FIRST AMENDMENT TO
AMENDED AND RESTATED BUSINESS LOAN AGREEMENT
THIS FIRST AMENDMENT TO AMENDED AND RESTATED BUSINESS LOAN AGREEMENT ("First
Amendment"), made October 1, 1997, but effective September 21, 1997 ("Effective Date"), by and between
AGREE LIMITED PARTNERSHIP, a Delaware limited partnership, whose address is 31850 Northwestern
Highway, Farmington Hills, Michigan 48334 (the "Borrower") and MICHIGAN NATIONAL BANK, a national
banking association, whose address is 27777 Inkster Road (10-02), Farmington Hills, Michigan 48333-9065
(the "Bank"). Capitalized terms used but not defined in this First Amendment shall have the meaning assigned to
such terms in the Restated Agreement (as defined below).
WHEREAS, Borrower and Bank entered into an Amended and Restated Business Loan Agreement dated
September 30, 1996, but effective September 21, 1996 ("Restated Agreement"), whereby Bank agreed to make
a $5,000,000 Line of Credit Loan ("Loan") available to Borrower;
WHEREAS, the Loan has matured; and
WHEREAS, Borrower has requested Bank to extend the maturity date of the Loan and modify and amend
certain terms of the Restated Loan Agreement to evidence the extension of the Loan and Bank has agreed to do
so upon the terms and condition of this First Amendment.
NOW, THEREFORE, in consideration of and in reliance upon the foregoing recitals of fact and the agreements
among the parties set forth in this Agreement, the Restated Agreement is hereby amended as follows:
A. AMENDMENT OF RESTATED AGREEMENT.
1. Amendment of Section I. The INTEREST RATE, MATURITY DATE AND LOAN DATE set forth in
Section I of the Restated Agreement are changed to read "MNB Prime or 200 b.p. (2.00%) in excess of 1-
month LIBOR", "September 21, 1998" and "September 21, 1997", respectively.
2. Amendment of Section III.P. Section III.P. is restated in its entirety to read as follows:
"P. Borrower's Operations. Operations of Borrower shall be limited to the acquisition, ownership and
management of re