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PARKING EASEMENT AGREEMENT This PARKING EASEMENT AGREEMENT (the "Agreement "), executed as of the day of , 2012, by and between the City of South Bend, Indiana, acting by and through its Redevelopment Commission ( "Redevelopment "), the City of South Bend, Indiana, acting by and through its Board of Public Works ( "Public Works ") and the City of South Bend, Indiana, acting by and through its Park Board ( "Parks ") (collectively, the "City ") and the South Bend Silver Hawks (the "Silver Hawks "). WHEREAS, the City is the owner of several surface parking lots (The "Parking Lots ") around and in the vicinity of Coveleski Stadium (the "Stadium "), located within the City of South Bend, Indiana, and more particularly described in Exhibit A and depicted in the "Coveleski Stadium Parking Map" attached hereto and incorporated herein; and WHEREAS, the Stadium has been recently renovated by the City, making the Stadium a more Family Friendly facility; and WHEREAS, the Silver Hawks are now under new management and are embarking upon a vigorous marketing campaign to increase attendance at Silver Hawks games being played in the Stadium; and WHEREAS, the Silver Hawks anticipate needing additional parking for its employees and fans incidental to this increased attendance; and WHEREAS, the City is willing to facilitate the Silver Hawks' need for additional parking and the use of the Real Estate under certain terms and conditions. NOW, THEREFORE, in consideration of the foregoing premises, the mutual covenants set forth in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the City and the Silver Hawks agree as follows: ARTTCT.R T Easement, Signage and Maintenance 1.1 Commencing on April 1, 2012, the City grants to the Silver Hawks easements over and upon each of the Parking Lots (the "Parking Lot Easements ") (as described in Exhibit A and depicted in the "Coveleski Stadium Parking Map "), for the purpose of parking, for a period of one (1) year (the "Easement Term "). The grant of each of the Parking Lot Easements is subject to the terms and conditions stated in Exhibit A. At the end of the Easement Term, the City and the Silver Hawks shall: (a) renew the Parking Easement Agreement for an additional term of one (1) year (the "Extended Easement Term "); or (b) identify alternate parking for the Silver Hawks' use during the Extended