R2015-139 RECEIVING AND FILING PROPOSED REDEVELOPMENT AGREEMENT Firstech, Inc.

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collection of real property taxes, but nothing contained herein shall relieve the Redeveloper from complying with all laws, rules and regulations of the State of Illinois and any political subdivision thereof pertaining to the levy and collection of said general real estate taxes. 7.4 Duration of Covenants. It is intended and agreed that the covenants provided in Sections 7.1 and 7.3 of this Agreement shall remain in effect until the earlier of(i) termination of the Redevelopment Plan, or (ii) May 15, 2023 and that the covenants provided in Section 7.2 shall remain effective without any time limitation; provided, that all such covenants shall be binding on the Redeveloper only for such period as the Redeveloper maintains a direct interest in the Project Site or the Project or part thereof(excluding, for example, an interest therein solely as a creditor or mortgagee), and only with respect to such direct interest in the Project Site or the Project or part thereof. 7.5 Covenants Running with the Land. Subject to Section 7.4, it is intended and agreed that the covenants set forth in Sections 7.1, 7.2 and 7.3 above shall be covenants running with the land and Sections 7.1 and 7.3 shall in any event be binding to the fullest extent permitted by law and equity, for the benefit and in favor of and enforceable by the City, and with regard to Section 7.2 hereof, the City, the State of Illinois and the United States of America. 7.6 Covenants Binding for the Benefit of City. Subject to Section 7.4, it is also intended and agreed that the foregoing covenants set forth in Sections 7.1, 7.2 and 7.3 shall in any event, and without regard to technical classification or designation as legal or otherwise, be, to the fullest extent permitted by law and equity, binding for the benefit of the City and enforceable by the City,the State of Illinois and the United States of America as provided in Sections 7.4 and 7.5. 7.7 Forms of Covenants and Restrictions. Certain of the covenants, uses and restrictions referred to in this Article VII shall substantially be in the farm of the Declaration of Covenants, Uses and Restrictions attached hereto and made a part hereof as EXHIBIT 4, which shall be executed and recorded with the Macon County Recorder of Deeds on or before the date that the Redeveloper commences construction of the Project. ARTICLE VIIL• INDEMNIFICATION 8.1 Redeveloper Indemnification of the City. So long as the Redeveloper maintains a direct interest in the Project or Project Site or any part thereof (excluding, for example, an interest therein solely as a creditor or mortgagee), the Redeveloper agrees to indemnify and save the City and its officers and employees harmless against all claims arising from (i) the Redeveloper's operation or management of the Project, or from any work or thing done by the Redeveloper on the Project Site, or any work or activity of the Redeveloper connected to the construction of the Project; (ii)any breach or default on the part of the Redeveloper in the performance of any of its obligations under or in respect of this Agreement; (iii)any act of negligence or willful or wanton misconduct of the Redeveloper or any of its agents, contractors, servants or CITY OF DECATUR/FirsTech Red.Agreement 10