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REAL PROPERTY TRANSFER AGREEMENT <br />This Real Property Transfer Agreement is entered into as of June 5, 2025 (the "Effective <br />Date"), by and between the City of South Bend, acting by and through its Board of Public Works, <br />of 1300 N. County -City Building, 227 W. Jefferson Blvd., South Bend, Indiana 46601 (the "City") <br />and Advantix Development Corporation, an Indiana non-profit corporation, with its registered <br />address being 500 SE 10t' Street, Evansville, Indiana 47713 ("Advantix" or the "Organization") <br />(each a "Party," and together the "Parties"). <br />RECITALS <br />A. The City is a municipal corporation existing and operating pursuant to the laws of <br />the State of Indiana. <br />B. Advantix is an Indiana non-profit corporation organized exclusively to conduct, <br />support, encourage, and assist such charitable, educational, and other programs and projects as are <br />described both in Section 170(c)(2)(B) and 501(c)(3) of the Internal Revenue Code and is exempt <br />from federal income taxation under Section 501(c)(3) of the Internal Revenue Code. <br />C. The City owns the certain real property described in attached Exhibit A (the <br />"Property"). <br />D. The Organization desires to acquire ownership of the Property from the City. <br />E. Pursuant to I.C. 36-1-11-1(b)(7), a sale or lease of property by the City to an Indiana <br />non-profit corporation organized for educational, literary, scientific, religious, or charitable <br />purposes that is exempt from federal income taxation under Section 501 of the Internal Revenue <br />Code is not subject to the disposition requirements of I.C. 36-1-11. <br />F. The City, acting by and through the Board of Public Works, has determined that <br />conveying the Property to the Organization under the terms of this Agreement is in the best <br />interests of the residents of the City. <br />NOW, THEREFORE, in consideration of the mutual covenants stated herein, and other <br />good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, <br />the City and the Organization agree as follows: <br />1. Qualifications of Advantix. Advantix represents and warrants that (a) it is a non- <br />profit corporation organized under the laws of the State of Indiana; (b) Advantix's articles of <br />incorporation dated October 17, 2017 (the "Articles"), attached hereto as Exhibit B, have not been <br />superseded or amended and currently remain in full force and effect; and (c) Advantix is currently <br />exempt from federal income taxation as stated in the Internal Revenue Service letter dated <br />November 19, 2013, attached hereto as Exhibit C. <br />