.00
Jon Wright
.55%
5,126.00
Thomas Fee, Sr.
.10%
932.00
Arthur Marks
4.55%
42,416.00
Anthony E. Van Dervort
5.00%
46,611.00
Ivan Gordon
10.00%
93,221.00
H.J.S. Venture Capital Co., Inc.
44.00%
410,173.00
H. James Santoro, Inc. (Limited)
15.00%
139,832.00
H. James Santoro, Inc. (General)
4.50%
41,949.00
TOTAL:
100.00%
932,211.00
4. The effective date of this Amendment shall be upon filing. IN
WITNESS WHEREOF, the parties hereto have caused this Limited Partnership
Agreement to be duly executed on this day of , 1994.
GENERAL PARTNER
H. JAMES SANTORO, INC.
Attest:
By: Harry J. Santoro, President
Harry J. Santoro, Secretary
C:\WP51\CLIENT\SVG\3091-11.046
