0001104659-03-007428 Sample Contracts

ENVIRONMENTAL INDEMNITY AGREEMENT
Environmental Indemnity Agreement • April 28th, 2003 • Horizon Group Properties Inc • Real estate investment trusts

THIS ENVIRONMENTAL INDEMNITY AGREEMENT (this “Agreement”), dated as of April 24, 2003 is entered into and delivered, jointly and severally, by HORIZON GROUP PROPERTIES, L.P., a Delaware limited partnership (“Borrower”) and HORIZON GROUP PROPERTIES, INC., a Maryland corporation (“Guarantor”) to and for the benefit of AMSTER TRADING COMPANY CHARITABLE REMAINDER UNITRUST DATED MARCH 10, 2003 (“Lender”).

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GUARANTY OF PAYMENT AND COMPLETION
Payment and Completion • April 28th, 2003 • Horizon Group Properties Inc • Real estate investment trusts • Illinois

THIS GUARANTY OF PAYMENT AND COMPLETION (this “Guaranty”) is dated as of April 24, 2003 and given by HORIZON GROUP PROPERTIES, INC., a Maryland corporation (the “Guarantor”), to and for the benefit of AMSTER TRADING COMPANY CHARITABLE REMAINDER UNITRUST DATED MARCH 10, 2003 (“Lender”).

CONSTRUCTION AND TERM LOAN AGREEMENT
Construction and Term Loan Agreement • April 28th, 2003 • Horizon Group Properties Inc • Real estate investment trusts • Illinois

THIS CONSTRUCTION AND TERM LOAN AGREEMENT (this “Agreement”) is made as of April 24, 2003 by and between Horizon Group Properties, L.P., a Delaware limited partnership (“Borrower”), and Amster Trading Company Charitable Remainder Unitrust dated March 10, 2003 (“Lender”).

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