0001104659-02-002121 Sample Contracts

OPTION TO ACQUIRE SHARES FROM A SHAREHOLDER
Temporary Financial Services Inc • May 13th, 2002 • Finance services • Washington

THIS AGREEMENT is by and between TEMPORARY FINANCIAL SERVICES, INC. (“TFS”) which owns 800,000 shares of the common stock of Genesis Financial, Inc., a Washington corporation (the “GENESIS”), and Michael A. Kirk and Douglas B. Durham (collectively the “Buyer”).

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SECURITY AGREEMENT
Security Agreement • May 13th, 2002 • Temporary Financial Services Inc • Finance services • Washington
GENESIS FINANCIAL, INC. STOCK INVESTMENT AGREEMENT
Stock Investment Agreement • May 13th, 2002 • Temporary Financial Services Inc • Finance services • Washington

This Agreement is made as of January 25, 2002, among GENESIS FINANCIAL, INC., a Washington corporation (the “GENESIS”), and the Purchasers listed in Section 1.1.2, below (the “Purchasers”).

GUARANTY
Temporary Financial Services Inc • May 13th, 2002 • Finance services • Washington

This Guaranty supports and backs the Warehousing Line of Credit Promissory Note and the related Security Agreement between BORROWER and LENDER, both dated as of February 20, 2002 (collectively the “Credit Facility”).

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