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MANAGEMENT SERVICES AGREEMENT This Management Services Agreement(this"Agreement")is made as of the day of December 2012, by and between the CITY OF SOUTH BEND,DEPARTMENT OF REDEVELOPMENT, ("Owner") and CRESSY&EVERETT MANAGEMENT CORP.,an Indiana corporation ("Manager")with reference to the following facts: A. Owner is the owner of the buildings located at 401 N.Bendix,South Bend,Indiana(the "Buildings"). Any reference to"Property"in this Agreement shall be deemed to the Buildings and the accompanying land. B. Manager represents that it is in the business of managing properties similar to the Property and possesses the skills and experience necessary for the efficient,professional management of the Property. C. Owner desires to engage the services of Manager in connection with managing the Property and Manager desires to provide such services to Owner. b: Now therefore,in consideration of the following promises,obligations and agreements,Owner and Manager agree as follows: ARTICLE 1-BASIC TERMS 1.1 Effective Date. Managers appointment under Article 11 shall become effective as of January 1,2013 (the"Effective Date"). ; -. 4.4 1.2 Term. The term of this Agreement shall`comnierlce on the Effective Date and shall continue for a period of four(4)months,and thereafter the term shall be automatically renewed for additional periods of one month each subject at all times to the rights of termination set forth in Article IX. 1.3 Limits on Non-Emergency Purchase and Repairs. The limit on the amount Manager may incur for non-emergency purchases or repairs under Section 3.4 is Five Thousand Dollars($5.000.00). Owner's prior written approval is required under'Section 3.4 for any contract for more than Five Thousand Dollars($5"".000.00). 1.4 Address of Owner Unless changed by written notice to Manager, the address of Owner for notices under Section 10.2 shall be: . City of South Bend,Department of Redevelopment Attn: Don Inks County City Building 227 W.Jefferson Blvd. S uite 1200 S South Bend„IN 46601 ,. 1.5 Address of Manager. Unless changed by written notice to Owner,the address of Manager for notices under Section 10.2 shall be: Cressy&Everett Management Corp. Attn: Robert E.Dunbar,Jr.,COO 4100 Edison Lakes Parkway, Suite 350 Mishawaka,IN 46545 1.6 Fees. Subject to Article VIII.the management fee payable to Manager for its services under this Agreement shall be six hundred($600.00)dollars per month. In addition to this monthly management fee,Manager will invoice Owner on a monthly basis for facility maintenance services provided by its technicians at the then current rates. Page 1 of 10