<PAGE>
Exhibit 2.4
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF MARYLAND
Greenbelt Division
---------------------------------------------
)
)
In re )
)
CRIIMI MAE Inc., et al., ) Chapter 11
) Case Nos. 98-2-3115(DK)
Debtors. ) through 98-2-3117(DK)
) (Jointly Administered)
)
---------------------------------------------
PRAECIPE FILING FURTHER SUBSTITUTED PAGES TO THE
DEBTORS' THIRD AMENDED JOINT PLAN OF REORGANIZATION
In connection with the hearing on approval of the Debtors'
Second Amended Joint Disclosure Statement (the "Disclosure Statement') held on
April 25, 2000, CRIIMI MAE Inc. ("CMI"), CRIIMI MAE Holdings II, L.P.
("Holdings") and CRIIMI MAE Management, Inc. ("Management") (collectively, the
"Debtors") and the Official Committee of Equity Security Holders of CMI (the
"Equity Committee"), by and through their undersigned counsel, hereby file this
Praecipe Filing Further Substituted Pages to the Debtors' Third Amended Joint
Plan of Reorganization (the "Plan").
Attached hereto as Exhibit 1 are further replacement pages to
be substituted into the Plan filed on April 25, 2000 as supplemented by the
replacement pages filed herein by Praecipe on July 13, 2000. The Plan to be sent
out to impaired classes of creditors and equity security holders for voting and
to be included as Exhibit A to the Disclosure Statement will be the Plan
including the replacement pages filed as
<PAGE>
Exhibit 1 hereto and those filed with the Praecipe previously filed herein on
July 13, 2000. To the extent of any overlap in changes, the replacement pages
filed herewith shall control.
Dated: July 21, 2000
VENABLE, BAETJER AND AKIN, GUMP, STRAUSS,
HOWARD, LLP HAUER & FELD, L.L.P.
By: /s/ By: /s/
-------------------------- --------------------------
Richard L. Wasserman Stanley J. Samorajczyk
Federal Bar No. 02784 Federal Bar No. 03113
Carrie B. Weinfeld 1333 New Hampshire Ave., NW
Federal Bar No. 25365 Washington, D.C. 20036
1800 Mercantile Bank and Trust Building (202) 887-4000
Two Hopkins Plaza
Baltimore, Maryland 21201 Co-Counsel for CRIIMI MAE Inc.
(410) 244-7400 and CRIIMI MAE Holdings II, L.P.,
Debtors-in-Possession
Co-Counsel for CRIIMI MAE Inc.
and CRIIMI MAE Holdings II, L.P.,
Debtors-in-Possession
SHULMAN, ROGERS, GANDAL, COVINGTON & BURLING
PORDY & ECKER, P.A.
By: /s/ By: /s/
-------------------------- --------------------------
Morton A. Faller Michael St. Patrick Baxter
Federal Bar No. 01488 Federal Bar No. 09694
11921 Rockville Pike Dennis B. Auerbach
Third Floor Federal Bar No. 09290
Rockville, MD 20852-2753 1201 Pennsylvania Avenue, N.W.
(301) 231-0928 Washington, D.C. 20044
(202) 662-6000
Counsel for CRIIMI MAE
Management, Inc., Counsel for the Official Committee
Debtor-in-Possession of Equity Security Holders of
CRIIMI MAE Inc.
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<PAGE>
FURTHER SUBSTITUTED PAGES TO THE
DEBTORS' THIRD AMENDED JOINT PLAN OF REORGANIZATION
EXHIBIT 1
_________
<PAGE>
UNITED STATES BANKRUPTCY COURT
DISTRICT OF MARYLAND
GREENBELT DIVISION
-----------------------------------------
)
)
In re )
)
CRIIMI MAE Inc., et al., ) Chapter 11
) Case Nos. 98-2-3115(DK)
Debtors. ) through 98-2-3117(DK)
) (Jointly Administered)
)
-----------------------------------------
DEBTORS' THIRD AMENDED JOINT PLAN OF REORGANIZATION
VENABLE, BAETJER AND HOWARD, LLP AKIN, GUMP, STRAUSS, HAUER
Richard L. Wasserman & FELD, L.L.P.
Gregory A. Cross Stanley J. Samorajczyk, P.C.
1800 Mercantile Bank and Trust Building Michael S. Stamer
Two Hopkins Plaza 1333 New Hampshire Avenue, N.W.
Baltimore, Maryland 21201 Washington, D.C. 20036
(410) 244-7400 (202) 887-4000
Co-Counsel to CRIIMI MAE Inc. Co-Counsel to CRIIMI MAE Inc.
and CRIIMI MAE Holdings II, L.P. and CRIIMI MAE Holdings II, L.P.
SHULMAN, ROGERS, GANDAL, COVINGTON & BURLING
PORDY & ECKER, P.A. Michael St. Patrick Baxter
Morton A. Faller Dennis B. Auerbach
11921 Rockville Pike 1201 Pennsylvania Avenue, N.W.
Third Floor Washington, D.C. 20044
Rockville, MD 20852-2753 (202) 662-6000
(301) 231-0928
Counsel to CRIIMI MAE Management, Inc. Counsel to the Official Committee of
Equity Security Holders of CRIIMI MAE
Inc.,
Co-Proponents of the Plan
Dated: Rockville, Maryland
July 21, 2000
<PAGE>
<TABLE>
<S> <C>
b. Professionals .................................................................... 19
c. Ordinary Course Liabilities ...................................................... 19
d. Tax Claims ....................................................................... 20
B. Identification of Classes of Claims and Interests Impaired and Not
Impaired by the Plan ........................................................................ 20
1. Claims Against and Interests in CMI .................................................... 20
2. Claims Against and Interests in CMM .................................................... 20
3. Claims Against and Interests in Holdings ............................................... 20
C. Treatment of Claims Against and Interests in CMI ............................................ 20
1. Class A1 (Citicorp Secured Claims) ..................................................... 20
2. Class A2 (First Union Secured Claim) ................................................... 20
3. Class A3 (GACC Secured Claim) .......................................................... 21
4. Class A4 (Lehman Secured Claim) ........................................................ 21
5. Class A5 (Merrill Secured Claim) ....................................................... 21
6. Class A6 (Morgan Stanley Secured Claim) ................................................ 21
7. Class A7 (Other Secured Claims) ........................................................ 21
8. Class A8 (Priority Claims) ............................................................. 21
9. Class A9 (Old Senior Note Claims) ...................................................... 21
10. Class A10 (CMI General Unsecured Claims) ............................................... 22
11. Class A11 (Guarantee Claims) ........................................................... 22
12. Class A12 (Freddie Mac Claims) ......................................................... 22
13. Class A13 (Intercompany Claims) ........................................................ 22
14. Class A14 (Series B Preferred Stock) ................................................... 22
15. Class A15 (Series B Preferred Stock Securities Claims) ................................. 23
16. Class A16 (Former Series C Preferred Stock) ............................................ 23
17. Class A17 (Former Series C Preferred Stock Securities Claims) .......................... 23
18. Class A18 (Old Series D Preferred Stock) ............................................... 23
19. Class A19 (Old Series D Preferred Stock Securities Claim) .............................. 24
20. Class A20 (Series F Dividend Preferred Stock) .......................................... 24
21. Class A21 (CMI Common Stock) ........................................................... 24
22. Class A22 (Stock Options) .............................................................. 24
23. Class A23 (CMI Common Stock Securities Claims) ......................................... 24
D. Treatment of Claims Against and Interests in CMM ............................................ 25
1. Class B1 (First Union Secured Claims) .................................................. 25
2. Class B2 (Other Secured Claims) ........................................................ 25
3. Class B3 (Priority Claims) ............................................................. 25
4. Class B4 (Guarantee Claims) ............................................................ 25
5. Class B5 (CMM General Unsecured Claims) ................................................ 25
6. Class B6 (Intercompany Claims) ......................................................... 25
7. Class B7 (CMI's Interests in CMM) ...................................................... 26
E. Treatment of Claims Against and Interests in Holdings ....................................... 26
1. Class C1 (Citicorp Secured Claims) ..................................................... 26
2. Class C2 (Other Secured Claims) ........................................................ 26
3. Class C3 (Priority Claims) ............................................................. 26
4. Class C4 (Guarantee Claims) ............................................................ 26
5. Class C5 (Holdings General Unsecured Claims) ........................................... 26
</TABLE>
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<PAGE>
<TABLE>
<S> <C>
6. Class C6 (Intercompany Claims) ......................................................... 26
7. Class C7 (Interests in Holdings) ....................................................... 27
F. Modification of Treatment of Claims ......................................................... 27
V. DISTRIBUTIONS UNDER THE PLAN ..................................................................... 27
A. Disbursing Agent ............................................................................ 27
B. Timing of Distributions ..................................................................... 27
C. Methods of Distributions .................................................................... 27
1. Cash Payments .......................................................................... 27
2. Compliance with Tax Requirements ....................................................... 28
D. Distribution Record Date .................................................................... 28
E. Surrender of Cancelled Old Securities and Exchange of Old
Securities for New Securities ............................................................... 28
1. Tender of Old Securities ............................................................... 28
a. Old Securities Held in Book-Entry Form ............................................. 29
b. Old Securities in Physical, Registered, Certificated Form .......................... 29
2. Delivery of New Securities in Exchange for Old Securities .............................. 29
3. Special Procedures for Lost, Stolen, Mutiliated or Destroyed
Instruments ............................................................................ 30
4. Failure to Surrender Cancelled Instrument .............................................. 30
F. Release of Security Interests in or Other Claims to or against Assets
or Property of the Reorganized Debtors by Creditors Paid Pursuant
to the Plan ................................................................................. 31
G. Delivery of Distributions; Undeliverable or Unclaimed Distributions ......................... 31
H. Procedures for Treating Disputed Claims Under Plan of Reorganization ........................ 32
1. Disputed Claims ........................................................................ 32
a. Process ............................................................................ 32
b. Tort Claims ........................................................................ 32
2. Objections to Claims and Interests ..................................................... 33
3. Professional Claims .................................................................... 33
4. No Distributions Pending Allowance ..................................................... 33
5. Distributions on Account of Disputed Claims and Interests
Once They are Allowed .................................................................. 33
I. Setoffs ..................................................................................... 33
VI. INDIVIDUAL HOLDER PROOFS OF INTEREST ............................................................. 34
VII. TREATMENT OF EXECUTORY CONTRACTS AND UNEXPIRED LEASES ............................................ 34
A. Assumptions ................................................................................. 34
B. Cure of Defaults in Connection with Assumption .............................................. 34
C. Rejections .................................................................................. 34
D. Bar Date for Rejection Damages .............................................................. 35
VIII. ACCEPTANCE OR REJECTION OF THE PLAN .............................................................. 35
A. Voting Classes .............................................................................. 35
B. Presumed Acceptances of Plan ................................................................ 35
C. Confirmability of Plan and Cramdown ......................................................... 35
IX. MEANS FOR EXECUTION AND IMPLEMENTATION OF THE PLAN ............................................... 36
A. Corporate Structure ......................................................................... 36
B. Corporate Action ............................................................................ 36
</TABLE>
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<PAGE>
<TABLE>
<S> <C>
1. Cancellation of Old Securities and Related Agreements .................................. 36
2. Articles of Incorporation and Bylaws for Reorganized CMI ............................... 36
3. Articles of Incorporation and Bylaws for Reorganized CMM ............................... 37
4. Directors and Management of Reorganized CMI ............................................ 37
5. Directors and Management of Reorganized CMM and
Reorganized Holdings ................................................................... 37
6. No Further Corporate Action ............................................................ 38
C. Implementation .............................................................................. 38
D. Effectuating Documents and Actions .......................................................... 38
E. Term of Injunctions or Stays ................................................................ 38
F. No Interest; Disallowance of Penalties and Premiums ......................................... 38
G. Retiree Benefits ............................................................................ 39
H. Recapitalization Financing Including Issuance of New Securities ............................. 39
I. Sale of the CMBS Sale Portfolio ............................................................. 39
J. Potential New Equity Investment and Rights Offering ......................................... 39
K. Second Amended and Restated Stock Option Plan ............................................... 40
L. Affiliate Reorganization..................................................................... 41
X. CONFIRMATION AND EFFECTIVE DATE CONDITIONS ....................................................... 41
A. Conditions to Confirmation .................................................................. 41
B. Conditions to Effective Date ................................................................ 42
XI. EFFECTS OF PLAN CONFIRMATION ..................................................................... 42
A. Discharge of Debtors and Injunction ......................................................... 42
B. Limitation of Liability ..................................................................... 43
C. Releases .................................................................................... 43
D. Indemnification ............................................................................. 44
E. Vesting of Assets ........................................................................... 45
F. Preservation of Causes of Action ............................................................ 45
G. Retention of Bankruptcy Court Jurisdiction .................................................. 45
H. Failure of Bankruptcy Court to Exercise Jurisdiction ........................................ 47
I. Committees .................................................................................. 47
XII. MISCELLANEOUS PROVISIONS ......................................................................... 48
A. Final Order ................................................................................. 48
B. Modification of the Plan .................................................................... 48
C. Revocation of the Plan ...................................................................... 49
D. Application of Section 1145 of the Bankruptcy Code and Federal
Securities Laws ............................................................................. 49
E. Application of Section 1146(c) of the Bankruptcy Code ....................................... 49
F. Successors and Assigns ...................................................................... 49
G. Saturday, Sunday or Legal Holiday ........................................................... 49
H. Committee Action ............................................................................ 50
I. Post-Effective Date Effect of Evidences of Claims or Interests .............................. 50
J. Governing Law ............................................................................... 50
K. No Liability for Solicitation or Participation .............................................. 50
L. Severability of CMM Provisions .............................................................. 50
M. No Admissions or Waiver of Objections........................................................ 50
</TABLE>
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<PAGE>
64. "INDENTURE TRUSTEE" means State Street Bank, as indenture trustee
for the Old Senior Notes or any successor thereto.
65. "INSTRUMENT" means any share of stock, security, promissory note or
other "INSTRUMENT," within the meaning of that term, as defined in Section 9-105
(1) (i) of the UCC.
66. "INSURANCE PROCEEDS" means the insurance proceeds payable to or on
behalf of CMI with respect to an Allowed Securities Claim.
67. "INTERCOMPANY CLAIMS" means any and all Claims and causes of action
which any of the Debtors holds against any other Debtor.
68. "INTEREST" means the interest of any equity security Holder of the
Debtors, whether or not asserted, as defined in Section 101 (17) of the
Bankruptcy Code.
69. "LETTER OF TRANSMITTAL" shall have the meaning ascribed to such
term in Section V.E.l.b of the Plan.
70. "LIBOR" means the London Interbank Offered Rate for one-month
United States dollars deposits as set forth on page 3750 of Telerate as of 8:00
a.m., New York City time, on the date of determination.
71. "LOCAL BANKRUPTCY RULES" means the local rules of the Bankruptcy
Court, as applicable from time to time in the Reorganization Cases.
72. "MERRILL" means Merrill Lynch Mortgage Capital Inc.
73. "NEW DEBT" means the new secured and unsecured debt to be borrowed
by, or issued pursuant to this Plan to creditors of, the Reorganized Debtors as
part of funding this Plan and the Reorganized Debtors.
74. "NEW EQUITY" means the new equity capital (if applicable) raised by
Reorganized CMI in accordance with Section IX.J of this Plan.
75. "NEW SECURITIES" means the Class A9/A10 Notes, the Series E
Preferred Stock (to be issued in exchange for the Old Series D Preferred
Stock, provided, however, that if the Old Series D Preferred Stock is
exchanged for Series E Preferred Stock prior to the Effective Date, then such
Series E Preferred Stock shall not be deemed New Securities) and any CMI
Common Stock issued on the Effective Date as payment for accrued and unpaid
dividends to Holders of any series of CMI preferred stock (including the
Former Series C Preferred Stock and the former Series D Preferred Stock if
the Old Series D Preferred Stock is exchanged for Series E Preferred Stock
prior to the Effective Date).
76. "OLD CMI PREFERRED STOCK" means the Old Series D Preferred Stock.
77. "OLD SECURITIES" means the Old Senior Notes and the Old CMI
Preferred Stock.
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<PAGE>
d. Tax Claims.
All requests for payment of Post-Petition Tax Claims, for which no bar
date has otherwise been previously established, must be Filed on or before the
later of (i) sixty (60) days following the Effective Date, and (ii) 120 days
following the filing of the tax return for such taxes for such tax year or
period with the applicable governmental unit. Any Holder of any Post-Petition
Tax Claim that is required to File a request for payment of such taxes and that
does not File such a Claim by the applicable bar date shall be forever barred
from asserting any such Post-Petition Tax Claim against the Debtors, Reorganized
CMI, Reorganized CMM or Reorganized Holdings, or any of their respective
properties, whether any such Post-Petition Tax Claim is deemed to arise prior
to, on or subsequent to the Effective Date.
B. Identification of Classes of Claims and Interests Impaired and Not
Impaired by the Plan.
1. Claims Against and Interests in CMI.
Classes A8, A12, A15, A17, A19, A22 and A23 are not Impaired by the
Plan. Classes A1, A2, A3, A4, A5, A6, A7, A9, A10, A11, A13, A14, A16, A18, A20
and A21 are Impaired Classes under the Plan.
2. Claims Against and Interests in CMM.
Classes B3, B4 and B7 are not Impaired by the Plan. Classes B1, B2, B5
and B6 are Impaired Classes under the Plan.
3. Claims Against and Interests in Holdings.
Classes C3, C4 and C7 are not Impaired by the Plan. Classes C1, C2, C5
and C6 are Impaired Classes under the Plan.
C. Treatment of Claims Against and Interests in CMI.
1. Class A1 (Citicorp Secured Claims).
The Holder of the Allowed Class A1 Claim shall receive on the Effective
Date
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<PAGE>
the treatment of its Allowed Secured Claim set forth on Exhibit 4 hereto, or
such other treatment as may be agreed to by CMI and the Holder of the Allowed
Class A1 Claim. As set forth in Exhibit 4, the treatment set forth therein
resolves all Claims of the Holder of the Allowed Class A1 Claim, and the
affiliates thereof referenced in Exhibit 4, against each of the Debtors, the
Reorganized Debtors and CRIIMI MAE Brick Church, Inc.
2. Class A2 (First Union Secured Claim).
The Holder of the Allowed Class A2 Claim shall receive on the Effective
Date payment in full in Cash of any remaining balance of its Allowed Class A2
Claim with interest on the principal balance of such Allowed Claim calculated at
the Plan Rate.
3. Class A3 (GACC Secured Claim).
The Holder of the Allowed Class A3 Claim shall receive on the Effective
Date the treatment of its Allowed Secured Claim set forth on Exhibit 1 hereto,
or such other treatment as may be agreed to by CMI and the Holder of the Allowed
Class A3 Claim.
4. Class A4 (Lehman Secured Claim).
The Holder of the Allowed Class A4 Claim shall receive on the Effective
Date payment in full in Cash of any remaining balance of its Allowed Class A4
Claim with interest on the principal balance of such Allowed Claim calculated at
the Plan Rate.
5. Class A5 (Merrill Secured Claim).
The Holder of the Allowed Class A5 Claim shall receive on the Effective
Date the treatment of its Allowed Secured Claim set forth on Exhibit 1 hereto,
or such other treatment as may be agreed to by CMI and the Holder of the Allowed
Class A5 Claim.
6. Class A6 (Morgan Stanley Secured Claim).
The Holder of the Allowed Class A6 Claim shall receive on the Effective
Date payment in full in Cash of any remaining balance of its Allowed Class A6
Claim with interest on the principal balance of such Allowed Claim calculated at
the Plan Rate.
7. Class A7 (Other Secured Claims).
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<PAGE>
7. Class B7 (CMI's Interests in CMM).
The Holder of the Class B7 Interest shall retain its Interest under
this Plan.
E. Treatment of Claims Against and Interests in Holdings.
1. Class C1 (Citicorp Secured Claims).
The Holder of any remaining Allowed Class C1 Claim (if any) shall be
included in and satisfied as part of the treatment of the Holder of the Allowed
Class A1 Claim as set forth on Exhibit 4 hereto.
2. Class C2 (Other Secured Claims).
The Holder of an Allowed Class C2 Claim (if any) shall receive on the
Effective Date either (i) payment in full in Cash of the Allowed Class C2 Claim
with interest on the principal balance of any such Allowed Claim calculated at
the Plan Rate, (ii) if Holdings so elects, the collateral securing the Allowed
Class C2 Claim (if any) in full satisfaction of such Claim, or (iii) such other
treatment as may be agreed to by Holdings and the Holder(s), if any, of Allowed
Class C2 Claim(s).
3. Class C3 (Priority Claims).
The Holders of Allowed Class C3 Claims shall receive on the Effective
Date payment in full in Cash of Allowed Class C3 Claims including Plan Interest
thereon.
4. Class C4 (Guarantee Claims).
The Holders of Allowed Class C4 Claims (if any) shall receive if, as
and when any such Claim is allowed by Final Order payment in Cash in full
including Plan Interest thereon if, and only to the extent, not fully treated
with respect to such Holder's underlying Allowed Claim under the Plan treatment
for Claims against CMI or CMM, as the case may be.
5. Class C5 (Holdings General Unsecured Claims).
The Holders of Allowed Class C5 Claims (if any) shall, if, as and when
any such Claim is allowed by Final Order, receive payment in full in Cash of any
such Allowed Class C5 Claim with any accrued and unpaid pre-petition and
post-petition interest thereon calculated at the non-default contract rate of
interest in such Holder's documents for any Holders of Allowed Class C5 Claims
who have a contract, the invoice rate (capped at 9-1/8%) for any such Holders
who have an invoice rate, and 6% for any other Holders of Allowed C5 Claims.
6. Class C6 (Intercompany Claims).
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<PAGE>
to 2,198,831 shares, contemplated by the terms and provisions of the Second
Amended and Restated Stock Option Plan, until CMI emerges from Chapter 11) to
4,500,000; to extend the time in which options may be granted under the Plan
from June 30, 2000 until June 30, 2002, and to effect changes consistent with
current securities and tax laws. After the Effective Date it is expected that
common stockholder approval of the material terms of the Second Amended Employee
Stock Option Plan will be sought for purposes of becoming exempt from the
deduction limits set forth in Section 162(m) of the Internal Revenue Code.
CMI's Non-Employee Director Stock Option Plan in place prior to the
Effective Date shall remain in place after the Effective Date and Reorganized
CMI shall continue to honor such option plan.
L. Affiliate Reorganization.
In order to secure certain financing contemplated under this Plan
with the commercial mortgage backed securities representing the equity
interests in CBO-1, and CBO-2 (the "Equity Interests"), CMI anticipates that,
as a part of this Plan, either (i) a reorganization of certain CMI affiliated
entities will be effected resulting in REIT subsidiaries holding the Equity
Interests or owning the stock in the qualified REIT subsidiaries holding the
Equity Interests, or (ii) the qualified REIT subsidiaries holding the Equity
Interests or the trusts holding the underlying assets will elect REIT status
(and other actions will be taken as necessary to effect such election); with
the intent to secure such financing with a pledge of stock in the REITs, in
lieu of a direct pledge of the Equity Interests. In addition, certain other
actions may be taken as necessary to implement the foregoing. All of the
actions taken in accordance with this Section shall be consistent with the
provisions of Exhibit 2 hereto governing the treatment of Class A9 and Class
A10.
X. CONFIRMATION AND EFFECTIVE DATE CONDITIONS
__________________________________________
A. CONDITIONS TO CONFIRMATION.
Confirmation of this Plan is conditioned upon satisfaction of the
applicable provisions of Section 1129 of the Bankruptcy Code and entry of a
Confirmation Order by the Bankruptcy Court in form and substance satisfactory to
the Debtors and the CMI Equity Committee. Among other things, the Confirmation
Order shall authorize and direct that the Debtors, Reorganized CMI, Reorganized
CMM and Reorganized Holdings take all actions necessary or appropriate to enter
into, implement and consummate the contracts, instruments, releases, leases,
indentures and other agreements or documents created in connection with or
contemplated by this Plan, including, but not limited to, those actions
contemplated by the provisions of this Plan set forth in Section XII hereof, and
shall provide that all New Securities to be issued to Holders of Claims and
Interests pursuant to this Plan and all securities issuable upon the conversion
of the New Securities are exempt from registration under federal and state
securities laws (other than the Trust Indenture Act) pursuant to Section 1145 of
the Bankruptcy Code and that the solicitation of Holders of CMI Common Stock,
Series B Preferred Stock and Old Senior Notes is exempt under Rule 14a-2(a)(4)
of the proxy regulations under the Securities Exchange Act of 1934.
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<PAGE>
Debtors nor the CMI Equity Committee are bound by any statements herein or in
the Disclosure Statement as judicial admissions.
DATED: July 21, 2000
CRIIMI MAE Inc.
a Maryland corporation
By:
-------------------------------
Name: Cynthia O. Azzara
Title: Senior Vice President
CRIIMI MAE Management, Inc.
a Maryland corporation
By:
-------------------------------
Name: Cynthia O. Azzara
Title: Senior Vice President
CRIIMI MAE Holdings II, L.P.
a Delaware Limited Partnership
By: CRIIMI MAE Inc.
its General Partner
By:
-------------------------------
Name: Cynthia O. Azzara
Title: Senior Vice President
VENABLE, BAETJER AND HOWARD, LLP AKIN, GUMP, STRAUSS HAUER
& FELD L.L.P.
By: By:
----------------------------------------- -------------------------------
Richard L. Wasserman Stanley J. Samorajczyk
Gregory A. Cross Michael S. Stamer
1800 Mercantile Bank and Trust Building 1333 New Hampshire Ave., NW
Two Hopkins Plaza Washington, D.C. 20036
Baltimore, Maryland 21201 (202) 887-4000
(410) 244-7400
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<PAGE>
CERTIFICATE OF SERVICE
I HEREBY CERTIFY that on this 21ST day of July, 2000, copies
of the Praecipe Filing Further Substituted Pages to the Debtors' Third Amended
Joint Plan of Reorganization were sent via first-class mail, postage prepaid
(except as otherwise indicated), to the persons on the attached service list.
/s/
------------------------
Richard L. Wasserman
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