Document:

Exhibit 10.1 to United Financial Corporation Form 10-Q dated March 31, 2006

Exhibit 10.1 

FIRST AMENDMENT TO THE

SALARY CONTINUATION AGREEMENT

BETWEEN HERITAGE BANK AND KEVIN P. CLARK 

PARTIES: 

Heritage Bank (the Company) 

Kevin P. Clark (the Executive) 

RECITALS: 

	1. 	The Parties entered into the Salary Continuation
Agreement on January 1, 1996, and the Agreement has not been previously amended. 

	2. 	At this time the Parties wish to amend the Agreement
to reflect a six-month waiting period for a distribution so long as the Executive remains a key employee. 

NOWTHEREFOR, effective upon signing the Agreement is hereby amended as
follows: 

AMENDMENT: 

Sections 2.1.2, 2.2.2, 2.3.2, 2.4.2 and 3.1.2, are all hereby amended with
the addition of a new last sentence, to read as follows: 

“Notwithstanding the preceding, if at that time of the payment of any or
all benefits pursuant to this Agreement, the Executive is a key employee, within the meaning of Code Sections 409A(a)(2)(B)(i) and
416(i), the payment of such benefits shall not commence in less than six month’s following the Executive’s separation
from service.” 

DATED this 20th day of December, 2005. 

	Executive: 	Company:

Heritage Bank, FSB 
	 
	/s/   Kevin P. Clark 
	    	By:    	/s/   Steve L. Feurt 

	Kevin P. Clark 	 	Steve L. Feurt, Executive Vice PresidentExhibit 10.2 to United Financial Corporation Form 10-Q dated March 31, 2006

Exhibit 10.2 

FIRST AMENDMENT TO THE

SUPPLEMENTAL RETIREMENT AGREEMENT

BETWEEN HERITAGE BANK AND STEVE L. FEURT 

PARTIES: 

Heritage Bank (the Company) 

Steve L. Feurt (the Executive) 

RECITALS: 

	1. 	The Parties entered into the Supplemental Retirement
Agreement on October 25, 1999, and the Agreement has not been previously amended. 

	2. 	At this time the Parties wish to amend the Agreement
to reflect a six-month waiting period for a distribution so long as the Executive remains a key employee. 

NOWTHEREFOR, effective upon signing the Agreement is hereby amended as
follows: 

AMENDMENT: 

Sections 2.1.1, 2.2.2, 2.3.2, 2.4.2 and 3.1.2, are all hereby amended with
the addition of a new last sentence, to read as follows: 

“Notwithstanding the preceding, if at that time of the payment of any or
all benefits pursuant to this Agreement, the Executive is a key employee, within the meaning of Code Sections 409A(a)(2)(B)(i) and
416(i), the payment of such benefits shall not commence in less than six month’s following the Executive’s separation
from service.” 

DATED this 20th day of December, 2005. 

	Executive: 	Company:

Heritage Bank, FSB 
	 
	/s/   Steve L. Feurt 
	    	By:    	/s/   Kevin P. Clark 

	Steve L. Feurt 	 	Kevin P. Clark, President and C.E.O.Exhibit 10.1 to Insignia Systems, Inc. Form 10-Q dated March 31, 2006

Exhibit 10.1 

SECOND AMENDMENT TO FINANCING AGREEMENT 

May 8, 2006 

                This
Second Amendment to Financing Agreement is entered into by and between Marquette Business Credit, Inc. (“Lender”) and Insignia
Systems, Inc. (“Borrower”). 

        The following changes amend
the Financing Agreement dated September 16, 2004, as amended on November 22, 2004. In conjunction with this amendment, the
Borrower will be signing a Second Restated Revolving Note (the “Revolving Note”) of even date in the principal amount of
$1,500,000 subject to the original Financing Agreement and Amendment to Financing Agreement, as amended herein. 

SECTION I.    LOAN AGREEMENT 

        At Borrower’s request,
Lender in its sole discretion may lend to Borrower up to eighty percent (80.0%) of the net amount of accounts (as that term is
defined in the Uniform Commercial Code) that are listed in current schedules provided by Borrower and that are deemed eligible for
advances by Lender, or any greater or lesser percentage at Lender’s absolute discretion. Loans for additional sums requested
by Borrower may be made at Lender’s sole discretion based upon Lender’s valuation of other collateral or other factors.
All loans made pursuant hereto shall be due on demand and shall be evidenced by a Second Restated Revolving Note dated May 8, 2006
(the “Revolving Note”) herewith payable to Lender’s order. All loans made pursuant hereto are secured by a security
interest in the accounts and other collateral, as granted to Lender by the Security Agreement between Borrower and Lender dated
September 16, 2004. 

        At Lender’s discretion,
Lender may from time to time make additional loans to Borrower on a demand basis, evidenced by Term Note(s). All of the collateral
pledged to Lender shall secure all of Borrower’s obligations under the Revolving Note and any Term Note(s). 

        Lender may from time to time
furnish to Borrower a statement of Borrower’s account. Any such statement shall be conclusive unless and except as written
objections thereto calling Lender’s attention to errors are received by Lender within thirty (30) days after it is mailed or
delivered to Borrower. 

SECTION II.    Paragraph C of the Financing
Agreement, as Amended on November 22, 2004, is amended in its entirety to read as follows: 

        C.    There
will be a net minimum interest charge payable to Lender of $2,500.00 per month. Borrower further agrees that if this agreement is
terminated under Section VIII hereof, regardless of the date of such termination, the total charges which shall have been paid or
which shall be payable net to Lender, shall not be less than $2,500.00 for each month from the termination date through the Final
Due Date as defined in the Revolving Note. 

	MARQUETTE BUSINESS CREDIT, INC.
Lender 	 	INSIGNIA SYSTEMS, INC.
Borrower 
	By:    	/s/   Ed Janssen 
	 	By:    	/s/   Justin W. Shireman 

	Name:    	Ed Janssen 		Name:    	Justin W. Shireman 
	Title:    	Vice President 		Title:    	Vice President of Finance, Chief 
Financial Officer and TreasurerExhibit 10.2 to Insignia Systems, Inc. Form 10-Q dated March 31, 2006

Exhibit 10.2 

SECOND RESTATED REVOLVING NOTE (the “Revolving Note”)  

	$1,500,000.00	 	St. Louis Park, Minnesota	 
	 	 	May 8, 2006 	 

        For value received, the
undersigned, Insignia Systems, Inc., a Minnesota corporation (the “Borrower”), hereby promises to pay, on demand, or if
demand is not sooner made, on April 30, 2007 (“Final Due Date”), to the order of Itasca Business Credit, Inc., a
Minnesota corporation (the “Secured Party”), at its main office in St. Louis Park, Minnesota, or at any other place
designated at any time by the holder hereof, in lawful money of the United States of America, the principal sum of One Million
Five Hundred Thousand Dollars ($1,500,000) or, the aggregate unpaid principal amount of all advances made by the Secured Party to
the Borrower hereunder, together with interest on the principal amount hereunder remaining unpaid from time to time (the
“Principal Balance”) computed on the basis of the actual number of days elapsed and a 360-day year, from the date hereof
until this Revolving Note is fully paid at the rate from time to time in effect under the Financing Agreement dated September 16,
2004, as amended on November 22, 2004 and May 8, 2006, (the “Financing Agreement”) by and between the Secured Party and
the Borrower. The Secured Party can extend the Final Due Date, at its election, and can provide that the Final Due Date shall be
automatically extended for successive thirty (30) day periods until a demand for repayment is made by the Secured Party.

        Interest accruing on the
Principal Balance hereof shall also be payable on demand. 

        This Revolving Note may be
prepaid in whole at any time or from time to time in part in accordance with the terms and provisions of the Financing Agreement,
provided that any prepayment in whole of this Revolving Note shall include accrued interest thereon. This Revolving Note is issued
pursuant to, and is subject to, the Financing Agreement, which provides for, among other things, acceleration hereof. This
Revolving Note is the Revolving Note referred to in the Financing Agreement. 

        This Revolving Note is
secured, among other things, pursuant to the terms of the Security Agreement dated September 16, 2004 between Borrower and Secured
Party (the “Security Agreement”), and may now or hereafter be secured by one or more other security agreements,
mortgages, deeds of trust, assignments or other instruments or agreements. 

        The Borrower hereby agrees to
pay all costs of collection, including reasonable attorneys’ fees and legal expenses in accordance with the terms of the
Financing Agreement, whether or not legal proceedings are commenced. 

        This Revolving Note shall be
immediately due and payable (including unpaid interest accrued hereon) without demand or notice thereof upon the filing of a
petition by or against the Borrower under the United States Bankruptcy Code. 

        Presentment or other demand
for payment, notice of dishonor and protest are expressly waived except as expressly provided in the Financing Agreement.

        Capitalized terms used and
not otherwise defined in this Revolving Note shall have the meanings assigned thereto in the Security Agreement. 

	 	Borrower 
	    	By:    	/s/   Justin W. Shireman 

	 	Name:    	Justin W. Shireman 
	 	Its:    	Vice President of Finance, Chief Financial Officer and TreasurerLease Agreement for the Company's principal executive offices

     

    Exhibit
      10.1

    

    

    

    

    

     

    

    OFFICE
      LEASE

    

    5211
      CASCADE ROAD, S.E.

    

    ADA,
      MICHIGAN

    

    

    

    PROFESSIONALS
      DIRECT INSURANCE SERVICES, INC.,

    TENANT

     

     

     

     

     

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Index

    

    
      	 	
              Article

            	
              Page

            
	 	 	 
	
              1.

            	
              Basic
                Lease Provisions and Identification of Exhibits

            	
              1

            
	 	 	 
	
              2.

            	
              Premises
                and Term

            	
              2

            
	 	 	 
	
              3.

            	
              Options
                to Renew

            	
              3

            
	 	 	 
	
              4.

            	
              Rent

            	
              3

            
	 	 	 
	
              5.

            	
              Services

            	
              6

            
	 	 	 
	
              6.

            	
              Possession,
                Use and Enjoyment

            	
              8

            
	 	 	 
	
              7.

            	
              Condition
                of Premises

            	
              9

            
	 	 	 
	
              8.
                

            	
              Assignment
                and Subletting

            	
              9

            
	 	 	 
	
              9.

            	
              Maintenance

            	
              11

            
	 	 	 
	
              10.

            	
              Alterations
                and Improvements Subsequent to Initial Occupancy

            	
              12

            
	 	 	 
	
              11.

            	
              Waiver
                of Claims and Indemnity

            	
              14

            
	 	 	 
	
              12.

            	
              Events
                of Default

            	
              15

            
	 	 	 
	
              13.

            	
              Surrender
                of Premises

            	
              17

            
	 	 	 
	
              14.

            	
              Holding
                Over

            	
              18

            
	 	 	 
	
              15.

            	
              Damage
                by Fire or Other Casualty

            	
              18

            
	 	 	 
	
              16.

            	
              Eminent
                Domain

            	
              20

            
	 	 	 
	
              17.

            	
              Tenant’s
                Insurance

            	
              21

            
	 	 	 
	
              18.

            	
              Rules
                and Regulations

            	
              21

            
	 	 	 
	
              19.

            	
              Landlord's
                Rights

            	
              22

            

    

    

    
      
        -i-

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              20.

            	
              Estoppel
                Certificate

            	
              23

            
	 	 	 
	
              21.

            	
              (Intentionally
                Deleted)

            	
              23

            
	 	 	 
	
              22.

            	
              Additional
                Rent

            	
              23

            
	 	 	 
	
              23.

            	
              Real
                Estate Brokers

            	
              27

            
	 	 	 
	
              24.

            	
              Subordination
                and Attornment

            	
              28

            
	 	 	 
	
              25.

            	
              Notices

            	
              29

            
	 	 	 
	
              26.

            	
              Miscellaneous

            	
              30

            
	 	 	 
	
              27.

            	
              Environmental

            	
              32

            
	 	 	 
	
              28.

            	
              Right
                of First Refusal to Lease Annex

            	
              32
                

            
	 	 	 
	
              29.

            	
              Right
                of First Refusal to Purchase

            	
              33

            
	 	 	 
	
              30.

            	
              Tenant
                Allowances

            	
              33

            
	 	 	 
	
              31.

            	
              Right
                to Use and Store Office Furniture

            	
              34

            
	 	 	 
	
              32.

            	
              Landlord's
                Right to Recapture a Portion of the Premises

            	
              34

            
	 	 	 
	
              33.

            	
              Amendment
                to Tenant's Share of Operating Costs

            	
              34

            
	 	 	 
	
              EXHIBIT
                A FLOOR PLAN OF THE PREMISES

            	
              A-1

            
	 	 	 
	
              EXHIBIT
                A-1 LEGAL DESCRIPTION OF LAND

            	
              A-2

            
	 	 	 
	
              EXHIBIT
                B RULES AND REGULATIONS

            	
              B-1
                

            
	 	 	 
	
              EXHIBIT
                C OFFICE FURNITURE

            	
              C-1

            
	 	 	 
	
              EXHIBIT
                D ANNEX IMPROVEMENTS

            	
              D-1

            
	 	 	 
	
              EXHIBIT
                E TENANT’S LEASEHOLD IMPROVEMENTS

            	
              E-1

            
	 	 
	
              EXHIBIT
                F OPERATING COSTS FOR 2003, 2004 AND 2005

            	
              F-1

            
	 	 
	
              EXHIBIT
                G VAN WYK RIGHT OF FIRST REFUSAL

            	
              G-1

            

    

    

    
      
        -ii-

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    OFFICE
      LEASE

    

    1.
      BASIC
      LEASE PROVISIONS AND IDENTIFICATION OF EXHIBITS

    

     

    

    
      	
              1.01

            	
              BASIC
                LEASE PROVISIONS

            	 	 
	 	 	 	 	 
	 	
              A.

            	
              BUILDING
                AND ADDRESS:

            	 	
              5211
                Cascade Road, S.E.

              Ada,
                Michigan

            
	 	 	 	 	 
	 	
              B.

            	
              LANDLORD
                AND ADDRESS:

            	 	
              FAIRPLAIN
                DEVELOPMENT CO., a Michigan limited partnership

              2985
                Willowrun Street

              Hudsonville,
                MI 49426

            
	 	 	 	 	 
	 	
              C.

            	
              TENANT
                AND NOTICE ADDRESS:

            	 	
              PROFESSIONALS
                DIRECT INSURANCE SERVICES, INC.

              161
                Ottawa Avenue, N.W., Suite 607

              Grand
                Rapids, MI 49503

            
	 	 	 	 	 
	 	
              D.

            	
              MANAGER
                AND ADDRESS:

            	 	
              (Same
                as Landlord above)

            
	 	 	 	 	 
	 	
              E.

            	
              COMMENCEMENT
                DATE OF LEASE:

            	 	
              March
                22, 2006

            
	 	 	 	 	 
	 	 	
              RENT
                COMMENCEMENT DATE OF LEASE:

            	 	
              July
                1, 2006

            
	 	 	 	 	 
	 	
              F.

            	
              LEASE
                TERM:

            	 	
              Ten
                (10) Lease Years, subject to Tenant’s options to renew (Article
                3)

            
	 	 	 	 	 
	 	
              G.

            	
              EXPIRATION
                DATE OF TERM:

            	 	
              June
                30, 2016, subject to Tenant’s options to renew (Article 3)
                

            
	 	 	 	 	 
	 	
              H.

            	
              INITIAL
                MONTHLY BASE RENT:

            	 	
              Ten
                and 50/100ths Dollars ($10.50) per rentable square foot annually,
                subject
                to increase (see Article 4)

            
	 	 	 	 	 
	 	
              I.

            	
              RENTABLE
                AREA OF THE PREMISES:

            	 	
              10,877
                rentable square feet 

            
	 	 	 	 	 
	 	
              J.

            	
              FLOOR:

            	 	
              Entire
                2nd Floor except for Annex, subject to Tenant’s right of first refusal
                (Article 28) 

            
	 	 	 	 	 
	 	
              K.

            	
              TENANT’S
                BROKER:

            	 	
              Prime
                Development Company 

            
	 	 	 	 	 
	 	
              L.

            	
              LANDLORD'S
                BROKER:

            	 	
              Grubb
                & Ellis/Paramount Property

            

    

     

     

     

    
      
        
        

      

      
        -1-

        
          

        

      

      
        
        

      

    

    
 

    
      	 	
              M.

            	
              TENANT’S
                SHARE OF OPERATING COSTS:

            	 	
              23.74%
                (10,877/45,814), subject to Article 33

            
	 	 	 	 	 
	 	
              N.

            	
              INITIAL
                ESTIMATE OF TENANT’S SHARE OF OPERATING COSTS PER MONTH:

            	 	
              $
                4,985.29

            
	 	 	 	 	 
	 	
              O.

            	
              PERMITTED
                USE:

            	 	
              General
                Office Use 

            
	 	 	 	 	 
	
              1.02

            	
              IDENTIFICATION
                OF EXHIBITS

            	 	 

    

     

    

    The
      exhibits set forth below and attached to this Lease are incorporated in this
      Lease by this reference:

    

    
      	 	
              EXHIBIT
                A

            	
              --
                Floor Plan of the Premises

            
	 	
              EXHIBIT
                A-1

            	
              --
                Legal Description of the Land 

            
	 	
              EXHIBIT
                B

            	
              --
                Rules and Regulations

            
	 	
              EXHIBIT
                C

            	
              --
                Office Furniture

            
	 	
              EXHIBIT
                D

            	
              --
                Annex Improvements

            
	 	
              EXHIBIT
                E

            	
              --
                Tenant’s Leasehold Improvements

            
	 	
              EXHIBIT
                F

            	
              --
                Operating Costs for Prior Years

            
	 	
              EXHIBIT
                G

            	
              --
                VanWyk Corporation Right of First Refusal

            

    

     

    
 

    2.
      PREMISES AND TERM

    2.01 LEASE
      OF
      PREMISES

    

    Landlord
      leases to Tenant and Tenant leases from Landlord the premises (“Premises”) shown
      on Exhibit A which are contained in the office building (“Building”)
      located at the address stated in Section 1.01 A, upon the following terms
      and conditions. For purposes of this Lease, “Complex” shall mean all land,
      buildings and improvements including the “Common Areas” (defined in Section
      6.03) associated with the Building located on the real property described in
      Exhibit A-1. The Rentable Area of the Premises is as shown on Exhibit A and
      contains the Rentable Area as stated in Section 1.01 I. Unless within
      thirty (30) days after the Commencement Date Tenant notifies Landlord in writing
      of any objection to the Rentable Area of the Premises, the square footage set
      forth in Section 1.01 I shall be deemed final and accepted as correct. If,
      within thirty (30) days after the Commencement Date, Tenant notifies Landlord
      in
      writing that Tenant disputes the Rentable Area of the Premises set forth in
      Section 1.01 I, an architect mutually acceptable to Landlord and Tenant
      shall measure, at Tenant's cost, the actual square
      foot area of the Premises. Within ten (10) days following completion of the
      foregoing measurement and calculation, Landlord and Tenant shall execute an
      amendment to this Lease, setting forth the Rentable Area of the Premises and
      adjusting the rental and other terms accordingly.

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

    2.02 TERM

    

    This
      Lease shall commence on the date on which Landlord and Tenant execute this
      Lease
      (the "Commencement Date"). Notwithstanding the foregoing, the term of this
      Lease
      (“Term”) and Tenant's obligation to pay Rent shall commence on July 1, 2006 (the
“Rent Commencement Date”). The Term shall expire on the date (“Expiration Date”)
      stated in Section 1.01 G unless renewed or sooner terminated as otherwise
      provided in this Lease.

    

    The
      first
      Lease Year shall begin on the Rent Commencement Date. Each Lease Year shall
      be
      for a period of twelve (12) calendar months and shall continue from Lease Year
      to Lease Year until termination or expiration of the Lease.

     

    
 

    3.
      OPTIONS TO RENEW

     

    Provided
      that Tenant is not in default under this Lease beyond any applicable cure period
      at the end of the initial Lease term or the relevant renewal term, as the case
      may be, Tenant shall have the right to renew the term of this Lease for three
      (3) succeeding periods of five (5) Lease Years each by giving Landlord written
      notice of Tenant’s intent to renew the Lease at least one hundred eighty (180)
      days prior to the expiration of the initial Lease term or the relevant renewal
      term, as the case may be. The renewal shall be on the same terms and conditions
      as contained in this Lease, except that there shall be no renewal term after
      the
      third renewal term. If Tenant exercises a renewal option but Tenant is in
      default under this Lease beyond any applicable cure period at the end of the
      Lease term during which Tenant purportedly exercised its renewal option, Tenant
      shall be deemed for all purposes not to have exercised its renewal option for
      the forthcoming renewal term. The word "term" as used in this Lease shall
      include the initial term and the renewal term unless the context clearly
      otherwise requires.

    

    4.
      RENT

    

    Tenant
      agrees to pay to Landlord, at the office of the Landlord's building manager
      (“Manager”), or at such other place as may designated by Landlord upon not less
      than thirty (30) days’ written notice to Tenant, without any prior notice or
      demand and without any deduction whatsoever except as provided in Article 30
      below and elsewhere in this Lease, base rent at the initial monthly rate
      referenced in Section 1.01 H (“Monthly Base Rent”) commencing on the Rent
      Commencement Date. Tenant shall pay Landlord Monthly Base Rent in accordance
      with the following schedule of Lease Years:

    

    
      	 	
              Year
                One:

            	
              Tenant
                shall pay Landlord rent at the rate of $10.50 per rentable square
                foot per
                year, payable $9,517.38 per month ($114,208.50 per year), subject
                to the
                abatement described later in this Section.

            
	 	 	 
	 	
              Year
                Two:

            	
              Tenant
                shall pay Landlord rent at the rate of $10.71 per rentable square
                foot per
                year, payable $9,707.72 per month ($116,492.67 per
                year).

            
	 	 	 

    

    

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

    

    
      	 	
              Year
                Three:

            	
              Tenant
                shall pay Landlord rent at the rate of $10.92 per rentable square
                foot per
                year, payable $9,898.07 per month ($118,776.84 per
                year).

            
	 	 	 
	 	
              Year
                Four:

            	
              Tenant
                shall pay Landlord rent at the rate of $11.14 per rentable square
                foot per
                year, payable $10,097.48 per month ($121,169.78 per
                year).

            
	 	 	 
	 	
              Year
                Five:

            	
              Tenant
                shall pay Landlord rent at the rate of $11.37 per rentable square
                foot per
                year, payable $10,305.96 per month ($123,671.49 per
                year).

            
	 	 	 
	 	
              Year
                Six:

            	
              Tenant
                shall pay Landlord rent at the rate of $11.59 per rentable square
                foot per
                year, payable $10,505.37 per month ($126,064.43 per
                year).

            
	 	 	 
	 	
              Year
                Seven:

            	
              Tenant
                shall pay Landlord rent at the rate of $11.82 per rentable square
                foot per
                year, payable $10,713.85 per month ($128,566.14 per
                year).

            
	 	 	 
	 	
              Year
                Eight:

            	
              Tenant
                shall pay Landlord rent at the rate of $12.06 per rentable square
                foot per
                year, payable $10,931.39 per month ($131,176.62 per
                year).

            
	 	 	 
	 	
              Year
                Nine:

            	
              Tenant
                shall pay Landlord rent at the rate of $12.30 per rentable square
                foot per
                year, payable $11,148.93 per month ($133,787.10 per
                year).

            
	 	 	 
	 	
              Year
                Ten:

            	
              Tenant
                shall pay Landlord rent at the rate of $12.55 per rentable square
                foot per
                year, payable $11,375.53 per month ($136,506.35 per
                year).

            
	 	
              First
                Renewal Term:

            	
              Base
                Rent shall continue to increase each year during the First Renewal
                Term by
                2% over the Base Rent payable during the immediately preceding Lease
                Year,
                and shall be paid in twelve (12) equal monthly installments.
                

            
	 	 	 
	 	
              Second
                Renewal Term: 

            	
              Base
                Rent shall continue to increase each year during the Second Renewal
                Term
                by 2% over the Base Rent payable during the immediately preceding
                Lease
                Year, and shall be paid in twelve (12) equal monthly installments.
                

            

    

    

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

    

    
      	 	
              Third
                Renewal Term: 

            	
              Base
                Rent shall continue to increase each year during the Third Renewal
                Term by
                2% over the Base Rent payable during the immediately preceding Lease
                Year,
                and shall be paid in twelve (12) equal monthly
                installments.

            

    

    

    Tenant
      shall also pay, as Additional Rent, Tenant's Share of Operating Costs pursuant
      to Article 22. Monthly Base Rent and Additional Rent shall be paid monthly
      in
      advance on or before the first day of each month of the Term. Monthly Base
      Rent
      and/or Additional Rent shall be prorated on a per diem basis for partial months
      during the Term. All charges, costs and sums required to be paid by Tenant
      to
      Landlord under this Lease, in addition to Additional Rent, shall be considered
      additional rent, and Monthly Base Rent and Additional Rent shall be collectively
      called “Rent”. Except as otherwise provided in this Lease, Tenant's covenant to
      pay Rent shall be independent of every other covenant in this Lease.

    

    Notwithstanding
      anything contained in this Article to the contrary, Landlord and Tenant
      acknowledge and agree that the Monthly Base Rent of Tenant shall be abated
      during the first Lease Year and that Tenant's obligation to pay Monthly Base
      Rent shall commence upon the commencement of the second Lease Year; provided,
      however that in the event that Tenant is in default under this Lease after
      the
      expiration of any applicable cure period and Landlord elects on account of
      such
      default to terminate this Lease in accordance with Section 12.03 of this
      Lease at any time before the expiration of the tenth (10th)
      Lease
      Year (or if a court of competent jurisdiction determines that this Lease was
      so
      terminated), then upon such termination by Landlord, any Monthly Base Rent
      that
      had been previously abated during the first Lease Year shall be immediately
      due
      and owing by Tenant to Landlord. Tenant shall have no obligation to pay
      previously abated Monthly Base Rent during the first Lease Year for any
      termination of this Lease occurring at any time during any Renewal
      Term.

    

    Notwithstanding
      anything contained in this Article 4 or Article 22 to the contrary, Landlord
      and
      Tenant acknowledge and agree that Tenant shall prepay to Landlord upon the
      execution of this Lease the estimated amount of Tenant's Share of Operating
      Costs for the six (6) month period from the Rent Commencement Date through
      December 31, 2006 (being the amount of $29,911.75). Landlord and Tenant agree
      that the foregoing prepaid amount of Tenant's Share of Operating Costs shall
      be
      reconciled to the actual Operating Costs pursuant to the requirements of Section
      22.04 of this Lease. Commencing on January 1, 2007 and continuing each month
      thereafter during the term of this Lease, Tenant shall pay to Landlord the
      Additional Rent required by Article 22 of this Lease. In addition to the
      foregoing Operating Costs prepayment to be made by Tenant upon the execution
      of
      this Lease, Tenant shall also deposit with Landlord upon the execution of this
      Lease the amount of Nine Thousand Seven Hundred and Seven and 72/100 Dollars
      ($9,707.72) evidencing Tenant's Monthly Base Rent obligation for the month
      of
      July, 2007.

    

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

    5.
      SERVICES

    

    5.01 LANDLORD'S
      GENERAL SERVICES

    

    So
      long
      as Tenant is not in default under this Lease beyond any applicable cure period,
      Landlord shall provide the following services in a manner consistent with the
      operation of a first class office building: (1) heat and air-conditioning in
      the
      Premises, Monday through Friday from 7:30 a.m. to 8:00 p.m. and Saturday from
      8:00 a.m. to 1:00 p.m., excluding national holidays, to the extent
      necessary for the comfortable occupancy of the Premises based on a population
      density of not less than one person per 200 square feet of usable area and
      otherwise under normal office operations (unless Landlord is prohibited by
      law
      from doing so) and in the absence of the use of machines, equipment or devices
      which affect the temperature otherwise maintained in the Premises (other than
      lamps, lighting, small appliances, computers, Tenant’s file servers, and other
      machines and equipment normally found in a general business office); (2) city
      water (hot and cold) from the regular Building fixtures for drinking, lavatory
      and toilet purposes only; (3) electrical service for normal business usage
      for
      lamps, lighting, small appliances, computers, Tenant’s file servers, and other
      machines and equipment normally found in a general business office; (4)
      customary cleaning, mowing, grounds keeping, snow removal and trash removal
      in
      the “Common Areas” (hereinafter defined); (5) washing of windows in the
      Premises, inside and outside, at not less than approximately six-month
      intervals; and (6) adequate passenger elevator service in common with other
      tenants of the Building. Additional capacity or usage shall be provided upon
      Tenant’s written request if reasonably possible and at reasonable costs (to be
      paid by Tenant), as reasonably determined by Landlord. 

    

    5.02 ADDITIONAL
      AND AFTER-HOUR SERVICES

    

    Landlord
      shall not be obligated to furnish any services or utilities, other than those
      stated expressly in this Lease. Landlord agrees to furnish utilities and
      elevator service after normal business hours at Tenant’s request. If Landlord
      furnishes services or utilities requested by Tenant in addition to those listed
      in Section 5.01 or at times other than those stated in Section 5.01, Tenant
      shall pay to Landlord as Rent, the prevailing reasonable charges for such
      services and utilities, within ten (10) days after billing or on the first
      (1st)
      day of
      the month after Tenant’s receipt of the invoice, whichever is later. If Tenant
      fails to make any such payment when due, Landlord may, upon the expiration
      of
      any applicable cure period and in addition to Landlord's other remedies under
      this Lease, discontinue any or all of such additional or after-hour services.
      No
      such discontinuance of any service shall result in any liability of Landlord
      to
      Tenant or be considered an eviction or a disturbance of Tenant's use of the
      Premises. Tenant shall be responsible for providing cleaning and janitorial
      services to the Premises.

    

    5.03 DELAYS
      IN
      FURNISHING SERVICES

    

    If
      as a
      result of any failure to furnish or delay in furnishing any of the services
      described in Section 5.01, the Premises are rendered substantially untenantable
      for a period of more than ninety-six (96) consecutive hours and Tenant does
      not
      occupy the Premises for the conduct of its normal business activities due to
      such untenantability, then, commencing upon the first day Tenant did not occupy
      the Premises for the conduct of its normal business activities due to such
      

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

      

    

    untenantability,
      Rent shall abate for the duration of such untenantability until Tenant is able
      to resume or does resume occupancy of the Premises for the conduct of its normal
      business activities. Tenant agrees that Landlord shall not be liable for damages
      for failure to furnish or delay in furnishing any service if attributable to
      any
      of the causes described in Section 26.05 and if not thus attributable, then
      only
      to the extent of abatement of Rent. 

    

    5.04 TELEPHONE

    

    Tenant
      shall make arrangements directly with a telephone company for telephone service
      in the Premises desired by Tenant. Tenant shall pay for all telephone service
      used or consumed in the Premises, including the cost of installation,
      maintenance and replacement of any items. Tenant and its contractors shall
      have
      such access to the Common Areas, at no cost to Tenant, as is reasonably required
      to enable Tenant and its contractors to install, maintain, replace, and repair
      its telephone system. 

    

    5.05 (Intentionally
      omitted)

    

    6.
      POSSESSION, USE AND ENJOYMENT

    

    6.01 POSSESSION
      AND USE OF PREMISES

    

    Tenant
      shall be entitled to possession of the Premises upon the execution of this
      Lease. Tenant shall be entitled to occupy and use the Premises for general
      office purposes only. At no time shall Tenant be permitted to occupy or use
      any
      portion of the Premises for a retail or discount stock brokerage firm, or for
      a
      firm or business whose principal business is the sale of securities, investment
      banking or stock brokerage. Tenant shall not occupy or use the Premises or
      permit the use or occupancy of the Premises for any purpose or in any manner,
      other than for general office purposes, which: (1) is unlawful or in violation
      of any applicable legal, governmental or quasi-governmental requirement,
      ordinance or rule (including the Board of Fire Underwriters); (2) may be
      dangerous to persons or property; (3) may invalidate or increase the amount
      of
      premiums for any policy of insurance affecting the Building or the Complex,
      and
      if any additional amounts of insurance premiums are so incurred, Tenant shall
      pay to Landlord the additional amounts on demand and such payment shall not
      authorize such use; (4) may create a nuisance, disturb any other tenant of
      the
      Building or the Complex or the occupants of neighboring property or injure
      the
      reputation of the Building or the Complex; or (5) violates the Rules and
      Regulations of the Building attached to this Lease as Exhibit B.

    

    6.02 QUIET
      ENJOYMENT

    

    So
      long
      as Tenant is not in default under this Lease beyond any applicable cure period,
      Tenant shall be entitled to peaceful and quiet enjoyment of the Premises,
      subject to the terms of this Lease.

    

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

      

    

    6.03 COMMON
      AREAS

    

    A. 
For
      purposes of this Lease “Common Areas” shall mean all areas, improvements, space,
      equipment and special services in or serving the Complex provided by Landlord
      for the common or joint use and benefit of tenants, customers, and other
      invitees, including without limitation parking areas, driveways, entrances
      and
      exits, retaining walls, landscaped areas, pedestrian walk-ways, atriums, walls,
      stairs, sidewalks, washrooms, signs identifying or advertising the Complex,
      maintenance and utility rooms and closets, hallways, lobbies, elevators and
      their housing and rooms, common window areas, walls and ceilings in Common
      Areas, and trash or rubbish areas.

    

    B. 
So
      long
      as Tenant is not in default under this Lease beyond any applicable cure period,
      Tenant shall be entitled to use, in common with others entitled thereto, the
      Common Areas as may be designated from time to time by Landlord, subject however
      to the terms and conditions of this Lease and to the rules and regulations
      for
      the use thereof as may be prescribed from time to time by Landlord. No material
      alterations or modifications to the Common Areas that would have a material
      and
      adverse effect on Tenant’s use and enjoyment of the Leased Premises in
      accordance with this Lease may be made without Tenant’s written consent, such
      consent not to be unreasonably withheld. Landlord shall not use, or permit
      the
      use of, the Common Areas in any way that would have a material and adverse
      effect on Tenant’s use and enjoyment of the Leased Premises in accordance with
      this Lease. 

    

    C. 
So
      long
      as Tenant is not in default under this Lease beyond any applicable cure period,
      Tenant shall at all times during the term of this Lease have the use of no
      less
      than forty (40) parking spaces in the parking lots of the Complex. In addition,
      to the extent that Tenant leases additional space from the Landlord in the
      Building, Tenant shall have the use of 3.3 additional parking spaces for each
      additional 1,000 usable square feet that Tenant leases in the
      Building.

     

    
 

    7.
      CONDITION OF PREMISES

    

    Tenant
      shall be conclusively presumed to have taken possession of the Premises and
      accepted the Premises in the condition existing on the date of this Lease,
      and
      to have waived all claims relating to the condition of the Premises; provided,
      however, that Tenant shall have the right to construct leasehold improvements
      in
      accordance with Article 10. No agreement of Landlord to alter, remodel,
      decorate, clean or improve the Premises, the Building, the Common Areas or
      the
      Complex and no representation regarding the condition of the Premises, the
      Building, the Common Areas or the Complex has been made by or on behalf of
      Landlord to Tenant, except as stated in this Lease. 

     

    
 

    8.
      ASSIGNMENT AND SUBLETTING

    

    8.01 ASSIGNMENT
      AND SUBLETTING

    

    Tenant
      shall not sublease the Premises, or assign, mortgage, pledge, hypothecate or
      otherwise transfer or permit the transfer of this Lease or the interest of
      Tenant in this Lease, in 

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

      

    

    whole
      or
      in part, by operation of law, court decree, or otherwise, without Landlord’s
      prior written consent, such consent not to be unreasonably withheld. If Tenant
      desires to assign this Lease or enter into any sublease of the Premises, Tenant
      shall deliver written notice of such intent to Landlord, together with a copy
      of
      the proposed assignment or sublease for Landlord’s approval before the effective
      date of the proposed assignment or sublease. Landlord shall respond to Tenant’s
      request for approval of the proposed assignment or sublease within a reasonable
      time after Landlord’s receipt of such document. Any approved sublease shall be
      expressly subject to the terms and conditions of this Lease, and Tenant shall
      pay Landlord, for each month of the term of the sublease, promptly upon receipt
      by Tenant, fifty percent (50%) of the excess of all rent paid by the subtenant
      for such month over that portion of the Rent due under this Lease for said
      month
      which is allocable on a square footage basis to the space sublet. In the event
      of any approved sublease or assignment, Tenant shall not be released or
      discharged from any liability, whether past, present or future, under this
      Lease, including (if this Lease is renewed) any renewal term of this Lease.
      Tenant is a wholly-owned subsidiary of Professionals Direct, Inc., a Michigan
      corporation (the “Parent Company”). No change in ownership, control, or
      management of the Parent Company shall constitute an assignment or sublease
      by
      the Tenant, and no change in the ownership, control, or management of the Parent
      Company shall require Landlord’s consent; however, any transaction which results
      in the Parent Company (or any entity resulting from a merger, consolidation,
      or
      other reorganization involving the Parent Company) owning less than 50.1% of
      the
      outstanding common stock of Tenant shall be considered an assignment of this
      Lease by Tenant. Tenant shall reimburse Landlord for all reasonable costs
      incurred by Landlord in connection with the proposed assignment or sublease,
      including without limitation attorneys' fees incurred in connection with review
      of the proposed assignment or sublease. For purposes of this Section, an
      assignment shall not be considered to include a change in Tenant resulting
      from
      a corporate merger, consolidation, or reorganization. Notwithstanding any
      provision in this Lease to the contrary, Landlord’s consent to any assignment of
      this Lease or subletting of all or any portion of the Premises shall not be
      required in the event of: (i) changes in beneficial ownership of Tenant; (ii)
      bona fide
      sale of
      Tenant’s assets; (iii) assignment or sublet to the Parent Company or another
      subsidiary or affiliate of Tenant or the Parent Company (including an successor
      to the Tenant or the Parent Company resulting from a merger, consolidation,
      or
      other reorganization involving the Tenant or the Parent Company).

    

    Anything
      contained in the foregoing provisions of this Section to the contrary
      notwithstanding, neither Tenant nor any other person having an interest in
      the
      possession, use, occupancy or utilization of the Premises shall enter into
      any
      lease, sublease, license, concession or other agreement for use, occupancy
      or
      utilization of space in the Premises which provides for rental or other payment
      for such use, occupancy or utilization based, in whole or in part, on the net
      income or profits derived by any person from the premises leased, used, occupied
      or utilized (other than an amount based on a fixed percentage or percentages
      of
      receipts or sales), and any such purported lease, sublease, license, concession
      or other agreement shall be absolutely void and ineffective as a conveyance
      of
      any right or interest in the possession, use, occupancy or utilization of any
      part of the Premises.

    

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

      

    

    8.02 
SUBLEASE
      RECAPTURE

    

    If
      Tenant
      requests Landlord’s approval of any proposed sublease of the Premises, Landlord
      shall have the option to exclude the space that Tenant proposes to sublease
      from
      the Premises covered by this Lease, effective as of the proposed commencement
      date of sublease of said space by Tenant. Landlord may exercise said option
      by
      giving Tenant written notice within twenty (20) days after receipt by Landlord
      of Tenant's notice of the proposed sublease. If Landlord exercises said option,
      Tenant shall surrender possession of the proposed sublease space to Landlord
      on
      the effective date of exclusion of said space from the Premises covered by
      this
      Lease, and neither party hereto shall have any further rights or liabilities
      with respect to said space under this Lease. Effective as of the date of
      exclusion of any portion of the Premises covered by this Lease pursuant to
      this
      paragraph, (i) the Rent shall be reduced in the same proportion as the number
      of
      square feet of Rentable Area contained in the portion of the Premises so
      excluded bears to the number of square feet of Rentable Area contained in the
      Premises immediately prior to such exclusion, and (ii) the Rentable Area of
      the
      Premises specified in Section 1.01 I shall be decreased by the number of
      square feet of Rentable Area contained in the portion of the Premises so
      excluded, for all purposes under this Lease.

     

    
 

    9.
      MAINTENANCE

    

    9.01 
LANDLORD'S
      MAINTENANCE

    

    So
      long
      as Tenant is not in default under this Lease beyond any applicable cure period,
      Landlord shall maintain and make necessary repairs to the roof, structural
      elements and exterior windows of the Building and the Common Areas, and the
      electrical, plumbing, heating, ventilation and air conditioning systems of
      the
      Building and the Common Areas, except that: 

    

    A. Landlord
      shall not be responsible for the maintenance, repair or replacement of any
      such
      systems which were installed by Tenant; and 

    

    B. Tenant
      shall reimburse Landlord for the actual reasonable cost of performing any of
      such maintenance or repairs caused by the gross negligence or willful act of
      Tenant, its employees, agents, or subtenants, in excess of insurance proceeds,
      if any, actually collected by Landlord; provided that Landlord shall give Tenant
      at least ten (10) days’ written notice before incurring any such costs unless
      prevented from doing so by an emergency, and in case of such an emergency,
      Landlord shall notify Tenant in writing as soon as reasonably possible before
      incurring any such costs. 

    

    All
      of
      Landlord’s obligations in this Section shall be performed in a manner consistent
      with the operation of a first-class office building.

    

    9.02 TENANT'S
      MAINTENANCE

    

    Tenant,
      at its expense, shall keep and maintain the Premises in good order, condition
      and repair, and in its occupancy of the Premises Tenant shall comply with all
      applicable legal, governmental and quasi-governmental requirements, ordinances
      and rules (including the Board 

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
        

      

    

    of
      Fire
      Underwriters), provided that Tenant shall not be obligated to perform any of
      Landlord’s obligations under this Lease. Tenant shall be responsible for the
      changing of all light bulbs within the Premises.

    

    9.03 MAINTENANCE
      OF COMMON AREAS

    

    The
      Common Areas shall be subject to the control, management, operation and
      maintenance of Landlord. Landlord shall have the right from time to time to
      establish, modify and enforce rules and regulations with respect to the Common
      Areas, subject to Article 18 below. Tenant agrees to comply with such rules
      and
      regulations, to cause its officers, agents, contractors and employees to so
      comply, and to make commercially reasonable efforts to cause its customers,
      invitees, concessionaires, suppliers and licensees to so comply. Unless
      otherwise limited by this Lease, Landlord shall have the right to construct,
      maintain and operate lighting and other facilities in and on the Common Areas;
      to grant third parties temporary rights of use thereof; from time to time to
      change the area, level, location or arrangement of parking areas and other
      facilities located in the Common Areas; to close all or any portion of the
      Common Areas to such extent as may, in the reasonable opinion of Landlord,
      be
      required to prevent a dedication thereof or accrual of any rights to any person
      or the public therein; to close temporarily all or any part of the parking
      areas
      or parking facilities; and to do and perform such other acts in and to the
      Common Areas as, in the exercise of good business judgment, Landlord shall
      determine to be advisable. Landlord will operate and maintain the Common Areas
      in a manner consistent with the operation of a first-class office
      building.

    

    10.
      ALTERATIONS AND IMPROVEMENTS SUBSEQUENT

    TO
      INITIAL OCCUPANCY

    

    10.01 TENANT'S
      ALTERATIONS SUBSEQUENT TO INITIAL OCCUPANCY

    

    Landlord
      consents to the Tenant’s leasehold improvements described in Exhibit E to this
      Lease. Tenant shall not, without the prior written consent of Landlord (such
      consent not to be unreasonably withheld), make or cause to be made any
      alterations, improvements, additions or installations in or to the Premises
      subsequent to the initial occupancy of the Premises by Tenant, other than the
      Tenant’s leasehold improvements described in Exhibit E. If Landlord so consents,
      before commencement of any such work or delivery of any materials into the
      Premises or the Building, Tenant shall furnish to Landlord for approval:
      architectural plans and specifications, names and addresses of all contractors,
      contracts, necessary permits and licenses, certificates of insurance and
      instruments of indemnification against any and all claims, costs, expenses,
      damages and liabilities which may arise in connection with such work, all in
      such form and amount as may be satisfactory to Landlord. (The requirements
      of
      the preceding sentence shall not apply to completion of the Tenant’s leasehold
      improvements described in Exhibit E.) Tenant agrees to hold Landlord, the
      Manager and their respective agents and employees forever harmless against
      all
      claims and liabilities of every kind, nature and description which may arise
      out
      of or in any way be connected with such work. All such work (other than the
      work
      described in Exhibit E) shall be done only by contractors or mechanics approved
      in writing by Landlord (such approval not to be unreasonably withheld) and
      at
      such time and in such manner as Landlord may from time to time designate. Tenant
      shall pay the cost of all such work. Upon 

    
      
        
        

      

      
        -11-

        
          

        

      

      
        
        

      

    

    completion
      of such work, Tenant shall furnish Landlord with contractors' affidavits and
      full and final waivers of lien and receipted bills covering all labor and
      materials expended or with other reasonable sufficient evidence showing that
      the
      cost of Tenant’s work has been paid. All such work shall be in compliance with
      all applicable legal, governmental and quasi-governmental requirements,
      ordinances and rules (including the Board of Fire Underwriters), and all
      requirements of applicable insurance companies. All such work shall be done
      in a
      good and workmanlike manner and with the use of good grades of materials
      including fire protection grades equivalent with those of the Building. Tenant
      shall permit Landlord, if Landlord so desires and at no cost to Tenant, to
      observe and inspect construction operations in connection with such work
      provided that Landlord does not interfere with or delay such operations;
      provided, however, that any such activities by Landlord and the approval or
      disapproval of the plans and specifications for such work in any situation
      shall
      not constitute any warranty by Landlord to Tenant of the adequacy of the design,
      workmanship or quality of such work or materials for Tenant's intended use
      or
      impose any liability upon Landlord in connection with the performance of such
      work. All alterations, improvements, additions and installations to or on the
      Premises shall (subject to Article 13) become part of the Premises at the time
      of their installation and shall remain in the Premises at the expiration or
      termination of the term of this Lease, without compensation or credit to Tenant;
      provided, however, all such alterations, improvements, additions and
      installations shall remain the personal property of the Tenant for tax purposes
      during the Term of this Lease.

    

    10.02 DECORATIVE
      ALTERATIONS

    

    Notwithstanding
      the foregoing, nothing herein shall be deemed to require the Landlord's consent
      for decorative alterations such as installation of wall coverings, hanging
      of
      paintings, prints and other wall hangings, painting of walls or similar
      alterations affecting only the interior of the Premises.

    

    10.03 LIENS

    

    Tenant
      shall not permit any lien or claim for lien of any mechanic, laborer or supplier
      or any other lien to be filed against the Complex, the Building, the Common
      Areas, the land which comprises the Complex, the Premises, or any part of such
      property, arising out of work performed, or alleged to have been performed
      by,
      or at the direction of, or on behalf of Tenant. If any such lien or claim for
      lien is filed, Tenant shall within sixty (60) days after Tenant receives actual
      notice of such filing either have such lien or claim for lien released of record
      or shall deliver to Landlord a bond or other security in form, content, amount,
      and issued by a company reasonably satisfactory to Landlord indemnifying
      Landlord, Manager and others designated by Landlord against all costs and
      liabilities resulting from such lien or claim for lien and the foreclosure
      or
      attempted foreclosure thereof. If Tenant fails to have such lien or claim for
      lien so released or to deliver such bond to Landlord, Landlord, without
      investigating the validity of such lien, may pay or discharge the same and
      Tenant shall reimburse Landlord upon demand for the amount so paid by Landlord,
      including Landlord's reasonable expenses and attorneys' fees.

    

    
      
        
        

      

      
        -12-

        
          

        

      

      
        
        

      

    

    10.04 SIGNS
      

    

    Tenant
      shall not display any sign, notice, picture or advertising matter in or about
      the Building or the Premises at places visible from outside the Premises without
      Landlord’s prior written consent, such consent not to be unreasonably withheld;
      however, the name of Tenant may be displayed on the entrance door of the
      Premises in accordance with the Building standards as established by Landlord
      and applied equally to all tenants and occupants of the Building. Upon
      expiration or earlier termination of this Lease, Tenant shall remove any signs
      or advertising consented to by Landlord and shall repair any damage caused
      by
      the removal. Notwithstanding the foregoing, Landlord acknowledges that to the
      extent permitted by law and ordinance, Tenant shall be permitted to install
      a
      sign on the Building, a sign panel on the existing monument sign and an
      identification sign on the lobby signage; provided that the location of such
      signage shall be subject to Landlord's prior approval, which shall not be
      unreasonably withheld, and Tenant shall be responsible for the costs of
      installation, maintenance and removal of such signage.

    

    11.
      WAIVER OF CLAIMS AND INDEMNITY

    

    11.01 Intentionally
      Omitted 

    

    11.02 INDEMNIFICATION
      

    

    Tenant
      agrees to indemnify, defend and hold harmless Landlord, the Manager, and their
      respective agents and employees, from and against any and all liabilities,
      claims, demands, costs and expenses of every kind and nature (including
      attorneys’ fees), including those arising from any injury or damage to any
      person (including death), property or business (a) sustained in or about the
      Premises (b) resulting from the gross negligence or willful act of Tenant or
      its
      employees, agents, or subtenants, or the failure of Tenant to perform its
      obligations under this Lease (except that under no circumstances shall Tenant
      be
      liable for exemplary or consequential damages); provided, however, Tenant's
      obligations under this Section shall not apply to injury or damage resulting
      from the gross negligence or willful act of Landlord, the Manager or their
      respective employees, agents or contractors. Landlord agrees to indemnify,
      defend and hold harmless Tenant from and against any and all liabilities,
      claims, demands, costs and expenses of every kind and nature (including
      attorneys’ fees), including those arising from any injury or damage to any
      person (including death), property or business (a) sustained in or about the
      Common Areas of the Building or the Complex (b) resulting from the gross
      negligence or willful act of Landlord or its employees, agents, invitees,
      contractors, licensees or subtenants, or the failure of Landlord to perform
      its
      obligations under this Lease; provided, however, Landlord’s obligations under
      this Section shall not apply to injury or damage resulting from the gross
      negligence or willful act of Tenant or its employees, agents or contractors.
      

    

    11.03 WAIVER
      OF
      SUBROGATION

    

    Notwithstanding
      such waiver and indemnification or anything else to the contrary contained
      in
      this Lease:

    

    
      
        
        

      

      
        -13-

        
          

        

      

      
        
        

      

    

    A. Tenant
      shall not be responsible or liable to Landlord for any loss resulting from
      a
      peril for which insurance is required hereunder. Landlord shall cause its policy
      or policies of insurance to contain effective waivers of subrogation for the
      benefit of Tenant.

    

    B. Landlord
      and the Manager shall not be responsible or liable to Tenant for any event,
      act
      or omission to the extent covered by insurance required to be obtained and
      maintained by Tenant with respect to the Premises and its use and occupancy
      thereof (whether or not such insurance is actually obtained or maintained)
      and
      the proceeds of such other insurance as is obtained and maintained by Tenant
      with respect to the Premises and to its use and occupancy thereof. Tenant shall
      cause its policy or policies of insurance to contain effective waivers of
      subrogation for the benefit of Landlord.

    

    12.
      EVENTS OF DEFAULT

    

    12.01 EVENTS
      OF
      DEFAULT

    

    Each
      of
      the following shall constitute an event of default by Tenant under this Lease:
      (1) Tenant fails to pay any installment of Rent within five (5) days after
      its
      actual receipt (or refusal) of notice (as described in Section 25) from Landlord
      that the rent is overdue; (2) Tenant fails to observe or perform any of the
      other covenants, conditions or provisions of this Lease to be observed or
      performed by Tenant and fails to cure such default within thirty (30) days
      after
      its actual receipt (or refusal) of written notice (as described in Section
      25)
      from Landlord (but if the default is of such a nature that it cannot reasonably
      be cured within thirty (30) days, Tenant shall not be deemed to be in default
      so
      long as it commences the cure within the 30-day period and diligently attempts
      to cure); (3) the interest of Tenant in this Lease is levied upon under
      execution or other legal process; (4) a petition is filed by or against Tenant
      to declare Tenant bankrupt or seeking a plan of reorganization or arrangement
      under any Chapter of the Bankruptcy code, or any amendment, replacement or
      substitution therefor, or to delay payment of, reduce or modify Tenant's debts,
      or any petition is filed or other action is taken against Tenant to reorganize
      or modify Tenant's capital structure or upon the dissolution of Tenant, provided
      that in the case of any such petition or action filed against Tenant, such
      petition or proceeding is not dismissed within sixty (60) days after service
      of
      process on Tenant; (5) any assignment of Tenant's property is made by Tenant
      for
      the benefit of creditors; (6) a receiver is appointed for Tenant or Tenant's
      property provided that such receiver is not dismissed within sixty (60) days
      after service of process on Tenant; or (7) Tenant abandons the Premises for
      a
      period of not less than thirty (30) consecutive days.

    

    12.02 LATE
      CHARGES

    

    Any
      Rent
      not received by Landlord within five (5) days after receipt of notice from
      Landlord that the Rent is overdue shall be assessed a one-time late charge
      equal
      to five percent (5%) of the late payment. In addition, all Rent due and not
      paid
      before the expiration of any applicable grace period shall bear interest at
      the
      rate of twelve percent (12%) per annum (simple interest) from the date due
      (prior to any grace period for payment) until paid. Interest on such

    
      
        
        

      

      
        -14-

        
          

        

      

      
        
        

      

    

    delinquent
      Rent shall be waived if not billed to Tenant in writing within thirty (30)
      days
      after such interest allegedly was incurred.

    

    12.03 LANDLORD'S
      REMEDIES

    

    Upon
      the
      occurrence of an event of default by Tenant under this Lease which remains
      uncured after the expiration of any applicable cure period, Landlord, at its
      option, without further notice or demand to Tenant, may in addition to all
      other
      rights and remedies provided in this Lease, at law or in equity:

    

    (a)
      declare this Lease at an end, in which event Tenant shall immediately pay
      Landlord a sum of money equal to the total of (i) the amount of the unpaid
      rent
      accrued through the date of termination; (ii) the present value (discounted
      at 5% per year or, if higher, such other amount as may be required by Michigan
      law or standard jury instructions) of the amount by which the unpaid rent
      reserved for the balance of the term exceeds (A) the damages that could have
      been avoided by Landlord making reasonable efforts to mitigate its damages
      (net
      of the costs of such reletting) and (B) any benefits derived by Landlord arising
      from or as a result of Tenant’s breach; (iii) the amount of any rent previously
      abated during the first Lease Year pursuant to Article 4 of this Lease (but
      only
      if this Lease is terminated by Landlord before the expiration of the tenth
      (10th)
      Lease
      Year, or a court of competent jurisdiction determines that this Lease was so
      terminated); and (iv) any other amount necessary to compensate Landlord for
      all damages proximately caused by Tenant's failure to perform its obligations
      under the Lease (but in no event shall Tenant be liable for exemplary or
      consequential damages), or 

    

    (b)
      without terminating this Lease, relet the Premises, or any part thereof, for
      the
      account of Tenant upon such terms and conditions as Landlord may deem reasonably
      advisable, and any monies received from such reletting shall be applied first
      to
      the expenses of such reletting and collection, including necessary renovation
      and alterations of the premises, reasonable attorneys' fees, any real estate
      commissions paid, and thereafter toward payment of all sums due or to become
      due
      Landlord hereunder, and if a sufficient sum shall not be thus realized to pay
      such sums and other charges then accrued, Tenant shall pay Landlord any
      deficiency monthly, notwithstanding that Landlord may have received rental
      in
      excess of the rental stipulated in this Lease in previous months, and Landlord
      may bring an action therefor as such monthly deficiency shall
      arise.

    

    No
      re-entry and taking of possession of the Premises by Landlord shall be construed
      as an election on Landlord's part to terminate this Lease, regardless of the
      extent of renovations and alterations by Landlord, unless a written notice
      of
      such intention is given to Tenant by Landlord or a court of competent
      jurisdiction determines otherwise. Notwithstanding any reletting without
      termination, Landlord may at any time thereafter elect to terminate this Lease
      for such previous breach.

    

    Upon
      the
      filing of a petition by or against the Tenant under the Bankruptcy Code, the
      Tenant, as debtor and as debtor-in-possession, and any trustee who may be
      appointed agree as follows: (a) to perform each and every obligation of the
      Tenant under this Lease until such time as this Lease is either rejected or
      assumed by order of the United States Bankruptcy Court; (b) to 

    
      
        
        

      

      
        -15-

        
          

        

      

      
        
        

      

    

    pay
      monthly in advance on the first day of each month as reasonable compensation
      for
      use and occupancy of the Premises an amount equal to all rent and other charges
      otherwise due pursuant to this Lease; (c) to reject or assume this Lease within
      sixty (60) days of the filing of such petition; (d) to give the Landlord at
      least forty-five (45) days’ prior written notice of any proceeding relating to
      any assumption of this Lease; (e) to give at least thirty (30) days’ prior
      written notice of any abandonment of the Premises (any such abandonment to
      be
      deemed a rejection of this Lease); (f) to do all other things of benefit to
      the
      Landlord otherwise ordered by the United States Bankruptcy Court; and (g) to
      be
      deemed to have rejected this Lease in the event of the failure to comply with
      any of the above. No default of this Lease by the Tenant, either prior to or
      subsequent to the filing of such a petition, shall be deemed to have been waived
      unless expressly done so in writing by the Landlord.

    

    12.04 ATTORNEYS'
      FEES

    

    Tenant
      shall pay, upon demand, all reasonable costs and expenses, including attorneys'
      fees, incurred by Landlord in enforcing Tenant's obligations under this Lease
      or
      resulting from Tenant's default under this Lease which remains uncured after
      the
      expiration of any applicable cure period. Landlord shall pay, upon demand,
      all
      reasonable costs and expenses, including attorneys’ fees, incurred by Tenant in
      enforcing Landlord's obligations under this Lease or resulting from Landlord's
      default under this Lease.

    

    13.
      SURRENDER OF PREMISES

    

    Upon
      the
      expiration or termination of this Lease or termination of Tenant's right of
      possession of the Premises, Tenant shall surrender and vacate the Premises
      immediately and deliver possession thereof to Landlord in a clean, good and
      tenantable condition, ordinary wear excepted. Upon any termination, Tenant
      shall
      be entitled to remove from the Premises all unattached and moveable trade
      fixtures and personal property of Tenant without credit or compensation from
      Landlord, provided Tenant immediately shall repair all damage resulting from
      such removal and shall restore the Premises to a tenantable condition. In the
      event possession of the Premises is not immediately delivered to Landlord or
      if
      Tenant shall fail to remove any unattached and movable trade fixtures or
      personal property which Tenant is entitled to remove, Landlord may remove same
      without any liability to Tenant. Any movable trade fixtures and personal
      property which may be removed from the Premises by Tenant but which are not
      so
      removed upon the vacancy of the Premises shall be conclusively presumed to
      have
      been abandoned by Tenant and title to such property shall pass to Landlord
      without any payment or credit and Landlord may, at its option and at Tenant's
      expense (but after written notice to Tenant describing Landlord’s intended
      action), store and/or dispose of such property.

    

    14.
      HOLDING OVER

     

    Tenant
      shall pay Landlord 125% of the Additional Rent then applicable for each month
      or
      partial month (prorated on a daily basis) during which Tenant retains possession
      of the Premises, or any part of the Premises, after the expiration or
      termination of this Lease, or the termination of Tenant's right of possession
      of
      the Premises, and Tenant shall be deemed to be occupying the Premises as a
      month-to-month tenant. Tenant shall indemnify Landlord against all damages
      sustained by Landlord by reason of such retention of possession (but in no
      event
      shall 

    
      
        
        

      

      
        -16-

        
          

        

      

      
        
        

      

    

     

    Tenant
      be
      liable for consequential or exemplary damages for remaining in possession after
      the expiration or termination of this Lease or Tenant’s right of possession of
      the Premises). The provisions of this Article shall not constitute a waiver
      by
      Landlord of any re-entry rights of Landlord available under this Lease or by
      law. 

    

    15.
      DAMAGE BY FIRE OR OTHER CASUALTY

    

    15.01 SUBSTANTIAL
      UNTENANTABILITY

    

    If
      either
      the Premises, the Building or the Complex is rendered substantially untenantable
      by fire or other casualty, Landlord may elect by giving Tenant written notice
      within sixty (60) days after the date of said fire or casualty, either to:
      (1)
      terminate this Lease as of the date of the fire or other casualty; or
      (2) proceed to repair or restore the Premises, the Building or the Complex
      (other than leasehold improvements and personal property installed by Tenant),
      to substantially the same condition as existed immediately prior to such fire
      or
      casualty.

    

    If
      Landlord elects to proceed pursuant to subsection (2) above, Landlord's notice
      shall contain construction contractor’s reasonable signed estimate of the cost
      of such repairs or restoration and the time required to substantially complete
      such repair or restoration, and shall be accompanied by such evidence of the
      Landlord’s ability to pay for such repairs and restoration as Tenant may
      reasonably request. If such estimate indicates that the time so required will
      exceed one hundred twenty (120) days from the date of the casualty, or if
      Landlord’s notice is not accompanied by the other items and information required
      by the preceding sentence, then Tenant shall have the right to terminate this
      Lease as of the date of such casualty by giving written notice to Landlord
      not
      later than twenty (20) days after the date of the Landlord's notice. If the
      contractor’s estimate indicates that the repair or restoration can be
      substantially completed within one hundred twenty (120) days, or if Tenant
      fails
      to exercise its right to terminate this Lease, this Lease shall remain in force
      and effect. Notwithstanding the contractor’s estimated timetable for substantial
      completion, if the repair of restoration is not substantially complete within
      one hundred twenty (120) days after the date of the casualty, Tenant shall
      have
      the right at any time thereafter until the repair or restoration is
      substantially complete to terminate this Lease as of the date of the casualty
      by
      written notice to Landlord. 

    

    If
      the
      Premises, the Building or the Complex is rendered substantially untenantable
      by
      Tenant (as defined below) because of fire or other casualty, Tenant may elect,
      by giving Landlord written notice within sixty (60) days after the date of
      said
      fire or other casualty, to terminate this Lease as of the date of the fire
      or
      other casualty. For purposes of this paragraph, Tenant shall be entitled to
      determine that the Premises have been rendered substantially untenantable by
      Tenant if Tenant, or its employees, contractors, clients, or invitees, are
      unable, for a period of seventy-five (75) consecutive days, or more, to occupy
      and use all or any material part of the Premises or the Common Areas for the
      normal conduct of its business, or to gain access to the Premises or the Common
      Areas by reasonable means. 

    

    
      
        
        

      

      
        -17-

        
          

        

      

      
        
        

      

    

    15.02 INSUBSTANTIAL
      UNTENANTABILITY

    

    If
      either
      the Premises, the Building or the Complex is damaged by fire or other casualty
      but is not rendered substantially untenantable, then Landlord shall diligently
      proceed to repair and restore the damaged portions thereof, other than the
      leasehold improvements and personal property installed by Tenant, to
      substantially the same condition as existed immediately prior to such fire
      or
      casualty, unless such damage occurs during the last twelve (12) months of the
      initial Term or any Renewal Term, in which case either party shall have the
      right to terminate this Lease as of the date of such fire or other casualty
      by
      giving written notice to the other party within thirty (30) days after the
      date
      of such fire or other casualty. 

    

    15.03 RENT
      ABATEMENT RELATED TO FIRE OR CASUALTY

    

    If
      all or
      any part of the Premises are damaged by fire or other casualty and this Lease
      is
      not terminated, Monthly Base Rent and Additional Rent shall abate for all or
      that part of the Premises which are untenantable on a per diem and proportionate
      area basis from the date of the fire or other casualty until Landlord has
      substantially completed the repair and restoration work in the Premises which
      it
      is required to perform, obtained a certificate of occupancy or any other
      approval needed for Tenant to occupy the Premises and served on Tenant written
      notice of the completion of repairs and restoration; provided, that as a result
      of such fire or other casualty, Tenant does not occupy the portion of the
      Premises which are untenantable during such period for the normal conduct of
      its
      business.

    

    15.04 TENANT'S
      RESTORATION

    

    If
      all or
      any part of the Premises are damaged by fire or other casualty and this Lease
      is
      not terminated, Tenant shall promptly and with due diligence repair and restore
      the leasehold improvements and personal property previously installed by Tenant
      pursuant to this Lease.

    

    16.
      EMINENT DOMAIN

    

    16.01 PERMANENT
      TAKING

    

    If
      all or
      any part of the Premises, the Building or the Complex is permanently taken
      or
      condemned by any competent authority for any public use or purpose (including
      a
      deed given in lieu of condemnation), which renders the Premises substantially
      untenantable, this Lease shall terminate as of the date title vests in such
      authority, and Monthly Base Rent and/or Additional Rent shall be apportioned
      as
      of such date. For purposes of this paragraph, Tenant shall be entitled to
      determine that the Premises are substantially untenantable by Tenant if Tenant,
      or its employees, contractors, clients, or invitees, are unable to occupy and
      use all or any material part of the Premises or the Common Areas for the normal
      conduct of its business, or to gain access to the Premises or the Common Areas
      by reasonable means, or if the number of parking spaces to which Tenant is
      entitled under this Lease is reduced. If Tenant reasonably determines that
      the
      Premises are or will be untenantable by Tenant as a result of a permanent
      taking, Tenant may elect, by giving Landlord written notice within sixty (60)
      days after receiving actual notice of a taking or a proposed taking, to
      terminate this Lease as of the date of the date of the taking. 

    
      
        
        

      

      
        -18-

        
          

        

      

      
        
        

      

    

    16.02 INSUBSTANTIAL
      TAKING

    

    If
      any
      part of the Premises, the Building or the Complex is taken or condemned for
      any
      public use or purpose (including a deed given in lieu of condemnation) and
      this
      Lease is not terminated pursuant to Section 16.01, Monthly Base Rent and
      Additional Rent shall be reduced for the period of such taking by an amount
      which bears the same ratio to Additional Rent then in effect as the number
      of
      square feet of Rentable Area in the Premises so taken or condemned, if any,
      bears to the number of square feet of Rentable Area specified in Section
      1.01 I. Landlord, upon receipt and to the extent of the award in
      condemnation or proceeds of sale, shall make necessary repairs and restorations
      (exclusive of leasehold improvements and personal property installed by Tenant)
      to restore the Premises remaining to as near its former condition as
      circumstances will permit, and to the Building and Complex to the extent
      necessary to constitute the portion of same not so taken or condemned as a
      complete architectural unit. In the event of any taking or condemnation
      described in this Section 16.02, the Rentable Area of the Premises stated in
      Section 1.01 I and the Rentable Area of the Complex as specified in this
      Lease, shall be reduced, respectively, for all purposes under this Lease by
      the
      number of square feet of Rentable Area of the Premises, if any, and the Complex,
      if any, so taken or condemned as determined and certified by an independent
      professional architect selected by Landlord.

    

    16.03 COMPENSATION

    

    Landlord
      shall be entitled to receive the entire price or award from any such sale,
      taking or condemnation without any payment to Tenant, and Tenant hereby assigns
      to Landlord Tenant's interest, if any, in such award; provided, however, Tenant
      shall have the right separately to pursue against the condemning authority
      an
      award in respect of the loss, if any, to leasehold improvements paid for by
      Tenant without any credit or allowance from Landlord, and for its business
      relocation expenses. Under no circumstances shall the Tenant be entitled to
      any
      compensation for the value of its leasehold estate. 

    

    17.
      TENANT’S INSURANCE

    

    Tenant,
      at its expense, shall maintain in force during the Term:

    

    A. Comprehensive
      general public liability Insurance, which shall include coverage for personal
      liability, contractual liability, tenant's legal liability, bodily injury
      (including death) and property damage, all on an occurrence basis with respect
      to the business carried on, in or from the Premises and Tenant’s use and
      occupancy of the Premises with coverage for any one occurrence or claim of
      not
      less than $2,000,000; and

    

    B. All
      risk
      coverage insurance for the replacement value of Tenant's property (including
      fixtures, leasehold improvements and equipment) located in the
      Premises.

    

    All
      insurance required to be maintained by Tenant shall be on terms and with
      insurers reasonably acceptable to Landlord. Landlord shall be named as a named
      insured, containing a cross liability endorsement with respect to the
      comprehensive general public liability insurance.

    
      
        
        

      

      
        -19-

        
          

        

      

      
        
        

      

    

    The
      insurer shall agree that the policy will not lapse or be canceled as to
      Landlord, except after not less than thirty (30) days’ prior written notice to
      Landlord of the intended change, lapse or cancellation. Tenant shall furnish
      to
      Landlord, upon reasonable written request certificates or other evidences
      acceptable to Landlord as to the insurance from time to time maintained by
      Tenant and the renewal or continuation in force of such insurance. Tenant may
      satisfy the requirements contained in this paragraph by an endorsement to any
      blanket policy of insurance maintained by Tenant otherwise in accordance with
      the provisions of this paragraph.

    

    18.
      RULES
      AND REGULATIONS

    

    Tenant
      agrees for itself and for its subtenants, employees and agents to comply with
      the rules and regulations attached hereto as Exhibit B. Landlord and Tenant
      agree that the Rules and Regulations may be amended in writing from time to
      time, provided that the amendments are not inconsistent with the terms of this
      Lease and the amendments are reasonable. Landlord shall enforce the Rules and
      Regulations, as amended from time to time, uniformly as to all tenants and
      occupants of the Building and the Complex. An amendment shall become a part
      of
      this Lease upon written notification to Tenant of the changes. If there is
      a
      conflict between any provision of this Lease and any provision of the Rules
      and
      Regulations as now or hereafter in effect, the provisions of this Lease shall
      supersede and prevail over the conflicting provisions of the Rules and
      Regulations. 

    

    19.
      LANDLORD'S RIGHTS

    

    Landlord
      shall have the following rights exercisable without notice (except as expressly
      provided to the contrary) and without being deemed an eviction or disturbance
      of
      Tenant's use or possession of the Premises or giving rise to any claim for
      set-off or abatement of Rent: (1) to change the name or street address of the
      Building or the Complex, upon thirty (30) days’ prior written notice to Tenant;
      (2) to install, affix and maintain all signs on the exterior and/or interior
      of
      the Building and in and about the Complex; (3) to designate and/or approve
      prior
      to installation, all types of signs, window shades, blinds, drapes, awnings
      or
      other similar items, and all internal lighting that may be visible from the
      exterior of the Premises; (4) to display the Premises to prospective tenants
      upon reasonable advance notice to Tenant and at reasonable hours during the
      last
      180 days of the term of this Lease, unless Tenant has duly exercised its renewal
      option for the forthcoming renewal term, if any; (5) to enter the Premises
      upon
      reasonable advance notice to Tenant and at reasonable hours for purposes of
      accessing any portion of the Annex that Tenant has not leased pursuant to
      Section 28 below for the purpose of showing such unleased Annex space to
      prospective tenants; (6) to change the arrangement of entrances, doors,
      corridors, elevators and stairs in the Building, provided that no such change
      shall materially adversely affect access to the Premises; (7) to grant to any
      party the exclusive right to conduct any business or render any service in
      or to
      the Building, provided such exclusive right shall not operate to prohibit Tenant
      from using the Premises for the purposes permitted hereunder or affect, or
      cause
      Tenant to violate, any then existing contract; (8) to prohibit the placing
      of
      vending or dispensing machines of any kind in or about the Premises other than
      for the use by Tenant's employees; (9) to have access for Landlord and other
      tenants of the building to any mail chutes and boxes located in or on the
      Premises according to the rules of the United States Post Office; (10) to close
      the Building after normal business hours, except that Tenant and

    
      
        
        

      

      
        -20-

        
          

        

      

      
        
        

      

    

    its
      employees and invitees shall be entitled to admission at all times under such
      regulations as Landlord prescribes for security purposes; (11) to take any
      and
      all reasonable measures, including inspections and repairs to the Premises
      (but
      only after reasonable written notice to Tenant and in the company of a Tenant
      representative if requested by Tenant) or to the Building, as may be necessary
      or desirable in the operation or protection thereof; (12) to retain at all
      times
      master keys or pass keys to the Premises; (13) to install, operate and maintain
      security systems which monitor, by closed circuit television or otherwise,
      all
      persons entering and leaving the Building or the Complex; (14) to install and
      maintain pipes, ducts, conduits, wires and structural elements located in the
      Premises which serve other parts or other tenants of the Building so long as
      such activities do not interfere with Tenant’s quiet enjoyment of the Premises
      during Tenant’s normal business hours; and (15) to inspect the Premises from
      time to time to determine compliance with Tenant's obligations under this Lease
      and to show the Premises to prospective purchasers or lenders (but in each
      case
      only after reasonable written notice to Tenant and in the company of a Tenant
      representative if requested by Tenant).

    

    20.
      ESTOPPEL CERTIFICATE

    

    Tenant
      shall from time to time, upon not less than twenty (20) days’ prior written
      request by Landlord or any mortgagee or ground lessor of the Complex, deliver
      to
      Landlord or such mortgagee or ground lessor a statement in writing certifying:
      (1) that to Tenant’s knowledge this Lease is unmodified and in full force and
      effect or, if Tenant is aware of any such modifications, that this Lease, as
      modified, is in full force and effect, unless such statements are untrue; (2)
      the amount of Additional Rent then payable under this Lease and the date to
      which Rent has been paid by Tenant; (3) that Landlord is not in default under
      this Lease or any work letter agreement, or, if in default, a description of
      such default(s); (4) that Tenant is or is not in possession of the Premises,
      as
      the case may be; and (5) such other information as may be reasonably requested
      which is readily available to Tenant from its own records without cost, inquiry,
      or reliance on others.

    

    If
      in
      connection with any financing or assignment or subletting, Tenant desires a
      certificate from Landlord substantially as described above, Landlord shall
      execute and deliver to Tenant certificate(s) in substantially the form described
      above.

    

    21.
      (Intentionally Deleted)

    

    22.
      ADDITIONAL RENT

    

    22.01 OPERATING
      COSTS

    

    Except
      as
      limited by Section 22.02 below, Tenant shall pay as Additional Rent Tenant’s
      Share of Operating Costs incurred by Landlord during any calendar year. Such
      costs shall be prorated for any partial year. Tenant’s Share of Operating Costs
      is set forth in Section 1.01 M of the Lease. Operating Costs shall include
      Landlord’s direct and indirect costs and expenses of every kind and nature paid
      or incurred in the operation and management of the Building including, without
      limitation: all property taxes and assessments, real, personal, general and
      special (including expenses incurred in appealing the assessment for such
      taxes); water, sewer, 

    
      
        
        

      

      
        -21-

        
          

        

      

      
        
        

      

    

    electricity,
      gas and other sources of power for heating, lighting, ventilating and air
      conditioning (unless separately metered to individual tenants); insurance
      premiums (including premiums for fidelity bonds, plate glass insurance,
      liability insurance covering personal injury, death and property damage, fire
      insurance with extended coverage, business interruption insurance and workmen’s
      compensation insurance); property management fees; janitorial services for
      Common Areas; wages, salaries, fringe benefits and applicable taxes on the
      employer if work performed by Landlord’s employees; the cost of replacements to
      the Building; supplies consumed in connection with the cleaning and general
      maintenance; snow removal and exterior ground care; all costs and expense of
      operating, repairing, replacing, decorating, lighting, cleaning, painting and
      repainting, striping, surfacing and resurfacing, removing of rubbish and debris,
      policing, securing (including but not limited to all security equipment
      installed within the Building), regulating traffic, inspecting and depreciation
      of machinery and equipment used in the operation of the Building and adjacent
      parking areas; costs and expenses of operating, repairing, maintaining and
      replacing the parking areas; costs and expenses of replacement of paving, curbs,
      walkways, landscaping, drainage, and lighting facilities; costs and expenses
      of
      planting, replanting and replacing flowers and shrubbery; all repairs and
      general maintenance of the Building and appropriate reserves for all such costs
      and expenses in accordance with sound accounting practices. 

    

    Notwithstanding
      anything in this paragraph 22.01 to the contrary, the following items shall
      be
      specifically excluded from "Operating Costs":

    

    
      	 	
              1.

            	
              All
                costs incurred in connection with or directly related to the original
                construction of the Building or the Complex or any expansion or renovation
                thereof;

            

    

    

    
      	 	
              2.

            	
              Interest
                or payments on any financing for the Building and/or the
                Complex;

            

    

    

    
      	 	
              3.

            	
              Costs
                of correcting defects in, or inadequacy of the design and construction
                of,
                the Building and/or the Complex or repair and replacement of any
                of the
                original materials or equipment required as a result of such defects
                or
                inadequacies;

            

    

    

    
      	 	
              4.

            	
              Any
                expenses resulting from the gross negligence of the Landlord, its
                agents,
                servants or employees;

            

    

     

    
      	 	
              5.

            	
              The
                cost of any repair to remedy damage caused by or resulting from the
                gross
                negligence of any other tenants in the
                Building;

            

    

    
      
      

       

      
        	 	
                6

              	
                Reserves
                  for anticipated future expenses;

              

      

       

    

    
      	 	
              7.

            	
              Legal
                and other fees, leasing commissions, advertising expenses and other
                costs
                incurred in connection with development or leasing of the Building
                or
                future releasing of the Building;

            

    

    

    
      
        
        

      

      
        -22-

        
          

        

      

      
        
        

      

    

    
      	 	
              8.

            	
              Any
                items for which Landlord is reimbursed by insurance or otherwise
                compensated, including direct reimbursement by any
                tenant;

            

    

    

    
      	 	
              9.

            	
              Any
                bad debt loss, rent loss or reserves for bad debts or rent
                loss;

            

    

    

    
      	 	
              10.

            	
              The
                costs (or any depreciation or amortization thereof) of any alterations,
                additions, changes, replacements, improvements, repairs, fixtures,
                and
                equipment and other items which under generally accepted accounting
                principles consistently applied as pertaining to the real estate
                industry
                are properly classified as a capital expense, except that such capital
                expenditures may be included if allocated over the useful life of
                the
                component as determined by the Internal Revenue Code, as amended,
                and the
                rules and regulations promulgated
                thereunder;

            

    

    

    
      	 	
              11.

            	
              All
                interest and penalties incurred as a result of Landlord’s negligently
                failing to pay any bill as the same shall become
                due;

            

    

    

    
      	 	
              12.

            	
              Any
                and all costs associated with the operation of the business of the
                entity
                which constitutes Landlord, which costs are not directly related
                to the
                operation, management, maintenance and repair of the
                Building;

            

    

    

    
      	 	
              13.

            	
              All
                costs and expenses associated with removal and clean-up of asbestos,
                hazardous wastes or toxic substances unless caused by
                Tenant;

            

    

    

    
      	 	
              14.

            	
              Management
                fees in excess of four percent (4%) of base rent;
                and

            

    

    

    
      	 	
              15.

            	
              Expenses
                of renovating vacant or vacated space in the
                Building.

            

    

    

    22.02 LIMITATION
      ON TENANT’S SHARE OF CAPPED OPERATING COSTS

    

    Landlord
      estimates that Tenant's Share of Operating Costs for calendar year 2006 will
      be
      $5.50 per rentable square foot (i.e.,
      10,877
      rentable square feet x $5.50 = $59,823.50 total estimated Operating Costs for
      calendar year 2006 ). The Operating Costs include the following market rate
      Operating Costs: (1) all real property taxes and assessments; (2) all costs
      for
      public sewer and water; (3) all costs for electricity and natural gas; (4)
      all
      charges for snow removal; (5) all EPS building security or other security
      charges for comparable security services; and (6) all premiums and costs for
      insurance coverage carried by the Landlord with respect to the Building and
      the
      Complex, including liability and property damage insurance. The market rate
      Operating Costs specified in clauses (1) through (6) of the preceding sentence
      are referred to below as the "Market Rate Operating Costs." All items now or
      hereafter constituting Operating Costs, other than the Market Rate Operating
      Costs, are referred to below as the "Capped Operating Costs." Notwithstanding
      any provision of this Lease to the contrary, at no time during the term of
      this

    
      
        
        

      

      
        -23-

        
          

        

      

      
        
        

      

    

    Lease
      shall Tenant’s Share of the Capped Operating Costs exceed Tenant’s Share of the
      "Capped Operating Costs Amount" described below for the relevant calendar year.
      The Tenant's Share of Capped Operating Costs Amount shall be One and 78/100
      Dollars ($1.78) per rentable square foot for the 2006 calendar year and shall
      increase by two percent (2%) for 2007 (to $1.82 per rentable square foot) and
      by
      two percent (2%) for each calendar year thereafter during the term of this
      Lease. 

    

    22.03 PROJECTIONS

    

    For
      purposes of calculating Operating Costs for any calendar year, Landlord may
      make
      reasonable estimates, forecasts or projections (collectively, the “Projections")
      of Operating Costs for such calendar year. Landlord’s initial estimate of
      Tenant’s Share of Operating Costs per month is stated in Section 1.01 N.
      Not less than ten (10) days prior to each Adjustment Date (each January 1
      occurring within the Lease term), Landlord shall deliver to Tenant a written
      statement setting forth the projections of Operating Costs for the calendar
      year
      in which such Adjustment Date occurs and providing a calculation of the change
      in monthly installments of Rent to become effective as of the Adjustment Date;
      provided, however, that the failure of Landlord to provide any such statement
      shall not relieve Tenant from its obligation to continue to pay Additional
      Rent
      at the rate then in effect under this Lease, and if and when Tenant receives
      such statement from Landlord, Tenant shall (subject to Section 22.02 above)
      pay
      any increases in monthly Rent reflected thereby, effective retroactively to
      the
      most recently preceding Adjustment Date, or take a credit in the amount of
      any
      overpayment against the installments of monthly Rent next coming due.

    

    22.04 READJUSTMENTS
      

    

    On
      or
      about April 1st following the end of each Adjustment Year, or at such later
      time
      as Landlord shall be able to determine the actual amounts of Operating Costs
      for
      the Adjustment Year last ended, Landlord shall notify Tenant in writing of
      such
      actual amounts. The written notice shall detail and itemize all of the costs
      and
      expenses which constitute the Operating Costs, and shall separately identify
      the
      Capped Operating Costs and the Market Rate Operating Costs. If such actual
      amounts exceed the Projections for such Adjustment Year, then Tenant shall,
      within thirty (30) days after the date of such written notice from Landlord,
      pay
      to Landlord Tenant’s Share of the excess, subject to Section 22.02 above. The
      obligation to make such payments shall survive the expiration or earlier
      termination of the Term. If the total Additional Rent paid by Tenant during
      such
      Adjustment Year exceeds the amount thereof payable for such year based upon
      actual Operating Costs for such Adjustment Year, then Landlord shall credit
      such
      excess to installments of Additional Rent payable after the date of Landlord's
      notice until such excess has been exhausted, or if this Lease shall expire
      prior
      to full application of such excess, Landlord shall pay to Tenant the balance
      thereof not theretofore applied against Rent. No interest or penalties shall
      accrue on any amounts which Landlord is obligated to credit or to pay Tenant
      by
      reason of this Section if the credit or payment is made in accordance with
      this
      Lease.

    

    
      
        
        

      

      
        -24-

        
          

        

      

      
        
        

      

    

    22.05 BOOKS
      AND
      RECORDS

    

    Landlord
      shall maintain books and records showing Operating Costs in accordance with
      sound accounting practices and shall retain such books and records for a period
      of one (1) year after the end of each calendar year during which such Operating
      Costs were paid or incurred. The books and records shall be available to Tenant
      for inspection upon prior reasonable notice.

    

    22.06 NO
      DECREASES IN MONTHLY BASE RENT

    

    Notwithstanding
      anything to the contrary contained in this Lease, Monthly Base Rent shall not
      be
      decreased below the amount set forth in Section 1.01 I.

    

    22.07 AUDIT

    

    Tenant
      shall have the right to audit Landlord’s notice or statement of Operating Costs
      at reasonable times after reasonable written notice, but not more often than
      once per year, and then only for the immediately prior year’s expenses. If the
      audit discloses an overstatement of five percent (5%) or more, Landlord shall
      reimburse Tenant for (or pay directly, as the case may be) the reasonable cost
      of the audit.

    

    22.08 OPERATING
      COSTS FOR PRIOR YEARS

    

    Landlord
      represents and warrants to Tenant that Exhibit F to this Lease sets forth the
      Operating Costs for calendar years 2003, 2004, and 2005. Landlord acknowledges
      that, in deciding to enter into this Lease, Tenant justifiably relied on the
      accuracy and completeness of the Operating Costs, as set forth in Exhibit F
      to
      this Lease, and that the accuracy and completeness of Exhibit F was a material
      inducement to Tenant’s decision to execute and deliver this Lease.

    

    23.
      REAL
      ESTATE BROKERS

    

    Tenant
      represents that, except for the broker set forth in Section 1.01 K hereof
      as Tenant's Broker and the broker set forth in Section 1.01 L as Landlord’s
      Broker, Tenant has not dealt with any real estate broker, salesperson, or finder
      in connection with this Lease, and no such person initiated or participated
      in
      the negotiation of this Lease, or showed the Premises to Tenant. Tenant agrees
      to indemnify and hold harmless Landlord and the Manager from and against any
      and
      all liabilities and claims for commissions and fees arising out of a breach
      of
      the foregoing representation (except that in no event shall Tenant be liable
      for
      exemplary or consequential damages). Landlord shall be responsible for the
      payment of commissions to Tenant's Broker and Landlord's Broker set forth in
      Section 1.01 L pursuant to a separate written agreement.

    

    
      
        
        

      

      
        -25-

        
          

        

      

      
        
        

      

    

    24.
      SUBORDINATION AND ATTORNMENT

    

    24.01 SUBORDINATION
      TO EXISTING SENIOR INTERESTS 

    

    This
      Lease and Tenant's rights under this Lease are subject and subordinate to any
      ground lease or underlying lease, first mortgage, or other first lien
      encumbrance or indenture affecting the Premises that is duly recorded in the
      Kent County Records as of the Commencement Date, together with any renewals,
      extensions, modifications, consolidations, and replacements of them (except
      to
      the extent that any such instrument expressly provides that this Lease is
      superior to it). This provision will be self-operative and no further instrument
      of subordination will be required in order to effect it. Nevertheless, Tenant
      will execute, acknowledge and deliver to Landlord, within twenty (20) days
      after
      written demand, which may be made by Landlord at any time and from time to
      time
      during the term of this Lease, such documents as may be reasonably requested
      by
      Landlord, and ground landlord or underlying lessor or any mortgagee, or any
      holder of a deed of trust or other instrument described in this paragraph,
      to
      confirm or effect any such subordination. 

    

    24.02 SUBORDINATION
      TO FUTURE ENCUMBRANCES 

    

    This
      Lease and Tenant's rights under this Lease shall be superior in all respects
      to
      any ground lease or underlying lease, first mortgage, or other first lien
      encumbrance or indenture affecting the Premises that is duly recorded in the
      Kent County Records at any time on or after the Commencement Date, together
      with
      any renewals, extensions, modifications, consolidations, and replacements of
      them; provided, however, that Tenant shall, within twenty (20) days after
      written request by Landlord, subordinate Tenant’s rights under this Lease to the
      interests of the holder of any such future encumbrance if and only if such
      holder has first delivered to Tenant a duly executed non-disturbance agreement
      in a form satisfactory to Tenant. 

    

    24.03 ATTORNMENT

    

    If
      any
      holder of any mortgage, indenture, deed of trust, or other similar instrument
      described in Sections 24.01 or 24.02 succeeds to Landlord's interest in the
      Premises, Tenant will pay to it all rents payable under this Lease from and
      after the date that is thirty (30) days’ after Tenant receives written notice of
      the name and address of the successor to Landlord’s interest in the Premises.
      Tenant shall be entitled to rely on the authenticity of any such written notice
      it receives and Tenant shall be under no duty of inquiry. Tenant will, upon
      request of anyone so succeeding to the interest of Landlord, automatically
      become the Tenant of, and attorn to, such successor in interest without change
      in this Lease, subject to the terms and conditions of any applicable
      non-disturbance agreement. Such successor in interest will not be bound by
      (i)
      any payment of rent for more than one month in advance (other than the
      prepayment of Tenant’s Share of Operating Costs for the six-month period ending
      December 31, 2006, as described above), or (ii) any amendment or modification
      of
      this Lease made without its consent at any time after Tenant’s receipt of the
      written notice referred to above, or (iii) any claim against Landlord arising
      prior to the date on which such successor succeeded to Landlord's interests,
      or
      (iv) any claim or offset of Rent against the Landlord (subject to Article 30).
      Within twenty (20) days after written request, by such successor in interest
      and
      without cost to Landlord or such successor 

    
      
        
        

      

      
        -26-

        
          

        

      

      
        
        

      

    

    in
      interest, Tenant will execute, acknowledge, and deliver such instrument or
      instruments as may be reasonably requested confirming the attornment provided
      that the instrument of attornment also provides that such successor in interest
      will not disturb Tenant in its use and enjoyment of the Premises in accordance
      with this Lease so long as Tenant is not in default under this Lease after
      the
      expiration of any cure period.

    

    24.04 NON-DISTURBANCE
      AGREEMENT

    

    Not
      more
      than thirty (30) days after the Commencement Date, Landlord shall furnish to
      Tenant a non-disturbance agreement, in a form satisfactory to Tenant, duly
      executed by the holder of each and every lease, mortgage, or other lien or
      encumbrance that is superior to the interest of the Tenant under this Lease
      as
      of the Commencement Date. If Landlord fails to provide Tenant with such executed
      non-disturbance agreement(s), Tenant shall notify Landlord in writing and Tenant
      shall have, as its sole remedy, the right to terminate this Lease by written
      notice to Landlord at any time before the Rent Commencement Date. 

    

    25.
      NOTICES

    

    All
      notices required or permitted to be given under this Lease shall be in writing
      and shall be deemed received two (2) business days after receipt or refusal
      (with a signed receipt or evidence of such refusal) of a notice delivered by
      United States Mail, postage prepaid and properly addressed, certified mail,
      return receipt requested, at the addresses shown in Section 1.01 (and, in the
      case of notices to Tenant, at the post office address of the Leased Premises)
      or
      such other address as either party may designate for itself from time to time
      by
      written notice to the other party. In addition, any notice may be given by
      hand
      delivery to the notice address of either party with a signed receipt (or
      evidence of refusal) obtained and such notice shall be deemed given upon the
      receipt of such signature or upon such refusal. Notice may also be given by
      overnight courier with a signed receipt (or evidence of refusal) obtained and
      such notice shall be deemed given upon the receipt of such signature or upon
      such refusal.

    

    26.
      MISCELLANEOUS

    

    26.01 ENTIRE
      AGREEMENT

    

    This
      Lease and the Exhibits attached hereto contain the entire agreement between
      Landlord and Tenant concerning the Premises and there are no other agreements,
      either oral or written. This Lease may not be altered, changed or amended except
      by instrument in writing signed by Landlord and Tenant.

    

    26.02 NO
      OPTION

    

    The
      execution of this Lease by Tenant and delivery of same to Landlord or Manager
      does not constitute a reservation of or option for the Premises or an agreement
      or offer to enter into a Lease; this Lease shall become effective only if and
      when Landlord executes and delivers same to Tenant. If Tenant is a corporation,
      it shall, if requested by Landlord, deliver to Landlord 

    
      
        
        

      

      
        -27-

        
          

        

      

      
        
        

      

    

    certified
      resolutions of Tenant's directors authorizing execution and delivery of this
      Lease and the performance by Tenant of its obligations hereunder. 

    

    26.03 ACCORD
      AND SATISFACTION

    

    No
      payment by Tenant or receipt by Landlord of a lesser amount than any installment
      or payment of Rent due shall be deemed to be other than on account of the amount
      due, and no endorsement or statement on any check or any letter accompanying
      any
      check or payment of Rent shall be deemed an accord and satisfaction, and
      Landlord may accept such check or payment without prejudice to Landlord's right
      to recover the balance of such installment or payment of Rent or pursue any
      other remedies available to Landlord. No receipt of money by Landlord from
      Tenant after the termination of this Lease or Tenant's right of possession
      of
      the Premises shall reinstate, continue or extend the Term.

    

    26.04 BINDING
      EFFECT

    

    This
      lease shall be binding upon and inure to the benefit of Landlord and Tenant
      and
      their respective heirs, legal representatives, successors and permitted
      assigns.

    

    26.05 FORCE
      MAJEURE

    

    Neither
      party hereto shall be deemed in default with respect to any of the terms,
      covenants and conditions of this Lease, if such party fails to timely perform
      same and such failure is due in whole or in part to any strike, lockout, labor
      trouble (whether legal or illegal), civil disorder, inability to procure
      materials, failure of power, restrictive governmental laws and regulations,
      riots, insurrections. war, fuel shortages, accidents, casualties, Acts of God,
      acts caused directly or indirectly by the other party (or such other party's
      agents, employees or invitees) or any other cause beyond the commercially
      reasonable control of the non-performing party; provided, however, except as
      may
      be specifically provided otherwise in this Lease, that nothing herein shall
      excuse Tenant's failure to pay Monthly Base Rent and/or Additional Rent or
      any
      other charges due to Landlord hereunder.

    

    26.06 CAPTIONS

    

    References
      in this Lease to a specific Article or Section shall be deemed to refer to
      the
      specified Article or Section of this Lease, unless otherwise specified or
      required by the context in which such reference appears. The Article and Section
      captions in this Lease are inserted only as a matter of convenience and in
      no
      way define, limit, construe, or describe the scope or intent or such Articles
      and Sections.

    

    26.07 APPLICABLE
      LAW

    

    This
      Lease shall be construed in accordance with the laws of the state of
      Michigan.

    

    
      
        
        

      

      
        -28-

        
          

        

      

      
        
        

      

    

    26.08 TIME

    

    Time
      is
      of the essence with respect to this Lease and the performance of all obligations
      hereunder.

    

    26.09 NO
      EXEMPLARY OR CONSEQUENTIAL DAMAGES

    

    Notwithstanding
      any other provision of this Lease to the contrary, in no event shall Tenant
      be
      liable for exemplary or consequential damages for breach of any provision of
      this Lease.

    

    26.10 RELATIONSHIPS

    

    The
      relationship between Landlord and Tenant is that of landlord and tenant and
      nothing herein shall be construed to give rise to any other relationship
      including, without limitation, a creditor and debtor relationship.

    

    26.11 INVALIDITY

    

    If
      any
      term(s), condition(s), covenant(s), clause(s) or provision(s) herein contained
      shall operate or would prospectively operate to invalidate this Lease in whole
      or in part, then only such term(s), condition(s), covenant(s), clause(s), and/or
      provision(s) shall be held for naught as though not herein contained, and the
      remainder of this Lease shall remain operative and in full force and
      effect.

    

    26.12
       TRANSFER
      OF LANDLORD'S INTEREST

    

    In
      the
      event of the sale, assignment or transfer by Landlord of its interest in the
      Building or in this Lease (other than a collateral assignment to secure a debt
      of Landlord) to a successor in interest who expressly assumes the obligations
      of
      Landlord hereunder, Landlord shall thereupon be released or discharged from
      all
      of its covenants and obligations hereunder, except such obligations as shall
      have accrued prior to any such sale, assignment or transfer; and Tenant agrees
      to look solely to such successor in interest of Landlord for performance of
      such
      obligations. Any securities given by Tenant to Landlord to secure performance
      by
      Tenant of its obligations hereunder may be assigned by Landlord to such
      successor in interest of Landlord; and, upon acknowledgment by such successor
      of
      receipt of such security and its express assumption of the obligation to account
      to Tenant for such security in accordance with the terms of the Lease, Landlord
      shall thereby be discharged of any further obligation relating thereto.
      Landlord's assignment of the Lease or of any or all of its rights herein shall
      in no manner affect Tenant's obligations hereunder. Landlord shall have the
      right to freely sell, assign or otherwise transfer its interest in the Building
      and/or this Lease.

    

    27.
      ENVIRONMENTAL

    

    Tenant
      shall indemnify Landlord against and hold Landlord harmless from all demands,
      claims, actions, causes of action, assessments, expenses, costs, damages, losses
      and liabilities, 

    
      
        
        

      

      
        -29-

        
          

        

      

      
        
        

      

    

    including
      actual attorney’s fees and costs, incurred by Landlord as a result of any
      environmental damage, pollution or contamination of the Complex caused by
      Tenant’s occupancy of the Premises or any actions taken by Tenant on or
      concerning the Premises.

    

    Landlord
      shall indemnify Tenant against and hold Tenant harmless from all demands,
      claims, actions, causes of action, assessments, expenses, costs, damages, losses
      and liabilities, including actual attorneys’ fees and costs, incurred by Tenant
      as a result of any environmental damage, pollution or contamination that was
      caused by Landlord or its predecessors in interest or by other
      tenants.

    

    28.
      RIGHT
      OF FIRST REFUSAL TO LEASE ANNEX

    

    So
      long
      as Tenant is not in default under this Lease beyond any applicable cure period,
      any time that Landlord receives an offer from a third party to lease all or
      any
      portion of the annex space located adjacent to the Premises on the second floor
      and shown on the attached Exhibit C (the "Annex"), Landlord shall so notify
      Tenant in writing. Tenant shall then have the right to add the applicable
      portion of the Annex to the Premises on the same terms and conditions as set
      forth in the offer from such third party. Tenant shall have a period of ten
      (10)
      days following receipt of Landlord’s notice within which it may notify Landlord
      in writing that Tenant elects to add the Annex space described in such offer
      to
      the Premises. If Tenant so notifies Landlord, Landlord and Tenant shall promptly
      enter into an amendment to the Lease adding the Annex space described in such
      offer and amending the rent and other provisions of this Lease accordingly.
      If
      Tenant does not so notify Landlord within the ten (10) day period, Tenant’s
      rights as to the applicable portion of the Annex shall cease and Landlord may
      lease the applicable portion of the Annex free of any rights of Tenant to such
      space. If Tenant elects to lease the applicable portion of the Annex, Landlord
      shall deliver the Annex space in question to Tenant in broom clean condition.
      Rent on the Annex shall be at the same rate as set forth in the offer from
      such
      third party and shall commence on the date Tenant occupies the space for the
      conduct of business. Notwithstanding the foregoing, Tenant shall not
      have the
      foregoing right of first refusal in the event that Van Wyk Corporation, or
      its
      assignee, is the party that makes an offer to Landlord to lease space in the
      Annex. In addition, Tenant acknowledges and agrees that to the extent that
      Tenant wishes to lease additional space located in the Annex, any such request
      to lease any portion of the Annex is subject to the right of first refusal
      that
      Van Wyk Corporation holds pursuant to its existing Sublease for certain space
      in
      the Building. The terms and conditions of such right of first refusal are
      attached to this Lease as Exhibit G. 

    

    29.
      RIGHT
      OF FIRST REFUSAL TO PURCHASE

    

    So
      long
      as Tenant is not in default under this Lease beyond any applicable cure period,
      at any time that Landlord receives an offer from a third party to purchase
      the
      Building at a price and on terms and conditions that are satisfactory to
      Landlord, Landlord shall so notify Tenant in writing. Tenant shall then have
      the
      right to elect to purchase the Building at the same price and on the same terms
      and conditions as in that offer. Tenant shall have a period of ten (10) days
      following receipt of Landlord's notice within which to notify Landlord in
      writing whether Tenant elects to purchase the Building at such price and on
      such
      terms. If Tenant so notifies Landlord, Landlord and Tenant shall promptly enter
      into a purchase agreement for the Building at the same 

    
      
        
        

      

      
        -30-

        
          

        

      

      
        
        

      

    

    price
      and
      on the same terms contained in such offer. If Tenant does not so notify Landlord
      within such ten (10) day period, Tenant's rights as to the purchase of the
      Building shall cease and Landlord may sell the Building free of any rights
      of
      Tenant. 

    

    30.
      TENANT ALLOWANCES

    

    Tenant
      acknowledges and agrees that Landlord is providing no Tenant allowance during
      the initial term of this Lease. To the extent that Tenant elects to renew the
      term of this Lease for one or both of the first two (2) renewal terms, Landlord
      shall pay to Tenant an allowance (the "Allowance") of Ten and 00/100 Dollars
      ($10.00) per square foot of usable area in the Premises for each of the first
      two (2) renewal terms. The "Usable Area" of the Premises is 9,458 square feet.
      Each Allowance shall only apply to the acquisition and installation of
      improvements or upgrades to the Premises in connection with the relevant renewal
      term and shall be payable by Landlord upon Tenant's delivery to Landlord of
      the
      relevant paid invoices detailing the foregoing costs and expenses. In addition,
      to the extent the Tenant elects to renew the term of this Lease for the third
      renewal term, Landlord shall provide the Tenant an Allowance of Five and 00/100
      Dollars ($5.00) per square foot of usable area in the Premises pursuant to
      the
      same terms and conditions set forth above. If Landlord fails to pay the
      Allowance to Tenant in accordance with this Article 30 within thirty (30) days
      after written notice of such default has been delivered to Landlord, Tenant
      shall be entitled to set off the unpaid balance of the Allowance against the
      Rent next falling due under this Lease together
      with interest on the unpaid balance of the Allowance at the annual rate of
      twelve percent (12%), simple interest, from the date such payment was due until
      paid in full. 

    

    31.
      RIGHT
      TO USE AND STORE OFFICE FURNITURE

    

    Landlord
      and Tenant acknowledge and agree that Tenant may use the existing office
      furniture currently located on the Premises and described on the attached
      Exhibit C (the "Office Furniture") so long as Tenant is not in default under
      this Lease beyond any applicable cure period. Landlord agrees that to the extent
      that the lowest level of the Annex is not being used by Landlord or occupied
      by
      any other tenants, Tenant may store certain of the Office Furniture in such
      lowest level of the Annex. Tenant agrees not to remove any of the Office
      Furniture from the Premises or the Annex and Tenant agrees that upon the
      expiration or termination of this Lease, Tenant shall return all of the Office
      Furniture to the Landlord in the same condition that existed as of the
      Commencement Date of this Lease, reasonable wear and tear excepted.

    

    32.
      LANDLORD'S RIGHT TO RECAPTURE A PORTION OF THE PREMISES 

    

    If
      Landlord leases the Annex to a party other than Tenant, Landlord shall, before
      allowing such other party to occupy the Annex for any reason, install (at no
      cost to Tenant) a demising wall and/or vestibule for purposes of separating
      the
      Annex from the Premises as shown on the drawing attached as Exhibit D (the
      "Annex Improvements"). In connection with the Annex Improvements, Landlord
      shall
      recapture and reduce the Premises by the approximate amount of square footage
      shown on the attached Exhibit D. Landlord and Tenant shall, promptly upon
      written request by the other, enter into an amendment to this Lease
      memorializing the resulting reduction of the square footage of the Premises.
      For
      purposes of determining Rent and 

    
      
        
        

      

      
        -31-

        
          

        

      

      
        
        

      

    

    Tenant's
      Share of Operating Costs under this Lease, the Premises shall be deemed to
      have
      been reduced by one hundred percent (100%) of the actual reduction in the square
      footage of the Premises. Notwithstanding the foregoing, Tenant acknowledges
      that
      there currently is no demising wall separating the Premises from the Annex,
      and
      that Landlord is under no obligation to construct the Annex Improvements (other
      than as provided above), and that, except as provided in Article 28 of this
      Lease, Tenant shall have no rights with respect to the Annex.

    

    33.
      AMENDMENT TO TENANT’S SHARE OF OPERATING COSTS 

    

    As
      of the
      Commencement Date of this Lease, the lower level of the Annex is not occupied
      and none of the area of the lower level of the Annex is included in the
      denominator of the fraction used in this Lease to calculate the Tenant’s Share
      of Operating Costs (i.e.,
      10,877/45,814). If at any time and from time to time during the term of this
      Lease any portion of the lower level of the Annex is leased by a tenant for
      purposes other than the storage described in Article 31, Tenant’s Share of
      Operating Costs shall be recalculated for the term of such lease by adding
      to
      the denominator of the fraction referred to in the preceding sentence the leased
      rentable area in the lower level of the Annex. Landlord and Tenant shall,
      promptly upon written request by the other, enter into such amendment to this
      Lease memorializing the resulting changes in Tenant’s Share of Operating Costs.

    

    IN
      WITNESS WHEREOF, this Lease has been executed as of the date set forth in 1.01E
      hereof.

    

    

    
      	 	
              LANDLORD:

            
	 	 	 
	 	
              FAIRPLAIN
                DEVELOPMENT CO., a Michigan limited partnership

            
	 	 	 
	 	
              By:

            	
              AMERMARK
                CORPORATION, 

            
	 	 	
              a
                Michigan corporation, General Partner

            
	 	 	 
	 	 	 
	 	
              By:

            	/s/
Christopher
              N. Eggert
	 	 	
              Christopher
                N. Eggert

            
	 	 	
              Title:
                Vice President

            
	 	 	 
	 	 	 
	 	
              TENANT:

            
	 	 	 
	 	
              PROFESSIONALS
                DIRECT INSURANCE SERVICES, INC. 

            
	 	 	 
	 	 	 
	 	
              By:

            	/s/
Stephen
              M. Tuuk
	 	 	
              Stephen
                M. Tuuk

            
	 	 	
              Title:
                President & Chief Executive
                Officer

            

    

    
 

     

    -
      32-

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