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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 ST. JOE VALLEY METRONET, INC. (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, being 121 S. Michigan Street consisting of approximately 1,423 square feet of "Floor Area." (b) Term: Initial Term of Forty Eight (48) Lease Months, with two (2) options of Thirty Six (36) months each to extend the Initial Term, all as provided for in Sections 3.1 and 3_2 hereof. (c) Tenant's Use: Business Use for local office and customer interface location for Metronet Zing. (d) Tenant's Trade Name: St. Joe Valley Metronet, Inc. (e) Landlord's Address: 1200 County-City Building 227 West Jefferson Boulevard South Bend, Indiana 46601 (f) Tenant's Address: 121 S. Michigan Street South Bend, IN 46601 (g) Lease Month: A "Lease Month' ' shall mean each calendar month, beginning on the Commencement Date as defined in Section 3.1 (h) Security Deposit: An amount equal to the first month's Base Rent plus CAM 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 Exhibit B, each attached hereto and made a part hereof. 0) Effective Date: The date of last execution hereof by Landlord or Tenant.