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Inc. and Argo Partnership IL L P. (collectively, the "Joinder Parties") executed a
Joinder dated March 9, 1998 (the "Joinder").
1.4 Borrower has applied to Lender for a new loan in the amount of
$8,125,000.00 (the "Blackmer Loan"), the proceeds of which shall be used to acquire
certain real property located in Renton, Washington, known as Blackriver 800. Lender
15 not willing to make the Blackriver Loan to Borrower unless the Blackriver Loan is
cross -collateralized and cross -defaulted with the Loan. In exchange for such
cross-collateralization. Lender is willing fo grant to Borrower a longer time period to
draw on the Additional Leasing Holdback described in Section 2.6(3) of the Loan
Agreement.
1 5 Lender and Borrower hereby agree to make certain modifications
to the loan Dacuments. on the terms and subject to the conditions contained in this
Agreement.
2 No faults. Borrower hereby represents and warrants to Lender that no
fivenl of Default, breach or failure of condition has occurred, or would exist with
notice or the lapse of time or both, under any of the Loan Documents (as modified by
this Agreement). and that all represematn" s and warranlies herein and in the other
Loan Documents are rue and correct as of die date hereof
3. Rjo, is ca ron of Loan U
amended as follows ocumenJs. The Loan Documents are herebv
(a) tiew Dt:finitiorD. The following new definitions are added
to 'Section 1. I of the The
Agreement:
Blackriver Loan" means, that certain loan in the
principal amount of S8.125.000.f10 made by Lender to Borrower and secured, in
part. by the Blackriver Property.
Blackriver loan Documents" means, collectirdy. the
Loan Documents" defined in that certmo Loan Agreement between Borrower
and Lender dated August L, 1994
"Blackriver__prnp�rl�" means, the ofCce building known
as Blacknvcr 80C. Renton, Washington. as snore particularly described to the
Blackriver Loan Documents,
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