Document:

CONTRACT FOR PURCHASE OF PROPERTY

 

FIRST INTERNET BANCORP
(“Purchaser”), hereby shall purchase from LHRET ASCENSION SV, LLC (“Seller”) the property
commonly known as 11201 USA Parkway, situated in the Town of Fishers, Hamilton County, Indiana that is a medical office building
(the “Building”) and further described as the “Improvements” in that Ground Lease, dated May 30,
2003 (the “Ground Lease”), between Seller and St. Vincent Hospital and Health Care Center (“Ground
Lessor”), which property is more particularly described and/or depicted on Exhibit A, attached to and made
a part of this Contract, together with all of Seller’s right, title and interest in and to any and all: (a) rights,
interests, privileges and easements appurtenant or appertaining thereto; (b) licenses, approvals and permits with respect
thereto, if any; and (c) warranties or guaranties relating thereto, if any (collectively, the “Property”),
for One Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00) (the “Purchase Price”), subject to
and upon the terms and conditions set forth in this Contract.

 

Buyer acknowledges that
(a) the Leased Premises (as defined in the Ground Lease) only comprises the “footprint” of the Building, (b) the
Property does not include any rights to use the land on which the Building is located, (c) the Property does not include any
rights to use the Common Areas (as described in the Ground Lease), (d) the Property is subject to the Declaration of Restrictions,
Covenants and Easements, dated May 30, 2003 (the “Declaration”), and recorded in the Office of Recorder of Hamilton
County, Indiana, and (e) the Property is subject to a right of first refusal set forth in Section 1 of the Declaration (the
“ROFR”) with which Seller must comply or for which Seller must obtain a waiver from Ground Lessor.

 

1.          Earnest
Money Deposit. Within seven business days after the latest date (the “Effective Date”) set forth on
the signature page to this Contract, Purchaser shall deposit Twenty-Five Thousand and No/100 Dollars ($25,000.00) (such deposit
together with any interest earned thereon is hereinafter referred to collectively as the “Earnest Money”) with
Chicago Title Insurance Company (the “Title Insurer”). PURCHASER SHALL FORFEIT THE EARNEST MONEY TO SELLER IF
PURCHASER FAILS OR REFUSES TO PERFORM ITS OBLIGATIONS HEREIN SPECIFIED AND ALL CONDITIONS AND REQUIREMENTS OF THIS CONTRACT HAVE
BEEN SATISFIED. Such forfeiture of Earnest Money shall constitute liquidated damages and shall be Seller’s sole remedy at
law or in equity. The Earnest Money otherwise shall be refunded or forfeited in accordance with the terms contained in this Contract,
and, if all of the terms and conditions of this Contract are satisfied or waived and the transaction is closed, then the Earnest
Money shall be applied to the Purchase Price.

 

2.          Purchase
Price. At the Closing (as defined below), Purchaser shall pay to Seller the Purchase Price, less the Earnest Money and
further adjusted for any other credits, reductions and prorations for which this Contract provides.

 

3.          Closing.
Subject to all other terms and conditions set forth in this Contract, the transactions described in this Contract shall be
closed (the “Closing”) on or before the date (the “Termination Date”) that is thirty (30)
days after the expiration of the Due Diligence Period (as such term is defined in Section 7 below), with the exact date of
Closing (the “Closing Date”) to be specified by Purchaser in a written notice delivered to Seller at least three
(3) days prior to the Closing. The Closing will take place at the office of the Title Insurer or such other place as the parties
may mutually agree upon in writing. Any closing fee charged by the Title Insurer shall be split evenly between Purchaser and Seller.
Purchaser shall pay the cost of recording the Special Warranty Deed and Seller shall pay the cost of filing the Indiana Sales Disclosure
form. Each party hereto shall pay the fees of any attorneys or other consultants hired by such party in connection with the purchase
of the Property. If the Closing does not occur on or before the Termination Date, this Contract shall automatically terminate.

 

    	 

    	 

    

 

4.          Closing
Documents. At Closing, Seller shall deliver to Purchaser or its assignee or designee: (a) a duly executed Special
Warranty Deed conveying fee simple title to the real property components of the Property free of any and all liens, encumbrances,
easements, restrictions, covenants or other title defects, except the Permitted Exceptions (as hereinafter defined); (b) a
duly executed vendor’s affidavit substantially similar in form and substance to the Indianapolis Bar Association’s
form of vendor’s affidavit; (c) a duly executed non-foreign affidavit in form and substance satisfactory to Purchaser
and the Title Insurer; (d) a duly executed Indiana Sales Disclosure Form in the form required by Indiana law; (e) a duly
executed assignment by Seller of the Leases, Contracts and Plans (as each is defined below) approved by Purchaser, if any, pursuant
to Section 7.5 below and any warranties and guaranties, each to the extent assignable, in form and substance satisfactory to Purchaser
(the “Assignment”); and (f) any and all other documents contemplated by this Contract or necessary to consummate
the sale of the Property. At Closing, Purchaser shall deliver to Seller: (a) the Purchase Price; (b) a duly executed Sales
Information Disclosure form in form and substance required by applicable law; (c) the Assignment; and (d) any and all other documents
required by applicable laws to consummate the sale of the Property. Purchaser and Seller acknowledge that the transactions contemplated
by this Contract may be subject to the provisions of the Indiana Responsible Property Transfer Law (Ind. Code 13-25-3-1, et
seq.). Seller agrees that they shall either (i) comply with the provisions of the Indiana Responsible Property Transfer
Law and provide the Purchaser with a “disclosure document” as and when required by the Indiana Responsible Property
Transfer Law, or (ii) provide the Purchaser with a certification on or before the Closing Date that the transactions contemplated
by this Contract are not subject to the provisions of the Indiana Responsible Property Transfer Law in a form and content acceptable
to Purchaser. In the event Seller provides Purchaser with a “disclosure document” and Purchaser thereafter declines
to accept the transfer of the Property (as permitted by the Indiana Responsible Property Transfer Law), Purchaser may cancel this
Contract by written notice to Seller, in which event the Earnest Money shall be immediately refunded to Purchaser by the Title
Insurer.

 

5.          Possession.
Possession of the Property shall be delivered on the Closing Date, free and clear of all rights and claims of any other party to
the possession, use or control of the Property, except the rights of tenants pursuant to Leases approved by Purchaser pursuant
to Section 7.5 below, and for the Permitted Exceptions. Buyer acknowledges and agrees that upon closing, subject to any representations
in this Contract or the Deed, Seller shall sell and convey to Buyer, and Buyer shall accept the Property, “AS IS, WHERE IS,
WITH ALL FAULTS”. Buyer hereby unconditionally waives any implied warranty of suitability, merchantability or fitness for
particular purpose.

 

6.          Taxes
and Assessment. Purchaser assumes and shall pay (a) all assessments for improvements becoming a lien on or after the
Closing Date; and (b) its pro rata portion of the real estate taxes assessed for and becoming a lien during the calendar year
in which closing occurs (based upon the number of days remaining in such calendar year on or after the Closing Date). Seller shall
pay (a) all assessments for improvements not assumed by Purchaser; (b) both installments of real estate taxes payable during
the calendar year in which closing occurs; (c) its pro rata portion of the real estate taxes assessed for and becoming a lien
during the calendar year in which closing occurs (based upon the number of days in such calendar year prior to the Closing Date);
and (d) all delinquent real estate taxes and assessments (and penalties and interest thereon, if any). The present tax rate
and assessed values shall be used for the purposes of the prorations under this Section if the applicable tax rate and assessed
values have not been set. Any taxes or assessments (and penalties and interest thereon, if any) which are either (a) not assumed
by Purchaser and which are not due and payable at the time of closing; or (b) delinquent at time of Closing, shall be allowed
to Purchaser as a credit against the Purchase Price at Closing. Any and all rental income from the Property shall be pro-rated
as of the Closing Date (with rents and rental payments for the day of closing allocated to Purchaser). If Seller and Purchaser
fail to cause any utility services rendered to the Property to be placed in the name of Purchaser as of 11:59 p.m. on the
day before the Closing Date, the charges for any such utility services shall be prorated as of the Closing Date, based upon the
most recent bills available and readjusted on the basis of the actual bills rendered for the period during which the closing occurs,
as and when such bills are received.

 

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7.          Conditions
of Performance. For purposes of this Contract, the term “Due Diligence Period” shall mean the
date which is 30 days after the ROFR Expiration Date (as defined below). Within 15 days after the Effective Date, Seller shall
provide Purchaser with copies of all of the following items relating to the Property to the extent that such items are in Seller’s
possession: any and all Leases, Contracts, Plans, title insurance policies (including exception documents), surveys, easements,
restrictions, drainage and retention agreements, environmental and engineering reports, property condition reports, rent rolls,
management and service contracts, any other investigations pertaining to the environmental or physical condition of the Property
or any portion thereof, and any and all other documents and agreements relating to the use and development of the Property (collectively,
the “Due Diligence Materials”). Purchaser’s obligations under this Contract are subject to the timely
and complete satisfaction of each of the following conditions, unless waived in writing by Purchaser.

 

7.1           Survey.
If Purchaser obtains on or before the expiration of the Due Diligence Period a survey of the Property conforming to the Minimum
Standard Detail Requirements for an ALTA/ACSM Land Title Survey (the “Survey”), the Survey shall be satisfactory
to Purchaser in all respects.

 

7.2           Title
Insurance. On or before the expiration of the Due Diligence Period, Purchaser shall have obtained a current title insurance
commitment for the Property issued by the Title Insurer, in which commitment the Title Insurer shall agree to (a) insure for the
full amount of the Purchase Price merchantable and marketable fee simple title to the Property, free of all exceptions (including,
without limitation, the standard exceptions), except only the Permitted Exceptions (as defined below); and (b) issue such endorsements
as Purchaser may reasonably request (the “Title Commitment”). Purchaser shall provide any objections (collectively,
the “Title Objection”) to matters disclosed in the Survey, Title Commitment and/or exception documents on or
before five days prior to the expiration of the Due Diligence Period. If Purchaser provides any Title Objections, Seller shall
notify Purchaser in writing on or before one (1) day prior to the expiration of the Due Diligence Period whether Seller covenants
and agrees to cure any such objection(s) prior to the Closing Date in a manner satisfactory to Purchaser in its sole discretion.
Any exceptions to title reflected on the Title Commitment to which Purchaser fails to timely object (except:  (a) the lien
of any mortgage, other security instrument, UCC financing statement or tax or monetary lien, which in all cases shall be released
at or before the Closing, or, if not released, then Purchaser shall have the right to pay such monetary amounts and offset such
payments against the Purchase Price; and (b) the standard, pre-printed exceptions, which in all cases shall be deleted from the
final owner’s title policy) shall be deemed “Permitted Exceptions”. At Closing, Purchaser shall receive
a credit against the Purchase Price for the amount of the premium for the policy to be issued pursuant to the Title Commitment,
excluding any endorsements thereto. Except as provided in clause (a) above regarding any monetary lien, nothing in this Contract
shall be deemed to require Seller to take any steps to remove any defect in or objection to title or to expend any moneys therefor,
nor shall Buyer have any right of action against Seller, at law or in equity, therefor. The Title Commitment and the final title
policy shall have an insured amount not to exceed the Purchase Price.

 

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7.3           Suitability
of the Property. Purchaser at its cost and expense and prior to the expiration of the Due Diligence Period, shall have determined,
in its sole and absolute discretion, that the Property is suitable to Purchaser for its intended use and development in all respects.

 

7.4           Litigation
and Representations. As of the Closing Date, no action or proceeding before a court or other governmental agency or officer
shall be pending (and to the best of either Seller’s or Purchaser’s knowledge, no such action or proceeding shall be
threatened) that materially impairs the value of the Property or prevents Purchaser from undertaking and completing Purchaser’s
intended use and development of the Property. As of the Closing Date, the representations and warranties set forth in Section 9
shall be true and accurate in all material respects as of the Closing Date, except for those representations and warranties that
refer to facts existing at a specific date, which shall be accurate in all material respects as of such date and, for those representations
and warranties that refer to facts existing at a specific date, an update of such representations to reflect events occurring between
the Effective Date and the Closing

 

7.5           Leases
and Contracts. Together with the other Due Diligence Materials, Seller shall provide to Purchaser, at Seller’s cost and
expense, true and accurate copies of all lease agreements affecting all or any portions of the Property (the “Leases”),
all other agreements and contracts affecting all or any portions of the Property or relating to the use, ownership, maintenance,
management or operation thereof (the “Contracts”), and all plats, plans, reports, covenants, conditions, commitments
and other agreements, instruments and documents (other than Leases and Contracts) relating or applicable to the development, use
or ownership of the Property (the “Plans”); and Purchaser shall have approved the Leases, Contracts and Plans
prior to the expiration of the Due Diligence Period. All Leases approved by Purchaser, all Contracts approved by Purchaser and
all Plans approved by Purchaser and to the extent assignable shall be assigned to Purchaser at the Closing. Any and all deposits
paid to Seller or being held by Seller pursuant to the approved Leases or approved Contracts shall be retained by Seller and credited
against the Purchase Price.

 

7.6           Approvals.
On or before the expiration of the Due Diligence Period, Purchaser, at its cost and expense, shall have determined in its sole
discretion that it has obtained or will be able to obtain all government, regulatory, and corporate approvals deemed by Purchaser
to be necessary or desirable and any approvals or consents required under any declaration, covenants and/or restrictions applicable
to the Property.

 

7.7           Simultaneous
Closing. Simultaneously with the execution of this Contract, Purchaser is entering into a Contract for Purchase of Real Estate
with St. Vincent Hospital and Health Care Center, Inc. (“St. Vincent”), pursuant to which Purchaser desires
to acquire and St. Vincent desires to sell the real estate described on Exhibit A and any and all of St. Vincent’s right,
title and interest in and to the Property (the “St. Vincent Contract”). Purchaser shall be satisfied, in its
sole discretion, that all conditions precedent with respect to the St. Vincent Contract have been satisfied and (a) the transactions
contemplated by the St. Vincent Contract shall close simultaneously with the transactions contemplated by this Contract, and (b)
Ground Lessor and Seller shall have terminated the Ground Lease. 

 

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8.          Termination.

 

8.1           If
one or more of the conditions set forth in Section 7 is not timely and completely satisfied, Purchaser may terminate this
Contract and all of its obligations hereunder by written notice to Seller, in which event, the Earnest Money shall be immediately
refunded to Purchaser. If Purchaser does not notify Seller in writing prior to the expiration of the Due Diligence Period that
the conditions set forth in Sections 7.1, 7.2, 7.3, 7.5 and 7.6 have been satisfied and/or waived, then this Contract and all of
its obligations hereunder shall automatically terminate upon the expiration of the Due Diligence Period, in which event, the Earnest
Money shall be immediately refunded to Purchaser.

 

8.2           Seller’s
sale of the Property is contingent upon Seller obtaining a waiver from Ground Lessor of the ROFR on or before thirty-five (35)
days after the Effective Date. Within five (5) days after the Effective Date, Seller shall notify the Ground Lessor of this Contract
in accordance with the ROFR. Pursuant to the ROFR, Ground Lessor has up to thirty (30) days after receiving the aforementioned
notice to exercise its ROFR. The date upon which Ground Lessor waives or notifies Seller that it elects not to exercise its ROFR
is hereinafter referred to as the "ROFR Expiration Date". Seller’s sale of the Property is further contingent
upon receiving from Ground Lessor a termination of Ground Lease executed by Ground Lessor that contains a mutual release of Seller
and Ground Lessor. Seller hereby agrees that it will enter into such a mutual release and termination agreement to terminate the
Ground Lease.

 

9.          Covenants,
Representations and Warranties. Seller hereby covenants, represents and warrants to Purchaser (and shall be deemed to covenant,
represent and warrant to Purchaser on the Closing Date) that: (a) there is no condemnation or similar proceeding which is
pending against the Property or any part thereof; (b) Seller has not received any notification from any governmental agency,
authority or instrumentality of any pending or threatened assessments on or against the Property for the cost of improvements to
be made with respect to the Property or any part thereof; (c) after the Effective Date Date, Seller will not create, permit
or suffer any lien or other encumbrance to attach to or affect the Property and improvements thereon, except for the lien of nondelinquent
real estate taxes and liens and encumbrances which will be fully discharged on or before the Closing Date; (d) to Seller’s
knowledge there are no claims, actions, suits, proceedings pending with respect to or in any manner affecting the Property or Seller’s
ownership thereof; (e) Seller has not sold, assigned, transferred, leased, subleased, encumbered or conveyed any right, title or
interest whatsoever in or to the Property, except for the Permitted Exceptions and leases and encumbrances which, if not approved
by Purchaser pursuant to Section 7.5 of this Contract, will have terminated or will be fully discharged on or before the Closing
Date; (f) prior to the Closing, Seller shall not sell, assign, transfer, lease, sublease, encumber or convey any right, title
or interest whatsoever in or to the Property or any portion thereof without Purchaser’s prior written consent, nor shall
Seller amend, modify, extend, terminate or alter any currently existing agreement or document relating to the Property without
Purchaser’s prior written consent; (g) to the best of Seller’s knowledge, neither the Property nor any portion
thereof has been used for the treatment, storage or disposal of any hazardous, special or other wastes, substances, materials,
constituents, pollutants or contaminants as defined under applicable federal, state or local laws or regulations promulgated thereunder;
(h) prior to Closing, Seller shall cause all Title Objections that Seller commits to cure, if any, to be cured in accordance
with Section 7.2 above; (i) the Ground Lease is in full force and effect, and to the best of Seller's knowledge, neither Ground
Lessor nor Seller are in default under the Ground Lease; and (j) prior to the Closing, Seller agrees not to sell the Property or
any portion thereof or enter into any agreements for the sale of the Property or any portion thereof to any entity or person other
than Purchaser unless such agreement specifically provides that it is a back up offer for the purchase and sale of the Property
and may only be consummated in the event this Contract terminates pursuant to its terms.

 

10.         Damage
and Condemnation. Seller shall maintain the Property and deliver the Property to Purchaser on the Closing Date in the same
condition as on the Effective Date, ordinary wear and tear excepted. If the Property shall be damaged, destroyed or materially
condemned, in whole or in part, or if any notice of condemnation shall be given at any time after the Effective Date, Purchaser,
at its sole option, may (a) cancel this Contract, or (b) proceed with closing. If Purchaser elects to proceed with closing, then
Purchaser shall accept assignment of any condemnation award or proceeds of any insurance policy related to such damage or destruction.
If Purchaser elects to cancel this Contract as provided in this Contract, the Earnest Money shall be immediately refunded to Purchaser.

 

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11.         Inspection.
Purchaser, its employees, agents and independent contractors shall have the right to enter upon the Property to perform the Survey
and conduct all tests, inspections and examinations which Purchaser deems necessary or desirable including, without limitation,
tests, inspections and examinations related to access to utilities, environmental condition, soil and geotechnical condition, the
physical condition of the Property (including the HVAC, plumbing, electrical, structural elements, glass, windows, and roof), subsurface
conditions, drainage, parking, easements and cross-easements and architectural feasibility. Seller agrees to cooperate with Purchaser
and to provide Purchaser with copies of all documents relating to the Property as and when required by this Contract and to furnish
such other information regarding the Property as Purchaser may, from time to time, reasonably request. Purchaser shall not permit
any mechanic’s liens to be placed on or against the Property or any portion thereof in connection with any activities of
Purchaser with respect to the Property. Buyer shall indemnify and hold harmless Seller and its affiliates and their respective
officers, directors, members, employees and agents from any liability or damages related to Buyer’s investigation of the
Property, which obligation shall survive termination of this Contract.

 

12.         Notices.
All notices required hereunder shall be made in writing and shall be deemed delivered on the third business day following deposit
in the U.S. Mail or the day following deposit with an overnight courier when addressed to Seller at c/o Ventas, Inc., 353 North
Clark Street, Suite 3300, Chicago, Illinois 60654, Attention: Kevin Geraghty; and addressed to Purchaser at c/o First Internet
Bank of Indiana, 9200 Keystone Crossing, Suite 800, Indianapolis, Indiana 46240-4603, Attention: ______________; with a copy to
Steve Hardin, Faegre Baker Daniels LLP, 600 East 96th Street, Suite 600, Indianapolis, Indiana 46240.

 

13.         Default.
Seller agrees that money damages are not an adequate remedy for breach of this Contract by Seller, and, therefore, Purchaser shall
be entitled to either (i) the remedy of specific performance to enforce the terms hereof, or (ii) terminate this Contract in accordance
with this Section 13 in which event the Earnest Money shall be immediately refunded to Purchaser. If Purchaser defaults in its
obligations under this Contract and fails to cure such default within fifteen (15) days after written notice of such default, this
Contract may be terminated by Seller and the Earnest Money shall be paid to Seller as liquidated damages and as its sole and exclusive
remedy. Purchaser and Seller agree that the amount of the actual damages which Seller would suffer as a result of Purchaser’s
default would be extremely difficult to ascertain and have agreed, after specific negotiations relating thereto, that the Earnest
Money is a reasonable estimate of Seller’s damages and is not intended to constitute a penalty. If this Contract is terminated
pursuant to Section 8 or automatically terminates pursuant to Section 3, all further obligations of the parties under this Contract
will terminate and be of no further force or effect, except for the provisions that expressly survive such termination, and no
party shall have any additional liability to the other as a result of the termination of this Contract. The provisions of this
Section 13 shall be the sole and exclusive remedy resulting from a breach of any representations, warranty, covenant or agreement
prior to the Closing that is available under contract, tort or any other legal theory to the parties to this Contract. All of the
provisions of this Section 13 shall survive the termination of this Contract.

 

14.         Survival.
No representations or warranties contained in this Contract shall survive the Closing, and neither Purchaser nor Seller shall have
any right after Closing to recover from the other damages related to any breach of any representation or warranty.

 

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15.         General.
The terms and provisions of this Contract shall be governed and construed in accordance with the laws of the State of Indiana.
The captions and section numbers shall not be considered in any way to affect the interpretation of this Contract. This Contract
shall be binding upon and inure to the benefit of the parties hereto and their respective successors, assigns, heirs, and personal
representatives. This Contract is the final expression of the complete and exclusive agreement between Seller and Purchaser. This
Contract shall not be construed with resort to any presumption against the preparer or maker hereof. The term “Contract”
as used herein means the contract arising between the parties on the terms set forth herein.

 

16.         Authority.
Purchaser and Seller each represents: (a) that the undersigned person signing on its behalf is fully empowered and duly authorized
by any and all necessary action or consent required under any applicable articles of incorporation, bylaws, partnership agreement
or other agreement to execute and deliver this Contract for and on behalf of said party; (b) it has full capacity, power and authority
to enter into and carry out its obligations under this Contract; and (c) that this Contract has been duly authorized, executed
and delivered by it and constitutes a legal, valid and binding obligation of such party, enforceable in accordance with its terms.

 

17.         Brokers.
Purchaser and Seller hereby represent and warrant to each other that they have not dealt with any broker in connection with
this transaction, except Cassidy Turley and Ambrose Brokerage, LLC (the “Brokers”). Seller hereby represents
and covenants that they have agreed to pay all fees and commissions payable to the Brokers as a result of this transaction. Purchaser
and Seller hereby further represent and warrant to each other that no fee, commission or similar compensation shall be payable
by Seller or Purchaser to any broker or any other person, except to the Brokers by Seller, as a result of any agreement or action
by Seller or Purchaser, respectively.

 

18.         Assignment.
On or before the Closing Date, Purchaser shall have the right to assign or transfer all or any portion of its rights under
this Contract without Seller's consent or approval to an entity controlled by or under common control with Purchaser Any other
assignment, transfer or encumbrance of this Contract without Seller's prior written consent (which shall not be unreasonably withheld,
conditioned or delayed), shall be void. Notwithstanding any such assignment, Purchaser shall remain liable hereunder.

 

19.         Counterparts.
This Contract may be executed in counterparts (including execution of counterpart signature pages), each of which shall be an original
and all of which counterparts taken together shall constitute one and the same agreement.

 

20.         Attorneys’
Fees. In addition to any other remedy provided for herein, the non-prevailing party shall pay all costs and expenses, including
reasonable attorneys’ fees and court costs, incurred by the prevailing party in successfully enforcing or defending any provision
of this Contract against such non-prevailing party.

 

21.         Facsimile
Signatures. Signatures to this Contract transmitted by telecopy shall be valid and effective to bind the party so signing.
Each party agrees to promptly deliver an execution original of this Contract with its actual signature to the other party, but
a failure to do so shall not affect the enforceability of this Contract.

 

[Signature Page Follows]

 

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This Contract is hereby
executed this 30th day of January, 2013, as to Purchaser.

 

	 	PURCHASER:
	 	 	 
	 	FIRST INTERNET BANCORP
	 	 	 
	 	By:	/s/ David B. Becker
	 	Printed:	David B. Becker
	 	Title:	CEO

 

This Contract is hereby
executed this 30th  day of January, 2013, as to Seller.

 

	 	SELLER:
	 	 	 
	 	LHRET ASCENSION SV, LLC
	 	By:	LHRET Ascension, LLC
	 	By:	THL 191 JV, LLC
	 	By:	LHRET 191, LLC
	 	By:	Lillibridge Healthcare Real Estate Trust, L.P.
	 	By:	Lillibridge Healthcare Real Estate Trust
	 	 	 
	 	By:	/s/ Kevin Geraghty
	 	Printed:	Kevin Geraghty
	 	Title:	E.V.P.

 

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EXHIBIT A

 

(Legal Description)

 

 

    	A-1

    	 

    

 

 

    	A-2OFFER
AND CONTRACT FOR PURCHASE OF REAL ESTATE

 

FIRST INTERNET BANCORP
("Purchaser"), hereby offers to purchase from ST. VINCENT HOSPITAL AND HEALTH CARE CENTER, INC. ("Seller")
that certain real estate located in Hamilton County, Indiana, consisting of approximately twelve (12) acres, which real estate
is more particularly described and/or depicted on Exhibit A, attached to and made a part of this Contract (the legal description
of which real estate will be subject to precise determination by survey as provided in Section 7.1 below), together with all of
Seller's right, title and interest in and to any and all (a) buildings, improvements, and fixtures located thereon, attached thereto
or used in connection therewith; (b) rights, interests, privileges and easements appurtenant or appertaining thereto; (c) licenses,
approvals and permits with respect thereto, if any; (d) Leases, Contracts and Plans which are approved by Purchaser pursuant to
Section 7.5, if any; (e) rents, deposits and payments with respect to the development, use or occupancy thereof, if any; and (f)
warranties or guaranties relating thereto, if any (collectively, the "Real Estate"), for Two Million Five Hundred
Thousand and No/100 Dollars ($2,500,000.00) (the "Purchase Price"), subject to and upon the terms and conditions
set forth in this Contract. Seller represents that Seller does not own the existing building and other improvements located on
the Real Estate, and therefore the building and other improvements are not included in the "Real Estate." Seller represents
that it only has a reversionary interest in such improvements as set forth in the Ground Lease.

 

1.          Earnest
Money Deposit. Within five (5) business days after the date (the "Acceptance Date") on which Purchaser and
Seller enter into a legally binding contract for the purchase and sale of the Real Estate, Purchaser shall deposit Twenty-Five
Thousand and No/100 Dollars ($25,000.00) (such deposit together with any interest earned thereon is hereinafter referred to collectively
as the "Earnest Money") with Chicago Title Insurance Company (the "Title Insurer"). PURCHASER
SHALL FORFEIT THE EARNEST MONEY TO SELLER IF PURCHASER FAILS OR REFUSES TO PERFORM ITS OBLIGATIONS HEREIN SPECIFIED AND ALL CONDITIONS
AND REQUIREMENTS OF THIS CONTRACT HAVE BEEN SATISFIED OR WAIVED. Such forfeiture of Earnest Money shall constitute liquidated damages
and shall be Seller's sole remedy at law or in equity. The Earnest Money otherwise shall be refunded or forfeited in accordance
with the terms contained in this Contract, and, if all of the terms and conditions of this Contract are satisfied or waived and
the transaction is closed, then the Earnest Money shall be applied to the Purchase Price.

 

2.          Purchase
Price. On closing this transaction, Purchaser shall pay Seller the Purchase Price, less the Earnest Money and any other credits,
reductions and prorations for which this Contract provides.

 

3.          Closing.
Subject to all other terms and conditions set forth in this Contract, the transaction shall be closed not later than thirty
(30) days after the expiration of the Due Diligence Period (as such term is defined in Section 7 below), with the exact date of
closing (the "Closing Date") to be mutually agreed upon. The closing will take place at the office of the Title
Insurer or such other place as the parties may mutually agree upon in writing. Any closing fee charged by the Title Insurer shall
be split evenly between Purchaser and Seller. Purchaser shall pay the cost of recording the Special Warranty Deed and the cost
of filing the Indiana Sales Disclosure form. Each party hereto shall pay the fees of any attorneys or other consultants hired by
such party in connection with the purchase of the Real Estate.

 

    	 

    	 

    

 

4.          Closing
Documents. At closing, Seller shall deliver to Purchaser or its assignee or designee: (a) a duly executed Special Warranty
Deed conveying merchantable and marketable fee simple title to the real property components of the Real Estate free of any and
all liens, encumbrances, easements, restrictions, covenants or other title defects, except the Permitted Exceptions (as hereinafter
defined); (b) a duly executed vendor's affidavit substantially similar in form and substance to the Indianapolis Bar Association's
form of vendor's affidavit; (c) a duly executed non-foreign affidavit in form and substance satisfactory to Purchaser and the Title
Insurer; (d) a duly executed Indiana Sales Disclosure Form in the form required by Indiana law; (e) a duly executed assignment
by Seller of the Leases, Contracts and Plans approved by Purchaser, if any, pursuant to Section 7.5 below in form and substance
reasonably satisfactory to Purchaser (the "Assignment"); and (f) any and all other documents contemplated by this
Contract or appropriate to consummate the sale of the Real Estate. At closing, Purchaser shall deliver: (a) the Purchase Price
in immediate funds by bank wire transfer; (b) a duly executed Sales Information Disclosure form in form and substance required
by applicable law; (c) the Assignment; and (d) any and all other documents contemplated by this Contract or appropriate to consummate
the sale of the Real Estate. Purchaser and Seller acknowledge that the transactions contemplated by this Contract may be subject
to the provisions of the Indiana Responsible Property Transfer Law (Ind. Code 13-25-3-1, et seq.). Seller agrees that it shall
either (i) comply with the provisions of the Indiana Responsible Property Transfer Law and provide the Purchaser with a "disclosure
document" as and when required by the Indiana Responsible Property Transfer Law, or (ii) provide the Purchaser with a certification
to Seller's knowledge on or before the Closing Date that the transactions contemplated by this Contract are not subject to the
provisions of the Indiana Responsible Property Transfer Law in a form and content reasonably acceptable to Purchaser. In the event
Seller provides Purchaser with a "disclosure document" and Purchaser thereafter declines to accept the transfer of the
Real Estate (as permitted by the Indiana Responsible Property Transfer Law), Purchaser may cancel this Contract by written notice
to Seller, in which event the Earnest Money shall be immediately refunded to Purchaser by the Title Insurer.

 

5.          Date
of Possession. Possession of the Real Estate shall be delivered on the Closing Date, free and clear of all rights and claims
of any other party to the possession, use or control of the Real Estate except the rights of tenants pursuant to Leases approved
by Purchaser pursuant to Section 7.5 below, if any.

 

6.          Taxes
and Assessment. Purchaser assumes and agrees to pay (a) all assessments for improvements becoming a lien after the Closing
Date; (b) those installment payments relating to existing assessments for improvements becoming due on or after the Closing Date;
and (c) its pro rata portion of the real estate taxes assessed for and becoming a lien during the calendar year in which closing
occurs (based upon the number of days remaining in such calendar year after the Closing Date). Seller represents that the building
and related improvements on the Real Estate were sold to "Lhret" (as defined below) and are subject to the Ground Lease;
and that such building and other improvements thereon are included in a separate tax parcel (the Ground Lease Parcel"). Seller
further represents that the ground lessee under the Ground Lease is responsible for all property taxes and assessments for improvements
related or attributable to the Ground Lease Parcel. Seller shall pay (a) all assessments for improvements not assumed by Purchaser;
(b) both installments of real estate taxes payable during the calendar year in which closing occurs; (c) its pro rata portion of
the real estate taxes assessed for and becoming a lien during the calendar year in which closing occurs (based upon the number
of days in such calendar year prior to the Closing Date); and (d) all delinquent real estate taxes and assessments
(and penalties and interest thereon, if any) for the portion of the Real Estate not included in the Ground Lease Parcel. Purchaser
agrees that it will deal separately with the real property taxes and assessments for improvements relating to the Ground Lease
Parcel in the "Lhret Contract" (as defined below). The present tax rate and assessed values shall be used for the purposes
of the prorations under this Section if the applicable tax rate and assessed values have not been set. Any taxes or assessments
(and penalties and interest thereon, if any) which are either (a) not assumed by Purchaser and which are not due and payable at
the time of closing; or (b) delinquent at time of closing, shall be allowed to Purchaser as a credit against the Purchase Price
at closing. Any and all rental income from the Real Estate payable to Seller shall be pro-rated as of the Closing Date (with rents
and rental payments for the day of closing allocated to Purchaser). If Seller and Purchaser fail to cause any utility services
rendered to the Real Estate to be placed in the name of Purchaser as of 11:59 p.m. on the day before the Closing Date, the charges
for any such utility services shall be prorated as of the Closing Date, based upon the most recent bills available and readjusted
on the basis of the actual bills rendered for the period during which the closing occurs, as and when such bills are received.

 

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7.          Conditions
of Performance. For purposes of this Contract, the term "Due Diligence Period" shall mean the period
commencing on the later of (a) the Repurchase Option Expiration Date (as defined herein), (b) the date upon which Seller waives
its right of first refusal to purchase the Ground Lease Parcel, or (c) the date that Seller provides Purchaser with copies of all
of the following items relating to the Real Estate to the extent that such items are in Seller's possession: any and all Leases,
Contracts, Plans, title insurance policies (including exception documents), surveys, easements, restrictions, drainage and retention
agreements, environmental and engineering reports, property condition reports, rent rolls, management and service contracts, any
other investigations pertaining to the environmental or physical condition of the Real Estate or any portion thereof, and any and
all other documents and agreements relating to the use and development of the Real Estate (collectively, the "Due Diligence
Materials"), and ending on the date which is thirty (30) days thereafter. Seller shall use reasonable measures to gather
all such Due Diligence Materials, but Seller's unintentional failure to provide all such materials in its possession will not be
deemed a breach or default on the part of Seller hereunder. Purchaser's obligations under this Contract are subject to the timely
and complete satisfaction of each of the following conditions included in sub-Sections 7.1 through 7.7 below, unless waived in
writing by Purchaser.

 

7.1           Survey.
On or before the expiration of the Due Diligence Period, Purchaser may obtain a survey of the Real Estate conforming to the Minimum
Standard Detail Requirements for an ALTA/ACSM Land Title Survey (the "Survey"). The Survey shall be satisfactory
to Purchaser in all respects. The Survey shall establish the precise legal description of the Real Estate and certify the gross
acreage of the Real Estate to within a tenth of an acre.

 

7.2           Title
Insurance. On or before the expiration of the Due Diligence Period, Purchaser shall have obtained a current title insurance
commitment for the Real Estate issued by the Title Insurer, in which commitment the Title Insurer shall agree to (a) insure for
the full amount of the Purchase Price merchantable and marketable fee simple title to the Real Estate, free of all exceptions (including,
without limitation, the standard exceptions if the Survey is provided to the Title Insurer), except only the Permitted Exceptions
(as defined below); and (b) issue such endorsements as Purchaser may reasonably request (the "Title Commitment").
Purchaser shall provide any objections (collectively, the "Title Objections") to matters disclosed in the Survey,
Title Commitment and/or exception documents on or before five (5) days prior to the expiration of the Due Diligence Period. If
Purchaser provides any Title Objections, Seller shall notify Purchaser in writing on or before one (1) business day prior to the
expiration of the Due Diligence Period whether Seller covenants and agrees to cure any such objection(s) prior to the Closing Date
in a manner satisfactory to Purchaser in its sole discretion. Any exceptions to title reflected on the Title Commitment to which
Purchaser fails to timely object (except: (a) the lien of any mortgage, other security instrument, UCC financing statement or tax
or monetary lien arising in connection with any indebtedness or obligation of Seller, which in all cases shall be released at or
before the closing, or, if not released, then Purchaser shall have the right to pay such monetary amounts and offset such payments
against the Purchase Price; provided, however, that Seller shall have no obligation to obtain the release of any mortgage, security
instrument, UCC financing statement or tax or monetary lien arising out of or in connection with any indebtedness of or judgment
against the lessee under the Ground Lease; and (b) the standard, pre-printed exceptions, which in all cases shall be deleted from
the final owner’s title policy) shall be deemed "Permitted Exceptions". At closing, Purchaser shall receive
a credit against the Purchase Price for the amount of the premium for the policy to be issued pursuant to the Title Commitment,
excluding any endorsements thereto.

 

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7.3           Suitability
of the Real Estate. Purchaser at its cost and expense and prior to the expiration of the Due Diligence Period, shall have determined,
in its sole and absolute discretion, that the Real Estate is suitable to Purchaser for its intended use and development in all
respects.

 

7.4           Litigation
and Representations. As of the Closing Date, no action or proceeding before a court or other governmental agency or officer
shall be pending (and to the best of either Seller's or Purchaser's knowledge, no such action or proceeding shall be threatened)
that materially impairs the value of the Real Estate or prevents Purchaser from undertaking and completing Purchaser's intended
use and development of the Real Estate. As of the Closing Date, the representations and warranties set forth in Section 9 shall
be true and accurate in all material respects.

 

7.5           Leases
and Contracts. Together with the other Due Diligence Materials, Seller shall provide to Purchaser, at Seller's cost and expense,
true and accurate copies of all lease agreements affecting all or any portions of the Real Estate to which Seller is a party (the
"Leases"), all other agreements and contracts to which Seller is a party affecting all or any portions of the
Real Estate or relating to the use, ownership, maintenance, management or operation thereof (the "Contracts"),
and all plats, plans, reports, covenants, conditions, commitments and other agreements, instruments and documents (other than Leases
and Contracts) relating or applicable to the development, use or ownership of the Real Estate in Seller's possession (the "Plans");
and Purchaser shall have approved the Leases, Contracts and Plans prior to the expiration of the Due Diligence Period. Any Contracts
or Leases not approved by Purchaser shall be terminated or otherwise handled to Purchaser's satisfaction by Seller on or before
the Closing Date, and all of Seller's rights in all Leases approved by Purchaser, all Contracts approved by Purchaser and all Plans
approved by Purchaser shall be assigned to Purchaser at the closing to the extent assignable. Any and all deposits paid to Seller
or being held by Seller pursuant to the approved Leases or approved Contracts shall be credited against the Purchase Price.

 

7.6           Approvals.
On or before the expiration of the Due Diligence Period, Purchaser, at its cost and expense, shall have determined in its sole
discretion that it has obtained or will be able to obtain all government, regulatory, and corporate approvals deemed by Purchaser
to be necessary or desirable and any approvals or consents required under any declaration, covenants and/or restrictions applicable
to the Real Estate.

 

7.7           Simultaneous
Closing. Simultaneously with the execution of this Contract, Purchaser is entering into a Contract for Purchase of Property
with Lhret Ascension SV, LLC ("Lhret"), pursuant to which Purchaser desires to acquire and Lhret desires to sell
the buildings and improvements located on the Real Estate and any and all of Lhret's right, title and interest in and to the Real
Estate (the "Lhret Contract"). Purchaser shall be satisfied, in its sole discretion, that all conditions precedent
with respect to the Lhret Contract have been satisfied and that the (a) transactions contemplated by the Lhret Contract shall close
simultaneously with the transactions contemplated by this Contract, and (b) Lhret and Seller shall have terminated the Ground Lease.

 

    	4

    	 

    

 

Seller's obligations
under this Contract are subject to the timely and complete satisfaction of the following conditions in Subsections 7.8 and 7.9
below, unless waived in writing by Seller:

 

7.8           Sunbeam's
Right of First Refusal. Sunbeam Development Corporation ("Sunbeam") has a right of first refusal to purchase
the undeveloped portion of the Real Estate pursuant to that certain Repurchase Option for Real Estate dated October 21, 1998 (the
"Repurchase Option"). Seller's obligation to convey the Real Estate hereunder shall be conditioned upon Sunbeam's
failure to exercise its right of first refusal to purchase the Real Estate. Within five (5) days after the Acceptance Date (if
notice to Sunbeam has not already been delivered by Seller), Seller shall notify Sunbeam of this Contract (or its intent to enter
into this Contract) in accordance with the Repurchase Option. Pursuant to the Repurchase Option, Sunbeam has up to thirty (30)
days after receiving the aforementioned notice to exercise its Repurchase Option. The date upon which Sunbeam waives or notifies
Seller that it elects not to exercise its rights under the Repurchase Option is hereinafter referred to as the "Repurchase
Option Expiration Date".

 

7.9           Termination
of Ground Lease. Seller hereby agrees that it will enter into a mutual release and termination agreement with Lhret to terminate
the Ground Lease. Seller’s obligations under this Contract shall be conditioned upon Lhret entering into such Mutual Release
and Agreement to terminate the Ground lease.

 

8.          Nonperformance.
If one or more of the conditions set forth in Section 7 is not timely and completely satisfied, Purchaser, or Seller, as the case
may be, may cancel this Contract and all of its obligations hereunder by written notice to Seller or Purchaser, as applicable,
in which event, the Earnest Money shall be immediately refunded to Purchaser. If Purchaser does not notify Seller in writing prior
to the expiration of the Due Diligence Period that the conditions set forth in Sections 7.1, 7.2, 7.3, 7.5 and 7.6 have been satisfied
and/or waived, then this Contract and all of its obligations hereunder (other than those that by their terms survive the termination
of this Contract) shall automatically terminate upon the expiration of the Due Diligence Period, in which event, the Earnest Money
shall be immediately refunded to Purchaser.

 

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9.          Covenants,
Representations and Warranties. Seller hereby covenants, represents and warrants to Purchaser (and shall be deemed to covenant,
represent and warrant to Purchaser on the Closing Date) that: (a) there is no condemnation or similar proceeding which is pending
or, to Seller's knowledge, threatened against the Real Estate or any part thereof; (b) Seller has not received any notification
from any governmental agency, authority or instrumentality of any pending or threatened assessments on or against the Real Estate
for the cost of improvements to be made with respect to the Real Estate or any part thereof; (c) after the Acceptance Date, Seller
will not create, permit or suffer any lien or other encumbrance to attach to or affect the Real Estate and improvements thereon,
except for (i) the lien of nondelinquent real estate taxes and liens and encumbrances which will be fully discharged on or before
the Closing Date, and (ii) such lien(s) and encumbrances, if any, arising out of any Lhret loan financing with respect to the Real
Estate; (d) to Seller's knowledge, there are no claims, actions, suits, proceedings or investigations pending or threatened with
respect to or in any manner affecting the Real Estate or Seller's ownership thereof; (e) no work has been or will be performed,
and no materials have been or will be furnished to, the Real Estate or any portion thereof at the behest of Seller which will result
in any mechanics', materialmen's or other liens against the Real Estate or any portion thereof; (f) Seller is the fee simple owner
of the Real Estate and has not sold, assigned, transferred, leased, subleased, encumbered or conveyed any right, title or interest
whatsoever in or to the Real Estate, except for the Ground Lease and leases and encumbrances which, if not approved by Purchaser
pursuant to Section 7.5 of this Contract, will have terminated or will be fully discharged on or before the Closing Date; (g) except
for the (i) Ground Lease, (ii) Leases, and (iii) Contracts, prior to the closing, Seller shall not sell, assign, transfer, lease,
sublease, encumber or convey any right, title or interest whatsoever in or to the Real Estate or any portion thereof without Purchaser's
prior written consent, nor shall Seller amend, modify, extend, terminate or alter any currently existing agreement or document
(including, without limitation, the Ground Lease, Leases and/or Contracts) relating to the Real Estate without Purchaser's prior
written consent; (h) to the best of Seller's knowledge, neither the Real Estate nor any portion thereof has been used for the treatment,
storage or disposal of any hazardous, special or other wastes, substances, materials, constituents, pollutants or contaminants
as defined under applicable federal, state or local laws or regulations promulgated thereunder; (i) o Seller's knowledge, the Real
Estate complies with all local, state and federal laws and regulations; (j) prior to the closing, Seller agrees not to market,
sell, advertise or seek proposals to develop or sell the Real Estate or any portion thereof or enter into any agreements for the
marketing, sale or development of the Real Estate or any portion thereof to any entity or person other than Purchaser; (k) prior
to closing, Seller shall cause all Title Objections that Seller commits to cure, if any, to be cured in accordance with Section
7.2 above, and (ml) that certain Ground Lease dated as of May 30, 2003 between Lhret and Seller, pursuant to which
Lhret leases the Real Estate and owns certain improvements, buildings and fixtures located thereon (the "Ground Lease"),
is in full force and effect, and to the best of Seller's knowledge, neither Lhret nor Seller is in default under the Ground Lease
and to the best of Seller's knowledge no condition exists that, with the giving of notice or passage of time, would constitute
a breach or default under the Ground Lease.

 

Purchaser acknowledges
that the building and other improvements located on the Real Estate are owned by Lhret. Seller makes no representations nor warranties
with respect to the building and other improvements on the Real Estate and Purchaser shall rely exclusively upon its own investigations
and inspections thereof. Purchaser also acknowledges that the Real Estate is subject to certain use restrictions and Seller makes
no representation or warranty concerning the suitability of the Real Estate for Purchaser's intended use.

 

10.         Damage
and Condemnation. Seller shall: (a) maintain the Real Estate and deliver the Real Estate to Purchaser on the Closing Date in
the same condition as on the Acceptance Date, ordinary wear and tear and the effects of Purchaser's investigations and inspections
excepted; and (b) comply in all material respects with all federal, state and local laws, statutes, ordinances, rules and regulations
applicable to the Real Estate and the use thereof. If the Real Estate shall be damaged, destroyed or condemned, in whole or in
part, or if any notice of condemnation shall be given at any time after the Acceptance Date, Purchaser, at its sole option, may
(a) cancel this Contract, or (b) proceed with closing. If Purchaser elects to proceed with closing, then Purchaser may (a) apply
the proceeds of any condemnation award or insurance policy to reduce the Purchase Price, or (b) accept an assignment of such proceeds.
If Purchaser elects to cancel this Contract as provided in this Contract, the Earnest Money shall be immediately refunded to Purchaser.

 

    	6

    	 

    

 

11.         Inspection.
Purchaser, its employees, agents and independent contractors shall have the right to enter upon the Real Estate to perform the
Survey and conduct all tests, inspections and examinations which Purchaser deems necessary or desirable including, without limitation,
tests, inspections and examinations related to access to utilities, environmental condition, soil and geotechnical condition, the
physical condition of the Real Estate (including the HVAC, plumbing, electrical, structural elements, glass, windows, and roof),
subsurface conditions, drainage, parking, easements and cross-easements and architectural feasibility. Such right does not include
the right to inspect the building and other improvements located on the Real Estate. Seller agrees to cooperate with Purchaser
and to provide Purchaser with copies of all documents relating to the Real Estate in Seller's possession as and when required by
this Contract and to furnish such other information in Seller's possession regarding the Real Estate as Purchaser may, from time
to time, reasonably request. Purchaser shall not permit any mechanic's liens to be placed on or against the Real Estate or any
portion thereof in connection with any activities of Purchaser with respect to the Real Estate. Purchaser shall repair any damage
to the Real Estate arising out of the activities of Purchaser, its employees, agents and independent contractors, and shall restore
the Real Estate to the condition existing immediately prior to such entry by Purchaser, or its employees, agents and independent
contractors, to the extent practicable. Purchaser shall defend, indemnify and hold Seller harmless from and against all claims,
losses, liabilities, costs, expenses or fees, including, without limitation, reasonable attorneys' fees and costs, arising out
of or in connection with Purchaser's (or its agents') entry on to the Real Estate and the testing, inspection, investigation and
other activities conducted thereon. Purchaser's obligations under this Section 11 shall survive the Closing or the earlier termination
of this Contract.

 

12.         Notices.
All notices shall be deemed delivered to Seller when deposited in the U.S. mail, addressed to Seller at St. Vincent Hospital
and Health Care Center, Inc., Attention: Director of Real Estate, 10330 N. Meridian Street, Suite 400, Indianapolis, IN 46290;
with a copy to Donald R. Russell, Hall, Render, Killian, Heath & Lyman, P.C., One American Square, Suite 2000, Indianapolis,
IN 46282; and to Purchaser when so deposited and addressed to Purchaser at c/o First Internet Bank of Indiana, 9200 Keystone Crossing,
Suite 800, Indianapolis, Indiana 46240-4603, Attention: ______________; with a copy to Steve Hardin, Faegre Baker Daniels LLP,
600 East 96th Street, Suite 600, Indianapolis, Indiana 46240.

 

13.         Default.
Seller agrees that money damages are not an adequate remedy for breach of this Contract by Seller, and, in addition to any other
remedies available to Purchaser in the event of a breach by Seller, Purchaser shall be entitled to the remedy of specific performance
to enforce the terms hereof. If Purchaser defaults in its obligations under this Contract and fails to cure such default within
fifteen (15) days after written notice of such default, this Contract may be terminated by Seller and the Earnest Money shall be
paid to Seller as liquidated damages and as its sole and exclusive remedy. Purchaser and Seller agree that the amount of the actual
damages which Seller would suffer as a result of Purchaser's default would be extremely difficult to ascertain and have agreed,
after specific negotiations relating thereto, that the Earnest Money is a reasonable estimate of Seller's damages and is not intended
to constitute a penalty. Notwithstanding the foregoing, the limitation on damages set forth in this Section 13 and/or in Section
1 above shall not apply to Purchaser's obligations to repair and restore the Real Estate and to indemnify Seller set forth in Section
11 above.

 

14.         Survival
and Indemnity. All representations, warranties and agreements contained in this Contract shall survive the closing for a period
of one (1) year, and, subject to the provisions of Section 13, Seller and Purchaser shall indemnify and hold the other harmless
from and against all costs and damages (including attorneys' fees and court costs) incurred as a result of any breach of any such
representation, warranty or agreement.

 

    	7

    	 

    

 

15.         General.
The terms and provisions of this Contract shall be governed and construed in accordance with the laws of the State of Indiana.
The captions and section numbers shall not be considered in any way to affect the interpretation of this Contract. This Contract
shall be binding upon and inure to the benefit of the parties hereto and their respective successors, assigns, heirs, and personal
representatives. This Contract is the final expression of the complete and exclusive agreement between Seller and Purchaser. This
Contract shall not be construed with resort to any presumption against the preparer or maker hereof. The term "Contract"
as used herein means the contract arising between the parties on the terms of this Offer after acceptance by Seller.

 

16.         Authority.
Each undersigned person signing on behalf of any party that is a corporation, partnership or other entity certifies that (a)
he or she is fully empowered and duly authorized by any and all necessary action or consent required under any applicable articles
of incorporation, bylaws, partnership agreement or other agreement to execute and deliver this Contract for and on behalf of said
party; (b) that said party has full capacity, power and authority to enter into and carry out its obligations under this Contract;
and (c) that this Contract has been duly authorized, executed and delivered and constitutes a legal, valid and binding obligation
of such party, enforceable in accordance with its terms.

 

17.         Confidentiality.
Seller agrees that it shall not disclose to any person or entity: (a) any term, condition or other fact contained in this Offer
and Contract to Purchase Real Estate; or (b) any materials or information provided to Seller by Purchaser regarding the acquisition,
development or condition of the Real Estate; provided, that Seller may disclose information concerning this transaction to its
attorneys and consultants and to Sunbeam in connection with the matters described in Section 7.8. Seller agrees not to make any
materials or information provided to Seller by Purchaser regarding the acquisition, development or condition of the Real Estate
available to any person or entity unless such person or entity is an employee of the undersigned or legal counsel or consultant
to the undersigned and all such persons or entities agree to be bound by the terms and provisions of this confidentiality agreement.

 

18.         Brokers.
Purchaser and Seller hereby represent and warrant to each other that they have not dealt with any broker in connection with
this transaction, except Cassidy Turley and Ambrose Brokerage, LLC (the "Brokers"). Seller hereby represents and
covenants that they have agreed to pay all fees and commissions payable to the Brokers as a result of this transaction. Purchaser
and Seller hereby further represent and warrant to each other that no fee, commission or similar compensation shall be payable
by Seller or Purchaser to any broker or any other person, except to the Brokers by Seller, as a result of any agreement or action
by Seller or Purchaser, respectively.

 

19.         Assignment.
On or before the Closing Date, Purchaser shall have the right to assign or transfer all or any portion of its rights under
this Contract without Seller's consent or approval. Notwithstanding any such assignment, Purchaser shall remain liable hereunder.

 

20.         Counterparts.
This Contract may be executed in counterparts (including execution of counterpart signature pages), each of which shall be an original
and all of which counterparts taken together shall constitute one and the same agreement.

 

21.         Attorneys’
Fees. In addition to any other remedy provided for herein, the non-prevailing party shall pay all costs and expenses, including
reasonable attorneys’ fees and court costs, incurred by the prevailing party in successfully enforcing or defending any provision
of this Contract against such non-prevailing party.

 

22.         Facsimile
Signatures. Signatures to this Contract transmitted by telecopy shall be valid and effective to bind the party so signing.
Each party agrees to promptly deliver an execution original of this Contract with its actual signature to the other party, but
a failure to do so shall not affect the enforceability of this Contract.

 

    	8

    	 

    

 

23.         Duration
of Offer. This Offer shall expire if written acceptance endorsed herein is not delivered to Purchaser at the address specified
in Section 12 on or before 5:00 pm EST on February 6, 2013.

 

This Offer is hereby
executed this 30th day of January, 2013, as to Purchaser.

 

	 	PURCHASER:
	 	 
	 	FIRST INTERNET BANCORP
	 	 
	 	By:	/s/ David B. Becker
	 	Printed:  David B. Becker
	 	Title:  CEO

 

ACCEPTANCE
OF OFFER

 

Seller hereby accepts
the foregoing Offer on this 5th day of February, 2013.

 

	 	SELLER:
	 	 
	 	ST. VINCENT HOSPITAL AND HEALTH CARE CENTER, INC.
	 	 
	 	By:	/s/ Kyle DeFur
	 	Printed:  Kyle DeFur
	 	Title:  President

 

    	9

    	 

    

 

EXHIBIT A

 

(Legal Description)

 

 

    	A-1

    	 

    

 

 

    	A-2

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