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SUMMARY OF LEASE TERMS <br />1. Lessee: Curtis Products, Inc. <br />228 E. Bronson St. <br />South Bend, IN 46601 <br />2. Lessor: City of South Bend Redevelopment Commission <br />1200 County City Building <br />South Bend, IN 46601 <br />3. Premises: 401 N. Bendix Dr., South Bend, IN 46628. The property will include land and the <br />buildings as shown on Exhibit A commonly identified as Building 100 and <br />Building 101 consisting of approximately 283,076 square feet of manufacturing, <br />warehouse and office space, in Building 100 and approximately 77,230 square feet <br />of lab, testing and office space in Building 101, existing building systems and <br />other fixtures and equipment, and the other improvements at that site <br />4. Lease Term: <br />5. Base Rent <br />6. Operating <br />Expenses: <br />7, Target Date for <br />Possession and <br />Commencement <br />of Term: <br />In addition, Lessee shall, by way of an easement, have the use of the property north <br />of Bertrand St. and fronting on Goodland Ave. that currently houses the main <br />electrical supply to the building Such property is shown on Exhibit B. <br />Twelve (12) years <br />Months 1 - 24: <br />Years 2 - 7: <br />Years 8 - 12: <br />Abated <br />$1.70 per square foot nnn <br />$1.95 per square foot will <br />Commencing upon possession of the Premises, Lessee shall be responsible <br />for all operating expenses and maintenance associated with the buildings <br />and grounds including but not limited to utilities, insurance, property taxes, <br />maintenance of the grounds and parking lots, building systems such as <br />plumbing, electrical and mechanical system and roof and structure. <br />The sooner of IDEM granting the Comfort Letter referred to <br />