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ECONOMIC DEVELOPMENT MEMORANDUM OF UNDERSTANDING THIS ECONOMIC DEVELOPMENT MEMORANDUM OF UNDERSTANDING (this "MOU") is made and entered into as of the day of , 2012, by and between the SOUTH BEND REDEVELOPMENT COMMISSION (the "Commission"), organized and existing under Indiana Code Section 36-7-14, and F CUBED, LLC, an Illinois limited liability company ("F Cubed"). WITNESSETH: WHEREAS, the Commission, the governing body of the City of South Bend, Indiana, Redevelopment District and the City of South Bend, Indiana, Department of Redevelopment, exists and operates under the provisions of Indiana Code Section 36-7-14, as amended from time to time (the "Act"); and WHEREAS, the Commission desires to foster redevelopment and economic development within the City of South Bend, Indiana (the "City"); and WHEREAS, F Cubed is an emerging company engaged in the development of a technology created by the University of Notre Dame (the "University") for the rapid and direct detection of DNA to be utilized for identification of contaminated drinking water, medical diagnostics in retail medical clinics and homeland defense (the "Technology"); and WHEREAS, F Cubed has operations presently located at Innovation Park in the City (the "South Bend Operations"); WHEREAS, in order to more fully develop the Technology and expand its applications, F Cubed requires certain equipment, more particularly described in the attached Exhibit A (the "Equipment"), to be used in connection with the South Bend Operations; and WHEREAS, F Cubed has requested that the Commission provide a financial incentive in order to assist with the funding of a portion of the cost of the Equipment; and WHEREAS, F Cubed anticipates being located at Innovation Park or temporarily located elsewhere on University property but desires to locate at Ignition Park, a technology park under development in the City which is located in the Airport Economic Development Area (the "Area"); and WHEREAS, in order to facilitate the acquisition of the Equipment by F Cubed, the Commission has agreed to use its best efforts to take certain actions as described herein to pay for a portion of the costs of the Equipment pursuant to the Act, and F Cubed has agreed, in turn, to relocate its South Bend Operations to Ignition Park, promptly after the first multi-tenant facility development at Ignition Park is completed, all upon the terms and subject to the conditions set forth herein; and WHEREAS, to provide moneys to pay for a portion of the costs of the Equipment, upon the authorization of the Commission and such other procedures as are required by law, the BDDBO1 9491835v4