0001104659-03-019771 Sample Contracts

AMENDMENT TO AGREEMENT OF PURCHASE AND SALE
Agreement of Purchase and Sale • August 29th, 2003 • Horizon Group Properties Inc • Real estate investment trusts

THIS AMENDMENT TO AGREEMENT OF PURCHASE AND SALE (“Amendment”) is made this 3rd day of June, 2003 by and between LAKESHORE MARKETPLACE, LLC, a Delaware limited liability company, and MONROE OUTLET CENTER, LLC, a Michigan limited liability company (collectively referred to as “Seller”), and RAMCO-GERSHENSON PROPERTIES, L.P., a Delaware limited partnership (“Purchaser”).

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ASSIGNMENT OF ACCOUNT AND SECURITY AGREEMENT
Assignment of Account and Security Agreement • August 29th, 2003 • Horizon Group Properties Inc • Real estate investment trusts

This ASSIGNMENT OF ACCOUNT AND SECURITY AGREEMENT (the “Agreement”) is made and entered into this 19th day of August, 2003, by and among BEAL BANK, S.S.B., a savings bank organized under the laws of the State of Texas (the “Lender”), MONROE OUTLET CENTER, LLC, a Michigan limited liability company (“Monroe”), and HUNTLEY DEVELOPMENT LIMITED PARTNERSHIP (“HDLP”), an Illinois limited partnership (the “Borrower”).

CONSENT AND ASSUMPTION AGREEMENT
Consent and Assumption Agreement • August 29th, 2003 • Horizon Group Properties Inc • Real estate investment trusts

This Consent and Assumption Agreement (this “Agreement”) is made as of August 19, 2003 by and among LAKESHORE MARKETPLACE, LLC, a Delaware limited liability company (“Seller”), RAMCO LAKESHORE LLC, a Delaware limited liability company, f/k/a Lakeshore MP, LLC (“Buyer”), LAKESHORE MARKETPLACE FINANCE COMPANY, INC., a Delaware corporation, HORIZON GROUP PROPERTIES, L.P., a Delaware limited partnership, HORIZON GROUP PROPERTIES, INC., a Delaware corporation (collectively, whether one or more, “Original Guarantor”), RAMCO-GERSHENSON PROPERTIES, L.P., a Delaware limited partnership (“Guarantor”), and WELLS FARGO BANK MINNESOTA, N.A., as trustee for the registered holders of Salomon Brothers Mortgage Securities VII, Inc., Commercial Mortgage Pass-Through Certificates, Series 2001-C2, acting by and through its Master Servicer and General Special Servicer, Midland Loan Services, Inc. (collectively referred to herein as “Lender”), with reference to the following facts:

FIFTH MODIFICATION AGREEMENT
Fifth Modification Agreement • August 29th, 2003 • Horizon Group Properties Inc • Real estate investment trusts

THIS FIFTH MODIFICATION AGREEMENT (this “Agreement”) is made and entered into this 19th day of August, 2003, by and among HUNTLEY DEVELOPMENT LIMITED PARTNERSHIP, an Illinois limited partnership (“Borrower), HORIZON GROUP PROPERTIES, INC., a Maryland corporation (the “Guarantor”) and BEAL BANK, S.S.B., a savings bank organized under the laws of the State of Texas (“Lender”).

AGREEMENT OF PURCHASE AND SALE
Agreement of Purchase and Sale • August 29th, 2003 • Horizon Group Properties Inc • Real estate investment trusts • Michigan

THIS AGREEMENT OF PURCHASE AND SALE (“Agreement”) is made this 18th day of April, 2003 by and between LAKESHORE MARKETPLACE, LLC a Delaware limited liability company, and MONROE OUTLET CENTER, LLC a Michigan limited liability company (collectively referred to as “Seller”), and RAMCO-GERSHENSON PROPERTIES, L.P., a Delaware limited partnership (“Purchaser”).

FIRST MODIFICATION AGREEMENT
First Modification Agreement • August 29th, 2003 • Horizon Group Properties Inc • Real estate investment trusts

THIS FIRST MODIFICATION AGREEMENT (this “Agreement”) is made and entered into this 19th day of August, 2003, by and among MONROE OUTLET CENTER, LLC, a Michigan limited liability company (“Borrower), HORIZON GROUP PROPERTIES, INC., a Maryland corporation (“HGPI”), HORIZON GROUP PROPERTIES, L.P., a Delaware limited partnership (“HGPLP”; HGPI and HGPLP and Prime are herein collectively referred to as the “Guarantors”), and BEAL BANK, S.S.B., a savings bank organized under the laws of the State of Texas (“Lender”).

PLEDGE OF PROCEEDS AND SECURITY AGREEMENT
Pledge of Proceeds and Security Agreement • August 29th, 2003 • Horizon Group Properties Inc • Real estate investment trusts • Texas

THIS PLEDGE OF PROCEEDS AND SECURITY AGREEMENT, dated August 19, 2003, is made and executed by and between HORIZON GROUP PROPERTIES, L.P. , a Delaware limited partnership (“Pledgor”), and BEAL BANK, S.S.B., a savings bank organized under the laws of the State of Texas (the “Bank”).

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