February 15, 2003 ADDENDUM TO
WAREHOUSING LINE OF CREDIT PROMISSORY NOTE
Originally Dated February 20, 2002
On February 20, 2002, Temporary Financial Services, Inc. ("TFS") and Genesis Financial, Inc. ("GENESIS")
entered into a Warehousing Line of Credit Promissory Note and related loan documents (collectively the "Line of
Credit") for a $2,000,000 secured line of credit. TFS was the lender and GENESIS was the borrower under
these documents. The Line was intended to provide GENESIS with funds for the purchase of seller financed real
estate contracts. The Warehousing Line of Credit Promissory Note is due by its terms on February 15, 2003.
In January, 2003, TFS and GENESIS agreed that an extension of the line of credit would be needed as
GENESIS was not yet in a position to obtain funding from other sources or through other means. TFS agreed to
extend the line of credit through August 15, 2003 in order to allow TFS and GENESIS to negotiate new terms
for the Line of Credit. On February 15, 2003, TFS and GENESIS entered into this Addendum to the
Warehousing Line of Credit Agreement.
This Addendum changes the due date for the Warehousing Line of Credit Promissory Note to August 15, 2003.
All other terms of the Line of Credit remain in full force and effect, including the "Advance and Repayment
Procedures," the "Financial Covenants and Reporting Obligations," the "Security Agreement," and the "Guaranty."
TFS and GENESIS agree to negotiate in good faith for an extension of the Line of Credit and agree to execute
an appropriate agreement reflecting the additional extension as soon as the terms are agreed upon, but in no event
later than August 15, 2003.
Dated this 15th day of February, 2003.
GENESIS FINANCIAL, INC. ATTEST:
/s/ Michael A. Kirk, President /s/ Douglas B. Durham, Chairman
Accepted this 15th day of February, 2002 in Spokane, Washington.
Temporary Financial Services, Inc. Attest:
/s/ John R. Coghlan, President