6.B.(1) Lease with Spark Design Studio

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LEASE THIS LEASE (the or this "Lease ") is made by and between the City of South Bend, Indiana, Department of Redevelopment, acting by and through the South Bend Redevelopment Commission, (the "Landlord ") and SPARK DESIGN STUDIO, LLC, an Indiana limited liability company (the "Tenant ") as of the date of last execution hereof by Landlord or Tenant (the "Effective Date "). WITNESSETH: ARTICLE I. BASIC LEASE PROVISIONS 1.1. Basic Lease Provisions. The following basic provisions of this Lease (the "Basic Lease Provisions ") constitute an integral part of this Lease and are set forth in this Section 1.1 for the convenience of the parties. Each reference in this Lease to a Basic Lease Provision shall be construed to incorporate all of the terms provided for under such provisions. (a) Leased Premises: Defined in Section 2.1 hereof, consisting of approximately 1,423 square feet of "Floor Area." (b) Term: Initial Term of Three (3) Lease Years, with two (2) options of Three (3) years each to extend the Initial Term, all as provided for in Sections 3.1 and 3_2 hereof (c) Tenant's Use: Retail Sale of Stationary, Gifts and Related Items (d) Tenant's Trade Name: Spark Fine Stationary (or such other trade name taken by the Tenant) (e) Landlord's Address: 1200 County -City Building 227 West Jefferson Boulevard South Bend, Indiana 46601 (f) Tenant's Address: P.O. Box 886 South Bend, Indiana 46624 Attn: Joya B. Helmuth Facsimile Number: (g) Lease Year: A "Lease Year" shall mean each period of twelve (12) consecutive full months, beginning on the Commencement Date as defined in Section 3.1 (such that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall begin on the first day of the first calendar month following the Commencement Date, and any partial month in which the Commencement Date occurs will be included within the first Lease Year). (h) Security Deposit: An amount equal to the first month's Modified Gross Rent as security deposit shall be due upon signing of lease. (i) The Building: Michigan Street Shops, commonly referred to as 117 — 131 S. Michigan St, South Bend, Indiana, as more particularly described in Exhibit A, and depicted in