Agreement and Assignment of Net Profits Interest Sample Contracts

AMENDED AND RESTATED AGREEMENT AND ASSIGNMENT OF NET PROFITS INTEREST
Agreement and Assignment of Net Profits Interest • June 30th, 2003 • Horizon Group Properties Inc • Real estate investment trusts • Illinois

THIS AMENDED AND RESTATED AGREEMENT AND ASSIGNMENT OF NET PROFITS INTEREST (this “Agreement”) is made and executed this 27th day of October, 1999, by HUNTLEY DEVELOPMENT LIMITED PARTNERSHIP, an Illinois limited partnership (“HDLP”), and HUNTLEY MEADOWS RESIDENTIAL VENTURE, an Illinois partnership (“HMRV;” HDLP and HMRV are herein referred to collectively as “Owner”), transferring, conveying and assigning unto BEAL BANK, S.S.B., a Texas state savings bank (“Beal”), the Net Profits Interest (as hereinafter defined) under the terms and conditions hereinafter set forth.

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FIRST AMENDMENT TO AMENDED AND RESTATED AGREEMENT AND ASSIGNMENT OF NET PROFITS INTEREST
Agreement and Assignment of Net Profits Interest • June 30th, 2003 • Horizon Group Properties Inc • Real estate investment trusts

THIS FIRST AMENDMENT TO AMENDED AND RESTATED AGREEMENT AND ASSIGNMENT OF NET PROFITS INTEREST (the “Amendment”) is made and entered into this 30th day of January, 2002, by HUNTLEY DEVELOPMENT LIMITED PARTNERSHIP, an Illinois limited partnership (“HDLP”) and HUNTLEY MEADOWS RESIDENTIAL VENTURE, an Illinois partnership (“HMRV”; HDLP and HMRV are herein referred to collectively as “Owner”), and BEAL BANK, S.S.B., a savings bank organized under the laws of the State of Texas (“Beal”).

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