Exhibit 99.7
AMENDMENT
TO
TEEBANK LIMITED PARTNERSHIP AGREEMENT
The undersigned, being all of the partners in Teebank Limited Partnership (“Partnership”), hereby amend the provisions of that certain Limited Partnership Agreement dated January 1, 2006 (“Agreement”) in accordance with Section 14.1 of the Agreement.
Addition of Paragraph 7.1(g) to Article 7 of the Agreement
New paragraph 7.1(g) will read as follows:
7.1 (g) Notwithstanding any other provision of this Agreement to the contrary, an existing partner that contributes assets to the Partnership shall receive one General Partnership unit and an additional pro rata number of Limited Partnership units. The one general partnership unit will be freely transferable to any other partner, and the general partner who owns such unit may, so long as such general partner owns any limited partnership units issued at the same time as the one general partnership unit, withdraw the assets contributed (including all proceeds received in exchange for such assets and any undistributed income attributable to such assets) at any time by giving written notice to the remaining General Partners. In all other respects, the owner of the one general partnership unit will be a General Partner as provided in this Agreement.
In all other respects, the Partnership Agreement, as initially adopted effective January 1,
2006, will remain in full force and effect.
In order to evidence their understanding of and agreement to all the terms and conditions of this instrument, the parties have signed multiple copies of this Agreement, each one of which, when signed by all the parties, will be considered an original.
Date: August 14, 2020
General Partners: | Limited Partners: | |
Jean S. Trager Irrevocable Trust dated July 31, 2006 | /s/ Scott Trager | |
| Scott Trager |
By: | /s/ Steven E. Trager | /s/ Andrew Trager-Kusman | |
| Steven E. Trager, Co-Trustee | Andrew Trager-Kusman |
Steven E. Trager Revocable Trust dated October 3, 2014 as amended | /s/ Kevin Trager | |
| Kevin Trager |
By: | /s/ Steven E. Trager | /s/ Michael Trager-Kusman | |
| Steven E. Trager, Trustee | Michael Trager-Kusman | ||
| /s/ Brett Kusman | |||
| Brett Kusman | |||
| /s/ Emily Trager | ||
| Emily Trager | |||
| Jean S. Trager Revocable Trust dated June 8, 2017 | ||
| By: | /s/ Steven E. Trager | |
| Steven E. Trager, Trustee | ||
| Steven E. Trager Revocable Trust dated October 3, 2014 as amended | ||
| By: | /s/ Steven E. Trager | |
| Steven E. Trager, Trustee | ||
| Bernard Trager Revocable Trust dated February 5, 2012 (Jean S. Trager Marital Trust) | ||
| By: | /s/ Steven E. Trager | |
| Steven E. Trager, Trustee | ||
| Andrew Kusman Trust dated December 27, 1989 | ||
| By: | /s/ Steven E. Trager | |
| Steven E. Trager, Trustee | ||
| Andrew Trager-Kusman Trust of 2011 dated August 1, 2011 | ||
| By: | /s/ Steven E. Trager | |
| Steven E. Trager, Trustee | ||
| Michael Kusman Trust dated December 27, 1989 | ||
| By: | /s/ Steven E. Trager | |
| Steven E. Trager, Trustee | ||
| Michael Trager-Kusman Trust of 2011 dated August 1, 2011 | ||
| By: | /s/ Steven E. Trager | |
| Steven E. Trager, Trustee | ||
| Kevin Trager Trust dated December 27, 1989 | ||
| By: | /s/ Steven E. Trager | |
| Steven E. Trager, Trustee | ||
| Kevin Trager Grantor Trust of 2011 dated August 1, 2011 | ||
| By: | /s/ Steven E. Trager | |
| Steven E. Trager, Trustee | ||
| Brett Kusman Trust dated January 2, 1992 | ||
| By: | /s/ Steven E. Trager | |
| Steven E. Trager, Trustee | ||
| Brett Kusman Trust of 2011 dated August 1, 2011 | ||
| By: | /s/ Steven E. Trager | |
| Steven E. Trager, Trustee | ||
| Emily Trager Trust dated June 1, 1992 | ||
| By: | /s/ Steven E. Trager | |
| Steven E. Trager, Trustee | ||
| Emily Trager Grantor Trust of 2011 dated August 1, 2011 | ||
| By: | /s/ Steven E. Trager | |
| Steven E. Trager, Trustee | ||
| Shelley Kusman Irrevocable Trust dated January 13, 2004 | ||
| By: | /s/ Steven E. Trager | |
| Steven E. Trager, Trustee | ||
| Kevin Trager Irrevocable Trust dated June 22, 2009 | ||
| By: | /s/ Sheldon G. Gilman | |
| Sheldon G. Gilman, Trustee | ||
| Kevin Trager Trust of 2012 dated November 7, 2012 | ||
| By: | /s/ Sheldon G. Gilman | |
| Sheldon G. Gilman, Trustee | ||
| Emily Trager Irrevocable Trust dated June 22, 2009 | ||
| By: | /s/ Sheldon G. Gilman | |
| Sheldon G. Gilman, Trustee | ||
| Emily Trager Trust of 2012 dated November 7, 2012 | ||
| By: | /s/ Sheldon G. Gilman | |
| Sheldon G. Gilman, Trustee | ||
| Trager Trust of 2012 dated November 9, 2012 | ||
| By: | /s/ Steven E. Trager | |
| Steven E. Trager, Trustee | ||
| Jean S. Trager Irrevocable Trust dated July 31, 2006 | ||
| By: | /s/ Steven E. Trager | |
| Steven E. Trager, Co-Trustee | ||
| Steven E. Trager Irrevocable Trust dated December 10, 2018 | ||
| By: | /s/ Amy Trager | |
| Amy Trager, Co-Trustee | ||
| Shelley Trager Kusman 2018 Irrevocable Trust dated November 5, 2018 | ||
| By: | /s/ Andrew Trager-Kusman | |
| Andrew Trager-Kusman, Co-Trustee | ||
