Document:

LOAN AGREEMENT

 

THIS LOAN AGREEMENT
is executed as of March 6, 2013 (the "Closing Date"), by FIRST INTERNET BANCORP, an Indiana corporation (together
with its successors and assigns, the "Borrower"), and FIRST INTERNET BANK OF INDIANA (together with its
successors and assigns, the "Lender").

 

Recitals

 

Borrower has requested
that Lender provide the credit facilities described in this Agreement, and Lender is willing to make credit facilities available
to Borrower on the terms and subject to the conditions set forth herein.

 

Agreement

 

In consideration of
the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows:

 

ARTICLE
I

 

Definition of
Terms

 

Section
1.01.         Accounting Terms/Financial Statements. All accounting
and financial terms used in this Agreement are used with the meanings such terms are given in accordance with GAAP, except as
may be otherwise specifically provided in this Agreement.

 

Section
1.02.         Definitions. The following terms have the meanings
indicated when used in this Agreement with the initial letter capitalized:

 

"Advance"
means a disbursement of proceeds of one of the Loans as contemplated in this Agreement.

 

"Affiliate"
means, with respect to any Person, any officer, shareholder, member, partner or director of such Person, and any Person that, directly
or indirectly, Controls, is Controlled by or is under common Control with such Person.

 

"Agreement"
means this Loan Agreement, as amended, modified, supplemented and/or restated from time to time and at any time.

 

"Approved Lease"
means a new Lease entered into by Borrower and an unaffiliated third party after the Closing Date, which has been provided to Lender
and Lender has approved such new Lease in writing in all respects.

 

"Authorized
Officer" means an officer of Borrower identified by Borrower from time to time as having authority to act on Borrower's
behalf.

 

"Banking Day"
means a day on which the principal offices of Lender in the City of Indianapolis, Indiana, are open for the purpose of conducting
substantially all of Lender's business activities.

 

    	1

    	 

    

 

"Basis Point"
means one one-hundredth of one percent (.01%) and, when used in the plural, such term means the number of basis points indicated.

 

"Board"
means the Board of Governors of the Federal Reserve System of the United States of America.

 

"Borrower"
has the meaning ascribed to such term in the preamble.

 

"Building"
means the approximately 54,450 square foot office facility constructed on the Land.

 

"Closing Date"
has the meaning ascribed to such term in the preamble.

 

"Code"
means the Internal Revenue Code of 1986, as amended.

 

"Control"
and its grammatical variations means, with respect to any Person, the ability, through the ownership of securities or contract
rights, to set and determine the management, policies and day-to-day actions of another Person.

 

"Debt"
means, with reference to any Person, as of any date, without duplication: (a) all indebtedness, liabilities and obligations
of such Person for borrowed money and its redemption obligations in respect of mandatorily redeemable preferred stock; (b) obligations
of such Person to pay the deferred purchase or acquisition price of property (tangible or intangible, real or personal) or services,
other than trade accounts payable (if not for borrowed money) arising, and accrued expenses incurred, in the ordinary course of
business; (c) all obligations of such Person appearing as a liability on its balance sheet in accordance with GAAP in respect
of capital leases; (d) all obligations, indebtedness and liabilities which are secured by any Lien on any asset of such Person,
whether or not the obligation, indebtedness or liability secured thereby shall have been assumed by such Person; (e) all obligations
for any interest rate agreements of such Person; and (f) all obligations, indebtedness and liabilities of others similar in
character to those described in clauses (a) through (e) of this definition for which such Person is liable, contingently or
otherwise, as obligor, guarantor or in any other capacity, or in respect of which obligations, indebtedness or liabilities such
Person assures a creditor against loss or agrees to take any action to prevent any such loss (other than endorsements of negotiable
instruments for collection in the ordinary course of business), including, without limitation, all reimbursement obligations of
such Person in respect of letters of credit, surety bonds or similar obligations and all obligations of such Person to advance
funds to, or to purchase assets, property or services from, any other Person in order to maintain the financial condition of such
other Person. Debt of any Person shall include all obligations of such Person of the character described in clauses (a) through
(f), above, to the extent such Person remains legally liable in respect thereof notwithstanding that any such obligation is deemed
to be extinguished under GAAP.

 

"Default Rate"
means the Note Rate plus six hundred (600) Basis Points per annum. Any rounding will be rounded up to the nearest one-eighth
of one percent (0.125%).

 

"Equity Interest"
means (a) in the case of a corporation, corporate stock, (b) in the case of an association or business entity, any and
all shares, interests, participations, rights or other equivalents (however designated) of corporate stock, (c) in the case
of a partnership, partnership interests (whether general or limited), (d) in the case of a limited liability company, membership
interests and/or units, (e) any other interest or participation that confers on a Person the right to receive a share of the
profits and losses of, or distributions of assets of, the issuing Person and (f) all warrants, options or other rights to acquire
any of the interests described in clauses (a) through (e) (but excluding any debt security that is convertible into, or exchangeable
for, any of the interests described in clauses (a) through (e)).

 

    	2

    	 

    

 

"Event of Default"
has the meaning ascribed to such term in Section 7.01 of this Agreement.

 

"Financial
Statements" includes, but is not limited to, balance sheets, profit and loss statements and cash flow statements, prepared
in accordance with GAAP.

 

"GAAP"
means generally accepted accounting principles in the United States of America as in effect from time to time, which shall
include the official interpretations thereof by the Financial Accounting Standards Board, consistently applied and for the period
as to which such accounting principles are to apply.

 

"Governmental
Authority" means any nation or government, any state or other political subdivision thereof, and any entity exercising
executive, legislative, judicial, regulatory, or administrative functions or pertaining to government.

 

"Highest Lawful
Rate" means the maximum rate of interest which may be charged Borrower by Lender under applicable state or federal usury
law or regulation or any other law or regulation, however characterized, limiting the rate of interest which may be charged in
connection with loans.

 

"Improvements"
means the Building and all other structures, paving, lighting, landscaping, utility lines, site improvements, equipment and other
improvements located or constructed on the Land.

 

"Investment"
means, with respect to any Person, (a) any purchase or other acquisition by that Person of any Debt, Equity Interests or other
securities, or of a beneficial interest in any Debt, Equity Interests or other securities, issued by any other Person, (b) any
purchase by that Person of all or substantially all of the assets of a business conducted by another Person and (c) any loan,
advance (other than deposits with financial institutions available for withdrawal on demand, prepaid expenses, accounts receivable,
advances to employees and similar items made or incurred in the ordinary course of business) or capital contribution by that Person
to any other Person, including all Debt to such Person arising from a sale of property by such Person other than in the ordinary
course of its business.

 

"Land"
means that certain parcel of real property consisting of approximately 12.266 acres, located in Hamilton County, Indiana, and
legally described on Exhibit A attached hereto and made a part hereof.

 

"Lease"
means any lease, license, occupancy agreement or similar agreement or arrangement for the occupancy or use of space with respect
to any portion of the Project, and all guaranties and similar agreements with respect thereto.

 

"Lender"
has the meaning ascribed to such term in the preamble.

 

"Lien"
means any mortgage, security interest, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or
otherwise) or other security interest or preferential arrangement of any kind or nature whatsoever (including, without limitation,
any conditional sale or other title retention agreement, any financing or similar statement or notice filed under the Uniform Commercial
Code as in effect in any jurisdiction, or any other similar recording or notice statute, and any lease having substantially the
same effect as the foregoing, but excluding any equipment operating leases and any precautionary filings related thereto).

 

    	3

    	 

    

 

"Loan Documents"
means, collectively, this Agreement, the Notes, the Security Instrument, and all other instruments, agreements and documents executed
and delivered or to be delivered by Borrower or any guarantor pursuant to or by virtue of this Agreement, and any and all interest
rate agreements which at any time from and after the Closing Date may be made between Borrower and Lender, as each of the foregoing
may be amended, modified, extended, renewed, supplemented and/or restated from time to time and at any time, and, when used in
the singular form, means any of the Loan Documents, as the context requires.

 

"Loans"
means the Term Loan and any and all other loans and financial accommodations from Lender to Borrower whether now or hereafter existing
and however evidenced, including, without limitation, those loans and financial accommodations described herein; "Loan"
means each of the Loans individually.

 

"Loan to Value
Covenant" has the meaning set forth in Section 5.01(j) of this Agreement.

 

"Material Adverse
Effect" means any event, circumstance or condition that could reasonably be expected to cause or result in a material
adverse effect on (a) the business, operations, financial condition or properties of Borrower, (b) the ability of Borrower
to pay or perform the Obligations, (c) the Project or any portion thereof, (d) the validity or enforceability of any of the
Loan Documents, or any material provision thereof or any transaction contemplated thereby, or (e) the rights and remedies
of Lender under any of the Loan Documents.

 

"Maturity Date"
means the earlier of (a) March 6, 2014, or (b) that date upon which Lender accelerates payment of any or all of the Loans
in accordance with the terms of this Agreement.

 

"Note Rate"
has the meaning ascribed to such term in Section 2.01(c)(1) of this Agreement.

 

"Notes"
means the Term Note and any and all other notes now or hereafter existing that evidence any Loan, and "Note" means
each of the Notes individually.

 

"Obligations"
means all present and future indebtedness, obligations and liabilities, and all renewals and extensions thereof, now or hereafter
owed to Lender by Borrower, whether arising under, by virtue of or pursuant to this Agreement, the Notes, any other Loan Documents
or otherwise (including, without limiting the generality of the foregoing, all indebtedness, obligations and liabilities hereafter
arising by virtue of or in connection with any extensions of credit by Lender or any Affiliate of Lender to Borrower unrelated
to and not made under this Agreement, and overdrafts and ACH exposure relating to any account maintained by Borrower with Lender
or any Affiliate of Lender), together with all costs, expenses and reasonable attorneys' fees incurred by Lender or any Affiliate
of Lender in the enforcement or collection thereof, whether such indebtedness, obligations and liabilities are direct, indirect,
fixed, contingent, liquidated, unliquidated, joint, several, joint and several, now exist or hereafter arise, or were, prior to
acquisition thereof by Lender or any Affiliate of Lender, owed to some other Person.

 

"Officer's
Certificate" means a certificate in the form of Exhibit B attached hereto, or in such other form as Lender
may reasonably request from time to time, signed by an Authorized Officer.

 

"Permitted
Liens" has the meaning ascribed to such term in Sections 5.02(a) of this Agreement.

 

"Person"
means an individual, a corporation, a limited or general partnership, a limited liability company, a joint venture, a trust or
unincorporated organization, a joint stock company or other similar organization, a government or any political subdivision thereof,
a court, or any other legal entity, whether acting in an individual, fiduciary or other capacity.

 

    	4

    	 

    

 

"Prime Rate"
means a variable per annum rate of interest equal at all times to the "Prime Rate" as published in The Wall Street Journal
from time to time. If more than one Prime Rate is published in The Wall Street Journal for a day, the average of such "Prime
Rates" shall be used. If The Wall Street Journal ceases to publish the Prime Rate, Lender shall select an equivalent publication
that publishes such Prime Rate, and if such Prime Rates are no longer generally published or are limited, regulated or administered
by a governmental or quasi-governmental body, then Lender shall select, in its reasonable discretion, a comparable interest rate
index.

 

"Project"
means the Land, the Building and the Improvements being operated by Borrower as an office park, and located at 11201 USA Parkway,
Fishers, Indiana.

 

"Section 23A"
has the meaning set forth in Section 5.01(j) of this Agreement.

 

"Secured Property"
means the Project and all property and interests in property now owned or hereafter acquired by Borrower in or upon which a security
interest, lien or mortgage is granted to Lender, whether under the Security Instrument or under any of the other Loan Documents.

 

"Security Instrument"
means the Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing dated as of the date hereof, executed
by Borrower in favor of Lender, as the same may be amended, modified, supplemented and or restated from time to time and at any
time.

 

"Service"
means the Internal Revenue Service.

 

"Term Loan"
has the meaning ascribed to such term in Section 2.01 of this Agreement.

 

"Term Note"
has the meaning ascribed to such term in Section 2.01(b) of this Agreement.

 

"Unmatured
Event of Default" means any event specified in Section 7.01 of this Agreement which event is not initially an Event
of Default, but which would, if uncured, become an Event of Default with the giving of notice or the passage of time or both.

 

"Voting Interests"
means all classes of Equity Interests of Borrower then outstanding and normally entitled (without regard to the occurrence of any
contingency) to vote pursuant to the terms of Borrower's articles of organization and operating agreement.

 

Section
1.03.         Construction of Terms. The foregoing definitions
shall be equally applicable to both the singular and plural forms of the defined terms and any pronoun shall include the corresponding
masculine, feminine, or neuter forms. Unless otherwise specified herein, each Schedule and Exhibit referred to in this Agreement
is attached hereto, and each such Schedule and Exhibit is hereby incorporated in this Agreement and made a part hereof. Except
as otherwise expressly provided, references in this Agreement to Articles, Sections, paragraphs, clauses, annexes, appendices,
Exhibits and Schedules are references to Articles, Sections, paragraphs, clauses, annexes, appendices, Exhibits and Schedules
in or to this Agreement, unless a different document is expressly specified.

 

    	5

    	 

    

 

ARTICLE
II

 

Borrowing Terms

 

Section
2.01.         Term Loan. Provided that all of the conditions of
lending set forth in this Agreement and the other Loan Documents have been performed and fulfilled to Lender's satisfaction, and
subject to and in accordance with the terms of this Agreement and in reliance upon the representations, warranties, covenants,
and agreements of Borrower made in this Agreement and the other Loan Documents, Lender agrees to lend to Borrower, and Borrower
agrees to borrow from Lender, a term loan (the "Term Loan") on the Closing Date on the following terms:

 

(a)          Amount.
The principal amount of the Term Loan shall be the sum of Four Million and 00/100 Dollars ($4,000,000.00).

 

(b)          Term
Note. The obligation of Borrower to repay the Term Loan shall be evidenced by a promissory note in form and substance acceptable
to Lender (as the same may hereafter be amended, extended, renewed, replaced and/or restated from time to time and at any time,
the "Term Note").

 

(c)          Interest
on Term Loan. The principal balance of the Term Loan outstanding from time to time shall bear interest as follows:

 

(1)         until
the Maturity Date or an Event of Default, at a floating rate of interest per annum equal to the Prime Rate plus one percent
(the "Note Rate"); and

 

(2)         after
the Maturity Date or an Event of Default, at a rate per annum equal to the Default Rate, but in no event more than the Highest
Lawful Rate.

 

(d)          Repayment
of Term Loan. Borrower shall make the following payments with respect to the Term Loan:

 

(1)         On
the Closing Date, Borrower shall pay in advance all interest which will accrue on the Term Loan from the Closing Date through the
end of the calendar month in which the closing occurs. Interest on the principal amount of the Term Loan outstanding hereunder
accrued through the last day of the prior calendar month shall be payable monthly in arrears on or before the first day of the
second full calendar month after the Closing Date and on or before the first day of each successive calendar month continuing thereafter
until the Maturity Date.

 

(2)         Borrower
shall pay the entire unpaid principal balance of the Term Loan and all unpaid, accrued interest thereon in full on the Maturity
Date without demand.

 

(3)         After
the Maturity Date, Borrower shall pay interest at the Default Rate as accrued and without demand.

 

(e)          Use
of Proceeds of the Term Loan. The proceeds of the Term Loan shall be used by Borrower to finance the acquisition of the Secured
Property.

 

(f)          Prepayment.
Borrower may prepay all or any portion of the principal of the Term Loan with three (3) Banking Days' prior written notice to Lender
without any prepayment premium, fee or penalty.

 

    	6

    	 

    

 

Section
2.02.         Provisions Applicable to All Obligations. The following
provisions shall be applicable to all of the Obligations:

 

(a)          Calculation
of Interest. Interest on all Obligations shall be determined for the actual days elapsed on the basis of a three hundred sixty
(360) day year. Interest shall accrue from and including the date of any Advance to but excluding the date of any repayment thereof.
When the Prime Rate changes, the Note Rate will change automatically without notice to the Borrower, effective on the date of any
such change.

 

(b)          Manner
of Payment – Application. All payments of principal and interest on the Loans shall be payable at the principal office
of Lender in Indianapolis, Indiana, in funds available for Lender's immediate use in that city or at such other location as Lender
my direct in writing. No payment will be considered to have been made until received in such funds. Unless otherwise agreed to
in writing by Lender or otherwise required by applicable law, payments will be applied first to any unpaid collection costs, late
charges and other charges, then to accrued, unpaid interest and then to principal; provided however, during the continuance of
an Event of Default, Lender reserves the right to apply payments among principal, interest, late charges, collection costs and
other charges at its sole discretion. All prepayments shall be applied to the indebtedness owing hereunder in such order and manner
as Lender may from time to time determine in its sole discretion.

 

(c)          Automatic
Debit. Lender may without further authority debit when due all payments of principal and interest or any other Obligations
due and payable by Borrower under the terms of this Agreement or any other Loan Document to any deposit account maintained with
Lender by Borrower.

 

(d)          Unconditional
Obligations and No Deductions. Borrower's obligation to make all payments provided for in this Agreement and the Notes shall
be unconditional. Each such payment shall be made without relief from valuation and appraisement laws and without deduction for
any claim, defense or offset of any type, including, without limitation, any withholdings and other deductions on account of income
or other taxes and regardless of whether any claims, defenses or offsets of any type exist.

 

(e)          Payment
on Non-Banking Days. Whenever any payment to be made under this Agreement or the other Loan Documents shall be stated to be
due on a day other than a Banking Day, such payment may be made on the next succeeding Banking Day, and such extension of time
shall in such case be included in the computation of payment of fees, if any, and interest under this Agreement and the other Loan
Documents.

 

(f)          Additional
Amounts Payable. If any change or the enactment, adoption or judicial or administrative interpretation of any law, regulation,
treaty, guideline or directive (including, without limitation, Regulation D of the Board): (1) subjects Lender to any additional
tax, duty, charge, deduction or withholding with respect to the Loans (other than a tax measured by the net or gross income of
Lender); (2) imposes or increases any reserve, special deposit or similar requirement on account of the Loans not otherwise
provided in this Agreement; or (3) imposes increased minimum capital requirements on Lender on account of its issuing or maintaining
the Loans; and if any of the foregoing (A) results in any increase to Lender in the cost of issuing or maintaining the Loans,
or making any payment on account of the Loans, (B) reduces the amount of any payment receivable by Lender under this Agreement
with respect to the Loans, (C) requires Lender to make any payment calculated by reference to the gross amount of any sum
received or paid by Lender pursuant to the Loans, or (D) reduces the rate of return on Lender's capital to a level below that
which Lender could otherwise have achieved (taking into consideration Lender's policies with respect to capital adequacy), then
Borrower shall pay to Lender, as additional compensation for the Loans, such amounts as will compensate Lender for such increased
costs, payments or reductions. Within twenty (20) days after Lender's initial demand therefor and presentation by Lender
of a certificate to Borrower containing a statement of the cause of such increased costs, payments or reductions and a calculation
of the amounts thereof (which statement and calculation shall be presumed prima facie to be correct), Borrower shall pay
the additional amount payable measured from the date such change, enactment, adoption or interpretation first affects Lender.

 

    	7

    	 

    

 

(g)          Late
Fee. If a payment is five (5) days or more past due, Lender may charge Borrower a fee equal to five percent (5%) of the unpaid
portion of such late payment. Lender's right to charge Borrower a late fee pursuant to this Section is in addition to, and not
in lieu of, any other rights or remedies that Lender may have as a result of such late payment, including the implementation of
the Default Rate.

 

ARTICLE
III

 

Representations
and Warranties

 

Section
3.01.         Representations and Warranties. To induce Lender
to make the Loans, Borrower represents and warrants to Lender as follows:

 

(a)          Existence
and Authority. Borrower is an Indiana corporation duly organized and validly existing under the laws of the State of Indiana.
Borrower is qualified to do business in the state where the Project is located and every other jurisdiction in which: (1) the
nature of the business conducted by it or the character or location of properties owned or leased by it, or the residences or activities
of its employees, make such qualification necessary; and (2) failure so to qualify could be reasonably expected to cause or
result in a Material Adverse Effect. To Borrower's knowledge, no jurisdiction in which Borrower is not qualified to do business
has asserted that Borrower is required to be qualified therein. The principal place of business of Borrower is as stated in Section
8.02 hereof.

 

(b)          Authorization/No
Conflict. The execution and delivery of this Agreement, the borrowings hereunder, the execution and delivery of all of the
other Loan Documents and the performance by Borrower of its obligations under this Agreement and all of the other Loan Documents
are within the organizational powers of Borrower, have been duly authorized, have received any required governmental or regulatory
agency approvals and do not and will not materially contravene or conflict with any provision of law or of the Articles of Incorporation
or Bylaws of Borrower or of any agreement binding upon Borrower.

 

(c)          Validity
and Binding Nature. This Agreement and all of the other Loan Documents to which Borrower is a party are the legal, valid and
binding obligations of Borrower, enforceable against Borrower in accordance with their respective terms, except to the extent that
enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium and other laws enacted for the relief
of debtors generally and other similar laws affecting the enforcement of creditors' rights generally or by equitable principles
which may affect the availability of specific performance and other equitable remedies.

 

(d)          Financial
Statements of Borrower. All Financial Statements delivered by Borrower to Lender present fairly the financial position of Borrower
as of the date thereof and the results of Borrower's operations for the periods covered, and since the date of the most current
Financial Statements provided to Lender there has been no material adverse change in the financial position of Borrower.

 

(e)          Litigation
and Contingent Liabilities. No litigation, arbitration proceedings or governmental proceedings are pending, or, to the best
of Borrower's knowledge, threatened, against Borrower, which would, if adversely determined, cause or result in a Material Adverse
Effect. Borrower has no material, contingent liabilities not provided for or disclosed in the Financial Statements referred to
in Section 3.01(d), above. There are no pending and, to Borrower's actual knowledge, threatened, civil, criminal or administrative
proceedings affecting the Project relating to environmental matters.

 

    	8

    	 

    

 

(f)          Project.
Borrower owns good and marketable fee simple title to the Land, Building and Improvements. None of the assets of Borrower are subject
to any Lien (including, without limitation, any seller's or vendor's lien or right of reclamation), except for Permitted Liens.
The Project was constructed and remains in full compliance with all applicable laws, rules, regulations and ordinances, including,
without limitation, all applicable zoning and land use laws, rules, regulations and ordinances. All permits, licenses, approvals
and similar authorizations from Governmental Authorities required or advisable in connection with the ownership, use and operation
of the Project have been obtained by Borrower and remain in full force and effect. No eminent domain, condemnation or similar proceeding
by any Governmental Authority is pending, or, to Borrower's actual knowledge, threatened, which would affect any portion of the
Project. No Lien, easement or similar encumbrance affects any portion of the project, except for Permitted Liens and those exceptions
to title set forth in the lender's policy of title insurance provided by Borrower to Lender in connection with the Loans. The Project
enjoys full and unencumbered rights of access to and from one or more publicly-dedicated and publicly-maintained roads, and to
Borrower's knowledge no condemnation, eminent domain or other proceeding is pending or threatened with respect to such roads (including,
without limitation, with respect to the relocation of such roads), or which would impair or deny access between the Project and
such roads. The Project has adequate water, sanitary sewer, storm sewer, gas, electrical and other public utilities to service
its current and contemplated use and operation. No portion of the Building or the Improvements encroaches upon any building line,
setback line, side yard line or any recorded or visible easement, and no improvements located on adjacent land encroach upon any
portion of the Land. The Project is taxed separately without regard to any other property, and for all purposes the Project may
be mortgaged, conveyed and otherwise dealt with as an independent parcel.

 

(g)          ERISA.
Borrower is in compliance with all the requirements under the Employee Retirement Income Security Act of 1974, as amended.

 

(h)          Payment
of Taxes. Borrower has filed all federal, state and local tax returns and tax related reports which it is required to file
by any statute or regulation and all taxes and any tax related interest payments and penalties that are due and payable have been
paid, except for such as are being contested in good faith and by appropriate proceedings with Lender's written consent and as
to which appropriate reserves, as determined by Lender, have been established. Adequate provision has been made by Borrower for
the payment when due of all tax liabilities which have been incurred, but are not as yet due and payable. Borrower knows of (1) no
proposed material tax assessment against Borrower, or of Borrower's property for which adequate provision has not been made on
its books in accordance with GAAP, or (2) no basis upon which the Service or any other Governmental Authority could, in respect
of years for which returns have been filed, successfully assert a tax deficiency which in conformity with GAAP would cause or result
in a Material Adverse Effect and which has not been adequately reserved for by it.

 

(i)          Labor
Matters. As of the Closing Date, Borrower is not a party to any collective bargaining agreement. As of the Closing Date, no
attempt to organize the employees of Borrower, and no labor disputes, strikes or walkouts affecting the operations of Borrower
is pending, or, to Borrower's knowledge, threatened, planned or contemplated.

 

(j)          Fiscal
Year/EIN. The fiscal year of Borrower ends on December 31. Borrower's tax identification number is 20-348991.

 

    	9

    	 

    

 

(k)          Regulations
U. Borrower shall not use all or any portion of the proceeds of any credit
extended under this Agreement to purchase or carry margin stock.

 

(l)          Leases.
True, correct and complete copies of all Leases (including all amendments, modifications and restatements thereof) have been provided
by Borrower to Lender prior to the Closing Date, all such Leases remain in full force and effect, enforceable against Borrower
(as landlord) and the tenants thereunder in accordance with their terms, and no defaults or circumstances exist that, with notice,
the passage of time or both would result in a default exist under any Leases. All rent and other sums owed by tenants under Leases
has been paid in full, no such sums are the subject of any dispute or disagreement between Borrower and any tenants, and no such
sums have been paid by any tenants more than one month in advance (other than security deposits held by Borrower in accordance
with the terms of the Leases). Tenants under all Leases are in full occupancy of their respective premises and no tenant has vacated
or abandoned its respective premises. All tenant improvements, brokerage commissions and similar sums that may be owed by Borrower
in connection with any Leases have been completed and paid for in full.

 

(m)          Accuracy
of Information. No information, exhibit or report furnished by Borrower to Lender in connection with the negotiation of, or
compliance with, the Loan Documents contained any material misstatement of fact or omitted to state any fact necessary to make
the statements contained therein not misleading.

 

(n)          Material
Agreements. Borrower is not in default in the performance, observance or fulfillment of any of the obligations, covenants or
conditions contained in (1) any agreement to which it is a party, which default could reasonably be expected to cause or result
in a Material Adverse Effect or (2) any agreement or instrument evidencing or governing Debt.

 

(o)          Compliance
With Laws. Borrower has complied in all material respects with all applicable statutes, rules, regulations, orders and restrictions
of any Governmental Authority having jurisdiction over the conduct of its business or the ownership of its property (including,
without limitation, the Project).

 

(p)          Solvency.

 

(1)         Immediately
after the consummation of each Advance and after giving effect to the application of the proceeds of such Advance: (A) the
fair value of the assets of Borrower at a fair valuation, will exceed the debts and liabilities, subordinated, contingent or otherwise,
of Borrower; (B) the present fair saleable value of the property of Borrower will be greater than the amount that will be
required to pay the probable liability of Borrower on its debts and other liabilities, subordinated, contingent or otherwise, as
such debts and other liabilities become absolute and matured; (C) Borrower will be able to pay its debts and liabilities,
subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured; and (D) Borrower will have
sufficient capital with which to conduct the businesses in which it is engaged as such businesses are now conducted and are proposed
to be conducted after the date hereof.

 

(2)         Borrower
does not intend to, and does not believe that it will, incur debts beyond its ability to pay such debts as they mature, taking
into account the timing and amounts of cash to be received by it and the timing and amounts of cash to be payable on or in respect
of its Debt (including the Loans).

 

    	10

    	 

    

 

(q)          Insurance.
Borrower maintains insurance policies and programs reasonably consistent with prudent industry practice including, without limitation,
all insurance required by the terms of the Security Instrument.

 

(r)          Covered
Transactions under Section 23A. The total amount of all other "covered transactions" between Borrower and Lender
under Section 23A in which Borrower is the affiliated party together with the total amount of the Loans does not exceed ten percent
(10%) of Lender's capital and surplus.

 

Section
3.02.         Supplemental Disclosure. At any time at the request
of Lender and at such additional times as Borrower determines, Borrower shall supplement each schedule or representation herein
or in the other Loan Documents with respect to any matter hereafter arising which, if existing or occurring at the Closing Date,
would have been required to be set forth or described in such schedule or as an exception to such representation or which is necessary
to correct any information in such schedule or representation which has been rendered inaccurate thereby. If any such supplement
to such schedule or representation discloses the existence or occurrence of events, facts or circumstances which are restricted
or prohibited by the terms of this Agreement or any other Loan Documents, such supplement to such schedule or representation shall
not be deemed an amendment thereof unless expressly consented to in writing by Lender, and no such amendments, except as the same
may be consented to in a writing which expressly includes a waiver, shall be or be deemed a waiver by Lender of any Event of Default
disclosed therein. Any items disclosed in any such supplemental disclosures shall be included in the calculation of any limits
or similar restrictions contained in this Agreement or any of the other Loan Documents.

 

Section
3.03.         Survival of Representations and Warranties. Borrower
represents and warrants to Lender that none of the written statements, representations or warranties furnished by it to Lender
in connection with this Agreement or any of the other Loan Documents contain, or will contain, any untrue statement or omit, or
will omit, a material fact necessary to make the statements contained therein or herein, in light of the circumstances when made,
not misleading. All representations and warranties made by Borrower under or in connection with any of the Loan Documents shall
survive the making of the Loans, notwithstanding any investigation made by Lender or on Lender's behalf.

 

ARTICLE
IV

 

Security for
Obligations

 

Section
4.01.         Collateral for the Obligations. Until paid in full,
the Obligations will be secured by the following:

 

(a)          Real
Estate. A valid and enforceable first priority mortgage and Lien in and on the Project, all proceeds thereof, an assignment
of leases and rents and similar security interests and rights pursuant to the Security Instrument and the other Loan Documents.

 

(b)          Other
Collateral. Such other collateral as may be pledged and granted by Borrower to Lender as additional collateral for the Obligations.

 

    	11

    	 

    

 

ARTICLE
V

 

Affirmative and
Negative Covenants of Borrower

 

Section
5.01.         Affirmative Covenants of Borrower. Until all Obligations
of Borrower terminate and are paid and satisfied in full, and for so long as Borrower is entitled to receive any Advance, Borrower
shall strictly observe each of the following covenants:

 

(a)          Existence
and Qualification to Do Business. Borrower shall preserve and maintain its existence as an Indiana corporation and qualification
to do business in Indiana and in such other states where the failure to qualify and maintain qualification could be reasonably
expected to cause or result in a Material Adverse Effect.

 

(b)          Reports,
Certificates and Other Information. Borrower shall furnish or cause to be furnished to Lender the following Financial Statements,
certificates and other information, in form satisfactory to Lender:

 

(1)         Annual
Statements. As soon as available and in any event within one hundred twenty (120) days after the close of each fiscal year
of Borrower, annual internally prepared and certified Financial Statements for Borrower showing its financial condition and results
of operations as at the close of such fiscal year and for such fiscal year, all prepared in accordance with accounting principles
consistently applied, which Financial Statements shall present fairly the financial position of Borrower as of the date of such
Financial Statements and the results of its operations and changes in financial position for the period covered thereby. Electronic
filings with the U.S. Security and Exchange Commission within the time periods set forth above shall satisfy Borrower's annual
reporting obligations pursuant to this paragraph.

 

(2)         Quarterly
Statements. Within forty-five (45) days after the close of each fiscal quarter of Borrower, internally prepared and certified
Financial Statements for Borrower showing its financial condition and results of operations as at the close of such fiscal quarter,
all prepared in accordance with accounting principles consistently applied, which Financial Statements shall present fairly the
financial position of Borrower as of the date of such Financial Statements and the results of its operations and changes in financial
position for the period covered thereby. Electronic filings with the U.S. Security and Exchange Commission within the time periods
set forth above shall satisfy Borrower's quarterly reporting obligations pursuant to this paragraph.

 

(3)         Officer's
Certificates. Contemporaneously with the furnishing of each set of Financial Statements of Borrower provided for in Section 5.01(b)(1)
and (2) above, an Officer's Certificate.

 

(4)         Orders.
Prompt notice of any material orders in any material proceedings to which Borrower is a party, issued by any court or regulatory
agency, federal or state, and if Lender should so request, a copy of any such order.

 

(5)         Notice
of Default or Litigation. Immediately upon learning of the occurrence of an Event of Default or Unmatured Event of Default,
or the institution of, or any adverse determination in, any litigation, arbitration proceeding or governmental proceeding which
could cause or result in a Material Adverse Effect, or the occurrence of any other event which could cause or result in a Material
Adverse Effect, written notice thereof describing the same and the steps being taken with respect thereto.

 

(6)         Rent
Roll. Within forty-five (45) days after the end of each calendar year, a rent roll for the Project certified by an Authorized
Officer.

 

    	12

    	 

    

 

(7)         Lease
Documents. As soon as practicable but in any event within five (5) days after execution, copies of any new Leases and any and
all renewals, amendments, modifications or restatements of any existing Leases.

 

(8)         Property
Taxes and Insurance. No later than twenty (20) days prior to the date when due, evidence that all property taxes and insurance
with respect to the Project have been timely paid in full.

 

(9)         Other
Information. From time to time such other information, data and documents concerning Borrower or the Project as Lender may
reasonably request.

 

(c)          Books,
Records and Inspections. At all reasonable times and as often as Lender may request, permit authorized representatives of Lender
to: (1) have access to the Project and to the financial records of Borrower and other records relating to the operations and
procedures of Borrower; and (2) discuss the affairs, finances and accounts of Borrower with, and be advised as to the same
by, the officers and/or directors of Borrower, all as shall be relevant to the performance or observance of the terms, covenants
and conditions of this Agreement and the other Loan Documents, the financial condition of Borrower and/or the operation of the
Project; provided, however, that Lender's activities in such regards shall be conducted in a fashion designed to minimize disruptions
to Borrower's ongoing business operations. During the existence of an Event of Default, Borrower shall pay all reasonable costs
and expenses incurred by Lender in connection with all such examinations or audits.

 

(d)          Insurance.
(1) In addition to any insurance required by any other Loan Documents, without duplication, continuously maintain such insurance
as may be required by law and such other insurance, to such extent and against such hazards and liabilities, as is customarily
maintained by companies similarly situated and for projects comparable to the Project located in the same geographical region as
the Project, with Lender named as mortgagee, additional insured and lender's loss payee on any such insurance policy under a standard
lender's loss payable clause providing that such policies shall not terminate or expire unless the applicable insurer thereunder
has provided Lender with at least thirty (30) days' prior written notice; and (2) provide to Lender a certificate of insurance
from the insurer for each such policy and certificates confirming the renewal of each such policy (including payment in full of
all associated premiums by Borrower) no later than thirty (30) days prior to the scheduled renewal date for such policies.

 

(e)          Taxes
and Liabilities. Borrower shall pay when due all taxes, license fees, assessments and other liabilities, including, without
limitation, all real estate taxes, assessments and like sums owed with respect to the Project, except, to the extent previously
approved by Lender in writing in its sole discretion, as such amounts may be contested in good faith and by appropriate proceedings
and for which appropriate bonds or reserves have been established.

 

(f)          Compliance
with Legal and Regulatory Requirements. Borrower shall maintain material compliance with the provisions of all federal, state
and local statutes, ordinances and regulations and any court orders or orders of regulatory authorities issued thereunder applicable
to Borrower and/or the Project.

 

(g)          Project.
Borrower shall keep, maintain and operate the Project and all components thereof in first-class condition and repair, shall take
all actions as may be necessary to keep in full force and effect all warranties in place with respect to Building systems and components,
and shall undertake all maintenance, repair and replacement operations in a good and workmanlike manager using creditworthy and
reputable contractors and subcontractors. Borrower shall notify Lender in writing at least thirty (30) days prior to undertaking
any repair, replacement, maintenance, capital improvement or similar project estimated to cost in excess of Twenty Thousand Dollars
($20,000), which notice shall include a budget, schedule, plans and specifications and a list of contractors and subcontractors
for the project, along with any other related items and materials reasonably requested by Lender, and Borrower shall not commence
undertaking or performing any such project until receipt by Borrower of Lender's written consent, which consent shall not be unreasonably
withheld, delayed or conditioned.

 

    	13

    	 

    

 

(h)          Leases.
Borrower shall maintain in full force and effect all Leases and shall fully and timely undertake, perform and comply with all obligations
of the landlord under all Leases. Borrower shall use commercially reasonable efforts to enforce all terms and provisions of all
Leases applicable to tenants. Borrower shall immediately notify Lender in writing of any breach or default by any party under any
Lease.

 

(i)          Fiscal
Year. Borrower shall maintain its current fiscal year end.

 

(j)          Section
23A of the Federal Reserve Act. Borrower hereby agrees that (i) the transactions contemplated by this Agreement are “covered
transactions” within the meaning of Section 23A of the Federal Reserve Act (12 U.S.C. 371c and 371c-1, et seq.)
and related regulations of the Board of Governors of the Federal Reserve System (collectively, "Section 23A"),
and (ii) any and all Loans being made pursuant to this Agreement shall be made in compliance with and shall remain in compliance
with Section 23A.  At all times, the value of the (i) "As Is" appraised market value of the Project, plus (ii) all
other collateral that Lender has a first priority and perfected security interest in that secures the Loans as provided in Section
4.01 of this Agreement, shall exceed 1.3 multiplied by the then outstanding principal balance of the Loans (the "Loan to
Value Covenant").  The appraised value of the Project and any other collateral securing the Loans may be determined
by Lender by obtaining an appraisal report requested from time to time by and in form and content acceptable to Lender, with respect
to the Project and/or such other collateral, which report shall be paid for by Borrower and be prepared and signed by an appraiser
that is acceptable to Lender in its sole discretion.  If, at any time, Borrower is not in compliance with the Loan to Value
Covenant, Borrower shall immediately provide Lender with a first priority and perfected security interest in additional collateral
to bring the Loans into compliance with Section 23A. 

 

(k)          Further
Assurances. Promptly upon receiving a request from Lender, Borrower shall take such additional actions, prepare and deliver
to Lender such additional information and execute or have executed such additional documents as are reasonably necessary to effect
the purposes of this Agreement and the other Loan Documents, all as may be reasonably requested by Lender from time to time.

 

Section
5.02.         Negative Covenants of Borrower. Until all Obligations
of Borrower terminate and are paid and satisfied in full, and so long as Borrower is entitled to receive any Advance, Borrower
shall strictly observe each of the following covenants:

 

(a)          Liens
and Leases. Borrower shall not, without the prior written consent of Lender, create or permit to exist any Lien with respect
to any property or assets now owned or hereafter acquired by Borrower, including, without limitation, the Project, except for the
following (collectively, the "Permitted Liens"): (1) Liens in favor of Lender created pursuant to the terms of
this Agreement or the other Loan Documents; and (2) those specific Liens now existing (if any) described on Schedule 5.02(a)
attached to this Agreement. Except for Approved Leases, Borrower shall not, without the prior written consent of Lender, enter
into, modify, waive any material provision of, amend or terminate any Lease without the prior written consent of Lender.

 

    	14

    	 

    

 

(b)          Mergers,
Consolidations, Sales, Acquisition or Formation of Subsidiaries. Borrower shall not (1) be a party to any consolidation
or merger, acquire, any equity interest in any other business entity, or (2) sell, transfer, convey or lease all of its assets.

 

(c)          Margin
Stock. Borrower shall not use or cause or permit the proceeds of the Loans to be used, either directly or indirectly, for the
purpose, whether immediate, incidental or ultimate, of purchasing or carrying any margin stock within the meaning of Regulation U
of the Board, as amended from time to time.

 

(d)          Other
Agreements. Borrower shall not enter into any agreement containing any provision which would be violated or breached in any
material respect by the performance of its obligations under this Agreement or under any other Loan Document.

 

(e)          Judgments.
Borrower shall not permit any uninsured judgment or monetary penalty rendered against Borrower in excess of One Million Dollars
($1,000,000) in any judicial or administrative proceeding to remain unsatisfied for a period in excess of forty-five (45) days
unless (1) Borrower obtains Lender's prior written consent to contest such judgment or penalty and (2) such judgment or penalty
is being contested by Borrower in good faith by appropriate proceedings and execution upon such judgment has been stayed, and an
appropriate reserve has been established with respect thereto.

 

(f)          Change
Name/Location of Principal Office. Borrower shall not, and shall not allow Borrower to, change its legal name, the jurisdiction
of its organization, or the location of its principal office unless it gives not fewer than sixty (60) days' prior written notice
of such change to Lender.

 

(g)          Organizational
Documents. Borrower shall not amend, modify or otherwise change any of the terms or provisions in its Articles of Incorporation
or Bylaws as in effect on the date hereof in any manner, without the prior written consent of Lender.

 

(h)          Accounting
Policies/Change of Business. Borrower shall not (1) change its fiscal year or any of its significant accounting policies
except to the extent necessary to comply with GAAP or (2) make any material change in the nature of its business as carried
on as of the Closing Date.

 

(i)          Prohibited
Use of Loans. No portion of any Advance or any Loan made hereunder shall be used for any purpose not expressly permitted by
the terms of this Agreement.

 

(j)          USA
Patriot Act. Borrower shall not (1) be or become subject at any time to any law, regulation, or list of any government
agency (including, without limitation, the U.S. Office of Foreign Asset Control list) that prohibits or limits Lender from
making any advance or extension of credit to Borrower or from otherwise conducting business with Borrower or (2) fail to provide
documentary and other evidence of Borrower's identity as may be requested by Lender at any time to enable Lender to verify Borrower's
identity or to comply with any applicable law or regulation, including, without limitation, Section 326 of the USA Patriot
Act of 2001, 31 U.S.C. Section 5318.

 

(k)          Alterations.
Without the prior written consent of Lender, Borrower shall not make any material changes or alterations to the Project.

 

(l)          Aggregate
Amount of Covered Transactions. Borrower shall not allow the total amount of all other "covered transactions" between
Borrower and Lender under Section 23A in which Borrower is the affiliated party together with the total amount of the Loans to
exceed ten percent (10%) of Lender's capital and surplus.

 

    	15

    	 

    

 

ARTICLE
VI

 

Lending Conditions

 

Section
6.01.         Conditions of Lending. The obligation of Lender to
make any Advance under the Loans shall be subject to the fulfillment of each of the following conditions precedent:

 

(a)          No
Default. No Event of Default or Unmatured Event of Default shall have occurred and be continuing, and the representations and
warranties of Borrower contained in Section 3.01 of this Agreement shall be materially true and correct as of the date of
this Agreement and as of the date of each Advance.

 

(b)          Documents
and other Items to be Furnished at Closing. Lender shall have received contemporaneously with the execution of this Agreement
the following, each duly executed by the parties or intended signatories thereto, currently dated (as applicable) and in form and
substance satisfactory to Lender:

 

(1)         The
Term Note, the Security Instrument and any and all other Loan Documents.

 

(2)         The
resolutions of Borrower certified by the Secretary (or comparable officer) of Borrower, authorizing the Loans, the execution and
delivery, on behalf of Borrower, of the Loan Documents to which Borrower is a party, and the payment and performance by Borrower
of all of the terms and provisions of the Loan Documents.

 

(3)         A
certificate of the Secretary (or comparable officer) of Borrower certifying the names of the officer or officers authorized to
execute the Loan Documents to which Borrower is a party, for and on behalf of Borrower.

 

(4)         A
Certificate of Existence or Certificate of Good Standing with respect to Borrower.

 

(5)         Copies
of (A) the Articles of Incorporation of Borrower, certified by the Secretary of State of its organization or incorporation
and (B) the current Bylaws of Borrower, certified by its Secretary (or comparable officer).

 

(6)         A
certificate of authority to transact business as a foreign entity for Borrower in each jurisdiction where such entity is required
to be so qualified to conduct business in such jurisdiction.

 

(7)         Uniform
Commercial Code financing statements in such form and for filing in such jurisdictions as Lender may request with respect to Borrower,
as applicable.

 

(8)         The
release of all Liens on any property of Borrower as required by Lender.

 

(9)         An
Officer's Certificate.

 

(10)        A
lender's policy of title insurance by an insurer approved by Lender, insuring in the name of Lender the lien of the Security Instrument,
such title policy to (A) be in the final amount required by Lender, (B) be free of all standard (preprinted) and special exceptions,
other than such exceptions as are acceptable to Lender and its counsel, (C) include such endorsements as Lender or its counsel
may require, (D) have an effective date as of the Closing Date and (E) otherwise be in form and substance acceptable to Lender
and its counsel.

 

    	16

    	 

    

 

(11)        An
ALTA/ACSM Land Title Survey (including such Table A requirements as may be requested by Lender) of the Project and all easements
and rights-of-way benefiting the Project or any part thereof, prepared by a registered land surveyor (or surveyors) acceptable
to Lender and in form, substance and detail acceptable to Lender and its counsel.

 

(12)        An
appraisal of the Project prepared by a qualified, M.A.I.-designated appraiser acceptable in all respects to Lender, which appraises
the fair market value in an amount satisfactory to Lender.

 

(13)        A
Phase I environmental site assessment of the Project by a duly licensed and qualified environmental engineer approved by Lender,
such environmental site assessment to be acceptable to Lender in all respects, along with a completed environmental questionnaire
acceptable to Lender.

 

(14)        Evidence
of insurance of the types and of the amounts as may be required by this Agreement and the other Loan Documents showing Lender named
as additional insured and lender's loss payee on any such insurance policy under a standard lender's loss payable clause.

 

(15)        Copies
of the existing Leases and the most recent certified rent roll for the Project.

 

(16)        Executed
tenant estoppel certificates and subordination, non-disturbance and attornment agreements with respect to all Leases, which certificates
and agreements must be acceptable to Lender in all respects.

 

(17)        Payment
to or reimbursement of all costs and expenses incurred by Lender in the preparation and negotiations the Loan Documents and in
the making of the Loans, including, without limitation, all attorneys' fees and disbursements payable to Faegre Baker Daniels LLP.

 

(18)        Such
other documents, certificates, agreements and/or information as Lender may require.

 

ARTICLE
VII

 

Events of Default—Acceleration

 

Section
7.01.         Events of Default. Each of the following shall constitute
an "Event of Default" under this Agreement:

 

(a)          Nonpayment
of the Loans. The failure by Borrower to make any scheduled principal or interest payment when due under the terms of the Notes,
this Agreement or any other Loan Document.

 

(b)          Nonpayment
of Other Debt. The failure by Borrower to make any payment when due, whether by acceleration or otherwise, of any other Debt
in excess of One Million Dollars ($1,000,000), or the default by Borrower in the performance or observance of any obligation or
condition with respect to any such other Debt if the effect of such default is to accelerate the maturity of such other Debt or
to permit the holder or holders thereof, or any trustee or agent for such holders, to cause such Debt to become due and payable
prior to its scheduled maturity.

 

    	17

    	 

    

 

(c)          Bankruptcy,
Insolvency, etc. (1) Borrower admitting in writing its inability to pay its debts as they mature, (2) an administrative or
judicial order of dissolution or determination of insolvency being entered against Borrower, (3) Borrower applying for, consenting
to, or acquiescing in the appointment of a trustee or receiver for Borrower or any property thereof, (4) Borrower making a general
assignment for the benefit of creditors, (5) in the absence of such application, consent or acquiescence on the part of Borrower,
a trustee or receiver being appointed for Borrower or for a substantial part of the property of Borrower and not being discharged
within sixty (60) days, (6) any bankruptcy, reorganization, debt arrangement, or other proceeding under any bankruptcy or insolvency
law, or any dissolution or liquidation proceeding being instituted by or against Borrower, and, if involuntary, being consented
to or acquiesced in by Borrower, as applicable, or remaining undismissed for sixty (60) days.

 

(d)          Representations
and Warranties. Any representation or warranty made by Borrower in this Agreement or any of the other Loan Documents proving
to have been false or misleading in any material respect when made, or any schedule, certificate, financial statement, report,
notice, or other writing furnished by or on behalf of Borrower to Lender proving to have been false or misleading in any material
respect when made or delivered.

 

(e)          Violations
of Certain Covenants. Borrower shall fail to fully and timely observe and perform the terms and provisions of Article V of
this agreement.

 

(f)          Noncompliance
With Other Provisions of this Agreement or Loan Documents. Failure of Borrower to comply with or perform any other covenant
or other provision of this Agreement or any of the other Loan Documents or to perform any other Obligation (which failure does
not constitute an Event of Default under any of the preceding provisions of this Section 7.01) and the continuance of such
failure for a period of thirty (30) days or such longer period of time (not to exceed ninety (90) days in the aggregate) as may
be reasonably necessary to cure such failure so long as Borrower commences to cure such failure within such thirty (30) day period
and thereafter continuously and diligently continues to cure such failure.

 

(g)          Noncompliance
With Other Loan Documents. The occurrence of any event of default or default under any of the other Loan Documents after the
expiration of all applicable notice, grace and cure periods, if any.

 

(h)          Loan
Documents; Failure of Security. If, at any time, for any reason, (1) any Loan Document ceases to be in full force and
effect or Borrower seeks to repudiate or reject its obligations thereunder or (2) Liens on the Secured Property in favor of
Lender contemplated by this Agreement or the other Loan Documents shall be invalidated or otherwise cease to be in full force and
effect, or such Liens shall not have the perfection or priority contemplated by this Agreement or the other Loan Documents, or
Borrower shall seek to render any Liens in favor of Lender contemplated by this Agreement or the other Loan Documents invalid or
unperfected.

 

(i)          Default
on other Lender Obligations. Borrower shall default in the payment or performance of any Debt or obligations owing to Lender
other than the Obligations.

 

(j)          Adverse
Changes. The occurrence of any event which Lender believes could cause or result in a Material Adverse Effect.

 

    	18

    	 

    

 

Section
7.02.         Effect of Event of Default.

 

(a)          Automatic
Acceleration. If any Event of Default described in Section 7.01(c) of this Agreement shall occur, maturity of the Loans
shall immediately be accelerated, the Notes and the Loans evidenced thereby and all other indebtedness and any other payment Obligations
of Borrower to Lender shall become immediately due and payable, all without demand or notice of any kind.

 

(b)          Elective
Acceleration. If any Event of Default other than an Event of Default described in Section 7.01(c) has occurred and is
continuing, Lender may, in its sole discretion, (1) accelerate payment of the Loans and declare the Notes and all other payment
Obligations due and payable, whereupon maturity of the Loans shall be accelerated, the Notes and the Loans evidenced thereby and
all other payment Obligations of Borrower to Lender shall become immediately due and payable, all without demand or notice of any
kind, (2) take possession of the Project and do anything necessary or desirable in Lender's sole judgment to fulfill the obligations
of Borrower hereunder, (3) foreclose the Security Instrument and otherwise realize on the Secured Property, (4) exercise any of
Lender's rights and remedies contained in this Agreement or the other Loan Documents and/or (5) exercise any rights or remedies
that Lender may have at law or in equity.

 

(c)          Remedies
Not Exclusive. The remedies of Lender specified in this Agreement or in any other Loan Document shall not be exclusive, and
Lender may avail itself of any other remedies provided by law, as well as any equitable remedies available to Lender.

 

ARTICLE
VIII

 

Miscellaneous

 

Section
8.01.         Waiver and Amendments. No delay on the part of Lender,
or any holder of the Notes in the exercise of any right, power or remedy shall operate as a waiver thereof, nor shall any single
or partial exercise by any of them of any right, power or remedy preclude any other or further exercise thereof, or the exercise
of any other right, power or remedy. No amendment, modification or waiver of, or consent with respect to any of the provisions
of this Agreement or the other Loan Documents or otherwise of the Obligations, shall be effective unless such amendment, modification,
waiver or consent is in writing and signed by each of the parties hereto.

 

Section
8.02.         Notices. Any notice given under or with respect to
this Agreement to Borrower or Lender and required to be in writing shall be delivered by hand or sent by registered or certified
mail, postage prepaid, return receipt requested, or by reputable overnight courier service, shall be deemed to have been given
when delivered by hand, five (5) days after the date when sent by registered or certified mail, or one (1) day after the date
when sent by reputable overnight courier service, and shall be addressed to Borrower or Lender at its address set forth below,
or at such other address as either such party may, by written notice to the other party delivered pursuant to the terms of this
Agreement, have designated as its address for such purpose:

 

	 	Borrower:	First Internet Bancorp.
	 	 	8888 Keystone Crossing
	 	 	Suite 1700
	 	 	Indianapolis, Indiana 46240
	 	 	Attention: David Becker, CEO

 

    	19

    	 

    

 

	 	Lender:	First Internet Bank of Indiana
	 	 	8888 Keystone Crossing
	 	 	Suite 1700
	 	 	Indianapolis, Indiana 46240
	 	 	Attention: Kay Whitaker, CFO

 

Section
8.03.         Costs, Expenses and Taxes. Borrower agrees to pay
(without duplication), all of the following fees, costs and expenses incurred by Lender: (1) all reasonable costs and expenses
in connection with the negotiation, preparation, printing, typing, reproduction, execution and delivery of the Loan Documents
and any and all other documents furnished pursuant hereto or in connection herewith, including, without limitation, the fees and
out of pocket expenses of outside counsel to Lender, as well as the fees and out of pocket expenses of such counsel in connection
with the foregoing and the administration of this Agreement; (2) all reasonable costs and expenses in connection with the
negotiation, preparation, printing, typing, reproduction, execution and delivery of any amendments or modifications of (or supplements
to) any of the foregoing and any and all other documents furnished pursuant thereto or in connection therewith, including, without
limitation, the reasonable fees and out-of-pocket expenses of counsel retained by Lender relative thereto; (3) all UCC and
lien search fees, all title insurance, survey, appraisal, environmental evaluation fees, costs and expenses, and all costs, fees
and taxes payable in connection with the filing or recording of any Loan Documents or financing statements; (4) all costs
and expenses (including, without limitation, reasonable attorneys' fees and expenses of Lender), if any, in connection with the
enforcement of this Agreement and/or any other Loan Documents or other agreement furnished pursuant hereto or thereto or in connection
herewith or therewith; and (5) all costs and expenses incurred by Lender in conducting an independent audit or review by Lender's
internal staff of the books and records of Borrower and the collateral provided under the Loan Documents, including, without limitation,
the costs and expenses of annual field exams of the Secured Property. In addition, Borrower shall pay any and all stamp, transfer
and other similar taxes payable or determined to be payable in connection with the execution and delivery of this Agreement, or
any of the other Loan Documents, or the issuance of the Notes, or the making of the Loans, and agrees to save and hold Lender
harmless from and against any and all liabilities with respect to, or resulting from, any delay in paying, or omission to pay,
such taxes. Any portion of the foregoing fees, costs and expenses which remains unpaid following Lender's statement and request
for payment thereof shall bear interest from the date of such statement and request to the date of payment at a per annum
rate equal to the Default Rate.

 

Section
8.04.         Severability. If any provision of this Agreement
or any other Loan Document is determined to be illegal or unenforceable, such provision shall be deemed to be severable from the
balance of the provisions of this Agreement or such Loan Document and the remaining provisions shall be enforceable in accordance
with their terms.

 

Section
8.05.         Captions / Time of Essence. Section captions used
in this Agreement are for convenience only and shall not affect the construction of this Agreement. Time is of the essence with
respect to every provision of this Agreement and the other Loan Documents.

 

Section
8.06.         Governing Law. Except as may otherwise be expressly
provided in any other Loan Document, this Agreement and all other Loan Documents are made under and will be governed in all cases
by the substantive laws of the State of Indiana, notwithstanding the fact that Indiana conflicts of laws, rules or principles
might otherwise require the substantive rules of law of another jurisdiction to apply.

 

    	20

    	 

    

 

Section
8.07.         Prior Agreements, Etc. This Agreement supersedes
all previous agreements and commitments made by Lender and Borrower with respect to the Loans and all other subjects of this Agreement,
including, without limitation, any oral or written proposals, term sheets or commitments made or issued by Lender. Borrower agrees
to indemnify and hold harmless Lender from and against all liabilities, obligations, losses, damages, penalties, action, judgments,
suits, costs (including attorneys' fees), expenses or disbursements of any kind whatever which may be imposed upon or asserted
against Lender in any way relating to the business operations of Borrower, execution of this Agreement or any other of the Loan
Documents or the performance of its obligations thereunder. It is expressly agreed that Lender shall not be deemed to control
the business activities of Borrower as a result of this Agreement, the other Loan Documents or the performance thereof.

 

Section
8.08.         Successors and Assigns. This Agreement and the other
Loan Documents shall be binding upon and shall inure to the benefit of Borrower and Lender and their respective heirs, successors
and assigns, provided that Borrower's rights and obligations under this Agreement shall not be assignable without the prior written
consent of Lender.

 

Borrower agrees that
Lender may at any time sell, assign, or transfer one or more interests or participations in all or any part of its rights or obligations
in respect of the Loans to one or more purchasers or participants whether or not related to Lender, without prior notice to or
the consent of Borrower. Borrower agrees that Lender may provide any information Lender may have about Borrower or about any matter
relating to the Loans to any of its subsidiaries or affiliates or their successors, or to any one or more purchasers or potential
purchasers of the Notes or participants or potential participants in the Loans.

 

Section
8.09.     Waiver of Jury Trial / Jurisdiction. BORROWER
HEREBY VOLUNTARILY, KNOWINGLY, ABSOLUTELY, IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT TO HAVE A JURY TRIAL OR HAVE A JURY
PARTICIPATE IN RESOLVING ANY DISPUTE (WHETHER BASED UPON CONTRACT, TORT OR OTHERWISE) BETWEEN OR AMONG LENDER AND BORROWER ARISING
OUT OF OR IN ANY WAY RELATED TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ANY RELATIONSHIP BETWEEN BORROWER AND LENDER. THIS
PROVISION IS A MATERIAL INDUCEMENT TO LENDER TO PROVIDE THE FINANCING DESCRIBED IN THIS AGREEMENT AND IN THE OTHER LOAN DOCUMENTS.
BORROWER WILL NOT SEEK TO CONSOLIDATE ANY SUCH ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED WITH ANY OTHER ACTION IN WHICH A JURY
TRIAL HAS NOT BEEN OR CANNOT BE WAIVED.

 

Borrower
hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any U.S. Federal
or Indiana State court sitting in HAMILTON COUNTY, Indiana, in any action or proceeding arising out of or relating to this Agreement
or any other Loan Documents, or for recognition or enforcement of any judgment, and Borrower hereby irrevocably and unconditionally
agrees that all claims in respect of any such action or proceeding may be heard and determined in such State courts or, to the
extent permitted by law, in such Federal courts.  Each of the parties hereto agrees that a final judgment in any such action
or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided
by law.  Nothing in this Agreement or any other Loan Document shall affect any right that the Lender may otherwise have to
bring any action or proceeding relating to this Agreement or any other Loan Document against Borrower or its properties in the
courts of any jurisdiction.

 

    	21

    	 

    

 

Borrower
hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which
it may now or hereafter have to personal jurisdiction and the laying of venue of any suit, action or proceeding arising out of
or relating to this Agreement or any other Loan Document in any court referred to in the preceding grammatical paragraph. 
Borrower hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance
of such action or proceeding in any such court.

 

Borrower
irrevocably consents to service of process in the manner provided for notices in Section 8.02.  Nothing in this Agreement
or any other Loan Document will affect the right of Lender to serve process in any other manner permitted by law.

 

Section
8.10.         Highest Lawful Rate. Notwithstanding any provision
to the contrary contained in this Agreement or in any of the other Loan Documents, it is expressly provided that in no case or
event shall the aggregate of (a) all interest on the unpaid balance of the Notes, accrued or paid from the date hereof, plus
(b) the aggregate of any other amounts accrued or paid pursuant to the Notes, or any of the other Loan Documents, which under
applicable laws are or may be deemed to constitute interest upon such Debt from the date hereof, ever exceed the Highest Lawful
Rate. In this connection, it is expressly stipulated and agreed that it is the intent of Borrower and Lender to contract in strict
compliance with Indiana usury laws and with any other applicable state usury laws and with federal usury laws (whichever permit
the higher rate of interest) from time to time in effect. In furtherance thereof, none of the terms of this Agreement, the Notes
or any of the other Loan Documents shall ever be construed to create a contract to pay, as consideration for the use, forbearance
or detention of money, interest at a rate in excess of the Highest Lawful Rate. Neither Borrower nor any other Person now or hereafter
becoming liable for payment of the Obligations shall ever be liable for interest in excess of the Highest Lawful Rate. If under
any circumstances the aggregate amounts paid on the Obligations include amounts which by law are deemed interest which would exceed
the Highest Lawful Rate, Borrower stipulates that such amounts will be deemed to have been paid as a result of an error on the
part of Borrower and Lender, and the Person receiving such excess payment shall promptly, upon discovery of such error or upon
notice thereof from the Person making such payment, refund the amount of such excess. The parties further stipulate that such
refund shall be a sufficient and sole remedy for such error and that no party shall be entitled to any damages or penalties, whether
statutory or otherwise, as a result of such error. In addition, all sums paid or agreed to be paid to the holder or holders of
the Obligations for the use, forbearance or detention of the Obligations shall, to the extent permitted by applicable law, be
amortized, prorated, allocated and spread throughout the full term of the Obligations. The provisions of this Section 8.10
shall control all agreements, whether now or hereafter existing and whether written or oral, among Borrower and Lender.

 

Section
8.11.         Indemnification. Borrower agrees to defend, protect,
indemnify and hold harmless Lender and its Affiliates, and Lender's and its Affiliates' respective officers, directors, employees,
attorneys and agents (collectively, the "Indemnitees") from and against any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, claims, costs, expenses of any kind or nature whatsoever (including, without
limitation, the reasonable fees and disbursements of counsel for such Indemnitees in connection with any investigative, administrative
or judicial proceeding, whether or not such Indemnitees shall be designated a party thereto), imposed on, incurred by, or asserted
against such Indemnitees in any manner relating to or arising out of this Agreement, the other Loan Documents, or any act, event
or transaction related or attendant thereto or to the making of the Advances and Loans, the management of such Advances or Loans,
the use or intended use of the proceeds of the Advances or Loans hereunder, or any of the other transactions contemplated by the
Loan Documents.

 

    	22

    	 

    

 

Section
8.12.         Setoff. In addition to, and without limitation of,
any rights of Lender under applicable law, if any Event of Default occurs and is continuing, any indebtedness from Lender (including
all account balances, whether provisional or final, and whether or not collected or available) may be offset and applied toward
the payment of the Obligations, whether or not the Obligations, or any part hereof, shall then be due.

 

Section
8.13.         Counterparts. This Agreement may be executed in any
number of counterparts, all of which, taken together, shall constitute one agreement, and any of the parties hereto may execute
this Agreement by signing any such counterpart. This Agreement shall be effective when it has been executed by Borrower and Lender.

 

Section
8.14.         Patriot Act. Lender hereby notifies Borrower that
pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)), it is required to obtain, verify and record information that identifies each Borrower, which information includes the
name and address of Borrower and other information that will allow Lender to identify Borrower in accordance with the USA Patriot
Act.

 

[signatures on following page]

 

    	23

    	 

    

 

IN WITNESS WHEREOF,
Borrower and Lender, by their respective duly authorized officers, have executed and delivered this Agreement as of the Closing
Date.

 

	 	BORROWER:
	 	 
	 	FIRST INTERNET BANCORP
	 	 	 
	 	By:  	/s/David Becker
	 	 	David Becker, Chief Executive Officer
	 	 	 
	 	LENDER:
	 	FIRST INTERNET BANK OF INDIANA
	 	 	 
	 	By:  	/s/C. Charles Perfetti
	 	 	C. Charles Perfetti, Senior Vice President

 

    	24

    	 

    

 

List of Exhibits and Schedules

 

Exhibit A – Legal Description
of Land

Exhibit B – Form of Officer's
Certificate

 

Schedule 5.02(a) – Permitted
Liens

 

    	25

    	 

    

 

Exhibit A

 

Part of the Northwest Quarter of Section
6, Township 17 North, Range 5 East in Delaware Township, Hamilton County, Indiana, more particularly described as follows:

 

Commencing at the Southwest corner of the Southwest Quarter
of Section 6, Township 17 North, Range 5 East; thence North 00 degrees 04 minutes 40 seconds West (assumed bearing) on the West
line of said Southwest Quarter 83.82 feet, original Government Survey, (84.97 feet, measured) to the Southeast corner of the Southeast
Quarter of Section 1, Township 17 North, Range 4 East; thence North 00 degrees 00 minutes 08 seconds East on the West line of said
Southwest Quarter 1734.21 feet to a point which is 1819.18 feet Northerly of the Southwest corner of the Southwest Quarter and
also being the Northwest corner of real estate described in Warranty Deed recorded in Deed Record 360, page 285 in the Office of
the Recorder of Hamilton County, Indiana; thence South 88 degrees 59 minutes 52 seconds East on the North line of said real estate
73.51 feet; thence North 00 degrees 00 minutes 08 seconds East parallel with said West line 262.94 feet to the Southwest corner
of real estate described in Instrument Number 8907678 in the Office of the Recorder of Hamilton County, Indiana; thence following
the perimeter of said real estate the following 5 courses: 1) North 00 degrees 00 minutes 08 seconds East parallel with said West
line 75.61 feet to a point on a non-tangent curve, the radius point of which lies 673.00 feet South 68 degrees 34 minutes 28 seconds
East of said point; 2) Northeasterly, curving to the right on said curve, an arc distance of 118.86 feet to the point of tangency
of said curve; 3) North 31 degrees 32 minutes 41 seconds East tangent with said curve 221.57 feet; 4) South 89 degrees 06 minutes
27 seconds East parallel with the South line of the Southwest Quarter 947.18 feet; 5) North 00 degrees 00 minutes 08 seconds East
parallel with the West line of said Southwest Quarter 199.77 feet to the South line of the Northwest Quarter, said point being
a Northwest corner of said real estate described in said Instrument Number 8907678 and also being the POINT OF BEGINNING of this
description; thence North 88 degrees 33 minutes 56 seconds West along the South line of the Northwest Quarter 49.06 feet to the
edge of water of an existing lake; thence following said edge of water the following 11 courses: 1) North 06 degrees 14 minutes
34 seconds East 48.44 feet; 2) North 01 degree 19 minutes 09 seconds West 165.91 feet; 3) North 04 degrees 29 minutes 12 seconds
West 97.73 feet; 4) North 01 degree 20 minutes 05 seconds East 57.82 feet; 5) North 04 degrees 20 minutes 34 seconds West 52.09
feet; 6) North 03 degrees 14 minutes 54 seconds East 148.47 feet; 7) North 01 degree 07 minutes 09 seconds West 91.23 feet; 8)
North 03 degrees 05 minutes 41 seconds West 134.46 feet; 9) North 25 degrees 17 minutes 52 seconds West 27.34 feet; 10) North 63
degrees 04 minutes 56 seconds West 90.23 feet; 11) North 87 degrees 11 minutes 22 seconds West 70.67 feet; thence departing said
edge of water and running North 88 degrees 33 minutes 56 seconds West parallel to said South line of the Northwest Quarter 154.21
feet to the existing Southeast back of curb of USA Parkway; thence following said back of curb the following 10 courses: 1) an
arc distance of 367.77 feet Northeasterly and Easterly along a curve to the right having a central angle of 49 degrees 10 minutes
32 seconds and a radius of 428.50 feet (said curve being subtended by a long chord bearing North 58 degrees 09 minutes 11 seconds
East a distance of 356.59 feet); 2) an arc distance of 489.68 feet Easterly and Southeasterly along a curve to the right having
a central angle of 65 degrees 21 minutes 51 seconds and a radius of 429.23 feet (said curve being subtended by a long chord bearing
South 64 degrees 45 minutes 20 seconds East a distance of 463.55 feet); 3) an arc distance of 261.41 feet Southeasterly and Southerly
along a curve to the right having a central angle of 34 degrees 39 minutes 52 seconds and a radius of 432.08 feet (said curve being
subtended by a long chord bearing South 14 degrees 42 minutes 57 seconds East a distance of 257.44 feet); 4) South 03 degrees 28
minutes 30 seconds West 90.39 feet; 5) an arc distance of 113.42 feet Southerly along a curve to the left having a central angle
of 13 degrees 04 minutes 24 seconds and a radius of 497.08 feet (said curve being subtended by a long chord bearing South 01 degree
31 minutes 51 seconds East a distance of 113.17 feet); 6) an arc distance of 106.00 feet Southerly along a curve to the left having
a central angle of 12 degrees 15 minutes 23 seconds and a radius of 495.53 feet (said curve being subtended by a long chord bearing
South 15 degrees 27 minutes 01 seconds East a distance of 105.80 feet); 7) an arc distance of 161.92 feet Southerly and Southeasterly
along a curve to the left having a central angle of 21 degrees 58 minutes 50 seconds and a radius of 422.08 feet (said curve being
subtended by a long chord bearing South 33 degrees 05 minutes 29 seconds East a distance of 160.93 feet); 8) South 43 degrees 37
minutes 00 seconds East 34.58 feet; 9) an arc distance of 80.49 feet Southeasterly and Southerly along a curve to the right having
a central angle of 77 degrees 00 minutes 43 seconds and a radius of 59.88 feet (said curve being subtended by a long chord bearing
South 05 degrees 31 minutes 49 seconds East a distance of 74.57 feet); 10) an arc distance of 86.87 feet Southerly along a curve
to the left having a central angle of 31 degrees 12 minutes 22 seconds and a radius of 159.49 feet (said curve being subtended
by a long chord bearing South 09 degrees 18 minutes 14 seconds West a distance of 85.80 feet) to the point at which the said back
of curb of USA Parkway meets the South line of the Northwest Quarter of said Section; thence departing said back of curb and running
North 88 degrees 33 minutes 56 seconds West along said South line 15.59 feet to the Northeast corner of aforementioned real estate
described in said Instrument Number 8907678; thence continuing North 88 degrees 33 minutes 56 seconds West along said South line
of the Northwest Quarter and the North line of said real estate described in Instrument Number 8907678 a distance of 527.58 feet
to the POINT OF BEGINNING.

 

    	Exhibit A
Page 1

    	 

    

 

Exhibit B

 

Form of Officer's Certificate

 

Pursuant to the terms
of that certain Loan Agreement (the "Agreement") dated as of March 6, 2013, between First Internet Bancorp (the
"Borrower"), and First Internet Bank of Indiana (the "Lender"), the undersigned hereby certifies
to Lender that:

 

1.          [He][She]
is the duly elected, qualified and acting __________________ of the Borrower, is familiar with the facts herein certified and is
duly authorized to certify the same.

 

2.          As
of the date hereof there is no Event of Default or Unmatured Event of Default (each as defined in the Agreement).

 

3.          The
representations and warranties contained in Section 3.01 of the Agreement are true and correct as of the date hereof.

 

4.          The
most current Financial Statements (as defined in the Agreement) provided by the Borrower to Lender were prepared in accordance
with GAAP and fairly present the financial position of the Borrower as of the dates thereof and the results of the operations of
the Borrower for the periods covered, subject to normal year-end audit adjustments.

 

5.          Since
the date of the most current Financial Statements provided by Borrower there has been no material adverse change in the financial
position of Borrower or in the results of its operations.

 

IN WITNESS WHEREOF,
the undersigned has executed this Officer's Certificate as of the ___ day of ________, 20__.

 

	 	_________________________, a/an _______
	 	_________________________
	 	 	 	 
	 	By:	 	 
	 	 	 	 
	 	Name:	 	 
	 	Title:	 	 

  

    	Exhibit B
Page 1

    	 

    

 

Schedule 5.02(a)

 

Permitted Liens

 

1.     Those
liens and encumbrances set forth on Schedule B of Commitment No. 461646 issued by Chicago Title Insurance Company dated effective
December 17, 2012, as amended and updated to the date of recordation of the Security Instrument.

 

    	Schedule 5.02(b)
Page 1OFFICE LEASE

 

THIS OFFICE LEASE is
entered into this 6th day of March, 2013, by and between FIRST INTERNET BANCORP, an Indiana corporation (the "Landlord"),
and FIRST INTERNET BANK OF INDIANA (the "Tenant").

 

PART I

 

As used in this Lease, the following terms
have the following respective meanings:

 

		A.	The
                                                                                                                                               Premises

 

"Real Estate"
— the real estate described and/or depicted on Exhibit A-1.

 

"Building"
— the approximately 51,954 building located at 11201 USA Parkway, Fishers, Indiana.

 

"Leased Premises"
— the portion of the Building consisting of approximately 15,254 square feet located on the top floor of the Building
which is more particularly depicted on Exhibit A-2.

 

		B.	Effectiveness

 

"Term" —
approximately five (5) years, commencing on the Commencement Date and ending on the Expiration Date.

 

"Commencement Date"
— the earlier of (i) Tenant's occupancy of the Leased Premises for business purposes or (ii) Landlord's Substantial
Completion of the Leased Premises.

 

"Expiration Date"
— the last day of the calendar month during which the fifth (5th) anniversary of the Commencement Date
occurs.

 

"Scheduled Commencement
Date" — May 1, 2013.

 

		C.	Economic
                                                                                                                                               Provisions

 

"Minimum Rent"
— the annual amounts set forth on Schedule I.

 

"Additional Rent"
— the annual amount determined in accordance with Section 5.2 below.

 

"Cost Stop"
— the annual amount of Operating Costs per each rentable square foot of the Building for the calendar year of 2013.

 

		D.	Notice
                                                                                                                                               Addresses

 

"Landlord's Notice Address"
— First Internet Bancorp, 8888 Keystone Crossing, Suite 1700, Indianapolis, Indiana, Attention:  David Becker,
CEO.

 

"Tenant's Notice Address"
— First Internet Bank of Indiana, 8888 Keystone Crossing, Suite 1700, Indianapolis, Indiana, Attention:  Kay
Whitaker, CFO.

 

Part II of this Lease sets
forth the controlling terms and conditions of this Lease.

 

    	 

    	 

    

 

PART II

 

ARTICLE
1

LEASE OF SPACE; GENERAL DEFINITIONS

 

		1.2	Lease
                                                                                                                                           of
                                                                                                                                           Space.
                                                                                                                                           Landlord
                                                                                                                                           leases
                                                                                                                                           to
                                                                                                                                           Tenant
                                                                                                                                           and
                                                                                                                                           Tenant
                                                                                                                                           leases
                                                                                                                                           from
                                                                                                                                           Landlord,
                                                                                                                                           subject
                                                                                                                                           to
                                                                                                                                           the
                                                                                                                                           terms
                                                                                                                                           and
                                                                                                                                           conditions
                                                                                                                                           set
                                                                                                                                           forth
                                                                                                                                           in
                                                                                                                                           this
                                                                                                                                           Lease,
                                                                                                                                           the
                                                                                                                                           Leased
                                                                                                                                           Premises.

 

		1.3	General Definitions. As used in this Lease, the following
terms have the following respective meanings:

 

"ADA" — the
American With Disabilities Act (42 U.S.C. §§ 12101, et seq.), together with the regulations and
accessibility guidelines promulgated thereunder, as the same may be supplemented or amended from time to time.

 

"Additional Utility Consumption" — refers
to any Utility Costs chargeable to Tenant under Sections 5.6, 5.7, and/or 5.8 of this Lease.

 

"Asset Sale" — the
sale by Tenant of all or substantially all of its assets, including this Lease, to a single entity.

 

"Assignment by Operation
of Law" — the transfer or assignment of this Lease as a result of a Merger, Asset Sale or Stock Sale.

 

"Common Areas"
– shall have the meaning set forth in Section 7.1.

 

"Complete Destruction" — if
the Building is damaged or destroyed by fire or other cause to such an extent that the cost of repair and restoration of the Building
exceeds 30% of the amount it would cost to replace the Building in its entirety at the time such damage or destruction took place.
The opinion of an architect or registered engineer selected by Landlord as to the costs of such repair, restoration or replacement
shall be controlling upon both Landlord and Tenant.

 

"Cost Saving Installation" — a
labor saving device, energy savings device or other installation, improvement or replacement which is installed or made primarily
for the purpose of reducing Operating Costs, whether or not voluntary or required by government mandate.

 

"Default Damages" — all
actual damages incurred by reason of an Event of Default (as defined in Section 10.2 below), excluding Rent and Reletting
Costs, but including, without limitation:

 

		(a)	the costs of recovering the Leased Premises and removing Tenant's
property;

 

		(b)	interest on unpaid Rent as provided in this Lease; and

 

		(c)	Landlord's reasonable attorneys' fees and court costs.

 

"Environmental Laws" — all
statutes, ordinances, rules, regulations, and orders relating to environmental quality, contamination, and cleanup of Hazardous
Substances, including, without limitation: (a) the Comprehensive Environmental Response, Compensation, and Liability Act of
1980; (b) the Resource Conservation and Recovery Act of 1976; and (c) state superlien and environmental cleanup statutes,
as the foregoing may be supplemented, amended or modified from time to time.

 

    	-2-

    	 

    

 

"Essential Capital Improvement" — any
of the following:

 

		(a)	Cost Saving Installation; or

 

		(b)	An installation or improvement to the Real Estate and/or Building
required by reason of any Law, which requirement did not exist when the Building was constructed and is applicable to office buildings
in the governmental jurisdiction in which the Building is located.

 

"Final Statement" — a
statement of the actual Additional Rent payable by Tenant for any particular calendar year or partial calendar year during the
Term, reflecting the credits due for amounts paid by Tenant as estimated payments in respect of Additional Rent for such calendar
year or partial calendar year.

 

"Hazardous Substances" — means
any substance identified in Section 101(14) of CERCLA and shall include petroleum and any fraction thereof and all other substances
which are radioactive, toxic or hazardous to health or the environment, and all other substances that are or become, regulated
by any Law.

 

"Insurance Requirements" — requirements
of any and all insurance policies carried by Landlord under this Lease and/or relating to the Real Estate and/or Building.

 

"Law(s)" — all
applicable statutes, ordinances, rules, regulations, orders or other mandates of any federal, state or local governmental, or quasi-governmental,
authority, including, without limitation, (a) zoning ordinances, (b) Environmental Laws and (c) the ADA.

 

"Lease" — this
Office Lease, as the same shall be amended from time to time.

 

"Merger" — the
merger or consolidation of Tenant with one (1) or more entities or a liquidation of Tenant.

 

"Mortgagee" — any
holder of a mortgage lien, or lienholder under any method of financing or refinancing, now or hereafter in force against Landlord's
interest in the Real Estate and/or the Building.

 

"Normal Business Hours"
shall be 7:30 a.m. to 5:30 p.m., Monday through Friday, and 7:30 a.m. to 1:30 p.m. on Saturday, exclusive of
normal business holidays.

 

    	-3-

    	 

    

 

"Operating Costs" — for
each calendar year during the Term or within which the Term commences or ends, shall mean any and all costs and expenses reasonably
paid or incurred by Landlord in connection with the management, operation, security, maintenance and repair (including capital
repairs) of the Real Estate, Building and/or the Common Areas, including (but not limited to) salaries, wages, benefits and related
costs for employees directly providing or coordinating services at the Building; management fees, either as charged to Landlord
by outside management companies or an amount not exceeding the amount typically charged by outside management companies if Landlord
manages the Real Estate and Building itself or through an affiliated entity; charges for utilities and services for the Real Estate,
Building and/or the Common Areas (including any taxes thereon); the cost of insurance required to be carried by Landlord under
this Lease or which Landlord elects to carry with respect to the Real Estate and/or Building, including, without limitation, rent
loss insurance; the amount of any commercially reasonable deductible or self insurance reserve payable by Landlord with respect
to any damage to the Real Estate and/or Building or liability for injury (including death) to persons or damage to property for
which Landlord may be liable; license, permit and inspections fees; the cost of maintenance and repair of Building systems and
equipment (including replacement of components); the cost of supplies and materials used in the operation and maintenance of the
Real Estate, Building and/or the Common Areas; the cost of providing trash removal, window cleaning, janitorial services, and alarm
and security services; the cost of maintenance, repair, replacement (unless the same is determined to be an Essential Capital Improvement,
in which case the cost shall be amortized as provided below), repaving and restriping of curbs, sidewalks, parking areas and landscaping
located on the Real Estate (including removal of snow and ice); the cost of Building common area refurbishment (including, without
limitation, replacement of floor and wall coverings, window treatments, furniture and decorative items); any amounts payable under
any easement agreements and covenants, conditions and restrictions applicable to the Real Estate (as the same may be supplemented
or amended from time to time); equipment rental; the amortized portion of any expenditure by Landlord for machinery and equipment
used in the maintenance of the Real Estate, Building and/or the Common Areas (based on the useful life of such machinery and equipment
for federal income tax purposes), together with interest on the unamortized balance thereof at a rate of interest reasonably determined
by Landlord; the amortized portion of any capital expenditure for any Essential Capital Improvement (based on the useful life of
such improvement as reasonably determined by an independent certified public accountant engaged by Landlord), together with interest
on the unamortized balance thereof at a rate of interest reasonably determined by Landlord; costs relating to the financing of
Essential Capital Improvements; and legal, accounting and consulting services incurred in connection with the management, operation,
maintenance and repair of the Real Estate, Building and/or the Common Areas (except as otherwise provided below). Operating Costs
shall not include the following: costs of utilities, services and other benefits directly charged to and paid by Tenant; capital
expenditures (except as otherwise specifically provided above); accountant's fees related to the preparation of Landlord's financial
statements; interest, principal, points and fees on any debt instrument encumbering all or any portion of the Real Estate and/or
Building (except debt incurred in financing Essential Capital Improvements as specifically provided above); and Landlord's general
and administrative expenses.

 

"Partial Destruction" — if
the Building is damaged or destroyed by fire or other cause and such damage or destruction does not constitute a Complete Destruction.

 

"Payment Credit" — the
resulting credit if Tenant's Cost Percentage of the actual Operating Costs and the actual Tax Costs for a particular calendar year
or partial calendar year during the Term is less than the sum of (i) the amounts paid by Tenant pursuant to Section 5.2
below as estimated payments of Additional Rent for such year and (ii) the Stop Amount (as defined in Section 5.2 below).

 

"Payment Deficit" — the
resulting deficit if Tenant's Cost Percentage of the actual Operating Costs and the actual Tax Costs for a particular calendar
year or partial calendar year during the Term is more than the sum of (i) the amounts paid by Tenant pursuant to Section 5.2
below as estimated payments of Additional Rent for such year and (ii) the Stop Amount.

 

"Purchaser" — any
entity(ies) and/or person(s) that obtains control of Tenant as a result of a Stock Sale.

 

"Reletting Costs" — all
reasonable and customary expenses incurred by Landlord in connection with repossession, removal and reletting of the Leased Premises
in accordance with Sections 10.2 and/or 10.3, including, without limitation, any reasonable alterations and/or repairs to
the Leased Premises, or any allowance relating to the same, deemed necessary or advisable by Landlord in connection with reletting,
any lease commission and other fees or forms of compensation payable to brokers, and any attorneys' fees and court costs payable
in connection with reletting.

 

    	-4-

    	 

    

 

"Rent" — the
sum of the Minimum Rent, the Additional Rent and all additional sums, charges or amounts of whatever nature to be paid by Tenant
to Landlord in accordance with the provisions of this Lease, whether or not such sums, charges or amounts are referred to herein
as rent.

 

"Rules" — any
and all Building rules and regulations and other written directions of Landlord, as to which Landlord has given written notice
to Tenant, subject to Section 4.1 hereof.

 

"Stock Sale" — any
sale, transfer, or issuance of stock in Tenant to another: (a) entity; (b) group of related entities; (c) person;
and/or (d) group of related persons, or any change in ownership or power to vote a majority of Tenant's voting stock or any
change in ownership or control of Tenant or a beneficial interest therein.

 

"Substantial Completion"
or "Substantially Completed" — refers to the date on which:

 

		(a)	all Building services described in Section 6.1 are being provided;
and

 

		(b)	Landlord has completed the Work, subject to the Punch List Items
that will be set forth in the Letter Agreement (as such terms are referenced or defined in Section 2.3 or the Letter Agreement,
as applicable).

 

It is expressly understood that
Substantial Completion may occur or may have occurred for purposes of this Lease at a time when work is continuing with respect
to completion of the Leased Premises not required for the use of the Building by Tenant for purposes permitted by the following
Section 4.1.

 

"Tax Costs" — for
each calendar year during the Term or within which the Term commences or ends, shall mean the sum of the following: all currently
due installments of ad valorem property taxes and assessments levied upon or with respect to the Real Estate, Building or
Leased Premises, and all taxes, levies and charges that may be levied or imposed by any governmental authority in replacement of,
in lieu of, or in addition to ad valorem property taxes, in whole or in part, including, without limitation, a state or local
option tax designed for property tax relief purposes, or a license or franchise fee measured by rents received from the Building,
or otherwise measured or based upon Landlord's interest in the Real Estate, Building or Leased Premises; personal property taxes,
assessments, fees and charges with respect to personal property and equipment owned by Landlord and located on or used in connection
with the management, operation, maintenance and repair of the Real Estate and/or Building; and all reasonable and customary costs
and expenses (including, without limitation, attorneys' fees) associated with appeals of property tax assessments or otherwise.
However, Tax Costs shall not include any federal or state income tax.

 

"Tenant's Cost Percentage"
 —  means 29.361%.

 

"Utility Costs" — all
utility expenses or charges which are not directly charged to and paid by Tenant and incurred by Landlord in the furnishing of
heat, ventilation, air conditioning, water and sewer services, electricity, gas and other utility services, to the Real Estate,
the Building, the Common Areas or Leased Premises, including, without limitation, the cost of installing any additional facilities
that may be necessary to furnish to the Leased Premises any excess power that may be required by Tenants.

 

    	-5-

    	 

    

 

Article
2

CONSTRUCTION AND PREPARATION OF LEASED PREMISES

 

		2.1	Workletter Agreement. Landlord shall perform, or cause
to be performed, all work required to be performed by Landlord pursuant to the Workletter Agreement.

 

		2.2	Time for Substantial Completion. Subject to delays
resulting from Tenant Delays (as that term is defined in the Workletter Agreement), Landlord shall use commercially reasonable
efforts to cause the Leased Premises to be Substantially Completed according to the Plans (as that term is defined in the Workletter
Agreement) on or before the Scheduled Commencement Date. Notwithstanding anything to the contrary set forth herein (including the
fact that the Term has not commenced), the obligation of the Tenant to pay Minimum Rent and Additional Rent hereunder shall commence
on the date, as reasonably determined by Landlord, on which the Leased Premises would have been Substantially Completed but for
Tenant Delays. Landlord shall provide Tenant with not less than five (5) days' advance written notice of the estimated date
of Substantial Completion if such date varies by more than five (5) days from the Scheduled Commencement Date. In the event
Landlord fails to provide such notice, and if such notice is required, the date of Substantial Completion shall not be earlier
than ten (10) days from the date of such notice from Landlord.

 

		2.3	Acceptance of Leased Premises. Upon Substantial Completion
of the Leased Premises, and prior to Tenant's occupancy thereof, Tenant shall deliver to Landlord a letter agreement in the form
attached hereto as Exhibit C (the "Letter Agreement"). By its execution of the Letter Agreement and occupancy
of the Leased Premises, Tenant shall be deemed to represent and certify that it has examined the Leased Premises and that it thereby
accepts the Leased Premises in its condition at the time, subject to latent defects which could not be reasonably observed by a
professional inspection of the Leased Premises, Punch List Items (as that term is defined in the Workletter Agreement) set forth
in the Letter Agreement, and Landlord's obligations set forth in Section 6.6. Landlord shall review the Punch List Items with
Tenant and correct all undisputed Punch List Items within thirty (30) days after receipt of the Letter Agreement; provided
that, if any Punch List Item cannot be corrected within such thirty (30) day period despite reasonable diligence by Landlord,
then, so long as Landlord commences correction of such Punch List Item within such thirty (30) day period and diligently pursues
such correction to completion, no default by Landlord shall be deemed to have occurred. Except as expressly provided above, Tenant,
by occupying the Leased Premises, is accepting the same in its "as-is" condition, without warranties of any type, expressed
or implied.

 

		2.4	Delayed Completion. If the Leased Premises is not Substantially
Completed on or before the Scheduled Commencement Date; then, except as otherwise provided in Section 2.2 with respect to
delays in Substantial Completion of the Leased Premises caused by Tenant Delays, (a) as Tenant's sole and exclusive remedy,
the obligation of Tenant to pay Rent shall not commence until the date the Leased Premises is Substantially Completed (or such
earlier date as Tenant occupies the Leased Premises); and (b) Landlord shall not be liable to Tenant for any loss, cost or
damage arising from such delay.

 

Article
3

TERM

 

		3.1	Occupancy and Term. The Term of this Lease shall commence
on the Commencement Date. To evidence establishment of the Commencement Date and the Expiration Date, Landlord and Tenant promptly
shall execute the Letter Agreement. 

 

    	-6-

    	 

    

 

		3.2	Surrender of Leased Premises. Upon the expiration of
the Term or earlier termination of this Lease, Tenant shall remove (a) all of its furniture, office equipment, trade fixtures
and equipment and other unattached and moveable personal property, if any, (b) any items or improvements which Landlord indicated
in its written approval of Tenant's Plans that Tenant would be required to remove on or before the expiration of the Term or earlier
termination of this Lease, and (c) all telephone and computer/data equipment and wiring installed by Tenant, and shall surrender
the Leased Premises to Landlord together with all improvements made to the Leased Premises, whether made by Tenant or Landlord,
other than the improvements to be removed by Tenant as provided in the preceding clauses (b) and (c), all in good condition,
excepting ordinary wear and tear, damage by the elements, fire or other casualty which Landlord is obligated to repair, and condemnation.
Tenant, at its expense, promptly shall repair any damage to the Leased Premises caused by such removal. Any property of Tenant
not removed within ten (10) days after the expiration of the Term or earlier termination of this Lease shall be deemed, at
Landlord's option, to be the property of Landlord, and Landlord shall have the right, at Tenant's expense, to remove, store, or
dispose of such property in such manner as Landlord deems appropriate in its sole discretion and without liability to Tenant.

 

		3.3	Holding Over. If Tenant occupies the Leased Premises
after the expiration of the Term or earlier termination of this Lease with Landlord's consent, then: (a) a tenancy from month
to month shall be created; and (b) Tenant shall pay to Landlord, for each month of such possession, one hundred fifty percent (150%)
of the full amount of the monthly installment of Minimum Rent in effect immediately prior to the expiration of the Term or earlier
termination of this Lease. If Tenant occupies the Leased Premises after the expiration of the Term or earlier termination of this
Lease without Landlord's consent, Tenant shall be deemed a tenant at sufferance subject to immediate eviction and shall: (a) pay
to Landlord, for each day of such possession, the greater of: (i) the prevailing rent for similar premises; or (ii) two
hundred percent (200%) of the amount of the Minimum Rent in effect immediately prior to the expiration of the Term or earlier
termination of this Lease; computed on a daily basis; and (b) indemnify Landlord against any and all loss, claims, and damages
sustained by Landlord by reason of the occupancy by Tenant of the Leased Premises. The amounts payable by Tenant during any period
of holding over, either with or without Landlord's consent, shall: (a) include any Additional Rent, which shall apply as provided
for in this Lease on the same basis as during the Term; and (b) be payable, except as otherwise provided in this Article 3,
on the same terms and conditions as during the Term.

 

Article
4

USE OF LEASED PREMISES

 

		4.1	Use. Tenant shall use the Leased Premises solely for
general office uses to the extent permitted by applicable laws, ordinances and restrictions of record and for no other purpose.
Landlord shall have the right, from time to time, to promulgate the Rules; provided that the Rules do not: (a) increase or
enlarge the financial obligations of Tenant hereunder; (b) materially impair the use and enjoyment by Tenant of the Leased
Premises as provided above; or (c) materially limit the rights or privileges granted to Tenant hereunder. In the event of
a conflict between the terms of this Lease and the terms of the Rules, the terms of this Lease shall control.

 

		4.2	Safe and Prudent Use of Leased Premises. Tenant's use
of the Leased Premises at all times shall be safe, prudent, and in compliance with the Laws, the Insurance Requirements, and the
Rules. Tenant shall not: (a) commit or permit waste or damage to the Leased Premises; (b) improperly store any Hazardous
Substances, or otherwise permit or suffer any nuisance or hazardous or unsafe condition to occur or exist on the Leased Premises;
(c) create or permit any obstruction, injury, or annoyance to, or interference with, other tenants; or (d) cause or permit
Tenant's agents, employees, contractors, invitees, or licensees to violate or breach the Laws, the Insurance Requirements, or the
Rules.

 

    	-7-

    	 

    

 

		4.3	Signs and Window Coverings. Tenant shall not affix
or cause to be affixed to the Real Estate or the exterior of the Building (including the inside and outside of the windows), or
the interior of the Building, to the extent visible from the exterior of the Building, any sign, insignia, advertisement, notice,
or decoration without Landlord's written consent, which consent may be granted or withheld in Landlord's sole discretion. Window
coverings installed by Tenant shall require the prior approval of Landlord in accordance with Section 6.3 below and shall
conform to the control standard and uniform style established for the Building. All window coverings shall become the property
of Landlord and shall remain upon the Leased Premises, and be surrendered with same, upon the expiration or earlier termination
of this Lease.

 

		4.4	Floor Loads. Tenant shall not overload the floors of
the Leased Premises beyond their designed weight-bearing capacity. Landlord reserves the right to direct the positioning of all
heavy equipment, furniture and fixtures which Tenant desires to place in the Leased Premises so as to distribute properly the weight
thereof. Landlord may require the removal of any equipment or furniture which exceeds the weight limits of the Building.

 

Article
5

RENT

 

		5.1	Payment of Minimum Rent. Tenant shall pay the monthly
installment of Minimum Rent without notice or demand, in advance on the first day of each calendar month during the Term, commencing
on the Commencement Date. If the Commencement Date is not the first day of a calendar month, then there shall be added to the payment
due on the first day of the following month an additional amount for the partial month in which the Commencement Date occurs, calculated
by pro-rating the monthly installment of Minimum Rent based upon the number of days within the calendar month in which the Commencement
Date occurs as shall fall within the Term. 

 

		5.2	Computation and Payment of Additional Rent. For each
calendar year during the Term or within which the Term commences or ends, Tenant shall pay to Landlord as "Additional Rent"
an amount equal to the product of (a) Tenant's Cost Percentage, multiplied by (b) the sum of the Operating Costs and
Tax Costs for such calendar year, reduced by the Cost Stop. Tenant shall pay to Landlord each month, in advance, at the same time
as Minimum Rent is due, as estimated payments of Additional Rent, an amount equal to one-twelfth (1/12) of the amount estimated
by Landlord in accordance with the following Section 5.3 as the Additional Rent payable by Tenant for the calendar year in
which such month falls. If the Commencement Date is not the first day of a calendar month, then the monthly installment payment
of estimated Additional Rent for the calendar month in which the Commencement Date occurs shall be prorated based on the number
of days within such calendar month as shall fall within the Term and such prorated payment for such initial partial month shall
be added to the monthly installment of estimated Additional Rent payable on the first day of the following month. Except as hereinafter
provided in this Section 5.2, reconciliation of the actual amount payable by Tenant as Additional Rent for each calendar year
or partial calendar year during the Term and Tenant's estimated payments in respect of such Additional Rent shall be made in accordance
with the following Section 5.4. Subject to the penultimate sentence of this Section, if this Lease shall expire or terminate
on a date other than December 31 of any year, then Tenant shall pay on the first day of the last month of the Lease, the full
amount of its unpaid Additional Rent for such partial calendar year, calculated on the basis of: (i) actual Operating Costs
and Tax Costs incurred or accrued for such calendar year through the end of the month prior to the month of expiration or termination;
plus (ii) estimated additional Operating Costs and Tax Costs to be incurred or accrued for the period from the beginning of
the month of expiration or termination to the date of expiration or termination), and reflecting a credit to Tenant for amounts
paid by Tenant, if any, as estimated Additional Rent, as provided in Section 5.3 below, for the calendar year in which the
Lease terminates; and upon such payment, Tenant and Landlord shall have no further obligation hereunder for the payment or reconciliation
(pursuant to Section 5.4) of Additional Rent for the calendar year in which the Lease expires or terminates. If the amounts
so paid by Tenant as estimated Additional Rent for the calendar year in which the Lease expires or terminates exceed the amount
calculated under the preceding sentence, then the excess shall be refunded to Tenant promptly following the expiration or termination
of this Lease, subject, however, to all other provisions of this Lease. At Landlord's option, the calculation and payment of the
Additional Rent payable by Tenant for the calendar year in which the Lease expires or terminates shall be postponed and made on
the basis of the actual year-end Operating Costs and Tax Costs in accordance with Section 5.4, and pro-rated based upon the
number of days in the calendar year as preceded the Lease expiration or termination. Tenant's and Landlord's obligation to make
such payment shall survive the expiration or earlier termination of this Lease.

 

    	-8-

    	 

    

 

		5.3	Statements of Estimated Additional Rent. On or before
November 1 of each calendar year during the Term, Landlord shall deliver to Tenant a statement of the Additional Rent, if
any, estimated for the ensuing calendar year or part thereof during the Term, showing the estimated aggregate Operating Costs and
Tax Costs for such calendar year and the computation of the estimated Additional Rent after deduction of the Cost Stop payable
by Tenant for such calendar year or part thereof during the Term. Neither Landlord's failure to deliver, nor the late delivery
of, any such statement shall constitute a default by Landlord or relieve Tenant of its obligation to pay Additional Rent for any
calendar year or partial calendar year during the Term. If at any time during any calendar year of the Term the amount(s) and/or
the rates for any item(s) of Tax Costs or Operating Costs are increased or decreased to a rate(s) or amount(s) in excess of or
less than the rate(s) or amount(s) used in calculating the estimated Tax Costs and Operating Costs for such calendar year, the
monthly installments of estimated Additional Rent payable by Tenant to Landlord for the remainder of such calendar year may be
increased or decreased, as applicable, upon written notice from Landlord to Tenant (the "Adjustment Notice");
provided, however, that Landlord may give an Adjustment Notice no more than twice during any calendar year. Payment of such adjusted
monthly installments of Additional Rent shall commence with the first monthly payment of estimated Additional Rent required to
be made by Tenant after receipt of the Adjustment Notice.

 

		5.4	Final Statements. On or about May 1 of each year
during the Term, Landlord shall deliver to Tenant a Final Statement. If Tenant has a Payment Deficit, then Tenant shall pay the
full amount of the Payment Deficit to Landlord within thirty (30) days after Landlord delivers to Tenant the Final Statement
for the previous year. Any payment not made within such thirty (30) day period shall be a late payment as provided in Section 5.10.
Conversely, if: (a) Tenant has a Payment Credit; and (b) there is no Event of Default or any event which, with the passage
of time or giving or notice, would be an Event of Default; then Landlord shall offset such amount against the next installment
of Rent due under the Lease, unless the Lease has expired or has been terminated (and all Rent due under the Lease been paid),
in which event such sums shall be refunded to Tenant with the Final Statement. Landlord's and Tenant's obligations to reconcile
shall survive the expiration or termination of this Lease. Landlord's failure to deliver a Final Statement to Tenant shall not
relieve Tenant of any of its obligations to pay Additional Rent. Where only a portion of a calendar year falls within the Term,
Tenant's Additional Rent for such partial calendar year shall be prorated based on the number of days of such calendar year as
shall fall within the Term.

 

    	-9-

    	 

    

 

		5.5	Records and Audits. Landlord shall keep accurate books
and records relating to Tax Costs and Operating Costs. Such books and records shall be made available for inspection and audit
by Tenant or its representatives at Landlord's principal office or other location acceptable to Tenant during regular business
hours on reasonable prior notice. A Final Statement shall be final and not subject to dispute or audit unless a request to audit
said Final Statement is made by Tenant to Landlord within ninety (90) days after its delivery to Tenant and completed within
thirty (30) days of Tenant's request. Any such audit shall be conducted by Tenant's employees or by a certified public accountant
practicing in the Indianapolis area (who is not paid on a contingency basis) and shall be at the expense of Tenant, unless it discloses
an overstatement of Tax Costs and Operating Costs for a calendar year of five percent (5%) or more, in which case Landlord
shall reimburse Tenant for the costs of such audit within thirty (30) days after request by Tenant to Landlord for reimbursement
of such costs. Any adjustments to the payment of Additional Rent, as disclosed by the audit, shall be paid by the Landlord to Tenant
if the audit disclosed that the Tax Costs or Operating Costs were overstated, or shall be paid by Tenant to Landlord if the audit
disclosed Tax Costs or Operating Costs were understated, within thirty (30) days of the receipt of the audit by the applicable
party. Landlord shall be entitled to have the audit reviewed by its accountant and the party preparing the audit and Landlord's
accountant shall mutually resolve any dispute regarding the same. If they cannot reach agreement, a third party accountant selected
by Tenant from a panel of five (5) chosen by Landlord shall make a final determination as to such disputed matter. The cost
of the third accountant shall be divided between Landlord and Tenant unless the overstatement of the Tax Costs and Operating Costs
was in excess of five percent (5%), in which case the cost shall be paid as set forth above.

 

		5.6	Utility Requirements. Tenant shall pay any Utility
Costs incurred by Landlord.

 

		5.7	Additional HVAC Units. If Tenant maintains or installs
(subject to Landlord's approval as provided in Section 6.3) separate HVAC unit(s) in the Leased Premises, then Tenant shall,
at its own cost and expense, throughout the Term, keep in place a maintenance contract for all such HVAC units, providing for periodic
inspections and maintenance of the same, consistent with the manufacturer's recommendations and the customary practice of heating
and cooling contractors. The contract shall be with a professional heating and cooling company reasonably acceptable to Landlord.

 

		5.8	Additional Services and Expenses. Landlord shall not
be obligated to furnish any services or utilities other than those specified in Section 6.1.

 

		5.9	Place of Payment. All Rent payments shall be made to
Landlord, and shall be sent to Landlord at Landlord's Notice Address or at such other place as Landlord shall from time to time
designate in writing. All Rent shall be paid without relief from valuation and appraisement laws.

 

		5.10	Late Payments. If any payment of Rent is not received
by Landlord by the date due, then Tenant shall pay to Landlord on demand an administrative fee of Two Hundred Dollars ($200.00).
In addition, Tenant shall pay to Landlord interest on the unpaid Rent from the date due to the date of payment at the rate as provided
in the following Section 10.9. Amounts recoverable from Tenant pursuant to this Section shall be: (a) in addition to,
and not in lieu of, any other right or remedy that Landlord may have hereunder, at law, or in equity; and (b) payable by Tenant,
even if: (i) Landlord has not notified Tenant of the unpaid Rent; and (ii) there is not an Event of Default with respect
to the unpaid Rent.

 

    	-10-

    	 

    

 

Article
6

SERVICES, ALTERATIONS, MAINTENANCE AND REPAIRS

 

		6.1	General Services. Subject to the provisions contained
elsewhere in this Article 6 and in Article 10, and subject to reimbursement therefor as part of Operating Costs as provided
above, Landlord shall cause the following services to be furnished during the Term to the Building (the "Services"):
(i)  water for drinking, toilet purposes and sewer services on a twenty-four (24) hour, three hundred sixty-five (365)
day a year basis; (ii) electricity on a twenty-four (24) hour, three hundred sixty-five (365) day a year basis;
(iii) heating, ventilating and air conditioning, as required for the comfortable use and occupancy of the Building as are
customarily furnished by comparable buildings in the Indianapolis metropolitan area; provided, however, that heating, ventilating
and air conditioning service to Building at times other than Normal Business Hours shall be furnished only upon the written request
of Tenant delivered to Landlord on or before 4:00 p.m. one (1) business day prior to the date such service is required;
(iv) janitorial and cleaning services as are customarily furnished in comparable buildings in the Indianapolis metropolitan
area; and (v) normal trash removal services as are customary for comparable buildings in the Indianapolis metropolitan area.
Tenant, at its cost and expense, shall obtain and pay for all telephone services and computer/data services furnished to the Leased
Premises.

 

		6.2	Suspension of Services. Landlord reserves the right
to suspend provision of the Services, and to modify or make substitutions as to the nature, kind, quantity or character of the
Services provided, when necessary or advisable by reason of governmental regulations, civil commotion, strike or riot, fire or
other accident or emergency, or for necessary repairs, alterations, or improvements, or if any Service may not be reasonably available
on account of energy shortages or for any other reason beyond the power or control of Landlord. No suspension, modification or
substitution of any Service by Landlord, and no interruption of any Service by reason of governmental regulations, civil commotion,
strike or riot, fire or other accident or emergency, or for repairs, alterations or improvements, shall constitute an actual or
constructive eviction in whole or in part, or entitle Tenant to any abatement or diminution of Rent, or relieve Tenant from any
of Tenant's obligations under this Lease or impose any liability upon Landlord or its agents by reason of inconvenience or annoyance
to Tenant or injury to or interruption of Tenant's business or otherwise; provided that: (a) in the event of a suspension
or interruption of any Service required by Tenant for the use of the Leased Premises, Landlord shall use commercially reasonable
efforts to restore or reinstate the suspended or interrupted Service; and (b) in the event of a suspension or interruption
of any Service required for the use of the Leased Premises that: (i) results solely from the negligence of Landlord; and (ii) continues
for seven (7) consecutive days without restoration or reinstatement; then, subject to the last sentence of this Section 6.2,
the Minimum Rent herein provided shall be abated from the date that is seven (7) days after such Service is suspended or interrupted
until the date on which the Service is restored or reinstated so that Tenant is able to use the Leased Premises. Notwithstanding
the above, in the event that Landlord is entitled to receive reimbursement of any Rent lost due to an interruption in or a suspension
of Services under any rent loss insurance policy which Landlord then has in place, Landlord shall file a claim for such loss and,
to the extent that Landlord actually receives insurance proceeds related to such claim which are allocated to Tenant's Rent, as
reasonably determined by Landlord, Tenant shall not be obligated to pay any such Rent for which Landlord has received reimbursement.
The foregoing shall not, however, create any obligation on the part of Landlord to maintain any rent loss insurance. In no event,
however, shall Tenant be entitled to the abatement of any Rent if Tenant is able to operate its business in the Leased Premises.

 

		6.3	Tenant Alterations; Prior Approval by Landlord Required.
Following Substantial Completion of the Leased Premises, any alterations, improvements, additions, changes or modifications to
the Leased Premises, except for minor decorating or cosmetic alterations not affecting the structure of the Building or its internal
services or its exterior appearance or its interior appearance, if observable from outside of the Building, may be made only by
Landlord or someone under Landlord's direction at the sole expense of Tenant and subject to the prior written approval by Landlord
of all such alterations, improvements, additions, changes and modifications, including (without limitation) approval of the plans,
specifications and materials therefor. All alterations, additions, repairs, modifications, changes and improvements to the Leased
Premises shall be done in a good and workmanlike manner and shall not in any way affect the structure of the Building.

 

    	-11-

    	 

    

 

		6.4	Tenant Alterations; Property of Landlord.
All alterations, additions, repairs, modifications, changes and improvements to the Leased Premises shall be and remain the property
of Landlord, except unattached trade fixtures and equipment, office furniture and office equipment, and other unattached and moveable
personal property, and except improvements to be removed by Tenant as provided in Section 3.2.

 

		6.5	Liens. Tenant shall not suffer or cause the filing
of any mechanic's lien against the Leased Premises or the Real Estate or Building. If any mechanic's lien is filed against the
Leased Premises or the Real Estate or Building or any part thereof for work claimed to have been done for, or materials claimed
to have been furnished to, Tenant, then Tenant shall cause such mechanic's lien to be discharged of record by bonding or as provided
or required by Law by the earlier of (a) forty-five (45) days after notice of the filing or (b) within twenty (20)
days after notice of the filing of an action to foreclose such lien is provided to Tenant. Tenant shall indemnify and hold harmless
Landlord from and against any and all claims, judgments, liabilities, losses, costs, and expenses (including, without limitation,
reasonable attorneys' fees and court costs) incurred by Landlord as a result of, or in connection with, any such mechanic's lien.
All liens suffered or caused by Tenant shall attach to Tenant's interest only. Nothing in this Lease shall be deemed or construed
to constitute consent to, or request of, any party for the performance of any work for, or the furnishing of any materials to,
Tenant, nor as giving Tenant the right or authority to contract for, authorize, or permit the performance of any work or the furnishing
of any materials that would permit the attaching of a mechanic's lien to Landlord's interest.

 

		6.6	Maintenance by Landlord: All maintenance, repairs and
replacements to the Common Areas and/or the Building (excluding trade fixtures and equipment, office equipment and furniture and
furnishings, any additional HVAC units installed pursuant to Section 5.7, the maintenance, repair and replacement of which
shall be the sole responsibility of Tenant under the provision of the following Section 6.7 of this Lease), and the Building
systems and equipment (including mechanical systems and equipment) shall be the responsibility of Landlord, subject to reimbursement
therefor as part of Operating Costs to the extent provided above. Landlord shall keep the same in good condition, order and repair
at all times during the Term. Notwithstanding the foregoing, Tenant shall pay for all repairs or replacements resulting from the
negligence or willful misconduct of Tenant or its subtenants or other occupants of the Leased Premises or the respective agents,
employees, contractors or invitees of any of the foregoing, to the extent the same is not reimbursed by Landlord's insurance.

 

		6.7	Maintenance by Tenant. Tenant shall make all repairs
to the Leased Premises not required to be made by Landlord pursuant to the preceding Section 6.6 and shall be responsible
for any redecorating, recarpeting, remodeling, alteration and painting required by Tenant during the Term (other than the initial
leasehold improvements to be performed by Landlord pursuant to the Workletter Agreement).

 

    	-12-

    	 

    

 

Article
7

COMMON AREAS

 

		7.1	Control by Landlord. All driveways, entrances, exits,
aisles, parking spaces, truck-ways, and pedestrian sidewalks, pathways and ramps located on the Real Estate (collectively, "Common
Areas") shall be available for the non-exclusive use, in common, of Tenant, all other tenants of the Building, Landlord
and all other occupants of the development of which the Leased Premises are a part and their respective employees, guests and invitees,
subject to any covenants or restrictions in any ground lease, underlying lease, easements, agreements, declarations or any other
recorded documents applicable to the Real Estate or such Common Areas (the "Covenants"). Such Common Areas at
all times shall be subject to regulation and management by Landlord and others entitled to regulate the same pursuant to the Covenants,
and Tenant agrees to abide by the Rules, or by any rules or use limitations now or hereafter in place pursuant to the Covenants,
and to use its best efforts to cause its employees, guests and invitees to do the same.

 

		7.2	Changes in Building and Common Areas. Landlord reserves
the right, at any time, without the same constituting an actual or constructive eviction, and without incurring any liability to
Tenant therefor, (i)  to remove, add, improve, repair and close, on a temporary basis, the Common Areas or any part thereof;
(ii) to change the name, address, number or designation by which the Building or the Real Estate commonly is known; and (iii) to
take such other actions as Landlord deems necessary or desirable with a view to the convenient use of the Common Areas. Notwithstanding
anything to the contrary set forth herein, Landlord shall not exercise the rights reserved to it in this Section in a manner that:
(a) reduces the number of parking spaces available to the Building during Normal Business Hours to fewer than that required
under the applicable land use ordinance; or (b) denies reasonable access to the Leased Premises.

 

Article
8

ASSIGNMENT AND SUBLETTING

 

		8.1	Landlord's Consent Required. Tenant shall not assign,
mortgage, encumber or transfer this Lease, or sublet the Leased Premises, in whole or in part, nor grant a license or concession
in connection therewith, without the prior written consent of Landlord, which consent may be withheld in Landlord's sole discretion.
This prohibition shall include any act that has the effect of an Assignment by Operation of Law. The consent by Landlord to any
assignment or subletting shall not constitute a waiver of the requirement for such consent to any subsequent assignment or subletting.

 

		8.2	Notification of Landlord. In the event that Tenant
desires to assign this Lease or sublet the Leased Premises, in whole or in part, Tenant shall:

 

		(a)	notify Landlord of the name of the assignee, subtenant or the Purchaser,
if a Stock Sale, the names of the officers and controlling shareholders or partners of the assignee, subtenant or Purchaser and
the nature of the assignee's or subtenant's business; and

 

		(b)	provide to Landlord upon request current certified financial records
of the assignee or subtenant and any other information concerning the assignee, subtenant or Purchaser that Landlord may reasonably
request.

 

		8.3	Response by Landlord. Within fifteen (15) business
days after receipt of the last to be received of such notice, financial records and other information, Landlord shall respond to
Tenant's request for consent to the proposed assignment or sublease. In any event, Tenant shall remain fully liable to perform
all of the terms and conditions of this Lease.

 

    	-13-

    	 

    

 

		8.4	Excess Consideration on Assignment or Subletting. In
the event Landlord consents to Tenant assigning or subletting all or a portion of the Leased Premises, fifty percent (50%)
of the amount by which any rent accruing to Tenant as the result of such subletting in excess of the rent then being paid by Tenant
with respect to the subleased premises and any other economic consideration received or to be received by Tenant in connection
with any subletting or assignment, which exceeds all costs and expenses incurred by Tenant in connection with such sublease or
assignment, including (but not limited to) brokerage commissions, attorneys' fees, and costs of tenant improvements, relocation
payments and other concessions payable to the subtenant or assignee, shall be paid to Landlord as Rent within ten (10) business
days following receipt thereof by Tenant.

 

Article
9

INSURANCE AND INDEMNIFICATION

 

		9.1	Property Insurance; Landlord's Responsibility. Landlord
shall carry at all times during the Term of this Lease a policy of insurance that insures the Building against loss or damage by
fire or other perils against which insurance is afforded by a standard "all-risk" coverage insurance policy; provided
that Landlord shall not be responsible for, and shall not be obligated to insure against, any loss of or damage to any personal
property of Tenant or that Tenant may have in the Building or on the Leased Premises, or personal property of others in, on or
about the Leased Premises, including any trade fixtures or equipment or office equipment installed by Tenant on the Leased Premises,
or any additional improvements that Tenant may construct in the Building, and Landlord shall not be liable for any loss or damage
to such property. Landlord may, at its election, carry any additional insurance which it determines is appropriate for the operation
of the Building, including, without limitation, rent loss insurance.

 

		9.2	Property Insurance; Tenant's Responsibility. Tenant,
at its expense, shall carry at all times during the Term of this Lease one (1) or more policies of fire and "all-risk"
coverage insurance policy with respect to any property located in, on or about the Leased Premises in which Tenant has an insurable
interest as reasonably required to protect and insure Tenant's interest in such property.

 

		9.3	Liability Insurance; Landlord's Responsibility. Landlord
shall keep in full force and effect during the Term of this Lease commercial general liability insurance with respect to the operation
of the Building by Landlord having a minimum limit of combined coverage of bodily injury and property damage of not less than Three
Million Dollars ($3,000,000); provided, however, that Landlord may elect to self-insure the risks provided for hereunder and
in Section 9.1.

 

		9.4	Liability Insurance; Tenant's Responsibility. Tenant,
at its sole expense, shall keep in full force and effect during the Term of this Lease one (1) or more policies of commercial
general liability insurance with respect to the Leased Premises and Tenant's use and occupancy thereof protecting Landlord and
Tenant from all causes, including their own negligence, naming Landlord as an additional insured and having a minimum limit of
combined coverage of bodily injury and property damage of not less than Three Million Dollars ($3,000,000). The company or companies
issuing such policies of insurance shall be reasonably approved by Landlord. Such insurance policies required to be maintained
by Tenant under this Lease shall contain a clause that the insurer will not cancel or change the insurance without first giving
Landlord and Tenant thirty (30) days' prior notice. Tenant shall deliver to Landlord a copy of the policy or a certificate
of insurance maintained by Tenant pursuant to this Section 9.4 and Section 9.2 above.

 

    	-14-

    	 

    

 

		9.5	Mutual Waiver of Subrogation. Landlord and Tenant hereby
release each other and each other's employees and agents from any and all liability for any loss of or damage to the Leased Premises,
the Building or personal property within the Building by reason of fire or other peril to the extent that the same is insured or
required by this Lease to be insured against under a standard fire and "all-risk" coverage insurance policy, regardless
of cause, including the negligence of Landlord or Tenant or their respective employees, agents, customers and invitees, and agree
that such insurance carried by either of them shall contain a clause whereby the insurer waives its right of subrogation against
the other party. Because the provisions of this Section 9.5 are intended to preclude the assignment of any claim mentioned
herein by way of subrogation or otherwise to an insurer or any other person, each party to this Lease shall give to each insurance
company that has issued to it one (1) or more policies of fire and "all-risk" coverage insurance notice of the provisions
of this Section 9.5 and have such insurance policies properly endorsed, if necessary, to prevent the invalidation of such
insurance by reason of the provisions of this Section 9.5.

 

		9.6	Tenant's Property. Notwithstanding anything in this
Lease to the contrary, Tenant shall bear the risk of any loss or damage to its property, regardless of the cause of the same, including,
without limitation, Landlord's negligence; and Tenant hereby releases Landlord from any and all liability for the same.

 

		9.7	Tenant's Indemnification of Landlord. Subject to the
terms and conditions of Section 9.5, Tenant shall indemnify Landlord and hold it harmless from any and all liability for any
loss of or damage or injury to any person (including death resulting therefrom) or property occurring in, on or about the Leased
Premises, regardless of cause, except to the extent caused by the sole negligence or willful misconduct of Landlord or its employees,
agents or contractors.

 

		9.8	Obligation to Indemnify; Duties Included. Any obligation
to indemnify Landlord under this Lease shall include the duty to defend against any claims asserted by reason of such loss, damage
or injury with counsel reasonably acceptable to Landlord and to pay any judgments, settlements, costs, fees and expenses, including
reasonable attorneys' fees, incurred in connection therewith.

 

Article
10

TERMINATION AND DEFAULT

 

		10.1	Default by Tenant; When Notice Required. Each of the
following shall be deemed a default by Tenant:

 

		(a)	Tenant's failure to pay Rent as herein provided when due and the
continuance of such default for ten (10) days after the due date therefore;

 

		(b)	Tenant's failure to perform any other term, condition or covenant
of this Lease to be observed by Tenant and the continuance of such default after ten (10) days' written notice from Landlord
to Tenant (except in the event such default is of a nature as not to be reasonably susceptible to cure within said ten (10)
day period, in which case the period of cure shall be extended so long as Tenant commences its efforts to cure within said ten (10)
day period and thereafter diligently pursues and completes such cure within sixty (60) days after such written notice);

 

		(c)	Tenant's vacation or abandonment of the Leased Premises;

 

		(d)	The sale of Tenant's leasehold interest hereunder pursuant to execution;

 

		(e)	The adjudication of Tenant as a bankrupt;

 

		(f)	The making by Tenant of a general assignment for the benefit of creditors;

 

    	-15-

    	 

    

 

		(g)	The appointment of a receiver in equity for Tenant's property if
such appointment is not vacated or satisfied within thirty (30) days from the date of such appointment;

 

		(h)	The appointment of a trustee or receiver for Tenant's property in
a reorganization, arrangement or other bankruptcy proceeding if such appointment is not vacated or set aside within thirty (30)
days from the date of such appointment;

 

		(i)	Tenant's filing of a voluntary petition in bankruptcy or for reorganization
or arrangement or the filing of an involuntary petition in bankruptcy or for reorganization or arrangement against Tenant if such
petition is not vacated within thirty (30) days after the filing thereof; or

 

		(j)	Tenant's filing of an answer admitting bankruptcy or agreeing to
reorganization or arrangement.

 

		10.2	Landlord's Remedies; Repossession, Removal and Reletting.
In the event of a default as provided in, and subject to the notice and cure periods of, Section 10.1 above ("Event
of Default") by Tenant, Landlord may take possession of the Leased Premises, remove Tenant's property and relet the Leased
Premises. Any such repossession, removal and reletting shall not terminate this Lease or Tenant's obligations under this Lease,
absent a notice of termination from Landlord, and any Default Damages and/or Reletting Costs, together with interest thereon as
provided in Section 10.9, shall be paid by Tenant immediately upon notice. Upon any reletting, all rentals received by Landlord
from such reletting shall be applied: first to the payment of Default Damages and Reletting Costs; second to the payment of Rent
and any other indebtedness due and unpaid hereunder; and the remainder, if any, shall be held by Landlord and applied in payment
of future Rent as it becomes due and payable hereunder. If the rentals received from such reletting during any month are less than
the amounts to be paid by Tenant hereunder during that month, Tenant shall pay such deficiency to Landlord. Notwithstanding any
reletting without termination, Landlord may at any time thereafter elect to terminate this Lease for any previous Event of Default.

 

		10.3	Landlord's Remedies; Termination of Lease and Immediate Recovery
of All Damages. Following an Event of a Default by Tenant, Landlord may terminate this Lease effective immediately upon
notice of termination to Tenant, and, in addition to any other remedy Landlord may have, Landlord immediately may recover from
Tenant: (a) all Rent and other indebtedness due and unpaid hereunder; (b) all Default Damages; and (c) an amount
equal to the Rent provided for in this Lease (which shall consist of the Rent at the annual rate payable at the time, including
the amount paid or payable by Tenant as Additional Rent immediately preceding the termination of this Lease, as well as all projected
increases in such Rent, based on the Minimum Rent provided for in this Lease and reasonably estimated Additional Rent, for all
calendar years succeeding the termination of this Lease) for the remainder of the Term, discounted at the rate of four percent
(4%) per annum, as liquidated damages. Such amount shall be immediately due and payable. Tenant's liability for the foregoing amounts
shall survive any termination of this Lease.

 

		10.4	Cure of Default for Tenant's Account. If there is an
uncured Event of Default by Tenant, Landlord may cure the Event of Default for the account of Tenant. If, in curing such Event
of Default, Landlord pays any sum of money or incurs any expense, such sum or expense so paid or incurred shall be reimbursed by
Tenant upon demand by Landlord, and, until paid, shall bear interest from the date paid or advanced by Landlord at the rate provided
in Section 10.9.

 

    	-16-

    	 

    

 

		10.5	Expenses and Attorneys' Fees. The non-prevailing party
shall pay the reasonable costs and expenses (including court costs and reasonable attorneys' fees) incurred by the prevailing party
in successfully enforcing or defending any provision of this Lease against the non-prevailing party.

 

		10.6	Non-waiver. Any action taken by Landlord under this
Article 10 shall not operate as a waiver of any right that Landlord would otherwise have against Tenant for Rent or otherwise,
and Tenant shall remain responsible to Landlord for any loss or damage suffered by Landlord by reason of an Event of Default. Either
party's failure to exercise any right under this Lease in the event of a default by the other shall not prevent the non-defaulting
party from thereafter exercising such right for the same or any other default. The non-defaulting party's rights and remedies hereunder
are cumulative, and exercise by the non-defaulting party of any of its rights in the event of a default by the other shall not
be deemed an election and shall not prevent the non-defaulting party from thereafter resorting to any remedy available to it hereunder
or by law for the same or any other default.

 

		10.7	Default by Landlord; Notification by Tenant. Landlord
shall in no event be charged with default in the performance of any of its obligations hereunder unless and until Landlord shall
have failed to perform such obligations within thirty (30) days after notice to Landlord by Tenant properly specifying wherein
Landlord has failed to perform any such obligations; provided that if the matter that is the subject of the notice is of such a
nature that the same cannot be corrected within thirty (30) days, then no default shall be deemed to have occurred if Landlord,
before the expiration of the thirty (30) day period from the date of giving of notice by Tenant, commences to correct any
such default and thereafter diligently prosecutes the same to completion. In no event shall Tenant be entitled to withhold the
payment of Rent or to offset any amounts against Rent due as a result of Landlord's default. If Landlord shall fail to perform
any of its obligations under this Lease and if Tenant shall, as a consequence thereof, recover a money judgment against Landlord,
Tenant agrees that it shall look solely to Landlord's right, title and interest in and to the Real Estate and the Building and
all proceeds therefrom for the collection of such judgment; and Tenant further agrees that no other assets of Landlord shall be
subject to levy, execution or other process for the satisfaction of Tenant's judgment and that Landlord shall not be liable for
any deficiency. In the event of a sale or other transfer of Landlord's interest in the Real Estate and the Building (except a mortgage
or other transfer as security for a debt), the "Landlord" named in Part I (or, in the case of a subsequent transfer,
the transferor) shall, after the date of such transfer, be automatically released from liability for the performance of any obligation
occurring after the date of such transfer, and the transferee shall be deemed to have assumed all of such obligations.

 

		10.8	Application of Payments; Acceptance of Checks. Landlord
shall have the right to apply any payments made by Tenant to the satisfaction of any debt or obligation of Tenant to Landlord according
to Landlord's sole discretion and regardless of the instructions of Tenant as to application of any such sum, whether such instructions
be endorsed upon Tenant's check or otherwise, unless otherwise agreed by both parties in writing. The acceptance by Landlord of
a check or checks drawn by others than Tenant shall in no way affect Tenant's liability hereunder nor shall it be deemed an approval
of any assignment of this Lease by Tenant.

 

		10.9	Interest as Additional Rent. Whenever in this Lease
it is provided that a payment not made by Tenant when due, or by a specified date, shall thereafter bear interest, the rate of
interest applicable in each such case from and after such due date or specified date shall be 18% per annum, and all such interest
shall be deemed payable by Tenant as Rent under this Lease.

 

    	-17-

    	 

    

 

Article
11

DESTRUCTION OR CONDEMNATION

 

		11.1	Destruction; Option to Terminate. In the event of Complete
Destruction of the Leased Premises or Building, Landlord shall have the right to terminate this Lease by giving Tenant notice of
such election within forty-five (45) days after the occurrence of the Complete Destruction, and this Lease shall terminate
as of fifteen (15) days after the date such notice is given; provided that Minimum Rent and Additional Rent shall be abated
as of the date of the Complete Destruction. In the event Landlord does not elect to terminate this Lease following a Complete Destruction
of the Leased Premises, Landlord shall furnish to Tenant within sixty (60) days following such Complete Destruction, an estimate,
as reasonably determined by Landlord's architect, of the time necessary to complete the repair and restoration of the Leased Premises.
If such estimated period required for reconstruction is more than twelve (12) months after the date of such Complete Destruction
of the Leased Premises, Tenant may terminate this Lease by providing notice of such termination to Landlord no later than fifteen (15)
days from the date Tenant receives Landlord's notice of the estimated time required to restore the Leased Premises, which termination
shall be effective upon receipt of Tenant's notice. If neither Landlord nor Tenant terminate this Lease pursuant to the foregoing
provisions of this Section 11.1, or in the event of a Partial Destruction of the Leased Premises or the Building, Landlord,
at its expense, shall promptly repair and restore the Leased Premises and the Building to substantially the same condition it was
in prior to the Complete or Partial Destruction; provided that if a Complete or Partial Destruction of the Leased Premises occurs
during the last year of the Term, then Landlord (or Tenant solely with respect to a Complete Destruction) shall have the right
to terminate this Lease by giving the other party notice of such election within thirty (30) days after the occurrence of
the Complete or Partial Destruction, and this Lease shall terminate as of the date fifteen (15) days after such notice is
given.

 

		11.2	Destruction; Abatement of Rent. In the event of a Complete
or Partial Destruction of the Leased Premises, the Minimum Rent and Additional Rent, or a fair and equitable portion thereof (based
upon the proportion that the square footage of unusable space bears to the total rentable square footage of the Building), shall
be abated until such time as the Leased Premises is repaired and restored; provided that such Rent shall not be abated during any
period that Landlord provides Tenant with comparable alternative space. Landlord's obligation to repair and restore includes the
tenant finish work for which Landlord is required to maintain insurance pursuant to Section 9.1, but does not include personal
property (including office equipment) or improvements installed or owned by Tenant.

 

		11.3	Condemnation; Termination of Lease. If the entire Building
or Real Estate, or such portion thereof as will make the remainder unsuitable for the use permitted by this Lease, is condemned
by any legally constituted authority, or if a conveyance or other acquisition in lieu of such condemnation is made, then this Lease
shall terminate as of the date possession is required by the condemnor.

 

		11.4	Partial Condemnation; Repairs. In the event a portion
of the Building or Real Estate is so condemned or conveyed, but the remainder is suitable (or through repair can be made suitable)
for the use permitted by this Lease, Landlord shall promptly make the necessary repairs and this Lease shall not terminate.

 

		11.5	Compensation. All compensation paid in connection with
any condemnation shall belong to and be the sole property of the Landlord, except to the extent of any specific award to the Tenant
for the taking of any trade fixtures or other tangible personal property or for moving expenses.

 

    	-18-

    	 

    

 

Article
12

ESTOPPEL CERTIFICATE, SUBORDINATION AND ATTORNMENT

 

		12.1	Estoppel Certificates. Tenant shall, within ten (10)
days after any request in writing from Landlord, execute, acknowledge and deliver to Landlord or any person or entity designated
by Landlord a statement in writing in the form of Exhibit D attached hereto or such other form as may be reasonably required
by the Mortgagee, prospective purchaser or other party requesting such statement certifying as to certain matters relating to this
Lease, including, without limitation the fact that this Lease is unmodified, in full force and effect, and that there are no defenses
or offsets thereto (or stating any modifications and claimed defenses or offsets), and the dates to which the Rent has been paid.

 

		12.2	Default by Landlord; Copy of Notice to Mortgagee. Tenant
agrees to give Mortgagee, by registered mail, a copy of any notice of default served upon Landlord, provided that prior to such
notice of default Tenant has been notified of the existence of such Mortgagee's mortgage and the address of such Mortgagee. Tenant
further agrees that if Landlord has failed to cure any such default within the time provided by Section 10.7, then Mortgagee
shall have an additional thirty (30) days within which to cure such default, or if such default cannot be cured within that
time, then such additional time as may be necessary to effect such cure if within such thirty (30) days Mortgagee has commenced
and is diligently pursuing the remedies necessary to cure such default, including, without limitation commencement of foreclosure
proceedings if necessary to effect such cure.

 

		12.3	Subordination. This Lease is and shall be subordinate
to all ground leases and underlying leases and to the lien of any mortgage or mortgages, or the lien resulting from any other method
of financing or refinancing, now or hereafter affecting such leases and/or Landlord's leasehold interest in the Real Estate and/or
the Building and to all advances made or hereafter to be made upon the security thereof; provided, however, that any such instrument
shall recognize Tenant's right of non-disturbance so long as Tenant is not in default under this Lease. No instrument or act on
the part of Tenant shall be necessary to effectuate the subordination provided for herein, but Tenant shall, nevertheless, execute
and deliver such further instruments not inconsistent with the terms hereof subordinating this Lease to any such leases or mortgages
as may be requested by any such landlord or mortgagee. Upon request by Landlord at any time, Tenant shall execute and deliver,
within ten (10) days after such request, to any Mortgagee an agreement consistent with this Section 12.3 as may be reasonably
requested by such Mortgagee.

 

		12.4	Attornment. In the event any proceedings are brought
for the foreclosure of any mortgage covering Landlord's leasehold interest in the Real Estate or the Building, Tenant shall attorn
to the purchaser upon any sale resulting, directly or indirectly, from such proceedings and recognize such purchaser as the Landlord
under this Lease.

 

Article
13

MISCELLANEOUS PROVISIONS

 

		13.1	Governing Law. This Lease shall be governed by the
laws of the State of Indiana.

 

		13.2	Interpretation. The captions and article and section
numbers appearing in this Lease are for convenience of reference only; they shall not be considered a part of this Lease, nor shall
they modify, amend or in any way affect the interpretation of its provisions. This Lease contains the entire agreement between
the parties and shall not be modified in any manner except by an instrument in writing executed by the parties hereto. When applicable,
use of the singular form of any word shall mean or apply to the plural and the neuter form shall mean or apply to the feminine
or masculine.

 

    	-19-

    	 

    

 

		13.3	Severability. If any term or provision of this Lease
shall be invalid or unenforceable, the remainder of this Lease nevertheless shall be valid and enforceable to the fullest extent
permitted by law.

 

		13.4	Notices. All notices, payments and demands that may
or are required to be given by either party to the other hereunder shall be in writing and shall be deemed to be given when mailed
by United States mail (certified or registered mail in the case of notices and demands), postage prepaid or sent by over-night
commercial courier, delivery guaranteed, addressed to Tenant at Tenant's Notice Address or addressed to Landlord at Landlord's
Notice Address. Any party may change its Notice Address from time to time by notice given as provided above.

 

		13.5	Brokers. Tenant and Landlord represent and warrant
that they have not dealt with any broker or similar person in connection with this Lease and/or the leasing of the Leased Premises.
Each party shall indemnify the other from any liability for compensation payable to any broker or similar person claiming to have
dealt with Tenant or Landlord, as the case may be, in connection with this Lease and/or the leasing of the Leased Premises. 

 

		13.6	Quiet Enjoyment. So long as no Event of Default currently
exists, Tenant at all times during the Term shall have the peaceable and quiet enjoyment of possession of the Leased Premises without
hindrance from Landlord or any parties lawfully claiming under Landlord, subject, however, to any ground lease, underlying lease,
or mortgage or similar lien to which this Lease is subordinate and to the rights of any landlord or mortgagee (as applicable) thereunder.

 

		13.7	Access. Landlord reserves the right to enter the Leased
Premises in any emergency and at any and all reasonable times, and to inspect the same, and, as reasonably deemed necessary by
Landlord, to alter, improve or repair the Leased Premises, the Building or the Real Estate on which the Building is located, without
abatement of Rent; provided that, so long as no emergency exists, Landlord shall use commercially reasonable efforts to avoid materially
interfering with the conduct of Tenant's business in the Leased Premises. Subject to the above, Tenant hereby waives as against
Landlord: (a) any claim for damage for any injury or inconvenience to or interference with Tenant's business; (b) any
loss of occupancy or quiet enjoyment of the Leased Premises; and (c) and any other loss occasioned; in any case as a result
of Landlord's entry upon the Leased Premises pursuant to the terms and conditions of this Section.

 

		13.8	Hazardous Substances.

 

		(a)	Notwithstanding anything to the contrary set forth herein, Tenant
shall not: (i) use or permit the use of the Leased Premises for the treatment or disposal of any Hazardous Substances; or
(ii) store or use or permit the storage or use of any Hazardous Substance on the Leased Premises, except for such storage
and usage of those types and minimal amounts of Hazardous Substances, as are ordinary, customary and necessary for the operations
permitted under this Lease and stored and/or used in strict conformity with all applicable Environmental Laws; provided that Tenant
or any other occupants of the Leased Premises shall not stockpile Hazardous Substances or otherwise store more Hazardous Substances
on the Leased Premises than are ordinary, customary and necessary to conduct with reasonable dispatch the operations permitted
under this Lease. All storage, usage, and transportation of Hazardous Substances shall be conducted in compliance with the Laws
and Rules, and Tenant shall take all necessary and appropriate safety precautions in connection with such storage, usage, and transportation.

 

    	-20-

    	 

    

 

		(b)	Tenant agrees to indemnify and hold harmless Landlord, and any party
affiliated with Landlord, from and against any and all claims, judgments, liabilities, losses, costs, and expenses (including,
without limitation, reasonable attorneys' fees and court costs) arising from, or in connection with: (i) any treatment, disposal,
storage or usage of any Hazardous Substances in, on, or about the Leased Premises; or (ii) any transportation of any Hazardous
Substances to or from the Leased Premises, whether or not such storage or usage constitutes a failure of Tenant fully to observe
or perform its obligations under this Section or fully to comply with or observe the limitations and restrictions under this Section.
The claims, judgments, liabilities, losses, costs, and expenses from and against which Tenant has agreed to indemnify and hold
harmless Landlord, and any party affiliated with Landlord, under this Section shall include (without limitation) the following:
(i) any obligation or liability of Tenant or Landlord under any Law to remove any Hazardous Substance or contaminated soil
or groundwater, from the Leased Premises, the Building or the Real Estate, "clean up" any contamination of the soil or
the groundwater in, on, or under the Building or the Real Estate, or perform any remediation of or for the Leased Premises, the
Building or the Real Estate; (ii) all charges, fines, or penalties imposed by governmental authority or under any Law governing
Hazardous Substances; and (iii) all claims by, and liabilities to, any third party.

 

		13.9	Tenant's Options. In no event shall Tenant be entitled
to exercise any option under this Lease, including, without limitation, an option to expand or contract the Leased Premises or
an option to extend the Term, to the extent expressly provided for herein, in the event that as of the date of the notice of Tenant's
exercise of such option or as of the date such option would otherwise take effect, an Event of Default exists.

 

		13.10	Successors and Assigns. The provisions of this Lease
shall apply to, bind and inure to the benefit of Landlord and Tenant and, subject to the limitations in Article 8, their respective
successors and assigns.

 

		13.11	Waiver of Trial by Jury. LANDLORD AND TENANT EXPRESSLY
AND KNOWINGLY WAIVE AND RELEASE ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER PARTY AGAINST
THE OTHER ON ANY MATTERS ARISING OUT OF OR IN ANY WAY CONNECTED WITH THIS LEASE, TENANT'S USE OR OCCUPANCY OF THE LEASED PREMISES,
AND/OR ANY CLAIM FOR INJURY OR DAMAGE.

 

		13.12	No Offer. The submission of this document is neither
an offer to lease the Leased Premises nor an agreement by Landlord to reserve the Leased Premises for any Tenant. Landlord will
not be bound to Tenant until Tenant has duly executed and delivered duplicate originals of this Lease to Landlord and Landlord
has duly executed and delivered one (1) of those duplicate originals to Tenant.

 

    	-21-

    	 

    

 

		13.13	Compliance with Law; Regulatory Changes. It is the
parties' intent to comply strictly with all applicable Laws, including without limitation, Indiana State statutes, case laws, regulations
or general instructions, in connection with this Lease. In the event there shall be a change in the Indiana State statutes, case
laws, regulations or general instructions, the interpretation of any of the foregoing, the adoption of new federal or Indiana State
legislation, any of which are reasonably likely to materially and adversely affect the manner in which either party may perform
or be compensated for under this Lease or which shall make this Lease unlawful, the parties shall immediately enter into good faith
negotiations regarding an arrangement or basis for compensation for the use of the Leased Premises furnished pursuant to this Lease
that complies with the law, regulation, or policy and that approximates as closely as possible the economic position of the parties
prior to the change. In addition, the parties hereto have negotiated and prepared the terms of this Lease in good faith with the
intent that each and every one of the terms, covenants and conditions herein be binding upon and inure to the benefit of the respective
parties. Accordingly, if any one (1) or more of the terms, provisions, promises, covenants or conditions of this Lease or
the application thereof to any person or circumstance shall be adjudged to any extent invalid, unenforceable, void or voidable
for any reason whatsoever by a court of competent jurisdiction or an arbitration tribunal, such provision shall be as narrowly
construed as possible, and each and all of the remaining terms, provisions, promises, covenants and conditions of this Lease or
their application to other persons or circumstances shall not be affected thereby and shall be valid and enforceable to the fullest
extent permitted by law. To the extent this Lease is in violation of applicable law, then the parties agree to negotiate in good
faith to amend this Lease, to the extent possible consistent with its purposes, to conform to law.

 

		13.14	OFAC Compliance. Subject
to paragraph (d) below, Landlord and Tenant (each a "Party") each represents and warrants to the other that
(a) it and each person or entity owning an interest in it is (i) not currently identified on the Specially Designated
Nationals and Blocked Persons List maintained by the Office of Foreign Assets Control, Department of the Treasury ("OFAC")
and/or on any other similar list maintained by OFAC pursuant to any authorizing statute, executive order or regulation (collectively,
the "List"), and (ii) not a person or entity with whom a citizen of the United States is prohibited
to engage in transactions by any trade embargo, economic sanction, or other prohibition of United States law, regulation or
Executive Order of the President of the United States, (b) none of the funds or other assets of such Party constitute
property of, or are beneficially owned, directly or indirectly, by any Embargoed Person (as hereinafter defined), (c) no
Embargoed Person has any interest of any nature whatsoever in such Party (whether directly or indirectly), (d) none of the
funds of Tenant have been derived from any unlawful activity with the result that the investment in Tenant is prohibited by law
or that the Lease is in violation of law, (e) none of the funds of Landlord have been derived from any unlawful activity with
the result that the investment in the Leased Premises is prohibited by law or that the Lease is in violation of law, and (f) each
Party has implemented procedures, and will consistently apply those procedures, to ensure the foregoing representations and warranties
remain true and correct at all times. The term "Embargoed Person" means any person,, entity or government
subject to trade restrictions under U.S. law, including but not limited to, the International Emergency Economic Powers Act, 50 U.S.C.
§ 1701 et seq., The Trading with the Enemy Act, 50 U.S.C. App. 1 et seq., and
any Executive Orders or regulations promulgated thereunder with the result that the investment in Tenant is prohibited by law or
Tenant is in violation of law.

 

(a)         Subject
to paragraph (d) below, Tenant covenants and agrees (a) to comply with all requirements of law relating to money laundering,
anti-terrorism, trade embargos and economic sanctions, now or hereafter in effect, (b) to immediately notify Landlord in writing
if any of the representations, warranties or covenants set forth in this paragraph or the preceding paragraph are no longer true
or have been breached or if Tenant has a reasonable basis to believe that they may no longer be true or have been breached, and
(c) not to use funds from any "Prohibited Person" (as such term is defined in the September 24, 2001, Executive
Order Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism) to make
any payment due to Landlord under the Lease.

 

    	-22-

    	 

    

 

Landlord covenants
and agrees (a) to comply with all with all requirements of law relating to money laundering, anti-terrorism, trade embargos
and economic sanctions, now or hereafter in effect, (b) to immediately notify Tenant in writing if any of the representations,
warranties or covenants set forth in this paragraph or the preceding paragraph are no longer true or have been breached or if Landlord
has a reasonable basis to believe that they may no longer be true or have been breached, and (c) not to use funds from any
"Prohibited Person" as such term is defined in the September 24, 2001, Executive Order Blocking Property and Prohibiting
Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism) to make any payment due to Tenant under the Lease.

 

(b)         Each
Party hereby acknowledges and agrees that such Party's inclusion on the
List at any time during the Term shall be a material default of the Lease. Notwithstanding anything herein to the contrary, neither
Party shall knowingly permit the Leased Premises or any portion thereof to be used or occupied by any person or entity on the List
or by any Embargoed Person (on a permanent, temporary or transient basis), and any such use or occupancy of the Leased Premises
by any such person or entity shall be a material default of the Lease notwithstanding that such use was not known by such Party.

 

(c)         This
section entitled OFAC Compliance shall not apply to any person or entity to the extent that such person's or entity's interest
in the Landlord or Tenant, as the case may be, is through a U.S. Publicly-Traded Entity. As used in this Agreement, "U.S.
Publicly-Traded Entity" means a Person (other than an individual) whose securities are listed on a national securities
exchange, or quoted on an automated quotation system, in the United States, or a wholly-owned subsidiary of such a person.

 

[Remainder of this page is intentionally
left blank. Signature page(s) to follow.]

 

    	-23-

    	 

    

 

IN WITNESS WHEREOF,
Landlord and Tenant have executed this Lease as of the day and year first written above.

 

	 	LANDLORD:
	 	 
	 	FIRST INTERNET BANCORP
	 	 
	 	By:	/s/David Becker
	 	 	David Becker, Chief Executive Officer
	 	 
	 	TENANT:
	 	FIRST INTERNET BANK OF INDIANA
	 	 
	 	By:	/s/C. Charles Perfetti
	 	 	C. Charles Perfetti, Senior Vice President

 

    	-24-

    	 

    

 

LIST OF EXHIBITS

 

		Exhibit A-1	Real Estate

 

		Exhibit A-2	Depiction of Leased Premises

 

		Exhibit B	Tenant Improvement Workletter Agreement

 

		Exhibit C	Letter Agreement

 

		Exhibit D	Tenant Estoppel Certificate

 

		Schedule I	Minimum Rent Schedule

 

    	-25-

    	 

    

 

EXHIBIT A

 

REAL ESTATE

 

Part of the Northwest Quarter of Section
6, Township 17 North, Range 5 East in Delaware Township, Hamilton County, Indiana, more particularly described as follows:

 

Commencing
at the Southwest corner of the Southwest Quarter of Section 6, Township 17 North, Range 5 East; thence North 00 degrees 04 minutes
40 seconds West (assumed bearing) on the West line of said Southwest Quarter 83.82 feet, original Government Survey, (84.97 feet,
measured) to the Southeast corner of the Southeast Quarter of Section 1, Township 17 North, Range 4 East; thence North 00 degrees
00 minutes 08 seconds East on the West line of said Southwest Quarter 1734.21 feet to a point which is 1819.18 feet Northerly of
the Southwest corner of the Southwest Quarter and also being the Northwest corner of real estate described in Warranty Deed recorded
in Deed Record 360, page 285 in the Office of the Recorder of Hamilton County, Indiana; thence South 88 degrees 59 minutes 52 seconds
East on the North line of said real estate 73.51 feet; thence North 00 degrees 00 minutes 08 seconds East parallel with said West
line 262.94 feet to the Southwest corner of real estate described in Instrument Number 8907678 in the Office of the Recorder of
Hamilton County, Indiana; thence following the perimeter of said real estate the following 5 courses: 1) North 00 degrees 00 minutes
08 seconds East parallel with said West line 75.61 feet to a point on a non-tangent curve, the radius point of which lies 673.00
feet South 68 degrees 34 minutes 28 seconds East of said point; 2) Northeasterly, curving to the right on said curve, an arc distance
of 118.86 feet to the point of tangency of said curve; 3) North 31 degrees 32 minutes 41 seconds East tangent with said curve 221.57
feet; 4) South 89 degrees 06 minutes 27 seconds East parallel with the South line of the Southwest Quarter 947.18 feet; 5) North
00 degrees 00 minutes 08 seconds East parallel with the West line of said Southwest Quarter 199.77 feet to the South line of the
Northwest Quarter, said point being a Northwest corner of said real estate described in said Instrument Number 8907678 and also
being the POINT OF BEGINNING of this description; thence North 88 degrees 33 minutes 56 seconds West along the South line of the
Northwest Quarter 49.06 feet to the edge of water of an existing lake; thence following said edge of water the following 11 courses:
1) North 06 degrees 14 minutes 34 seconds East 48.44 feet; 2) North 01 degree 19 minutes 09 seconds West 165.91 feet; 3) North
04 degrees 29 minutes 12 seconds West 97.73 feet; 4) North 01 degree 20 minutes 05 seconds East 57.82 feet; 5) North 04 degrees
20 minutes 34 seconds West 52.09 feet; 6) North 03 degrees 14 minutes 54 seconds East 148.47 feet; 7) North 01 degree 07 minutes
09 seconds West 91.23 feet; 8) North 03 degrees 05 minutes 41 seconds West 134.46 feet; 9) North 25 degrees 17 minutes 52 seconds
West 27.34 feet; 10) North 63 degrees 04 minutes 56 seconds West 90.23 feet; 11) North 87 degrees 11 minutes 22 seconds West 70.67
feet; thence departing said edge of water and running North 88 degrees 33 minutes 56 seconds West parallel to said South line of
the Northwest Quarter 154.21 feet to the existing Southeast back of curb of USA Parkway; thence following said back of curb the
following 10 courses: 1) an arc distance of 367.77 feet Northeasterly and Easterly along a curve to the right having a central
angle of 49 degrees 10 minutes 32 seconds and a radius of 428.50 feet (said curve being subtended by a long chord bearing North
58 degrees 09 minutes 11 seconds East a distance of 356.59 feet); 2) an arc distance of 489.68 feet Easterly and Southeasterly
along a curve to the right having a central angle of 65 degrees 21 minutes 51 seconds and a radius of 429.23 feet (said curve being
subtended by a long chord bearing South 64 degrees 45 minutes 20 seconds East a distance of 463.55 feet); 3) an arc distance of
261.41 feet Southeasterly and Southerly along a curve to the right having a central angle of 34 degrees 39 minutes 52 seconds and
a radius of 432.08 feet (said curve being subtended by a long chord bearing South 14 degrees 42 minutes 57 seconds East a distance
of 257.44 feet); 4) South 03 degrees 28 minutes 30 seconds West 90.39 feet; 5) an arc distance of 113.42 feet Southerly along a
curve to the left having a central angle of 13 degrees 04 minutes 24 seconds and a radius of 497.08 feet (said curve being subtended
by a long chord bearing South 01 degree 31 minutes 51 seconds East a distance of 113.17 feet); 6) an arc distance of 106.00 feet
Southerly along a curve to the left having a central angle of 12 degrees 15 minutes 23 seconds and a radius of 495.53 feet (said
curve being subtended by a long chord bearing South 15 degrees 27 minutes 01 seconds East a distance of 105.80 feet); 7) an arc
distance of 161.92 feet Southerly and Southeasterly along a curve to the left having a central angle of 21 degrees 58 minutes 50
seconds and a radius of 422.08 feet (said curve being subtended by a long chord bearing South 33 degrees 05 minutes 29 seconds
East a distance of 160.93 feet); 8) South 43 degrees 37 minutes 00 seconds East 34.58 feet; 9) an arc distance of 80.49 feet Southeasterly
and Southerly along a curve to the right having a central angle of 77 degrees 00 minutes 43 seconds and a radius of 59.88 feet
(said curve being subtended by a long chord bearing South 05 degrees 31 minutes 49 seconds East a distance of 74.57 feet); 10)
an arc distance of 86.87 feet Southerly along a curve to the left having a central angle of 31 degrees 12 minutes 22 seconds and
a radius of 159.49 feet (said curve being subtended by a long chord bearing South 09 degrees 18 minutes 14 seconds West a distance
of 85.80 feet) to the point at which the said back of curb of USA Parkway meets the South line of the Northwest Quarter of said
Section; thence departing said back of curb and running North 88 degrees 33 minutes 56 seconds West along said South line 15.59
feet to the Northeast corner of aforementioned real estate described in said Instrument Number 8907678; thence continuing North
88 degrees 33 minutes 56 seconds West along said South line of the Northwest Quarter and the North line of said real estate described
in Instrument Number 8907678 a distance of 527.58 feet to the POINT OF BEGINNING.

 

    	Exhibit A-1, Page 1

    	 

    

 

EXHIBIT B

 

TENANT IMPROVEMENT WORKLETTER AGREEMENT

 

		Re:	Tenant Improvement Workletter Agreement for the Building located at 11201 USA Parkway, Fishers, Indiana.

 

Tenant: First Internet Bank of
Indiana

 

Landlord: First Internet Bancorp

 

Tenant and Landlord are executing simultaneously
with this Tenant Improvement Workletter Agreement (the "Workletter Agreement") a lease ("Lease"),
covering the space referred to above, as more particularly described in the Lease ("Leased Premises"). All terms
used herein with initial capital letters and not otherwise defined herein shall have the same meaning as in the Lease.

 

To induce Tenant to enter into the Lease
and in consideration of the covenants hereinafter contained, Landlord and Tenant mutually agree as follows:

 

		1.	Landlord shall, at its cost and expense and subject to and in accordance
with the provisions of this Workletter Agreement, perform the following work in the Leased Premises, which work shall hereinafter
be referred to as the "Work."

 

		a.	See the 11201 USA Parkway Scope Letter dated March 6, 2013 attached
hereto;

 

		b.	___________________________________________________;

 

		c.	___________________________________________________;

 

		d.	___________________________________________________; and

 

		e.	___________________________________________________.

 

		2.	Changes in the Work may be made, without invalidating any part of
the Lease or this Workletter Agreement, by written agreement between Landlord and Tenant hereinafter referred to as a "Change
Order." Each Change Order shall be prepared by Landlord and signed by both Tenant and Landlord stating their agreement
upon all of the following:

 

		a.	The scope of the change in the Work;

 

		b.	Any increase or decrease in the cost of the Work as a result of the
change; and

 

		c.	The manner in which the increase or decrease in the cost of the Work
as a result of the change will be paid or credited (as applicable).

 

In no event shall any change
be permitted without an executed Change Order.

 

		3.	Prior to Tenant's occupancy of the Leased Premises, Tenant shall
identify any Punch List Items and provide Landlord with a complete list of such Punch List Items as part of the Letter Agreement
in the form of Exhibit C to the Lease.

 

    	Exhibit B, Page 1

    	 

    

 

		4.	All materials and installations constructed for Tenant within the
Leased Premises pursuant to this Workletter Agreement shall become the property of the Landlord upon installation. No refund, credit
or removal of said items shall be permitted at the termination of the Lease, except for the removal of those items or improvements
which Landlord requires Tenant to remove at the expiration or earlier termination of the Lease pursuant to Section 3.2 of
the Lease.

 

		5.	It is acknowledged that the Lease provides for the Commencement Date
to occur when Landlord has "substantially completed" the Work to be performed by Landlord as set forth in Paragraph 3
above; provided, however, that if Landlord shall be delayed in substantially completing the Work as a result of the following ("Tenant
Delays"):

 

		a.	Tenant's failure to cooperate with Landlord to facilitate final approval
of any plans for the work; or

 

		b.	Tenant's request for changes in the Work that delay the completion
of the Work; 

 

Tenant's obligation to pay Minimum
Rent and Additional Rent shall commence as of such earlier date, as reasonably determined by Landlord, on which the Leased Premises
would have been substantially completed but for such Tenant Delays.

 

		6.	No part of the Leased Premises shall be deemed unavailable for occupancy
by Tenant, nor shall any work which Landlord is obligated to perform in such part of the Leased Premises be deemed incomplete for
the purpose of the obligation to pay Minimum Rent and Additional Rent, solely due to the non-completion of details of construction,
decoration or mechanical adjustments which are minor in character and the non-completion of which does not materially interfere
with the Tenant's use of the Leased Premises ("Punch List Items").

 

		7.	Tenant is responsible for all costs related to the repair and maintenance
of any additional HVAC systems, appliances and equipment which are installed to meet Tenant's specific requirements. Tenant shall
purchase a service contract for such equipment so that the equipment is covered by such service contract each year of the term
of the Lease.

 

[Remainder of this page is intentionally
left blank. Signature page(s) to follow.]

 

    	Exhibit B, Page 2

    	 

    

 

This Workletter Agreement constitutes all
of Landlord's agreement with Tenant with respect to the work to be performed by Landlord on Tenant's behalf in the Leased Premises,
and no additional agreements or obligations shall be effective unless signed by both Landlord and Tenant.

 

	LANDLORD:	 	TENANT:
	 	 	 
	FIRST INTERNET BANCORP	 	FIRST INTERNET BANK OF INDIANA
	 	 	 
	By:	 	 	By:	 
	 	David Becker, Chief Executive Officer	 	 	C. Charles Perfetti, Senior Vice President

 

    	Schedule I, Page 1

    	 

    

 

SCHEDULE 1

 

Minimum Rent Schedule

  

	Period:	 	Minimum Rent Per
 Square Foot	 	 	Minimum Annual Rent	 	 	Minimum Monthly Rent	 
	The Term	 	$	18.50	 	 	$	282,199.00	 	 	$	23,516.58	 

 

    	Schedule I, Page 1

    	 

    

 

EXHIBIT C

 

LETTER AGREEMENT

 

THIS AGREEMENT is made
as of the ______ day of _______________, 2013, between FIRST INTERNET BANCORP (hereinafter referred to as "Landlord"),
and FIRST INTERNET BANK OF INDIANA (hereinafter referred to as "Tenant").

 

WHEREAS, by that certain
Office Lease (hereinafter called "Lease") made as of March ___, 2013, Landlord leased to Tenant certain premises
(the "Leased Premises") known as Suite ____, in the Building located at 11201 USA Parkway, Fishers, Indiana, for
an initial term of five (5) years, unless sooner terminated or extended as provided therein; and

 

WHEREAS, Landlord and
Tenant now desire to set forth the Commencement Date and Expiration Date (as those terms are defined in the Lease) of the term
of the Lease, and to acknowledge Tenant's acceptance of the Leased Premises.

 

NOW, THEREFORE, Landlord
and Tenant do hereby agree as follows:

 

		1.	The Leased Premises has been substantially completed in accordance
with the terms of the Lease, excepting only: __________________________________________.

 

		2.	Tenant has accepted possession of the Leased Premises.

 

		3.	The term of the Lease commenced on ___________, 2013, and shall expire
on __________, 20__, unless sooner terminated or extended as provided therein. All references in the Lease to the Commencement
Date and Expiration Date shall mean the respective dates of commencement and expiration of the term of the Lease set forth in the
preceding sentence.

 

		4.	Except as hereby amended, the Lease shall continue in full force
and effect.

 

		5.	This Agreement shall be binding on the parties hereto, their heirs,
executors, successors and assigns.

 

[Remainder of this page is intentionally
left blank. Signature page(s) to follow.]

 

    	Exhibit C, Page 1

    	 

    

 

IN WITNESS WHEREOF, the parties hereto have
caused this agreement to be duly executed as of the day and year first above written.

 

	LANDLORD:	 	TENANT:
	 	 	 
	FIRST INTERNET BANCORP	 	FIRST INTERNET BANK OF INDIANA
	 	 	 
	By:	 	 	By:	 
	 	David Becker, Chief Executive Officer	 	 	C. Charles Perfetti, Senior Vice President

 

    	Exhibit C, Page 2

    	 

    

 

EXHIBIT D

 

TENANT ESTOPPEL CERTIFICATE

 

TO: __________________________________

 

		1.	The undersigned is the
tenant under that certain Lease dated ________________, 20__, by and between                                                                                        ,
as landlord ("Landlord"), and                                                                 ,
as tenant (the "Lease"), covering those certain premises commonly known as the                     
Building located at                                                                 ,
__________________, Indiana (the "Leased Premises").

 

		2.	The Lease is the only Lease or agreement between the undersigned
and Landlord affecting the Leased Premises and has not been modified, changed, altered or amended in any respect (except as indicated
following this sentence). If none, state "none."

 

		3.	The undersigned has made no agreements with Landlord or its agents
or employees concerning free rent, partial rent, rebate of rental payments or any other type of rental concession (except as indicated
following this sentence). If none, state "none."

 

		4.	The undersigned has accepted and now occupies the Leased Premises.
The Lease term began ___________________, 20__, and rent has been paid to and including ___________________, 20__ in conformity
with the Lease. No rent has been prepaid for more than one (1) month. The Minimum Rent being paid pursuant to the Lease is
______________ ($_________) per month. If the tenant's interest under the Lease has been assigned, or all or any portion of
the Leased Premises is sublet, or any interest in the Lease or the Leased Premises has otherwise been transferred, the undersigned
shall provide a copy of such assignment, sublease, or transfer document upon request.

 

		5.	All alterations, improvements, additions, build-outs, or construction
required to be performed by Landlord under the Lease have been completed.

 

		6.	Except as specifically provided in the Lease, the undersigned does
not have, (i) any option to extend the term of the Lease, or (ii) any right of first refusal, right of first opportunity
or similar right to lease any additional space in the building in which the Leased Premises is located.

 

		7.	The Lease does not contain, and the undersigned does not have, any
outstanding options or rights of first refusal to purchase the Leased Premises or any part thereof or all or any part of the real
property of which the Leased Premises is a part.

 

		8.	No actions, whether voluntary or otherwise, are pending against the
undersigned under the bankruptcy laws of the United States or any State thereof.

 

		9.	The Lease is in full force and effect, and the undersigned currently
has no valid defenses, counterclaims, off-sets, credits, deductions in rent, or claims against the enforcement of any of the agreements,
terms, or conditions of the Lease.

 

		10.	The person executing this Tenant Estoppel Certificate on behalf of
the undersigned represents that he/she is duly authorized to execute the same on behalf of such party.

 

    	Exhibit D, Page 1

    	 

    

 

Dated this ________ day of __________________
, 20__.

 

	 	TENANT:	 
	 	 	 
	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	Printed:	 
	 	Title:	 

 

    	Exhibit D, Page 2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00214-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00214-of-00352.parquet"}]]