AMENDED AND RESTATED
LOAN AND SECURITY AGREEMENT
This AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT is entered into as of December
14, 1994, by and between GREYHOUND FINANCIAL CORPORATION, a Delaware corporation, and
PATTEN CORPORATION, a Massachusetts corporation.
R E C I T A L S
A. Borrower and Lender entered into a Loan and Security Agreement dated as of February 18, 1994 (as
amended, "Existing Loan Agreement"). The Existing Loan Agreement relates to a construction loan in a maximum
aggregate principal amount not to exceed $3,100,000 ("Existing Construction Loan") and revolving line of credit
receivables loan in a maximum principal amount not to exceed $5,000,000.00 at any time.
B. Under the terms of the Existing Loan Agreement, the unpaid principal balance of the Existing Construction
Loan may not exceed $2,100,000 at any time and advances are to be made only for the purpose of paying or
reimbursing Borrower for expenses ("Phase One Expenses") incurred in connection with the construction of the
first phase of 18 units in the time-share resort known as "Mountainloft" in Gatlinburg, Tennessee.
C. Borrower and Lender wish to amend and restate the Existing Loan Agreement, subject to the terms and
conditions set forth below, to allow Borrower to obtain an advance of the Existing Construction Loan to
reimburse Borrower to satisfy the deed of trust lien in favor of Clayton Brown & Associates, dated November
15, 1993, and recorded November 18, 1993, in Trust Book 498, beginning at Page 624, in the Register's Office
of Sevier County, Tennessee, to allow Borrower to obtain advances of the Existing Construction Loan for the
purpose of paying or reimbursing Borrower for the Phase One Expenses for expenses incurred in connection with
the construction of the second phase, consisting of 25 units, in the Mountainloft resort, and to eliminate the
restriction in the Loan Agreement that the unpaid principal balance of the Existing Construction Loan not exceed