0000929624-01-000025 Sample Contracts

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Loan Agreement • January 10th, 2001 • Grubb & Ellis Co • Real estate agents & managers (for others)

FOR VALUE RECEIVED, the undersigned, GRUBB & ELLIS COMPANY, a Delaware corporation (the "Borrower"), hereby unconditionally promises to pay to the -------- order of AMERICAN NATIONAL BANK AND TRUST COMPANY OF CHICAGO (the "Lender"), at the office of Administrative Agent located at 100 North Tryon Street, 7th Floor, Charlotte, North Carolina 28255-0001 in lawful money of the United States of America and in immediately available funds, on the dates set forth in the Credit Agreement referred to below, the principal amount of all Loans of the Lender made to the Borrower pursuant to Section 2.1 of the Credit Agreement. The Borrower further agrees to pay interest in like money at such office on the unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in Section 4.7 of the Credit Agreement. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

Exhibit (b)(5) SWINGLINE LOAN NOTE -------------------
Swingline Loan Note • January 10th, 2001 • Grubb & Ellis Co • Real estate agents & managers (for others)

FOR VALUE RECEIVED, the undersigned, GRUBB & ELLIS COMPANY, a Delaware corporation (the "Borrower"), hereby unconditionally promises to pay to the order of BANK OF AMERICA, N.A. (the "Lender"), at the office of Administrative Agent located at 100 North Tryon Street, 7th Floor, Charlotte, North Carolina 28255-0001, in lawful money of the United States of America and in immediately available funds, on the dates specified in the Credit Agreement referred to below and on the Revolving Credit Termination Date, the principal amount of TWO MILLION AND XX/100 DOLLARS ($2,000,000.00), or, if less, the aggregate unpaid principal amount of all Swingline Loans of the Swingline Lender made to the Borrower pursuant to Section 2.1 of the Credit Agreement (as defined below). The Borrower further agrees to pay interest in like money at such office on the unpaid principal amount hereof from time to time outstanding at the rates and on the dates specified in Section 4.7 of the Credit Agreement. Unless ot

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