Confirming Tax Abatement - 211 N. Eddy Street - The South Bend Clinic, LLP, South Bend Mac, L.P. & Eddy Property Development, LLC

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Tax Abatement Schedule prepared for: 15-Jan-o7 THE SOUTH BEND CLINIC, LLP South Bend Porfage Township 3 Year Real Property Abatement Schedule* Total estimated Project Cost: $30,000,000 Base Assessed Value: $25,500,000 (base assessed value is estimated at 85% of project cost) Assume constant tax rate of: 5.1524% Assume constant SRTC of: 21.6906% Assessed Gross Less Net Percent Tax Tax Year Value Tax SRTC Tax Abated Abated Paid ~ 1 $25,500,000 $1,313,862 $284,985 $1,028,877 100% $1,028,877 $0 2 25,500,000 1,313,862 284,985 1,028,877 66% 679,059 349,818 3 25,500,000 1,313,862 284,985 1,028,877 33% 339,529 689,348 $3,086,631 $2,047,465 $1,039,166 Total Taxes Due During Abatement: Totai Taxes Abated During Abatement: Total Taxes Paid During Abatement: $3,086,631 2,047,465 1,039,166 * -This schedule is for estimation purposes only and assumes constant tax rates. The true tax values will ultimately be determined by the actual assessed valuation and the then current tax rates.