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EQUIPMENT LEASE AGREEMENT <br /> THIS EQUIPMENT LEASE AGREEMENT (this "Lease") is made as of the day of <br /> , 2012, by and between the SOUTH BEND REDEVELOPMENT COMMISSION <br /> ("Lessor"), organized and existing under Indiana Code 36-7-14, and F CUBED, LLC, an Illinois <br /> limited liability company ("Lessee"), having an office located in South Bend, Indiana. <br /> RECITALS <br /> A. Lessor, the governing body of the City of South Bend, Indiana, Redevelopment <br /> District and the City of South Bend, Indiana, Department of Redevelopment, exists and operates <br /> under the provisions of Indiana Code Section 36-7-14, as amended from time to time(the "Act"). <br /> B. Lessor desires to foster redevelopment and economic development within the City <br /> of South Bend, Indiana (the "City"). <br /> C. Lessee is an emerging company engaged in the development of a technology <br /> created by the University of Notre Dame (the "University") for the rapid and direct detection of <br /> DNA to be utilized for identification of contaminated drinking water, medical diagnostics in <br /> retail medical clinics and homeland defense (the "Technology"). <br /> D. Lessee has operations presently located at Innovation Park in the City (the "South <br /> Bend Operations"). <br /> E. In order to more fully develop the Technology and expand its applications, Lessee <br /> requires the Equipment (as defined below), to be used in connection with the South Bend <br /> Operations. <br /> F. Lessee anticipates being located at Innovation Park or temporarily located <br /> elsewhere on University property but desires to locate at Ignition Park, a technology park under <br /> development in the City which is located in the Airport Economic Development Area. <br /> G. Lessor owns the Equipment (as defined below) described on the attached <br /> Schedule A. <br /> H. As a material inducement for Lessor to enter into this Lease upon the terms <br /> provided herein, and in connection with that certain Economic Development Memorandum of <br /> Understanding dated , 2012, by and between Lessor and Lessee (the <br /> "MOU"), Lessee has agreed to relocate its South Bend Operations to Ignition Park, promptly <br /> after the first multi-tenant facility development at Ignition Park is completed, upon the terms and <br /> subject to the conditions set forth herein and in the MOU. <br /> 1. In connection with the foregoing, Lessee now desires to lease the Equipment from <br /> Lessor, and Lessor now desires to lease the Equipment to Lessee, upon the terms and subject to <br /> the conditions set forth in this Lease. <br /> S DDB01 9491441v5 <br />