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EXHIBIT 10.47
 LEASE
  1.
    
    Basic Lease Provisions
 1.1
    
    Landlord: CD Partners L.L.C., a Michigan limited liability company
 1.2
    
    
    Landlords Office:
    
    39000 Country Club Drive
Farmington Hills, Michigan 48331
 1.3
    
    Tenant: Mercantile Bank of Michigan, a Michigan Banking Corporation1.4
    
    Lease Date: October 2, 20071.5
    
    Building: A 12,006 square foot building on an approximately 1.88 acre
parcel of land commonly known as 28350 Cabot Drive Novi, Michigan 48377; see Exhibit
A-11.6
    
    Premises: All of the Building, site improvements and land; see Exhibit A-11.7
    
    Rentable Floor Area of Premises: 12,006 Useable / 12,006 Rentable Square Feet
 1.8
    
    
    Term:
    
    Five (5) full Lease Years after the Commencement DateOne (1) Option Term of Five (5) full Lease Years
 1.9
    
    Scheduled Occupancy Date: Thirty (30) days after the issuance of a
building permit for the Tenant Improvements by the City of Novi (see §2.5)1.10
    
    Termination Date: Five (5) full Lease Years after the Commencement
Date unless the Option Term is exercised in accordance with the terms hereof1.11
    
    Annual Base Rent: $159,084.00 for the first Lease Year. See Exhibit A-21.12
    
    Monthly Installment of Base Rent: $13,257.00 for the first Lease Year. See Exhibit A-21.13
    
    Security Deposit: None1.14
    
    Designated Use: Office use and retail branch bank use1.15
    
    Rules & Regulations: Exhibit D1.16
    
    Guarantor: None
 2.
    
    Premises
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3.
    
    Term
   (a)
    
    Landlord shall not be obligated to perform any work in the
Premises in order to prepare or continue the use of same for Tenants use.
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(b)
    
    The Annual Base Rent shall be the amount set forth in Exhibit
A-2.(c)
    
    Tenant shall have no further right of renewal after the Option
Term.
  4.
    
    Rent
    5.
    
    Taxes and Assessments
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6.
    
    Building Expenses
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7.
    
    Use of Premises
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without the prior written consent of Landlord. In no event shall Tenant use the Premises or
the Premises in any manner which, in Landlords judgment, is or may be inconsistent with the
operation of a similar building in the greater Novi, Michigan area. Except for the certificate of
occupancy for the Premises, which shall be obtained by Landlord at its expense, if any governmental
license or permit shall be required for the proper and lawful conduct of Tenants business or other
activity carried on in the Premises or if a failure to procure such a license or permit might or
would, in any way, affect Landlord or the Premises, then Tenant, at Tenants expense, shall duly
procure and thereafter maintain such license or permit and submit the same to inspection by
Landlord. Tenant, at Tenants expense, shall, at all times, comply with the requirements of each
such license and permit. Tenant agrees to indemnify, defend and hold harmless Landlord, its
licensees, invitees, agents, employees and contractors, from any loss, damage, claim, liability or
expense, (including attorney fees) of any kind, type or description, including without limitation,
claims for bodily injury, disease, death, Premises damage or environmental clean up arising
directly or indirectly out of or in connection with Tenants failure to obtain or comply with any
such license or permit.
     8.
    
    Quiet Enjoyment
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9.
    
    Services
    10.
    
    Insurance
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11.
    
    Damage By Fire Or Other Casualty
  th
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12.
    
    Repairs; Alterations
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13.
    
    Eminent Domain
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14.
    
    Assignment Or Subletting
     15.
    
    Access to the Premises
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16.
    
    Notice
  17.
    
    Breach, Re-Entry, Termination
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18.
    
    Surrender Of Premises On Termination
  19.
    
    Performance by Landlord of the Covenants Of Tenant
  20.
    
    Subordination; Estoppel Certificates
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21.
    
    Holding Over
  22.
    
    Intentionally Omitted23.
    
    Indemnification
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24.
    
    Definition Of Landlord; Landlords Liability
    25.
    
    Signs
  26.
    
    General
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(A)
    
    July 1, 2010 in order to purchase the Premises on October 1,
2010; and
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(B)
    
    January 1, 2012 in order to purchase the Premises on October 1,
2012.
  (c)
 1.
    
    Landlord shall convey by covenant deed fee simple, marketable title of
the Premises to Tenant, which shall warrant title to the Premises for all periods on
or before the date of this Lease and also warrant title for any actions of Landlord,
or its agents and representatives, after the date of this Lease. Landlord will not
warrant title or protect Tenant for actions by Tenant or by others after the
Effective Date of this Lease. Tenant shall pay the cost of the transfer taxes to be
attached to the deed. Tenant shall pay the cost of recording the deed. Each party
shall pay its own attorneys fees, and share equally any closing fees charged by any
title company for closing.2.
    
    If the Premises are damaged or destroyed, or is threatened to be taken by
eminent domain as set forth above, and the Tenant has exercised the purchase option
but closing has not occurred, then Tenant shall be entitled to rescind the exercise
of the purchase option, and any monies paid by Tenant to Landlord which apply to the
purchase of the Premises shall be returned to Tenant. If Tenant does not terminate
the purchase option, then Tenant shall receive all condemnation proceeds or
insurance proceeds applicable to the Lease and the credit for rental payments shall
still apply. If Tenant fails to purchase the Premises, for any reason, then
Landlord shall receive all of the applicable insurance and condemnation proceeds.3.
    
    The closing shall take place at Landlord office or other mutually agreeable location.4.
    
    If either party fails to close the sale and purchase of the Premises
after Tenant exercises its purchase option, then the Lease term, if then in effect,
shall continue, and notwithstanding all other rights and remedies which the parties
shall have under this Lease and Michigan law, either party shall have the right of
specific performance to enforce the sale or purchase of the Premises.5.
    
    Landlord, as seller, shall furnish Tenant with an affidavit stating that
Landlord is not a foreign person within the meaning of IRC § 1445(f)(3). If such
affidavit shall not be provided, Buyer shall withhold and deliver the amount
required under IRC § 1445.
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6.
    
    Because of Tenants option to purchase the Premises as set forth in this
Lease, Landlord warrants to the Tenants that as of the date of the Lease, and to its
knowledge, the following true;
 (a)
    
    It is the fee simple owner of the Premises;(b)
    
    It is organized under the laws of the State of
Michigan, and is authorized to carry out the terms of this Agreement;(c)
    
    There are no condemnation proceedings pending
or threatened or public improvements ordered against the Premises;(d)
    
    There are no restrictions affecting the
Premises that are not of record or otherwise disclosed to Tenant, other
than the requirements of the City of Novi. Tenant acknowledges that it
has the responsibility to satisfy itself as to the Citys requirements
for the site;(e)
    
    Neither Landlord, nor its agents, nor, to
Landlords actual knowledge, any other parties have stored on the
Premises, released into or deposited upon or below the surface of the
Premises, or into any water systems on or below the surface of the
Premises, any chemical, hazardous, or toxic substances or wastes (as
those terms are defined in any environmental law) in violation of any
applicable environmental law;(f)
    
    To Landlords actual knowledge, there are
currently no underground storage tanks on the Premises;
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WITNESSES:
    
    LANDLORD:CD Partners L.L.C., a Michigan limited
liability companyBy:
    
    /s/ Matthew SosinIts:
    
    VPTENANT:Mercantile Bank of Michigan, a Michigan
Banking Corporation/s/ Maggie Holmgren
    
    By:
    
    /s/ Joseph Calvaruso/s/ Brett Hoover
    
    Its:
    
    SVP
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Index of Exhibits
 Exhibit A-1
    
    Floor Plan and Site PlanExhibit A-2
    
    Rent ScheduleExhibit B
    
    Intentionally OmittedExhibit C
    
    Sign CriteriaExhibit D
    
    Rules and RegulationsExhibit E
    
    Form of Management Agreement
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EXHIBIT A-1
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EXHIBIT A-2
  Annual Base Rent:
    
    Initial Term
    
    Option Term (if exercised)Year 1: $159,084.00
    
    Year 6:   $188,580.00Year 2: $165,084.00
    
    Year 7:   $194,244.00Year 3: $171,084.00
    
    Year 8:   $200,064.00Year 4: $177,084.00
    
    Year 9:   $206,076.00Year 5: $183,096.00
    
    Year 10:  $212,256.00Monthly Installment of Base Rent:Year 1:  $13,257.00
    
    Year 6:   $15,715.00Year 2:  $13,757.00
    
    Year 7:   $16,187.00Year 3:  $14,257.00
    
    Year 8:   $16,672.00Year 4:  $14,757.00
    
    Year 9:   $17,173.00Year 5:  $15,258.00
    
    Year 10: $17,688.00
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EXHIBIT B
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EXHIBIT C
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EXHIBIT D
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(i)
    
    Parkers will be expected to park their vehicles in an orderly
manner within the marked stalls provided.(ii)
    
    It is recommended that vehicles be left in a brakes on, doors
locked condition at all times.(iii)
    
    No vehicles will be allowed to park in any driveway area or in
any manner which will interfere with the normal flow of traffic.(iv)
    
    Vehicles parked illegally will be towed at the vehicles owners
expense.(v)
    
    Tenant agrees that all its employees have been fully informed
as to the content of these regulations.(vi)
    
    Landlord or Landlords agents and employees shall not be liable
for and Tenant waives all claims through Tenant resulting from any accident or
occurrence in and upon the parking area.(vii)
    
    All vehicles parked in the parking areas shall be in good
condition and repair, driven and handled at the risk of the owner.(viii)
    
    Vehicle owner or owners agents shall not wash, wax or otherwise clean or
prep the interior/exterior of vehicles or perform any maintenance whatsoever on
vehicles within the parking area or on any part of the parking lot servicing
the Building.(ix)
    
    In the event that vehicle owners use of the parking area
violates any local, county or state law, regulation or ordinance, automobile
owners right to utilize the parking area shall immediately cease.(x)
    
    Parking areas shall not be used to store vehicles or for
parking unduly large commercial or recreational vehicles.
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EXHIBIT E
  
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WITNESSED BY:
 Mercantile Bank OF MICHIGAN,a Michigan Banking CorporationBy:Its:OWNERNORTHERN EQUITIES MANAGEMENTCORPORATION, a Michigan corporation,By:Neil J. Sosin, President
     AGENT
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