PROPERTY MANAGEMENT SERVICES AGREEMENT
AGREEMENT, entered into this 1 st day of July, 2003 by and between Kimball International, Inc., an Indiana corporation with
principal offices located at 1600 Royal Street, Jasper, Indiana 47549 (hereinafter "KIMBALL"), and Ronald J. Thyen (hereinafter
WHEREAS, KIMBALL requires property management services regarding mineral, hunting, and gas leases for its woodland
properties and specifically those properties located in Sturgis and Lapland, Kentucky (hereinafter all such services referred to
as the "Work"), and;
WHEREAS, KIMBALL desires to engage Ron, and
WHEREAS, Ron had begun such work prior to his retirement from Kimball in June 2003 and thus uniquely possesses the
requisite expertise and experience to properly complete the Work.
NOW THEREFORE, it is hereby agreed by the parties as follows;
1. Performance of Work/Compensation
Ron agrees to complete the Work to KIMBALL's reasonable satisfaction. Ron will make periodic
reporting to the Chief Executive Officer of KIMBALL regarding the progress of the Work. Ron will be
compensated for performing the Work at the rate of $175 per hour plus reasonable expenses and will
submit monthly statements for the Work performed and expenses incurred.
Ron shall assume all risk for any accidents or injuries suffered by him in performance of the Work.
Independent Contractor Status
Nothing in this Agreement shall be construed as establishing an employment, partnership or agency
relationship between Ron and KIMBALL.
4. Governing Law
The parties hereto expressly agree that all disputes, controversies or claims arising hereunder, and the
interpretation of any of the provisions or the performance called for hereunder, shall be governed and
determined by the laws of the State of Indiana, and any suit or action at law or in equity involving a
dispute, controversy or claim arising hereunder shall be brought and maintained by either party in a