Addendum #4 to Buy and Sell Agreement between Community Shores Bank and Baumgardner-Hogan Real Estate, LLC

Summary

This addendum, dated September 6, 2006, modifies a previous Buy and Sell Agreement dated October 31, 2005, between Community Shores Bank (buyer) and Baumgardner-Hogan Real Estate, LLC (seller) for property in Muskegon County, Michigan. The main change is an extension of the closing date to on or before October 6, 2006. Both parties acknowledge and accept this amendment by signing the document.

EX-10.1 2 k08750exv10w1.txt ADDENDUM #4 TO BUY AND SELL AGREEMENT Exhibit 10.1 ADDENDUM # 4 LOGO LOGO Office of COLBURN HUNDLEY, INC., REALTOR GRAND RAPIDS (city), Michigan Phone: 616 ###-###-#### Fax: 616 ###-###-#### Email: ***@*** Date: September 6, 2006 (time) - -------------------------------------------------------------------------------- 1. ADDENDUM TO AGREEMENT DATED October 31, 2005 covering property commonly know as: Lots 43-48, inclusive, Shady Park, as recorded in Liber 9 of Plats, Page 54, Muskegon County Records, situated in the County of Muskegon, MI Permanent Parcel Number ___________________________________________________ 2. THIS ADDENDUM TO BE AN INTEGRAL PART OF THE AGREEMENT, WHICH IS AMENDED AS FOLLOWS: Buyer and Seller agree to extend the closing date to occur on or before October 6, 2006. 3. BY SIGNING BELOW BUYER / TENANT ACKNOWLEDGES HAVING READ AND RECEIVED A COPY OF THIS AGREEMENT. Witness: Entity: COMMUNITY SHORES BANK ------------------------ Buyer's Address: By: /S/ Heather D. Brolick ---------------- ---------------------------------------- (Note: Please sign as you wish your name - --------------------------------- to appear on the final papers.) Printed name of Signatory: Heather Brolick Its: President 4. BY SIGNING BELOW SELLER / LANDLORD ACKNOWLEDGES HAVING READ AND RECEIVED A COPY OF THIS AGREEMENT. Witness: Entity: Baumgardner-Hogan Real Estate, LLC ------------------------ Buyer's Address: By: /S/ Larry Baumgardner ---------------- ---------------------------------------- (Note: Please sign as you wish your name - --------------------------------- to appear on the final papers.) Printer name of Signatory: Larry Baumgardner Its: Member LOGO