5A8 & 9 Assignment - Confirmation Agreements (Great Lakes Capital) - Signed

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Page 1 of 21 NORTHERN INDIANA REGIONAL DEVELOPMENT AUTHORITY REGIONAL ECONOMIC ACCELERATION AND DEVELOPMENT INITIATIVE SUBGRANT AGREEMENT This Regional Economic Acceleration and Development Initiative Subgrant Agreement (“Agreement”) is entered into as of November 18, 2024 (“Effective Date”), by and between the Northern Indiana Regional Development Authority, a Regional Development Authority organized under Indiana Code § 36-7.6-1 et seq. and the laws of the State of Indiana (the “RDA”), Great Lakes Capital Development, LLC, an Indiana limited liability company (the “Sponsor”) and GLC Madison Development Corp., an Indiana corporation (“Grantee”). WHEREAS, the Indiana Economic Development Corporation (the “IEDC”) is a pass- through subrecipient of federal monies granted from Coronavirus State Fiscal Recovery Funds to the State of Indiana (the “Federal Program”). WHEREAS, the RDA is a lower tier subrecipient under the Federal Program and has entered into a grant agreement with the IEDC, a copy of which is attached hereto as Exhibit “A” and made a part hereof (the “IEDC Agreement”), to enable the IEDC to award a grant of Fifty Million Dollars ($50,000,000.00) to the RDA (the “Grant”) for certain eligible costs to implement the RDA’s Regional Economic and Acceleration Development Initiative (“READI”), which includes awards to other public and private entities for the performance of a service or project. WHEREAS, Sponsor and Grantee have proposed the project as described on Exhibit “B” attached hereto and made a part hereof (“Project”) and the RDA wishes to provide a portion of the Grant funds to Grantee for Grantee to perform (or cause to be performed subject to this Agreement) the work necessary to complete such Project. WHEREAS, pursuant to the IEDC Agreement, the RDA has requested and received approval of Grant funds for the Project from the IEDC, in accordance with the Claim Form (as hereinafter defined) in the amount of ELEVEN MILLION SEVEN HUNDRED EIGHTY THOUSAND AND 00/100 DOLLARS ($11,780,000.00) (“Project Funds”). WHEREAS, Grantee requests that Project Funds be obtained and disbursed to Grantee to be utilized for the Project pursuant to the terms and conditions of this Agreement. WHEREAS, the RDA agrees to disburse Project Funds in accordance with this Agreement. WHEREAS, it is understood that Michiana Partnership, Inc. d/b/a South Bend-Elkhart Regional Partnership, an Indiana nonprofit corporation (the “Administrator”), will provide administrative and operational assistance to the RDA in regard to certain of the RDA’s obligations under the IEDC Agreement and this Agreement, including distribution of Project Funds, all in accordance with that certain Contract for Services dated May 26, 2022 by and between the RDA and the Administrator, as amended by that certain First Amendment of Contract for Services dated February 1, 2022, and as amended by that certain Second Amendment of Contract for Services dated August 1, 2022 (collectively the “Administrative Agreement”). NOW, THEREFORE, in consideration of the mutual promises herein contained and other