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OPTION EXTENSION AGREEMENT <br />THIS OPTION EXTENSION AGREEMENT is made on June 2011 by <br />CITY OF SOUTH BEND, DEPARTMENT OF REDEVELOPMENT, ACTING BY <br />AND THRPOUGH THE SOUTH BEND REDEVELOPMENT COMMISSION (the <br />"Seller ") and CE CAPITAL GROUP,LLC (the "Purchaser "). <br />Seller and Purchaser entered into an OPTION CONTRACT on August 27, 2007 whereby <br />Purchaser was granted an option from that date for a period of five years concerning the <br />purchase of certain real property located in Blackthorn Corporate Park. <br />The parties now wish to extend the Option Period referenced in paragraph 2 of the <br />OPTION CONTRACT for an additional period of three years upon the same terms and <br />conditions as set forth in the original agreement between the parties. The new expit•ation <br />date of the OPTION CONTRACT shall be August 27, 2015. <br />All other terms and conditions in the original OPTION CONTRACT remain unchanged <br />and are hereby reaffirmed. <br />SELLER <br />CITY OF SOUTH BEND OF REVELOPMENT, <br />ACTING BY AND THROUGH THE <br />REVELOPMENT COMMISSION. <br />By: <br />Its President <br />PURCHASER <br />CE CAP GR P` By: <br />George Cressy <br />Its Manager <br />