Document:

EX-4.1

    Exhibit
      4.1

    

    AMENDMENT
      NO. 2 TO RIGHTS AGREEMENT

    

    

    WHEREAS,
      as of January 23, 1998, Oak Hill Financial, Inc., an Ohio corporation (the
      “Company”), and The Fifth Third Bank, an Ohio banking association (“Fifth
      Third”), entered into a Rights Agreement (as amended, the “Rights Agreement”).

    

    WHEREAS,
      pursuant to a Substitution of Successor Rights Agent and Amendment No. 1 to
      Rights Agreement, between the Company and Registrar and Transfer Company
      (“RTC”), effective as of December 26, 2000, the Rights Agreement was amended to
      appoint RTC as successor Rights Agent under the Rights Agreement due to the
      resignation of The Fifth Third Bank as Rights Agent. 

    

    WHEREAS,
      the Company and RTC desire to further amend the Rights Agreement.

    

    NOW,
      THEREFORE, in consideration of the promises and the mutual agreements herein
      set
      forth, the parties hereby agree as follows:

    

    Section
      1. Amendment
      with respect to Articles of Incorporation.
      The
      Rights Agreement is hereby amended by deleting each instance of the words “Third
      Amended Articles of Incorporation” or “Third Amended and Restated Articles of
      Incorporation” and replacing them with the words “Fourth Amended and Restated
      Articles of Incorporation” in each instance. The Rights Agreement is hereby
      amended by deleting the entire Third Amended Articles and Restated Articles
      of
      Incorporation from Exhibit A and replacing them with the Company’s Fourth
      Amended and Restated Articles of Incorporation, which have been previously
      filed
      by the Company as Exhibit 3.1 to a Registration Statement on Form S-4 (File
      No.
      333-81645), which was filed by the Company on June 25, 1999, and is incorporated
      herein by reference. 

    

    Section
      2. Amendment
      to Section 1(k).
      Section
      1(k) of the Rights Agreement is hereby amended it in its entirety to read
“Reserved.”

    

    Section
      3. Amendment
      to Section 1(p).
      Section
      1(p) of the Rights Agreement is hereby amended by deleting the words “January
      23, 2008” and replacing them with “September 18, 2016.”

    

    Section
      4. Amendment
      to Section 1(bb) and Section 4.
      Section
      1(bb) and Section 4 of the Rights Agreement are hereby amended by deleting
      the
      words “Exhibit A” in each instance and replacing them with the words “Exhibit B”
in each instance.

    

    Section
      5. Amendment
      to Section 3(c).
      Section
      3(c) of the Rights Agreement is hereby amended by deleting the words “Exhibit B”
and replacing them with the words “Exhibit C.”

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Section
      6. Amendment
      to Section 3(d).
      Section
      3(d) of the Rights Agreement is hereby amended so that the legend contained
      therein is to read in its entirety as follows:

     

    This
      certificate also evidences and entitles the holder hereof to certain Rights
      as
      set forth in a Rights Agreement dated as of January 23, 1998, and as amended
      on
      December 26, 2000 and September 19, 2006, and as it may be further amended
      from
      time to time (the “Rights Agreement”), between Oak
      Hill Financial, Inc.
      (the
“Company”) and Registrar and Transfer Company, as successor Rights Agent, the
      terms of which are hereby incorporated herein by reference and a copy of which
      is on file at the principal executive offices of the Company. Under certain
      circumstances, as set forth in the Rights Agreement, such Rights will be
      evidenced by separate certificates and will no longer be evidenced by this
      certificate. The Company will mail to the holder of this certificate a copy
      of
      the Rights Agreement without charge after receipt of a written request therefor.
      Rights beneficially owned by Acquiring Persons or their Affiliates or Associates
      (as such terms are defined in the Rights Agreement) and by any subsequent holder
      of such Rights are null and void.

    

    Section
      7. Amendment
      to Section 11(e)(i).
      Section
      11(e)(1) of the Rights Agreement is hereby amended in its entirety to read
      as
      follows.

    

    Upon
      the
      occurrence of a Triggering Event, each holder of a Right, except as provided
      in
      Section 7(f) and below, shall thereafter have a right to receive, upon exercise
      thereof for the Purchase Price in accordance with the terms of this Rights
      Agreement, in lieu of the securities or other property otherwise purchasable
      upon such exercise, such number of Common Shares as shall equal the result
      obtained by multiplying the Purchase Price by a fraction, the numerator of
      which
      is the number of one one-hundredths of a Preferred Shares for which a Right
      is
      then exercisable and the denominator of which is 50% of the Market Value of
      the
      Common Shares on the date of the occurrence of such Triggering Event. The
      Company covenants and agrees to use its best efforts, if a Triggering Event
      has
      occurred, to: 

    

    (A) 
      prepare
      and file a registration statement under the Securities Act, on an appropriate
      form, with respect to the Common Shares purchasable upon exercise of the
      Rights;

    

    (B)
       cause
      such registration statement to become effective as soon as practicable after
      the
      occurrence of such Triggering Event; 

    

    (C) 
      cause
      such registration statement to remain effective (with a prospectus at all times
      meeting the requirements of the Securities Act) until the Expiration Date;
      and

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    (D)
       qualify
      or register the Common Shares purchasable upon exercise of the Rights under
      the
      blue sky or securities laws of such jurisdictions as may be necessary or
      appropriate as soon as practicable after the occurrence of such Triggering
      Event.

    

    The
      Company may temporarily suspend, for a period of time not to exceed 90 calendar
      days after the occurrence of a Triggering Event, the exercisability of the
      Rights in order to prepare and file such registration statement and permit
      it to
      become effective; provided, however, that no such suspension shall remain
      effective, and the Rights shall, without any further action by the Company,
      become exercisable, immediately upon the effectiveness of such registration
      statement. Upon any such suspension, the Company shall issue a public
      announcement stating that the exercisability of the Rights has been temporarily
      suspended and shall issue a further public announcement at such time as the
      suspension is no longer in effect. Notwithstanding any provision of this Rights
      Agreement to the contrary, the Rights shall not be exercisable in any
      jurisdiction if the requisite qualification under the blue sky or securities
      laws of such jurisdiction shall not have been obtained or the exercise of the
      Rights shall not be permitted under applicable law. 

    

    Section
      8. Amendment
      to Section 11(l).
      Section
      11(l) of the Rights Agreement is hereby amended by deleting the words “Preferred
      Shares” in each instance and replacing them with “Common Shares” in each
      instance.

    

    Section
      9. Amendment
      to Section 24(a).
      Section
      24(a) of the Rights Agreement is hereby amended in its entirety to read as
      follows:

    

    (i) The
      Board
      of Directors of the Company may, at its option, at any time prior to the earlier
      of (A) the occurrence of a Triggering Event and (B) the Expiration Date, order
      the redemption of all, but not fewer than all, the then outstanding Rights
      at a
      Redemption Price of $.01 per Right, which amount shall be appropriately adjusted
      to reflect any dividend or distribution of Common Shares, and any subdivision,
      split or combination of outstanding Common Shares, after the date of this Rights
      Agreement which results in a change in the number of outstanding Rights (the
      date of such redemption and such redemption price being hereinafter referred
      to
      as the “Redemption Date” and the “Redemption Price,” respectively), and the
      Company, at its option, may pay the Redemption Price either in cash or Common
      Shares or other shares of capital stock or securities of the Company deemed
      by
      its Board of Directors, in the exercise of its sole discretion, to be at least
      equivalent in value to the Redemption Price.

    

    (ii) The
      Board
      of Directors of the Company may, at its option, also order the redemption of
      all, but not fewer than all, the then outstanding Rights at the Redemption
      Price
      following the occurrence of a Triggering Event but prior to the occurrence
      of a
      Business Combination in connection with a Business Combination in which all
      holders of Common Shares are treated alike and not

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    involving
      (other than as a holder of Common Shares being treated like all other such
      holders) an Acquiring Person or an Affiliate or Associate of an Acquiring Person
      or any other Person in which such Acquiring Person, Affiliate or Associate
      has
      any interest, or any other person acting directly or indirectly on behalf of,
      or
      in association with, any such Acquiring Person, Affiliate or
      Associate.

    

    Section
      10. Amendment
      to Section 28.
      Section
      28 of the Rights Agreement is hereby amended in its entirety to read as
      follows:

     

    At
      any
      time prior to the Distribution Date, the Board of Directors of the Company
      may
      supplement or amend any provision of this Rights Agreement (including, without
      limitation, the date on which the Distribution Date shall occur, the time during
      which the Rights may be redeemed pursuant to Section 24, any provision of the
      Certificate of Designation or the Purchase Price) without the approval of any
      holder of the Rights or the Rights Agent. From and after the Distribution Date
      and subject to applicable law, the Company may amend this Rights Agreement
      without the approval of any holders of Right Certificates or the Rights Agent
      (i) to cure any ambiguity or to correct or supplement any provision contained
      herein which may be defective or inconsistent with any other provision of this
      Rights Agreement or (ii) to make any other provisions in regard to matters
      or
      questions arising hereunder which the Company may deem necessary or desirable
      and which shall not adversely affect the interests of the holders of Right
      Certificates (other than an Acquiring Person or an Affiliate or Associate of
      an
      Acquiring Person).

    

    Section
      11.  Amendment
      to Exhibit B (Form of Rights Certificate).
      Exhibit
      B is hereby amended by deleting the words “January 23, 2008” in each instance
      and replacing them with September 18, 2016” in each instance. In addition, the
      first two paragraphs on the first page of Exhibit B (immediately following
      the
      heading “OAK HILL FINANCIAL, INC.” are hereby amended in their entirety to read
      as follows:

    

    This
      certifies that _________________, or _________________ registered assigns,
      is
      the registered owner of the number of Rights set forth above, each of which
      entitles the owner thereof, subject to the terms, provisions and conditions
      of
      the Rights Agreement dated as of January 23, 1998, as amended from time to
      time,
      (the “Rights Agreement”), between OAK HILL FINANCIAL, Inc., a corporation (the
“Company”), and REGISTRAR AND TRANSFER COMPANY, a corporation, as successor
      Rights Agent (the “Rights Agent”), unless the Rights evidenced hereby shall have
      been previously redeemed by the Company, to purchase from the Company at any
      time after the Distribution Date (as defined in the Rights Agreement) and prior
      to 5:00 p.m., Jackson, Ohio time, on September 18, 2016, (the “Expiration
      Date”), at the principal office of the Rights Agent in Cranford, New Jersey, one
      one-hundredth (1/100th) of a fully paid, nonassessable share of Series A Junior
      Participating Preferred Stock of the Company (the “Preferred Shares”), at a
      purchase price of $________ per one one-hundredth (1/100th) of a share (the
      “Purchase Price”) payable in cash, upon

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    presentation
      and surrender of this Right Certificate with the Form of Election to Purchase
      duly executed.

     

    The
      Purchase Price and the number and kind of shares, securities or property which
      may be purchased upon exercise of each Right evidenced by this Right
      Certificate, as set forth above, are the Purchase Price and the number and
      kind
      of shares which may be so purchased as of ______________ __, 20__. As provided
      in the Rights Agreement, the Purchase Price and the number and kind of shares,
      securities or property which may be purchased upon the exercise of each Right
      evidenced by this Right Certificate are subject to modification and adjustment
      upon the happening of certain events.

    

    

    IN
      WITNESS WHEREOF, RTC and the Company have executed this Amendment No. 2 to
      Rights Agreement as of the 19th day of September, 2006.

    

    
      	 	
              REGISTRAR
                AND TRANSFER COMPANY

            
	 	 	 
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                William P. Tatler

            
	 	 	
              William
                P. Tatler, Vice President

            
	 	 	 
	 	 	 
	 	
              OAK
                HILL FINANCIAL, INC.

            
	 	 	 
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Ron J. Copher

            
	 	 	
              Ron
                J. Copher, Secretary

            
	 	 	 

    

    

    

    
      
5PROMISSORY NOTE

	Principal

$2,000,000.00	Loan Date

06-30-2005	Maturity

06-30-2010	Loan No

05345	Call/Coll

A5A0/3B	Account

3105005143	Officer

191	Initials

     
	References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.

Any item above containing "***" has been omitted due to text length limitations.

	Borrower:	MainStreet Financial Corporation
629 W. State Street
Hastings, MI 49058		Lender:	Independent Bank South Michigan
2390 Woodlake Dr. #300
Okemos, MI 48864
(517)347-6076

	Principal Amount:  $2,000,000.00	Initial Rate:  6.490%	Date of Note: June 30, 2005

PROMISE TO PAY. MainStreet Financial Corporation ("Borrower") promises to pay to Independent Bank South Michigan ("Lender"), or order. in lawful money of the United States of America, the principal amount of Two Million &00/100 Dollars ($2,000,000.00) or so much as may be outstanding, together with Interest on the unpaid outstanding principal balance of each advance.  Interest shall be calculated from the date of each advance until repayment of each advance. The Interest rate will not Increase above 24.000%.

PAYMENT. Borrower will pay this loan in one payment of all outstanding principal plus all accrued unpaid interest on June 30, 2010. In addition, Borrower will pay regular quarterly payments of all accrued unpaid interest due as of each payment date, beginning September 30, 2005, with all subsequent interest payments to be due on the last day of each quarter after that Unless otherwise agreed or required by applicable law, payments will be applied first to any accrued unpaid interest; then to principal; then to any unpaid collection costs; and then to any late charges. The annual interest rate for this Note is computed on a 365/360 basis; that is by applying the ratio of the annual interest rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the actual number of days the principal balance is outstanding. Borrower will pay Lender at Lenders address shown above or at such other place as Lender may designate in writing.

VARIABLE INTEREST RATE. The interest rate on this Note is subject to change from time to time based on changes in an independent index which is the three-month LIBOR rate as published in the Walt Street Journal (the "Index"). The Index is not necessarily the lowest rate charged by Lender on its loans. If the Index becomes unavailable during the term of this loan, Lender may designate a substitute index after notice to Borrower. Lender will tell Borrower the current Index rate upon Borrower's request. The interest rate change will not occur more often than each month. Borrower understands that Lender may make loans based on other rates as well. The Index currently is 3.490% per annum. The interest rate to be applied to the unpaid principal balance of this Note will be at a rata of 3.000 percentage points over the Index, resulting in an initial rate of
6.490% per annum. Notwithstanding the foregoing, the variable interest rate or rates provided for in this Note will be subject to the following maximum rate. NOTICE: Under no circumstances will the interest rate on this Note be more than (except for any higher default rate shown below) the lesser of 24.000% per annum or the maximum rate allowed by applicable law.

PREPAYMENT FEE.Upon prepayment of this Note, Lender is entitled to the following prepayment fee: 3% in months 1-12, 2% in months 13-24, and 1% in months 25-36. Except for the foregoing, Borrower may pay all or a portion of the amount owed earlier than it is due. Early payments will not, unless agreed to by Lender in writing, relieve Borrower of Borrower's obligation to continue to make payments of accrued unpaid interest. Rather, early payments will reduce the principal balance due. Borrower agrees not to send Lender payments marked "paid in full", "without recourse", or similar language.  If Borrower sends such a payment, Lender may accept it without losing any of Lender's rights under this Note, and Borrower will remain obligated to pay any further amount owed to Lender. All written communications concerning disputed amounts, including any check or other payment instrument that indicates that the payment constitutes "payment in full" of the amount owed or that is tendered
with other conditions or limitations or as full satisfaction of a disputed amount must be mailed or delivered to: Independent Bank South Michigan, 2390 Woodlake Dr. #300, Okemos, Ml 48864.

LATE CHARGE. If a payment is 15 days or more late, Borrower will be charged 5.000% of the regularly scheduled payment or $15.00, whichever is greater.

INTEREST AFTER DEFAULT. Upon default, including failure to pay upon final maturity, Lender, at its option, may, if permitted under applicable law, increase the variable interest rate on this Note to 24.000% per annum. The interest rate will not exceed the maximum rate permitted by applicable law.

DEFAULT. Each of the following shall constitute an event of default ("Event of Default") under this Note:

Payment Default. Borrower fails to make any payment when due under this Note.

Other Defaults. Borrower falls to comply with or to perform any other term, obligation, covenant or condition contained in
this Note or in any of the related documents or to comply with or to perform any term, obligation, covenant or condition
contained in any other agreement between Lender and Borrower.

False Statements. Any warranty, representation or statement made or furnished to Lender by Borrower or on Borrower's behalf
under this Note or the related documents is false or misleading in any material respect, either now or at the time made or
furnished or becomes false or misleading at any time thereafter.

Insolvency. The dissolution or termination of Borrower's existence as a going business, the insolvency of Borrower, the
appointment of a receiver for any part of Borrower's property, any assignment for the benefit of creditors, any type of creditor
workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding,
self-help, repossession or any other method, by any creditor of Borrower or by any governmental agency against any collateral
securing the loan. This includes a garnishment of any of Borrower's accounts, including deposit accounts, with Lender.
However, this Event of Default shall not apply if there is a good faith dispute by Borrower as to the validity or reasonableness
of the claim which is the basis of the creditor or forfeiture proceeding and if Borrower gives Lender written notice of the
creditor or forfeiture proceeding and deposits with Lender monies or a surety bond for the creditor or forfeiture proceeding, in
an amount determined by Lender, in its sole discretion, as being an adequate reserve or bond for the dispute.

Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor, endorser, surety, or
accommodation party of any of the indebtedness or any guarantor, endorser, surety, or accommodation party dies or becomes
incompetent, or revokes or disputes the validity of, or liability under, any guaranty of the indebtedness evidenced by this Note.

Change In Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.

Adverse Change. A material adverse change occurs in Borrower's financial condition, or Lender believes the prospect of
payment or performance of this Note is impaired.

Insecurity. Lender in good faith believes itself insecure.

LENDER'S RIGHTS. Upon default, Lender may declare the entire unpaid principal balance on this Note and all accrued unpaid interest immediately due, and then Borrower will pay that amount.

ATTORNEYS' FEES; EXPENSES. Lender may hire or pay someone else to help collect this Note if Borrower does not pay.
Borrower will pay Lender that amount. This includes, subject to any limits under applicable law, Lender's reasonable attorneys'
fees and Lender's legal expenses whether or not there is a lawsuit, including reasonable attorneys' fees and expenses for
bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), and appeals. If not prohibited
by applicable law, Borrower also will pay any court costs, in addition to all other sums provided by law.

JURY WAIVER. Lender and Borrower hereby waive the right to any jury trial in any action, proceeding, or
counterclaim brought by either Lender or Borrower against the other.

GOVERNING LAW. This Note will be governed by, construed and enforced in accordance with federal law and the laws
of the State of Michigan. This Note has been accepted by Lender in the State of Michigan.

RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a right of setoff in all Borrower's accounts
with Lender (whether checking, savings, or some other account). This includes all accounts Borrower holds jointly with
someone also and all accounts Borrower may open in the future. However, this does not include any IRA or Keogh accounts, or
any trust accounts for which setoff would be prohibited by law. Borrower authorizes Lender, to the extent permitted by
applicable law, to charge or setoff all sums owing on the indebtedness against any and all such accounts, and, at Lender's
option, to administratively freeze all such accounts to allow Lender to protect Lender's charge and setoff rights provided in this
paragraph.

NEXT PAGE

	Loan No: 05345	PROMISSORY NOTE

(Continued)	Page 2

COLLATERAL. Borrower acknowledges this Note is secured by a Pledge Agreement and Irrevocable Proxy (All MainStreet Savings Bank, FSB
stock Certificate #1), Irrevocable Stock Power an Assignment of Deposit Account #2909042 with Independent Bank South Michigan all of even
date.

LINE OF CREDIT. This Note evidences a straight line of credit. Once the total amount of principal has been advanced, Borrower is not
entitled to further loan advances. Advances under this Note, as well as directions for payment from Borrower's accounts, may be requested
orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing.
Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any
of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this
Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if:
(A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender,
including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is
insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other
loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E)
Lender in good faith believes itself insecure.

INTEREST RESERVE. It is hereby further understood and agreed to between Borrower and Lender that Borrower will set up and maintain
an interest reserve equal to 12 months of interest at all times. The reserve will be maintained at Independent Bank South Michigan in a Liquid
Asset deposit. The deposit has a rate of 3M T-bill - 25 basis points with a weakly reset with the current rate equal to 2.58%. 

CONDITIONS FOR ADVANCES. Draws will be limited to two draws, at which time this shall be considered a term Note.

ADDENDUM TO NEGATIVE COVENANTS. Borrower and Lender agree that Borrower may pay dividends on Borrower's stock without
the prior written consent of Lender provided borrower is not in default under the terms of the Business Loan Agreement or Promissory Note.

SUCCESSOR INTERESTS. The terms of this Note shall be binding upon Borrower, and upon Borrower's heirs, personal representatives,
successors and assigns, and shall inure to the benefit of Lender and its successors and assigns.

NOTIFY US OF INACCURATE INFORMATION WE REPORT TO CONSUMER REPORTING AGENCIES. Please notify us if we
report any inaccurate information about your account(s) to a consumer reporting agency. Your written notice describing the specific inaccuracy(ies)
should be sent to us at the following address: Independent Bank South Michigan 144 S. Main St. Leslie, MI 49251.

GENERAL PROVISIONS. Lender may delay or forgo enforcing any of its rights or remedies under this Note without losing them. Borrower
and any other person who signs, guarantees or endorses this Note, to the extent allowed by law, waive presentment, demand for payment, and
notice of dishonor. Upon any change in the terms of this Note, and unless otherwise expressly stated in writing, no party who signs this Note,
whether as maker, guarantor, accommodation maker or endorser, shall be released from liability. All such parties agree that Lender may renew
or extend (repeatedly and for any length of time) this loan or release any party or guarantor or collateral; or impair, fail to realize upon or perfect
Lender's security interest in the collateral; and take any other action deemed necessary by Lender without the consent of or notice to anyone.
All such parties also agree that Lender may modify this loan without the consent of or notice to anyone other than the party with whom the
modification is made. The obligations under this Note are joint and several.

PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE,
INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO THE TERMS OF THE NOTE.

BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE.

BORROWER:

		

NEXT PAGE

ASSIGNMENT OF DEPOSIT ACCOUNT

	Principal

$2,000,000.00	Loan Date

06-30-2005	Maturity

06-30-2010	Loan No

05345	Call/Coll

A5A0/3B	Account

3105005143	Officer

191	Initials

     
	References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.

Any item above containing "***" has been omitted due to text length limitations.

	Grantor:	MainStreet Financial Corporation
629 W. State Street
Hastings, MI 49058		Lender:	Independent Bank South Michigan
2390 Woodlake Dr. #300
Okemos, MI 48864
(517)347-6076

THIS ASSIGNMENT OF DEPOSIT ACCOUNT dated June 30, 2005. is made and executed between MainStreet Financial Corporation ("Grantor") and Independent Bank South Michigan ("Lender").

ASSIGNMENT. For valuable consideration, Grantor assigns and grants to Lender a security interest in the Collateral, including without limitation the deposit accounts described below, to secure the Indebtedness and agrees that Lender shall have the rights stated in this Agreement with respect to the Collateral, in addition to all other rights which Lender may have by law.

COLLATERAL DESCRIPTION. The word "Collateral' means the following described deposit account ("Account"):

Savings Account Number 2909042 with Lender with an approximate balance of $64,800.00

together with (A) all interest, whether now accrued or hereafter accruing; (B) all additional deposits hereafter made to the Account; (C)
any and all proceeds from the Account; and (D) all renewals, replacements and substitutions for any of the foregoing.

RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a right of setoff in all Grantor's accounts with Lender
(whether checking, savings, or some other account). This includes all accounts Grantor holds jointly with someone else and all accounts
Grantor may open in the future. However, this does not include any IRA or Keogh accounts, or any trust accounts for which setoff would
be prohibited by law. Grantor authorizes Lender, to the extent permitted by applicable law, to charge or setoff all sums owing on the
Indebtedness against any and all such accounts, and, at Lender's option, to administratively freeze all such accounts to allow Lender to
protect Lender's charge and setoff rights provided in this paragraph.

GRANTOR'S REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COLLATERAL. With respect to the Collateral,
Grantor represents and promises to Lender that:

Ownership. Grantor is the lawful owner of the Collateral free and clear of all loans, liens, encumbrances, and claims except as
disclosed to and accepted by Lender in writing.

Right to Grant Security Interest. Grantor has the full right, power, and authority to enter into this Agreement and to assign the
Collateral to Lender.

No Prior Assignment. Grantor has not previously granted a security interest in the Collateral to any other creditor.

No Further Transfer. Grantor shall not sell, assign, encumber, or otherwise dispose of any of Grantor's rights in the Collateral
except as provided in this Agreement.

No Defaults. There are no defaults relating to the Collateral, and there are no offsets or counterclaims to the same. Grantor will strictly
and promptly do everything required of Grantor under the terms, conditions, promises, and agreements contained in or relating to the
Collateral.

Proceeds. Any and all replacement or renewal certificates, instruments, or other benefits or proceeds related to the Collateral that are
received by Grantor shall be held by Grantor in trust for Lender and immediately shall be delivered by Grantor to Lender to be held as
part of the Collateral.

Validity; Binding Effect. This Agreement is binding upon Grantor and Grantor's successors and assigns and is legally enforceable
in accordance with its terms.

Financing Statements. Grantor authorizes Lender to file a UCC-1 financing statement, or alternatively, a copy of this Agreement to
perfect Lender's security interest. At Lender's request, Grantor additionally agrees to sign all other documents that are necessary to
perfect, protect, and continue Lender's security interest in the Property. Grantor will pay all filing fees, title transfer fees, and other
fees and costs involved unless prohibited by law or unless Lender is required by law to pay such fees and costs. Grantor irrevocably
appoints Lender to execute financing statements and documents of title in Grantor's name and to execute all documents necessary to
transfer title if there is a default. Lender may file a copy of this Agreement as a financing statement. If Grantor changes Grantor's
name or address, or the name or address of any person granting a security interest under this Agreement changes, Grantor will
promptly notify the Lender of such change.

LENDER'S RIGHTS AND OBLIGATIONS WITH RESPECT TO THE COLLATERAL. While this Agreement is in effect, Lender
may retain the rights to possession of the Collateral, together with any and all evidence of the Collateral, such as certificates or passbooks.
This Agreement will remain in effect until (a) there no longer is any Indebtedness owing to Lender; (b) all other obligations secured by this
Agreement have been fulfilled; and (c) Grantor, in writing, has requested from Lender a release of this Agreement.

LENDER'S EXPENDITURES. If any action or proceeding is commenced that would materially affect Lender's interest in the
Collateral or if Grantor fails to comply with any provision of this Agreement or any Related Documents, including but not limited to
Grantor's failure to discharge or pay when due any amounts Grantor is required to discharge or pay under this Agreement or any Related
Documents, Lender on Grantor's behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but
not limited to discharging or paying all taxes, liens, security interests, encumbrances end other claims, at any time levied or placed on
the Collateral and paying all costs for insuring, maintaining and preserving the Collateral. All such expenditures incurred or paid by
Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date
of repayment by Grantor. All such expenses will become a part of the Indebtedness and, at Lender's option, will (A) be payable on
demand; (B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due
during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note; or (C) be treated as a balloon
payment which will be due and payable at the Note's maturity. The Agreement also will secure payment of these amounts. Such right
shall be in addition to all other rights and remedies to which Lender may be entitled upon Default.

LIMITATIONS ON OBLIGATIONS OF LENDER. Lender shall use ordinary reasonable care in the physical preservation and
custody of any certificate or passbook for the Collateral but shall have no other obligation to protect the Collateral or its value. In
particular, but without limitation, Lender shall have no responsibility (A) for the collection or protection of any income on the Collateral;
(B) for the preservation of rights against issuers of the Collateral or against third persons; (C) for ascertaining any maturities,
conversions, exchanges, offers, tenders, or similar matters relating to the Collateral; nor (D) for informing the Grantor about any of the
above, whether or not Lender has or is deemed to have knowledge of such matters.

DEFAULT. Each of the following shall constitute an Event of Default under this Agreement:

Payment Default. Grantor fails to make any payment when due under the Indebtedness.

Other Defaults. Grantor fails to comply with or to perform any other term, obligation, covenant or condition contained in this
Agreement or in any of the Related Documents or to comply with or to perform any term, obligation, covenant or condition contained
in any other agreement between Lender and Grantor.

False Statements. Any warranty, representation or statement made or furnished to Lender by Grantor or on Grantor's behalf under this
Agreement or the Related Documents is false or misleading in any material respect, either now or at the time made or furnished or
becomes false or misleading at any time thereafter.

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including
failure of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

Insolvency. The dissolution or termination of Grantor's existence as a going business, the insolvency of Grantor, the appointment of a
receiver for any part of Grantor's property, any assignment for the benefit of creditors, any type of creditor workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Grantor.

NEXT PAGE

	Loan No: 05345	ASSIGNMENT OF DEPOSIT ACCOUNT

(Continued)	Page 2

Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method, by anycreditor of Grantor or by any governmental agency against any collateral securing the Indebtedness. This includes a garnishment of any of Grantor's accounts, including deposit accounts, with Lender. However, this Event
of Default shall not apply if there is a good faith dispute by Grantor as to the validity or reasonableness of the claim which is the basis of the creditor or forfeiture proceeding and if Grantor gives Lender written notice of the creditor or forfeiture proceeding and deposits with Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, In its sole discretion, as being an adequate reserve or bond for the dispute.

Events Affecting Guarantor. Any of the preceding events occurs with respect to guarantor, endorser, surety, or accommodation party
of any of the Indebtedness or guarantor, endorser, surety, or accommodation party dies or becomes incompetent or revokes or disputes
the validity of, or liability under, any Guaranty of the Indebtedness.

Adverse Change. A material adverse change occurs in Grantor's financial condition, or Lender believes the prospect of payment or
performance of the Indebtedness is impaired.

Insecurity. Lender in good faith believes itself insecure.

RIGHTS AND REMEDIES ON DEFAULT. Upon the occurrence of an Event of Default, or at any time thereafter, Lender may exercise any one or more of the following rights and remedies, in addition to any rights or remedies that may be available at law, in equity, or otherwise:

Accelerate Indebtedness. Lender may declare all Indebtedness of Grantor to Lender immediately due and payable, without notice of
any kind to Grantor.

Application of Account Proceeds. Lender may take directly all funds in the Account and apply them to the Indebtedness. If the
Account is subject to an early withdrawal penalty, that penalty shall be deducted from the Account before its application to the
Indebtedness, whether the Account is with Lender or some other institution. Any excess funds remaining after application of the
Account proceeds to the Indebtedness will be paid to Grantor as the interests of Grantor may appear. Grantor agrees, to the extent
permitted by law, to pay any deficiency after application of the proceeds of the Account to the Indebtedness. Lender also shall have
all the rights of a secured party under the Michigan Uniform Commercial Code, even if the Account is not otherwise subject to such
Code concerning security interests, and the parties to this Agreement agree that the provisions of the Code giving rights to a secured
party shall nonetheless be a part of this Agreement.

Transfer Title. Lender may effect transfer of title upon sale of all or part of the Collateral. For this purpose, Grantor irrevocably
appoints Lender as Grantor's attorney-in-fact to execute endorsements, assignments and instruments in the name of Grantor and each
of them (if more than one) as shall be necessary or reasonable.

Other Rights and Remedies. Lender shall have and may exercise any or all of the rights and remedies of a secured creditor under
the provisions of the Michigan Uniform Commercial Code, at law, in equity, or otherwise.

Deficiency Judgment. If permitted by applicable law, Lender may obtain a judgment for any deficiency remaining in the
Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this section.

Election of Remedies. Except as may be prohibited by applicable law, all of Lender's rights and remedies, whether evidenced by this
Agreement or by any other writing, shall be cumulative and may be exercised singularly or concurrently. Election by Lender to
pursue any remedy shall not exclude pursuit of any other remedy, and an election to make expenditures or to take action to perform
an obligation of Grantor under this Agreement, after Grantor's failure to perform, shall not affect Lender's right to declare a default
and exercise its remedies.

Cumulative Remedies. All of Lender's rights and remedies, whether evidenced by this Agreement or by any other writing, shall be
cumulative and may be exercised singularly or concurrently. Election by Lender to pursue any remedy shall not exclude pursuit of
any other remedy, and an election to make expenditures or to take action to perform an obligation of Grantor under this Agreement, after Grantor's failure to perform, shall not affect Lender's right to declare a default and to exercise its remedies.

MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Agreement:

Amendments. This Agreement, together with any Related Documents, constitutes the entire understanding and agreement of the
parties as to the matters set forth in this Agreement. No alteration of or amendment to this Agreement shall be effective unless given
in writing and signed by the party or parties sought to be charged or bound by the alteration or amendment.

Attorneys' Fees; Expenses. Grantor agrees to pay upon demand all of Lender's costs and expenses, including Lender's reasonable
attorneys' fees and Lender's legal expenses, incurred in connection with the enforcement of this Agreement. Lender may hire or pay
someone else to help enforce this Agreement, and Grantor shall pay the costs and expenses of such enforcement. Costs and expenses
include Lender's reasonable attorneys' fees and legal expenses whether or not there is a lawsuit, including reasonable attorneys' fees
and legal expenses for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), appeals, and
any anticipated post-judgment collection services. Grantor also shall pay all court costs and such additional fees as may be directed by
the court.

Caption Headings. Caption headings in this Agreement are for convenience purposes only and are not to be used to interpret or
define the provisions of this Agreement.

Governing Law. This Agreement will be governed by, construed and enforced in accordance with federal law and the laws of
the State of Michigan. This Agreement has been accepted by Lender in the State of Michigan.

No Waiver by Lender. Lender shall not be deemed to have waived any rights under this Agreement unless such waiver is given in
writing and signed by Lender. No delay or omission on the part of Lender in exercising any right shall operate as a waiver of such
right or any other right. A waiver by Lender of a provision of this Agreement shall not prejudice or constitute a waiver of Lender's
right otherwise to demand strict compliance with that provision or any other provision of this Agreement. No prior waiver by Lender,
nor any course of dealing between Lender and Grantor, shall constitute a waiver of any of Lender's rights or of any of Grantor's
obligations as to any future transactions. Whenever the consent of Lender is required under this Agreement, the granting of such
consent by Lender in any instance shall not constitute continuing consent to subsequent instances where such consent is required and
in all cases such consent may be granted or withheld in the sole discretion of Lender.

Notices. Any notice required to be given under this Agreement shall be given in writing, and shall be effective when actually
delivered, when actually received by telefacsimile (unless otherwise required by law), when deposited with a nationally recognized
overnight courier, or, if mailed, when deposited in the United States mail, as first class, certified or registered mail postage prepaid,
directed to the addresses shown near the beginning of this Agreement. Any party may change its address for notices under this
Agreement by giving formal written notice to the other parties, specifying that the purpose of the notice is to change the party's
address. For notice purposes, Grantor agrees to keep Lender informed at all times of Grantor's current address. Unless otherwise
provided or required by law, if there is more than one Grantor, any notice given by Lender to any Grantor is deemed to be notice
given to all Grantors.

Power of Attorney. Grantor hereby appoints Lender as its true and lawful attorney-in-fact, irrevocably, with full power of
substitution to do the following: (1) to demand, collect, receive, receipt for, sue and recover all sums of money or other property
which may now or hereafter become due, owing or payable from the Collateral; (2) to execute, sign and endorse any and all claims,
instruments, receipts, checks, drafts or warrants issued in payment for the Collateral; (3) to settle or compromise any and all claims
arising under the Collateral, and in the place and stead of Grantor, to execute and deliver its release and settlement for the claim; and
(4) to file any claim or claims or to take any action or institute or take part in any proceedings, either in its own name or in the name
of Grantor, or otherwise, which in the discretion of Lender may seem to be necessary or advisable. This power is given as security for
the Indebtedness, and the authority hereby conferred is and shall be irrevocable and shall remain in full force and effect until
renounced by Lender.

Severability. If a court of competent jurisdiction finds any provision of this Agreement to be illegal, invalid, or unenforceable as to
any circumstance, that finding shall not make the offending provision illegal, invalid, or unenforceable as to any other circumstance.
If feasible, the offending provision shall be considered modified so that it becomes legal, valid and enforceable. If the offending
provision cannot be so modified, it shall be considered deleted from this Agreement. Unless otherwise required by law, the illegality,
invalidity, or unenforceability of any provision of this Agreement shall not affect the legality, validity or enforceability of any other
provision of this Agreement.

Successors and Assigns. Subject to any limitations stated in this Agreement on transfer of Grantor's Interest, this Agreement shall be
binding upon and inure to the benefit of the parties, their successors and assigns. If ownership of the Collateral becomes vested in a
person other than Grantor, Lender, without notice to Grantor, may deal with Grantor's successors with reference to this Agreement
and the Indebtedness by way of forbearance or extension without releasing Grantor from the obligations of this Agreement or liability
under the Indebtedness.

Survival of Representations and Warranties. All representations, warranties, and agreements made by Grantor in this Agreement
shaft survive the execution and delivery of this Agreement, shall be continuing in nature, and shall remain in full force and effect until
such time

NEXT PAGE

	Loan No: 05345	ASSIGNMENT OF DEPOSIT ACCOUNT

(Continued)	Page 3

as Grantor's Indebtedness shall be paid in full.

Time is of the Essence. Time is of the essence in the performance of this Agreement.

Waive Jury. All parties to this Agreement hereby waive the right to any jury trial in any action, proceeding, or counterclaim brought
by any party against any other party.

DEFINITIONS. The following capitalized words and terms shall have the following meanings when used in this Agreement. Unless
specifically stated to the contrary, all references to dollar amounts shall mean amounts in lawful money of the United States of America. Words
and terms used in the singular shall include the plural, and the plural shall include the singular, as the context may require. Words and terms not
otherwise defined in this Agreement shall have the meanings attributed to such terms in the Uniform Commercial Code:

Account. The word "Account" means the deposit account described in the "Collateral Description" section.

Agreement. The word "Agreement" means this Assignment of Deposit Account, as this Assignment of Deposit Account may be amended
or modified from time to time, together with all exhibits and schedules attached to this Assignment of Deposit Account from time to time.

Borrower. The word "Borrower" means MainStreet Financial Corporation and includes all co-signers and co-makers signing the Note.

Collateral. The word "Collateral" means all of Grantor's right, title and interest in and to all the Collateral as described in the Collateral
Description section of this Agreement.

Default. The word "Default" means the Default set forth in this Agreement in the section titled "Default".

Event of Default. The words "Event of Default" mean any of the events of default set forth in this Agreement in the default section of this
Agreement.

Grantor. The word "Grantor" means MainStreet Financial Corporation.

Guaranty. The word "Guaranty" means the guaranty from guarantor, endorser, surety, or accommodation party to Lender, including
without limitation a guaranty of all or part of the Note.

Indebtedness. The word "Indebtedness" means the indebtedness evidenced by the Note or Related Documents, including all principal and
interest together with all other indebtedness and costs and expenses for which Grantor is responsible under this Agreement or under any of
the Related Documents.

Lender. The word "Lender" means Independent Bank South Michigan, its successors and assigns.

Note. The word "Note" means the Note executed by MainStreet Financial Corporation in the principal amount of $2,000,000.00 dated
June 30, 2005, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and substitutions for the
note or credit agreement.

Property. The word "Property" means all of Grantor's right, title and interest in and to all the Property as described in the "Collateral
Description" section of this Agreement.

Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreements, environmental
agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other instruments,
agreements and documents, whether now or hereafter existing, executed in connection with the Indebtedness.

GRANTOR HAS READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS ASSIGNMENT OF DEPOSIT ACCOUNT AND
AGREES TO ITS TERMS. THIS AGREEMENT IS DATED JUNE 30, 2005.

GRANTOR:

		
	LENDER:
	

NEXT PAGE

BUSINESS LOAN AGREEMENT

	Principal

$2,000,000.00	Loan Date

06-30-2005	Maturity

06-30-2010	Loan No

05345	Call/Coll

A5A0/3B	Account

3105005143	Officer

191	Initials

     
	References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.

Any item above containing "***" has been omitted due to text length limitations.

	Borrower:	MainStreet Financial Corporation
629 W. State Street
Hastings, MI 49058		Lender:	Independent Bank South Michigan
2390 Woodlake Dr. #300
Okemos, MI 48864
(517)347-6076

THIS BUSINESS LOAN AGREEMENT dated June 30, 2005, is made and executed between MainStreet Financial Corporation ("Borrower") and Independent Bank South Michigan ("Lender") on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement ("Loan"). Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender's sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms
and conditions of this Agreement.

TERM. This Agreement shall be effective as of June 30, 2005, and shall continue in full force and effect until such time as all of
Borrower's Loans in favor of Lender have been paid in full, including principal, interest, costs, expenses, attorneys' fees, and other fees
and charges, or until such time as the parties may agree in writing to terminate this Agreement.

CONDITIONS PRECEDENT TO EACH ADVANCE. Lender's obligation to make the initial Advance and each subsequent Advance
under this Agreement shall be subject to the fulfillment to Lender's satisfaction of all of the conditions set forth in this Agreement and in
the Related Documents.

Loan Documents. Borrower shall provide to Lender the following documents for the Loan: (1) the Note; (2) Security Agreements
granting to Lender security interests in the Collateral; (3) financing statements and all other documents perfecting Lender's Security
Interests; (4) evidence of insurance as required below; (5) together with all such Related Documents as Lender may require for the Loan; all in form and substance satisfactory to Lender and Lender's counsel.

Borrower's Authorization. Borrower shall have provided in form and substance satisfactory to Lender properly certified
resolutions, duly authorizing the execution and delivery of this Agreement, the Note and the Related Documents. In addition,
Borrower shall have provided such other resolutions, authorizations, documents and instruments as Lender or its counsel, may
require.

Payment of as and Expenses. Borrower shall have paid to Lender all fees, charges, and other expenses which are then due and
payable as specified in this Agreement or any Related Document.

Representations and Warranties. The representations and warranties set forth in this Agreement, in the Related Documents, and
in any document or certificate delivered to Lender under this Agreement are true and correct.

No Event of Default. There shall not exist at the time of any Advance a condition which would constitute an Event of Default under
this Agreement or under any Related Document.

REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Lender, as of the date of this Agreement, as of the
date of each disbursement of loan proceeds, as of the date of any renewal, extension or modification of any Loan, and at all times any
Indebtedness exists:

Organization. Borrower is a corporation for profit which is, and at all times shall be, duly organized, validly existing, and in good
standing under and by virtue of the laws of the State of Michigan. Borrower is duly authorized to transact business in all other states
in which Borrower is doing business, having obtained all necessary filings, governmental licenses and approvals for each state in
which Borrower is doing business. Specifically, Borrower is, and at all times shall be, duly qualified as a foreign corporation in all
states in which the failure to so qualify would have a material adverse effect on its business or financial condition. Borrower has the
full power and authority to own its properties and to transact the business in which it is presently engaged or presently proposes to
engage. Borrower maintains an office at 629 W. State Street, Hastings, MI 49058. Unless Borrower has designated otherwise in
writing, the principal office is the office at which Borrower keeps its books and records including its records concerning the
Collateral. Borrower will notify Lender prior to any change in the location of Borrower's state of organization or any change in
Borrower's name. Borrower shall do all things necessary to preserve and to keep in full force and effect its existence, rights and
privileges, and shall comply with all regulations, rules, ordinances, statutes, orders and decrees of any governmental or quasi-governmental authority or court applicable to Borrower and Borrower's business activities.

Assumed Business Names. Borrower has filed or recorded all documents or filings required by law relating to all assumed business
names used by Borrower. Excluding the name of Borrower, the following is a complete list of all assumed business names under
which Borrower does business: None.

Authorization. Borrower's execution, delivery, and performance of this Agreement and all the Related Documents have been duly
authorized by all necessary action by Borrower and do not conflict with, result in a violation of, or constitute a default under (1) any
provision of (a) Borrower's articles of incorporation or organization, or bylaws, or (b) any agreement or other instrument binding
upon Borrower or (2) any law, governmental regulation, court decree, or order applicable to Borrower or to Borrower's properties.

Financial Information. Each of Borrower's financial statements supplied to Lender truly and completely disclosed Borrower's
financial condition as of the date of the statement, and there has been no material adverse change in Borrower's financial condition
subsequent to the date of the most recent financial statement supplied to Lender. Borrower has no material contingent obligations
except as disclosed in such financial statements.

Legal Effect. This Agreement constitutes, and any instrument or agreement Borrower is required to give under this Agreement
when delivered will constitute legal, valid, and binding obligations of Borrower enforceable against Borrower in accordance with
their respective terms.

Properties. Except as contemplated by this Agreement or as previously disclosed in Borrower's financial statements or in writing to
Lender and as accepted by Lender, and except for property tax liens for taxes not presently due and payable, Borrower owns and has
good title to all of Borrower's properties free and clear of all Security Interests, and has not executed any security documents or
financing statements relating to such properties. All of Borrower's properties are titled in Borrower's legal name, and Borrower has
not used or filed a financing statement under any other name for at least the last five (5) years.

Hazardous Substances. Except as disclosed to and acknowledged by Lender in writing, Borrower represents and warrants that: (1)
During the period of Borrower's ownership of Borrower's Collateral, there has been no use, generation, manufacture, storage,
treatment, disposal, release or threatened release of any Hazardous Substance by any person on, under, about or from any of the
Collateral. (2) Borrower has no knowledge of, or reason to believe that there has been (a) any breach or violation of any
Environmental Laws; (b) any use, generation, manufacture, storage, treatment, disposal, release or threatened release of any
Hazardous Substance on, under, about or from the Collateral by any prior owners or occupants of any of the Collateral; or (c) any
actual or threatened litigation or claims of any kind by any person relating to such matters. (3) Neither Borrower nor any tenant,
contractor, agent or other authorized user of any of the Collateral shall use, generate, manufacture, store, treat, dispose of or release
any Hazardous Substance on, under, about or from any of the Collateral; and any such activity shall be conducted in compliance
with all applicable federal, state, and local laws, regulations, and ordinances, including without limitation all Environmental Laws.
Borrower authorizes Lender and its agents to enter upon the Collateral to make such inspections and tests as Lender may deem
appropriate to determine compliance of the Collateral with this section of the Agreement. Any inspections or tests made by Lender shall be at Borrower's expense and for Lender's purposes only and shall not be construed to create any responsibility or liability on the part of Lender to Borrower or to any other person. The representations and warranties contained herein are based on Borrower's due diligence in investigating the Collateral for hazardous waste and Hazardous Substances. Borrower hereby (1) releases and waives any future claims against Lender for indemnity or contribution in the event Borrower becomes liable for cleanup or other costs under any such laws, and (2) agrees to indemnify and hold harmless Lender against any and all claims, losses, liabilities,
damages, penalties, and expenses which Lender may directly or indirectly sustain or suffer resulting from a breach of this section of the Agreement or as a consequence of any use, generation, manufacture, storage, disposal, release or threatened release of a hazardous waste or substance on the Collateral. The provisions of this section of the Agreement, including the obligation to indemnify, shall survive the payment of the Indebtedness and the termination, expiration or satisfaction of this Agreement and shall not be affected by Lender's acquisition of any interest in any of the Collateral, whether by foreclosure or otherwise.

NEXT PAGE

	Loan No: 05345	BUSINESS LOAN AGREEMENT

(Continued)	Page 2

Litigation and Claims. No litigation, claim, investigation, administrative proceeding or similar action (including those for unpaid
taxes) against Borrower is pending or threatened, and no other event has occurred which may materially adversely affect Borrower's
financial condition or properties, other than litigation, claims, or other events, if any, that have been disclosed to and acknowledged
by Lender in writing.

Taxes. To the boot of Borrower's knowledge, all of Borrower's tax returns and reports that are or were required to be filed, have been
filed, and all taxes, assessments and other governmental charges have been paid in full, except those presently being or to be
contested by Borrower in good faith in the ordinary course of business and for which adequate reserves have been provided.

Lien Priority. Unless otherwise previously disclosed to Lender in writing, Borrower has not entered into or granted any Security
Agreements, or permitted the filing or attachment of any Security Interests on or affecting any of the Collateral directly or indirectly
securing repayment of Borrower's Loan and Note, that would be prior or that may in any way be superior to Lender's Security
Interests and rights in and to such Collateral.

Binding Effect. This Agreement, the Note, all Security Agreements (if any), and all Related Documents are binding upon the
signers thereof, as well as upon their successors, representatives and assigns, and are legally enforceable in accordance with their
respective terms.

AFFIRMATIVE COVENANTS. Borrower covenants and agrees with Lender that, so long as this Agreement remains in effect,
Borrower will 

Notices of Claims and Litigation. Promptly inform Lender in writing of (1) all material adverse changes in Borrower's financial
condition, and (2) all existing and all threatened litigation, claims, investigations, administrative proceedings or similar actions
affecting Borrower or any Guarantor which could materially affect the financial condition of Borrower or the financial condition of
any Guarantor.

Financial Records. Maintain its books and records in accordance with GAAP, applied on a consistent basis, and permit Lender to
examine and audit Borrower's books and records at all reasonably times.

Financial Statements. Furnish Lender with the following:

			Annual Statements. As soon as available after the end of each fiscal year, Borrower's balance sheet and income statement for the year ended, audited by a certified public accountant satisfactory to Lender.

			Additional Requirements. Borrower shall submit Thrift Financial Report and internally prepared unaudited consolidating financial statements quarterly.

All financial reports required to be provided under this Agreement shall be prepared in accordance with GAAP, applied on a
consistent basis, and certified by Borrower as being true and correct.

Additional Information. Furnish such additional information and statements, as Lender may request from time to time. 

Financial Covenants and Ratios. Comply with the following covenants and ratios:

			Other Requirements. Borrower shall comply with the following Loan Covenants and Ratios to be measured quarterly. These will be calculated in accordance with generally accepted accounting principles and regulatory requirements. The Borrower will have a six (6) month period to cure any violations of these covenants:

			Consolidated Tier 1 capital greater than $5,000,000.00.

			A negative covenant not to incur any other holding company debt.

			Consolidated ROA greater than 0.00%.

			Consolidated non-accrual loans and ORE less than 20% of Tier 1 capital.

			Consolidated non-accrual loans and ORE less than 1.5% of total loans.

			The Thrift Subsidiary will remain 'well capitalized'.  This requires the following minimum capital ratios:

Leverage ratio greater than 5%

Tier 1 risk based capital ratio greater than 6%

Total risked-based capital ratio of 10%

			The Consolidated Entity will maintain a leverage ratio greater than 3.00%.

			Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be
made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct.

Insurance. Maintain fire and other risk insurance, public liability insurance, and such other insurance as Lender may require with
respect to Borrower's properties and operations, in form, amounts, coverages and with insurance companies acceptable to Lender.
Borrower, upon request of Lender, will deliver to Lender from time to time the policies or certificates of insurance in form
satisfactory to Lender, including stipulations that coverages will not be cancelled or diminished without at least thirty (30) days prior
written notice to Lender. Each insurance policy also shall include an endorsement providing that coverage in favor of Lender will
not be impaired in any way by any act, omission or default of Borrower or any other person. In connection with all policies covering
assets in which Lender holds or is offered a security interest for the Loans, Borrower will provide Lender with such lender's lose
payable or other endorsements as Lender may requite.

Insurance Reports. Furnish to Lender, upon request of Lender, reports on each existing insurance policy showing such information
as Lender may reasonably request, including without limitation the following: (1) the name of the insurer; (2) the risks insured; (3)
the amount of the policy; (4) the properties insured: (5) the then current property values on the basis of which insurance has been
obtained, and the manner of determining those values: and (6) the expiration date of the policy. In addition, upon request of Lender
(however not more often than annually), Borrower will have an independent appraiser satisfactory to Lender determine, as
applicable, the actual cash value or replacement cost of any Collateral. The coat of such appraisal shall be paid by Borrower.

Other Agreements. Comply with all terms and conditions of all other agreements, whether now or hereafter existing, between
Borrower and any other party and notify Lender immediately in writing of any default in connection with any other such
agreements.

Loan Proceeds. Use all Loan proceeds solely for Borrower's business operations, unless specifically consented to the contrary by
Lender in writing.

Taxes, Charges and Liens. Pay and discharge when due all of its indebtedness and obligations, including without limitation all
assessments, taxes, governmental charges, levies and liens, of every kind and nature, imposed upon Borrower or its properties,
income, or profits, prior to the date on which penalties would attach, and all lawful claims that, if unpaid, might become a lien or
charge upon any of Borrower's properties, income, or profits.

Performance. Perform and comply, in a timely manner, with all terms, conditions, and provisions set forth in this Agreement, in
the Related Documents, and in all other instruments and agreements between Borrower and Lender. Borrower shall notify Lender
immediately in writing of any default in connection with any agreement.

Operations. Maintain executive and management personnel with substantially the same qualifications and experience as the present
executive and management personnel; provide written notice to Lender of any change in executive and management personnel;
conduct its business of lairs in a reasonable and prudent manner.

Environmental Studies. Promptly conduct and complete, at Borrower's expense, all such investigations, studies, samplings and
testings as may be requested by Lender or any governmental authority relative to any substance, or any waste or by-product of any
substance defined as toxic or a hazardous substance under applicable federal, state, or local law, rule, regulation, order or directive,
at or affecting any property or any facility owned, loaned or used by Borrower.

Compliance with Governmental Requirements. Comply with all laws, ordinances, and regulations, now or hereafter in effect, of
all governmental authorities applicable to the conduct of Borrower's properties, businesses and operations, and to the use or
occupancy of the Collateral, including without limitation, the Americans With Disabilities Act. Borrower may contest in good faith
any such law, ordinance, or regulation and withhold compliance during any proceeding, including appropriate appeals, so long as
Borrower has notified Lender in writing prior to doing so and so long as, In Lender's sole opinion, Lender's interests in the
Collateral are not jeopardized. Lender may require Borrower to post adequate security or a surety bond, reasonably satisfactory to
Lender, to protect Lender's interest.

Inspection. Permit employees or agents of Lender at any reasonable time to inspect any and all Collateral for the Loan and Loans
and Borrower's other properties and to examine or audit Borrower's books, accounts, and records and to make copies and
memoranda of Borrower's books, accounts, and records. If Borrower now or at any time hereafter maintains any records (including
without limitation computer generated records and computer software programs for the generation of such records) in the possession
of a third party, Borrower, upon request of Lender, shall notify such party to permit Lender from access to such records at all
reasonable times and to

NEXT PAGE

	Loan No: 05345	BUSINESS LOAN AGREEMENT

(Continued)	Page 3

provide Lender with copies of any records it may request, all at Borrower's expense.

Compliance Certificates. Unless waived in writing by Lender, provide Lender at least annually, with a certificate executed by
Borrower's chief financial officer, or other officer or person acceptable to Lender, certifying that the representations and warranties
set forth in this Agreement are true and correct as of the date of the certificate and further certifying that, as of the date of the
certificate, no Event of Default exists under this Agreement.

Environmental Compliance and Reports. Borrower shall comply in all respects with any and all Environmental Laws; not cause
or permit to exist, as a result of an intentional or unintentional action or omission on Borrower's part or on the part of any third
party, on property owned and/or occupied by Borrower, any environmental activity where damage may result to the environment,
unless such environmental activity is pursuant to and in compliance with the conditions of a permit issued by the appropriate
federal, state or local governmental authorities; shall furnish to Lender promptly and in any event within thirty (30) days after
receipt thereof a copy of any notice, summons, lien, citation, directive, letter or other communication from any governmental agency
or instrumentality concerning any intentional or unintentional action or omission on Borrower's part in connection with any
environmental activity whether or not there is damage to the environment and/or other natural resources.

Additional Assurances. Make, execute and deliver to Lender such promissory notes, mortgages, deeds of trust, security agreements,
assignments, financing statements, instruments, documents and other agreements as Lender or its attorneys may reasonably request
to evidence and secure the Loans and to perfect all Security Interests.

LENDER'S EXPENDITURES. If any action or proceeding is commenced that would materially affect Lender's interest in the
Collateral or if Borrower fails to comply with any provision of this Agreement or any Related Documents, including but not limited to
Borrower's failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any
Related Documents, Lender on Borrower's behalf may (but shall not be obligated to) take any action that Lender deems appropriate,
including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied
or placed on any Collateral and paying all costs for insuring, maintaining and preserving any Collateral. All such expenditures incurred
or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to
the date of repayment by Borrower. All such expenses will become a part of the Indebtedness and, at Lender's option, will (A) be payable
on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become
due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note; or (C) be treated as a balloon
payment which will be due and payable at the Note's maturity.

NEGATIVE COVENANTS. Borrower covenants and agrees with Lender that while this Agreement is in effect, Borrower shall not,
without the prior written consent of Lender:

Indebtedness and Liens. (1) Except for trade debt incurred in the normal course of business and indebtedness to Lender
contemplated by this Agreement, create, incur or assume indebtedness for borrowed money, including capital leases, (2) sell,
transfer, mortgage, assign, pledge, lease, grant a security interest in, or encumber any of Borrower's assets (except as allowed as
Permitted Liens), or (3) sell with recourse any of Borrower's accounts, except to Lender.

Continuity of Operations. (1) Engage in any business activities substantially different than those in which Borrower is presently
engaged, (2) cease operations, liquidate, merge, transfer, acquire or consolidate with any other entity, change its name, dissolve or
transfer or sell Collateral out of the ordinary course of business, or (3) pay any dividends on Borrower's stock (other than dividends
payable in its stock), provided, however that notwithstanding the foregoing, but only so long as no Event of Default has occurred
and is continuing or would result from the payment of dividends, if Borrower is a "Subchapter S Corporation" (as defined in the
Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in
amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities
under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their
ownership of shares of Borrower's stock, or purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's
capital structure.

Loans, Acquisitions and Guaranties. (1) Loan, invest in or advance money or assets to any other person, enterprise or entity, (2)

purchase, create or acquire any interest in any other enterprise or entity, or (3) incur any obligation as surety or guarantor other than
in the ordinary course of business.

Agreements. Borrower will not enter into any agreement containing any provisions which would be violated or breached by the
performance of Borrower's obligations under this Agreement or in connection herewith.

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or
under any other agreement, Lender shall have no obligation to make Loan Advances, or to disburse Loan proceeds if: (A) Borrower or
any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or
any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in
bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower's financial
condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks,
claims or otherwise attempts to limit, modify or revoke such Guarantor's guaranty of the Loan or any other loan with Lender; or (E)
Lender in good faith deems itself insecure, even though no Event of Default shall have occurred.

RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a right of setoff in all Borrower's accounts with
Lender (whether checking, savings, or some other account). This includes all accounts Borrower holds jointly with someone else and all
accounts Borrower may open in the future. However, this does not include any IRA or Keogh accounts, or any trust accounts for which
setoff would be prohibited by law. Borrower authorizes Lender, to the extent permitted by applicable law, to charge or setoff all sums
owing on the Indebtedness against any and all such accounts, and, at Lender's option, to administratively freeze all such accounts to
allow Lender to protect Lender's charge and setoff rights provided in this paragraph.

DEFAULT. Each of the following shall constitute an Event of Default under this Agreement:

Payment Default. Borrower fails to make any payment when due under the Loan.

Other Defaults. Borrower fails to comply with or to perform any other term, obligation, covenant or condition contained in this
Agreement or in any of the Related Documents or to comply with or to perform any term, obligation, covenant or condition contained
in any other agreement between Lender and Borrower.

False Statements. Any warranty, representation or statement made or furnished to Lender by Borrower or on Borrower's behalf under
this Agreement or the Related Documents is false or misleading in any material respect, either now or at the time made or furnished or
becomes false or misleading at any time thereafter.

Insolvency. The dissolution or termination of Borrower's existence as a going business, the insolvency of Borrower, the
appointment of a receiver for any part of Borrower's property, any assignment for the benefit of creditors, any type of creditor
workout, or the commencement of any proceeding under any bankruptcy or insolvency laws by or against Borrower.

Defective Collateralization. This Agreement or any of the Related Documents ceases to be in full force and effect (including failure
of any collateral document to create a valid and perfected security interest or lien) at any time and for any reason.

Creditor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judicial proceeding, self-help, repossession or any other method, by any creditor of Borrower or by any governmental agency against any collateral securing
the Loan. This includes a garnishment of any of Borrower's accounts, including deposit accounts, with Lender. However, this Event
of Default shall not apply if there is a good faith dispute by Borrower as to the validity or reasonableness of the claim which is the
basis of the creditor or forfeiture proceeding and if Borrower gives Lender written notice of the creditor or forfeiture proceeding and
deposits with Lender monies or a surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender, in its
sole discretion, as being an adequate reserve or bond for the dispute.

Events Affecting Guarantor. Any of the preceding events occurs with respect to any Guarantor of any of the Indebtedness or any
Guarantor dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guaranty of the Indebtedness. 

Change in Ownership. Any change in ownership of twenty-five percent (25%) or more of the common stock of Borrower.

Adverse Change. A material adverse change occurs in Borrower's financial condition, or Lender believes the prospect of payment
or performance of the Loan is impaired.

Insecurity. Lender in good faith believes itself insecure.

EFFECT OF AN EVENT OF DEFAULT. If any Event of Default shall occur, except where otherwise provided in this Agreement or
the Related Documents, all commitments and obligations of Lender under this Agreement or the Related Documents or any other
agreement immediately will terminate (including any obligation to make further Loan Advances or disbursements), and, at Lender's
option, all Indebtedness immediately will become due and payable, all without notice of any kind to Borrower, except that in the case of
an Event of Default of the type described in the "Insolvency" subsection above, such acceleration shall be automatic and not optional. In
addition, Lender shall have all the rights and remedies 

NEXT PAGE

	Loan No: 05345	BUSINESS LOAN AGREEMENT

(Continued)	Page 4

provided in the Related Documents or available at law, in equity, or otherwise. Except as may be prohibited by applicable law, all of
Lender's rights and remedies shall be cumulative and may be exercised singularly or concurrently. Election by Lender to pursue any
remedy shall not exclude pursuit of any other remedy, and an election to make expenditures or to take action to perform an obligation of
Borrower or of any Grantor shall not affect Lender's right to declare a default and to exercise its rights and remedies.

INTEREST RESERVE. It is hereby further understood and agreed to between Borrower and Lender that Borrower will set up and
maintain an interest reserve equal to 12 months of interest at all times. The reserve will be maintained at Independent Bank South
Michigan in a Liquid Asset deposit. The deposit has a rate of 3M T-bill - 25 basis points with a weekly reset with the current rate equal
to 2.58%.

CONDITIONS FOR ADVANCES. Draws will be limited to two draws, at which time this shall be considered a term Note.

ADDENDUM TO NEGATIVE COVENANTS. Borrower and Lender agree that Borrower may pay dividends on Borrower's stock
without the prior written consent of Lender provided borrower is not in default under the terms of the Business Loan Agreement or
Promissory Note.

MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of this Agreement:

Amendments. This Agreement, together with any Related Documents, constitutes the entire understanding and agreement of the
parties as to the matters set forth in this Agreement. No alteration of or amendment to this Agreement shall be effective unless given
in writing and signed by the party or parties sought to be charged or bound by the alteration or amendment.

Attorneys' Fees; Expenses. Borrower agrees to pay upon demand all of Lender's costs and expenses, including Lender's reasonable
attorneys' fees and Lender's legal expenses, incurred in connection with the enforcement of this Agreement. Lender may hire or pay
someone else to help enforce this Agreement, and Borrower shall pay the costs and expenses of such enforcement. Costs and
expenses include Lender's reasonable attorneys' fees and legal expenses whether or not there is a lawsuit, including reasonable
attorneys' fees and legal expenses for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or
injunction), appeals, and any anticipated post-judgment collection services. Borrower also shall pay all court costs and such
additional fees as may be directed by the court.

Caption Headings. Caption headings in this Agreement are for convenience purposes only and are not to be used to interpret or
define the provisions of this Agreement.

Consent to Loan Participation. Borrower agrees and consents to Lender's sale or transfer, whether now or later, of one or more
participation interests in the Loan to one or more purchasers, whether related or unrelated to Lender. Lender may provide, without
any limitation whatsoever, to any one or more purchasers, or potential purchasers, any information or knowledge Lender may have
about Borrower or about any other matter relating to the Loan, and Borrower hereby waives any rights to privacy Borrower may have
with respect to such matters. Borrower additionally waives any and all notices of sale of participation interests, as well as all
notices of any repurchase of such participation interests. Borrower also agrees that the purchasers of any such participation
interests will be considered as the absolute owners of such interests in the Loan and will have all the rights granted under the
participation agreement or agreements governing the sale of such participation interests. Borrower further waives all rights of
offset or counterclaim that it may have now or later against Lender or against any purchaser of such a participation interest and
unconditionally agrees that either Lender or such purchaser may enforce Borrower's obligation under the Loan irrespective of the
failure or insolvency of any holder of any interest in the Loan. Borrower further agrees that the purchaser of any such participation
interests may enforce its interests irrespective of any personal claims or defenses that Borrower may have against Lender.

Governing Law. This Agreement will be governed by. construed and enforced in accordance with federal law and the laws
of the State of Michigan. This Agreement has been accepted by Lender in the State of Michigan.

No Waiver by Lender. Lender shall not be deemed to have waived any rights under this Agreement unless such waiver is given
in writing and signed by Lender. No delay or omission on the part of Lender in exercising any right shall operate as a waiver of
such right or any other right. A waiver by Lender of a provision of this Agreement shall not prejudice or constitute a waiver of
Lender's right otherwise to demand strict compliance with that provision or any other provision of this Agreement. No prior
waiver by Lender, nor any course of dealing between Lender and Borrower, or between Lender and any Grantor, shall constitute a
waiver of any of Lender's rights or of any of Borrower's or any Grantor's obligations as to any future transactions. Whenever the
consent of Lender is required under this Agreement, the granting of such consent by Lender in any instance shall not constitute
continuing consent to subsequent instances where such consent is required and in all cases such consent may be granted or
withheld in the sole discretion of Lender.

Notices. Any notice required to be given under this Agreement shall be given in writing, and shall be effective when actually
delivered, when actually received by telefacsimile (unless otherwise required by law), when deposited with a nationally recognized
overnight courier, or, if mailed, when deposited in the United States mail, as first class, certified or registered mail postage
prepaid, directed to the addresses shown near the beginning of this Agreement. Any party may change its address for notices under
this Agreement by giving formal written notice to the other parties, specifying that the purpose of the notice is to change the
party's address. For notice purposes, Borrower agrees to keep Lender informed at all times of Borrower's current address. Unless
otherwise provided or required by law, if there is more than one Borrower, any notice given by Lender to any Borrower is deemed
to be notice given to all Borrowers.

Severability. If a court of competent jurisdiction finds any provision of this Agreement to be illegal, invalid, or unenforceable as
to any circumstance, that finding shall not make the offending provision illegal, invalid, or unenforceable as to any other circumstance. If
feasible, the offending provision shall be considered modified so that it becomes legal, valid and enforceable. If the offending
provision cannot be so modified, it shall be considered deleted from this Agreement. Unless otherwise required by law, the
illegality, invalidity, or unenforceability of any provision of this Agreement shall not affect the legality, validity or enforceability
of any other provision of this Agreement.

Subsidiaries and Affiliates of Borrower. To the extent the context of any provisions of this Agreement makes it appropriate,
including without limitation any representation, warranty or covenant, the word "Borrower" as used in this Agreement shall
include all of Borrower's subsidiaries and affiliates. Notwithstanding the foregoing however, under no circumstances shall this
Agreement be construed to require Lender to make any Loan or other financial accommodation to any of Borrower's subsidiaries
or affiliates.

Successors and Assigns. All covenants and agreements by or on behalf of Borrower contained in this Agreement or any Related
Documents shall bind Borrower's successors and assigns and shall inure to the benefit of Lender and its successors and assigns.
Borrower shall not, however, have the right to assign Borrower's rights under this Agreement or any interest therein, without the prior
written consent of Lender.

Survival of Representations Warranties. Borrower understands and agrees that in extending Loan Advances, Lender is relying
on all representations, warranties, and covenants made by Borrower in this Agreement or in any certificate or other instrument
delivered by Borrower to Lender under this Agreement or the Related Documents. Borrower further agrees that regardless of any
investigation made by Lender, all such representations, warranties and covenants will survive the extension of Loan Advances and
delivery to Lender of the Related Documents, shall be continuing in nature, shall be deemed made and redated by Borrower at the
time each Loan Advance is made, and shall remain in full force and effect until such time as Borrower's Indebtedness shall be paid
in full, or until this Agreement shall be terminated in the manner provided above, whichever is the last to occur.

Time is of the Essence. Time is of the essence in the performance of this Agreement.

Waive Jury. All parties to this Agreement hereby waive the right to any jury trial in any action, proceeding, or
counterclaim brought by any party against any other party.

DEFINITIONS. The following capitalized words and terms shall have the following meanings when used in this Agreement. Unless
specifically stated to the contrary, all references to dollar amounts shall mean amounts in lawful money of the United States of
America. Words and terms used in the singular shall include the plural, and the plural shall include the singular, as the context may require.
Words and terms not otherwise defined in this Agreement shall have the meanings attributed to such terms in the Uniform Commercial
Code. Accounting words and terms not otherwise defined in this Agreement shall have the meanings assigned to them in accordance
with generally accepted accounting principles as in effect on the date of this Agreement:

Advance. The word "Advance" means a disbursement of Loan funds made, or to be made, to Borrower or on Borrower's behalf on
a line of credit or multiple advance basis under the terms and conditions of this Agreement.

Agreement. The word "Agreement" means this Business Loan Agreement, as this Business Loan Agreement may be amended or
modified from time to time, together with all exhibits and schedules attached to this Business Loan Agreement from time to time. 

Borrower. The word "Borrower" means MainStreet Financial Corporation and includes all co-signers and co-makers signing the
Note.

Collateral. The word "Collateral" means all property and assets granted as collateral security for a Loan, whether real or personal
property, whether granted directly or indirectly, whether granted now or in the future, and whether granted in the form of a
security interest, mortgage, collateral mortgage, deed of trust, assignment, pledge, crop pledge, chattel mortgage, collateral
chattel mortgage, chattel trust, factor's lien, equipment trust, conditional sale, trust receipt, lien, charge, lien or title retention
contract, lease or consignment intended as a security device, or any other security or lien interest whatsoever, whether created by
law, contract, or otherwise.

NEXT PAGE

	Loan No: 05345	BUSINESS LOAN AGREEMENT

(Continued)	Page 5

Environmental Laws. The words "Environmental Laws" mean any and all state, federal and local statutes, regulations and ordinances
relating to the protection of human health or the environment, including without limitation the Comprehensive Environmental
Response, Compensation, and Liability Act of 1980, as amended, 42 U.S.C. Section 9601, et seq. ("CERCLA"), the Superfund
Amendments and Reauthorization Act of 1986, Pub. L. No. 99-499 ("SARA"), the Hazardous Materials Transportation Act, 49 U.S.C,
Section 1801. et seq., the Resource Conservation and Recovery Act, 42 U.S.C. Section 6901, et seq., or other applicable state or federal
laws, rules, or regulations adopted pursuant thereto.

Event of Default. The words "Event of Default" mean any of the events of default set forth in this Agreement in the default section of
this Agreement.

GAAP. The word "GAAP" means generally accepted accounting principles.

Grantor. The word "Grantor" means each and all of the persons or entities granting a Security Interest in any Collateral for the Loan,
including without limitation all Borrowers granting such a Security Interest.

Guarantor. The word "Guarantor" means any guarantor, surety, or accommodation party of any or all of the Loan.

Guaranty. The word "Guaranty" means the guaranty from Guarantor to Lender, including without limitation a guaranty of all or part
of the Note.

Hazardous Substances. The words "Hazardous Substances" mean materials that, because of their quantity, concentration or physical,
chemical or infectious characteristics, may cause or pose a present or potential hazard to human health or the environment when
improperly used, treated, stored, disposed of, generated, manufactured, transported or otherwise handled. The words "Hazardous
Substances" are used in their very broadest sense and include without limitation any and all hazardous or toxic substances, materials or
waste as defined by or listed under the Environmental Laws. The term "Hazardous Substances" also includes, without limitation,
petroleum and petroleum by-products or any fraction thereof and asbestos.

Indebtedness. The word "Indebtedness" means the indebtedness evidenced by the Note or Related Documents, including all principal
and interest together with all other indebtedness and costs and expenses for which Borrower is responsible under this Agreement or
under any of the Related Documents.

Lender. The word "Lender" means Independent Bank South Michigan, its successors and assigns.

Loan. The word "Loan" means any and all loans and financial accommodations from Lender to Borrower whether now or hereafter
existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described
on any exhibit or schedule attached to this Agreement from time to time.

Note. The word "Note" means the Note executed by MainStreet Financial Corporation in the principal amount of $2,000,000,00 dated
June 30, 2005, together with all renewals of, extensions of, modifications of, refinancings of, consolidations of, and substitutions for
the note or credit agreement.

Permitted Liens. The words "Permitted Liens" mean (1) liens and security interests securing Indebtedness owed by Borrower to
Lender; (2) liens for taxes, assessments, or similar charges either not yet due or being contested in good faith; (2) liens of materialmen,
mechanics, warehousemen, or carriers, or other like liens arising in the ordinary course of business and securing obligations which are
not yet delinquent; (4) purchase money liens or purchase money security interests upon or in any property acquired or held by
Borrower in the ordinary course of business to secure indebtedness outstanding on the date of this Agreement or permitted to be
incurred under the paragraph of this Agreement titled "Indebtedness and Liens"; (5) liens and security interests which, as of the data of
this Agreement, have been disclosed to and approved by the Lender in writing; and (6) those liens and security interests which in the
aggregate constitute an immaterial and insignificant monetary amount with respect to the not value of Borrower's assets.

Related Documents. The words "Related Documents" mean all promissory notes, credit agreements, loan agreements, environmental
agreements, guaranties, security agreements, mortgages, deeds of trust, security deeds, collateral mortgages, and all other instruments,
agreements and documents, whether now or hereafter existing, executed in connection with the Loan.

Security Agreement. The words "Security Agreement" mean and include without limitation any agreements, promises, covenants,
arrangements, understandings or other agreements, whether created by law, contract, or otherwise, evidencing, governing,
representing, or creating a Security Interest.

Security Interest. The words "Security Interest" mean, without limitation, any and all types of collateral security, present and future,
whether in the form of a lien, charge, encumbrance, mortgage, deed of trust, security deed, assignment, pledge, crop pledge, chattel
mortgage, collateral chattel mortgage, chattel trust, factor's lien, equipment trust, conditional sale, trust receipt, lien or title retention
contract, lease or consignment intended as a security device, or any other security or lien interest whatsoever whether created by law,
contract, or otherwise.

BORROWER ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS BUSINESS LOAN AGREEMENT AND
BORROWER AGREES TO ITS TERMS. THIS BUSINESS LOAN AGREEMENT IS DATED JUNE 30, 2005.

BORROWER:

		
	LENDER:
	

NEXT PAGE

DISBURSEMENT REQUEST AND AUTHORIZATION

	Principal

$2,000,000.00	Loan Date

06-30-2005	Maturity

06-30-2010	Loan No

05345	Call/Coll

A5A0/3B	Account

3105005143	Officer

191	Initials

     
	References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.

Any item above containing "***" has been omitted due to text length limitations.

	Borrower:	MainStreet Financial Corporation
629 W. State Street
Hastings, MI 49058		Lender:	Independent Bank South Michigan
2390 Woodlake Dr. #300
Okemos, MI 48864
(517)347-6076

LOAN TYPE. This is a Variable Rate Nondisclosabie Draw Down Line of Credit Loan to a Corporation for $2,000,000.00 due on June 30,
2010. The reference rate (the three-month LIBOR rate as published in the Wall Street Journal, with an interest rate ceiling of 24.000%,
currently 3.490%) is added to the margin of 3.000%, resulting in an initial rate of 6.490.

PRIMARY PURPOSE OF LOAN. The primary purpose of this loan is for:

  Personal, Family, or Household Purposes or Personal Investment.

 Business (including Real Estate Investment).

SPECIFIC PURPOSE. The specific purpose of this loan is: To provide funds that MainStreet Financial Corporation will inject as capital to
then leverage for asset growth.

DISBURSEMENT INSTRUCTIONS. Borrower understands that no loan proceeds will be disbursed until all of Lender's conditions for
making the loan have been satisfied. Please disburse the loan proceeds of $2,000,000.00 as follows:

	Amount paid to Borrower directly:	
$64,800.00

		$64,800.00 Deposited to Savings Account # 2909042 for an Interest
Reserve
	
	Other Disbursements:		
$1,935,098.50

		$1,000,000.00 Available to Draw
		$935,098.60 First Draw
			
	Other Charges Financed:		
$101.50

		$15.00 State of Michigan UCC Filing Fee
		$40.00 UCC Search Fee	
		$46.60 District of Columbia UCC Filing Fee & Service Charge
		
	Note Principal:			
$2,000,000.00

AUTOMATIC PAYMENTS. Borrower hereby authorizes Lender automatically to deduct from Borrower's account numbered 2909042 SAV
the amount of any loan payment. If the funds in the account are insufficient to cover any payment, Lender shall not be obligated to advance
funds to cover the payment. At any time and for any reason, Borrower or Lender may voluntarily terminate Automatic Payments.

FINANCIAL CONDITION. BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND WARRANTS TO LENDER THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND THAT THERE HAS BEEN NO MATERIAL
ADVERSE CHANGE IN BORROWER'S FINANCIAL CONDITION AS DISCLOSED IN BORROWER'S MOST RECENT FINANCIAL
STATEMENT TO LENDER. THIS AUTHORIZATION IS DATED JUNE 30, 2005.

		

NEXT PAGE

NOTICE OF FINAL AGREEMENT

	Principal

$2,000,000.00	Loan Date

06-30-2005	Maturity

06-30-2010	Loan No

05345	Call/Coll

A5A0/3B	Account

3105005143	Officer

191	Initials

     
	References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular loan or item.

Any item above containing "***" has been omitted due to text length limitations.

	Borrower:	MainStreet Financial Corporation
629 W. State Street
Hastings, MI 49058		Lender:	Independent Bank South Michigan
2390 Woodlake Dr. #300
Okemos, MI 48864
(517)347-6076

	BY SIGNING THIS DOCUMENT EACH PARTY REPRESENTS AND AGREES THAT: (A)
THE WRITTEN LOAN AGREEMENT REPRESENTS THE FINAL AGREEMENT BETWEEN
THE PARTIES, (B) THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
PARTIES, AND (C) THE WRITTEN LOAN AGREEMENT MAY NOT BE CONTRADICTED
BY EVIDENCE OF ANY PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL
AGREEMENTS OR UNDERSTANDINGS OF THE PARTIES.
	As used in this Notice, the following terms have the following meanings:

Loan. The term "Loan" means the following described loan: a Variable Rate Nondiscloseble Draw
Down Line of Credit Loan to a Corporation for $2,000,000.00 due on June 30, 2010. The reference rate
the three-month LIBOR rate as published in the Wall Street Journal, with an interest rate coifing of
24.000%, currently 3.490%) is added to the margin of 3.000%, resulting in an initial rate of 6.490.

Loan Agreement.  The term "Loan Agreement" means one or more promises, promissory notes,agreements, undertakings, security agreements, deeds of trust or other documents, or commitments, or
any combination of those actions or documents, relating to the Loan, including without limitation the
following:

LOAN DOCUMENTS

Corporate Resolution: Mainstreet Financial
Corporation

Promissory Note

Collateral Receipts; Savings Account Number
2909042 with

Lender with an approximate
balance of $64,800.00

Disbursement Request and Authorization

Business Loan Agreement

MI Assignment of Deposit Account; Savings
Account Number

2909042 with Lender with an
approximate balance of

$64,800.00; owned by
MainStreet Financial Corporation

Notice of Final Agreement

Parties:The term "Parties" means independent Bank South Michigan and any and all entities or individuals who are obligated to repay the loan or have pledged property as security for the Loan,
including without limitation the following:

Borrower:	MainStreet Financial Corporation

Grantor(s):	MainStreet Financial Corporation

Each Party who signs below, other than Independent Bank South Michigan, acknowledges, representss, and warrants to Independent Bank South Michigan that is has received, read and understood this Notice of Final Agreement.  This Notice is dated June 30, 2005.

BORROWER:

		
	LENDER:
	

NEXT PAGE

PLEDGE AGREEMENT AND IRREVOCABLE PROXY

          This PLEDGE AGREEMENT AND IRREVOCABLE PROXY (the "Agreement") is made as the 30th day of June, 2005, by MainStreet Financial Corporation, a federal mutual holding company, of 629 W. State St., Hastings, MI 49058 (the "Pledgor"), in favor of Independent Bank South Michigan, a Michigan banking corporation, of 2390 Woodlake Dr., Suite 300, Okemos, MI 48864 (the "Pledgee").

RECITALS:

          WHEREAS, the Pledgor is the owner of all of the issued and outstanding capital stock of MainStreet Savings Bank, FSB, a federal savings association (the "Bank"), consisting of one thousand (1,000) shares of common stock of the Bank, par value $.01 per share, as evidenced by Certificate No. 001 issued in the name of the Pledgor (collectively, the "Securities");

          WHEREAS, as a condition to certain credit facilities provided to the Pledgor by the Pledgee, the Pledgee has required that the Pledgor pledge and hypothecate to the Pledgee all of its interest in the Securities as security for the "Indebtedness," as hereinafter defined;
NOW, THEREFORE, the Pledgor hereby agrees with the Pledgee as follows:

          1.     Pledge. The Pledgor hereby assigns and pledges to the Pledgee, as collateral security for the "Indebtedness" (as hereinafter defined), all of the following (collectively, the "Collateral"): (i) all of the Pledgor's rights to and interest in the Securities; (ii) any dividends, liquidating dividends, stock rights, stock splits or dividends, distributions, financial assets, or any otherrights or property of any kind now or hereafter issued or payable to the Pledgor on account of or with respect to the Securities; (iii) any and all securities entitlements" (as defined in the Uniform Commercial Code, as enacted and in effect as part of the laws of the state of Michigan (the "UCC")), now existing or hereafter arising, pertaining to the Securities or proceeds thereof; and (iv) all proceeds of the foregoing.

          2.     Indebtedness Secured. The pledge made pursuant to this Agreement is given as security for the payment and performance of all obligations, indebtedness and liabilities of the Pledgor to the Pledgee of any kind or nature, whether direct, indirect or contingent and whether now outstanding or hereafter existing or arising (the "Indebtedness"), which Indebtedness includes (without limitation) indebtedness with respect to the certain Promissory Note dated as of even date herewith in the principal amount of Two Million and 00/100 Dollars ($2,000,000.00), made by the Pledgor in favor of the Pledgee, and all other Borrower's Loans as defined in the Business Loan Agreement by and between the Pledgor and the Pledgee dated as of even date herewith, and all obligations owed by the Pledgor to the Pledgee under this Agreement.

          3.     Transfer of Collateral; Power of Attorney. The Pledgor hereby gives the Pledgee permission to transfer the Collateral to the name of the Pledgee or the Pledgee's designee, upon an event of default hereunder, and in furtherance thereof the Pledgor hereby irrevocably appoints the

NEXT PAGE

Pledgee its attorney-in-fact, with full power of substitution. The Pledgor agrees to hold the Pledgee harmless from any liability or responsibility that might result from any such transfer.

          4.     Warranties, Representations, and Covenants. The Pledgor hereby warrants and represents to the Pledgee that: (a) it is the sole owner of the Collateral; (b) the Securities represent 100% of the issued and outstanding capital stock of the Bank, and there are no outstanding options, warrants, or rights to purchase, nor any agreement for the subscription, purchase, or acquisition of, any shares of the capital stock of the Bank; (c) the Securities have been duly authorized and validly issued, and are fully, paid and nonassessable; and (d) the Collateral is free and clear of all claims, liens, and interests other than the interest of the Pledgor, and the Pledgor has not granted to any other person or entity any authority to exercise rights with respect to the Collateral. The Pledgor hereby covenants and agrees not to sell or assign the Collateral, or any portion thereof, or to create any lien or claim against the Collateral in favor of any person or entity, other than the Pledgee. The Pledgor agrees to reimburse the Pledgee, on demand, for any amounts paid or advanced by the Pledgee for the purpose of preserving all or any part of the Collateral. The Pledgor hereby covenants and agrees that it will promptly execute and deliver to the Pledgee any and all documents and instruments that the Pledgee may from time to time reasonably request to perfect or further evidence the pledge granted under this Agreement, including (without limitation) control agreements, in form and substance satisfactory to the Pledgee, executed by any persons considered necessary or desirable by the Pledgee. The Pledgor hereby authorizes the Pledgee to prepare and file, without notice to the Pledgee, financing statements naming the Pledgor, as debtor, and containing any collateral description which reasonably describes the Collateral.

          The Pledgor further warrants and represents that: (i) the execution and delivery of this Agreement and the Pledgor's performance hereunder do not and will not violate any law, conflict with any agreement by which the Pledgor or its properties are bound, or require the consent or approval of any governmental authority or any third party; (ii) this Agreement is a valid and binding agreement, enforceable according to its terms; and (iii) all financial statements and financial information furnished to the Pledgee by or on behalf of the Pledgor are accurate and fairly reflect the financial condition of the persons and entities to which they apply on their effective dates, including contingent liabilities of every type, and that such financial condition has not changed materially and adversely since those dates.

          5.     Dividend Rights. Notwithstanding the provisions of Section 1 above, so long as no event of default has occurred under this Agreement, the Pledgor shall have the right to receive all cash dividends or other cash distributions with respect to the Securities, to the extent that the same are made or allowed.

          6.     Financial Information. The Pledgor agrees that for as long as tine Indebtedness is outstanding, it will (i) timely provide all financial reports and other information required to be provided under the terms of the Business Loan Agreement, and (ii) respond to any reasonable request by the Pledgee for information regarding the Collateral.

2

NEXT PAGE

          7.     Events of Default. The occurrence of any "Event of Default," as defined in the Business Loan Agreement dated as of even date herewith made by and between the Pledgor and the Pledgee, shall constitute an event of default under this Agreement.

          8.     Remedies Upon Default. Upon occurrence of an event of default hereunder, the Pledgee may exercise any and all rights provided to secured creditors by the UCC or other applicable law, including (without limitation) the right to sell the Collateral at public or private sale in such manner and for such price as the Pledgee may determine. The Pledgee may purchase the Collateral or any part thereof at any such sale. The Pledgor agrees and acknowledges that because of applicable securities laws, the Pledgee may not be able to effect a public sale of the Collateral, and sales at a private sale may be on terms and at a price less favorable than if the Collateral were sold at a public sale. The Pledgor agrees that all private sales made under these circumstances shall be deemed-to have been made in a commercially reasonable manner. All rights and remedies of the Pledgee under this Agreement or otherwise with respect to the Collateral shall be cumulative. The rights, duties, and obligations hereunder of Pledgee and Pledgor shall, unless otherwise required by law, be governed by the provisions of the UCC and other applicable laws of the State of Michigan.

          9.     Voting Rights; Irrevocable Proxy. Prior to the occurrence of an event of default under this Agreement, the Pledgor shall have the right to vote the Securities on all questions, provided that voting by the Pledgor of the Securities shall be in conformity with any and all covenants and obligations pertaining to or affecting the Pledgor or the Bank as set forth in the Business Loan Agreement. Upon the occurrence of any event of default, the Pledgee shall have (in addition to other remedies hereunder or under applicable law) the right to vote the Securities on all questions after giving notice to the Pledgor of its election to exercise such rights. In furtherance of the foregoing, the Pledgor hereby irrevocably constitutes and appoints the Pledgee as proxy and attorney-in-fact of the Pledgor, with full power of substitution, to exercise the right to vote the Securities, which right shall become exercisable immediately upon an event of default under this agreement. The Pledgor hereby expressly acknowledges and agrees that the Pledgee may vote the Securities to remove the directors and officers of the Bank, and to elect new directors and officers thereof, which substitute directors and officers shall thereafter manage the affairs of the Bank in all respects, including operating its properties, carrying on its business and otherwise taking any action with respect to the business, properties and affairs of the Bank which such substitute directors and officers shall deem necessary or appropriate, including, but not limited to, the maintenance, repair, renewal or alteration of any or all of the properties of the Bank, the leasing, subleasing, sale or other disposition of any or all of such properties, the borrowing of money on the credit of the Bank, and the employment of attorneys, agents or other employees deemed by such new directors and officers to be necessary for the proper operation, conduct, winding up or liquidation of the business, properties and affairs of the Bank, and all revenues from any such operation, conduct, winding up or liquidation of the business, properties and affairs of the Bank after the payment of expenses thereof shall be applied to the payment of the Indebtedness. The Pledgor agrees that the proxy granted in this Section is coupled with an interest and is and shall be both valid and irrevocable so long as the Securities are subject to this Agreement. The Pledgor further acknowledges that the term of said proxy may exceed three years from the date hereof.

3

NEXT PAGE

          10.     Transfer of Securities. In addition to other rights and remedies hereunder provided, after occurrence of an event of default the Pledgee may transfer into its name, or into the name of its nominee or nominees, any or all of the Securities and, as provided in Section 9 of this Agreement, may vote any or all of the Securities (whether or not so transferred), and may otherwise act with respect thereto as though it were the outright owner thereof.

          11.     Notice. If any notification of intended disposition by the Pledgee of the Collateral, or any portion thereof, is required by law, such notification, if mailed, shall be deemed reasonably and properly given if mailed at least seven (7) days before such disposition, postage prepaid, addressed to the Pledgor at the address first above written or at such other address as the Pledgor may have provided the Pledgee.

          12.     Benefit and Binding Effect. This Agreement shall benefit and be binding upon the Pledgor and the Pledgee and their respective heirs, personal representatives, successors and assigns.

          INTENDING TO BE LEGALLY BOUND, the Pledgor hereby executes this Pledge Agreement as of the date first written above.

PLEDGOR:

4

NEXT PAGE

NEXT PAGE

NEXT PAGE

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]