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COMMERCIAL PROPERTY MANAGEMENT AND LEASING AGREEMENT (2009 -2010) This Agreement, made this l" day of February, 2009, between CITY OF SOUTH BEND REDEVELOPMENT COMMISSION ( "Owner"), and ROBERT BRADLEY ASSOCIATES, LLC, d /b /a CB RICHARD ELLIS BRADLEY whose address is 202 S. Michigan Street, Suite 200, P.O. Box 540, South Bend, Indiana 46624 -0540, an Indiana limited liability company, ("Agent "). APPOINTMENT AND ACCEPTANCE The Owner appoints the Agent for the management of the Property described in Section 2 of this Agreement, and the Agent accepts the appointment, subject to the terms and conditions set forth in this Agreement. 2. DESCRIPTION OF PROPERTY., The Properties are all located in South Bend and described as follows: • 118-131 South Michigan Street — Leighton Plaza Garage Retail /Redevelopment Retail • Leighton Plaza Courtyard located at 130 South Main Street 3. DEFINITIONS. As used in this Agreement: a. "Agent" means Robert Bradley Associates, LLC d /b /a CB Richard Ellis South Bend. b. "Operating Account" means the account described in Section 8 hereof. c. "Owner" means City of South Bend Redevelopment Commission d. "Principal Parties" means the ONN,ner and the Agent. e. "Property'' means the Property described in Section 2 hereof. f. "Property Expense" means an expense paid by the Agent from the Operating Account. 4. BASIC INFORMATION. The Owner has furnished the Agent, to the best of the Owner's ability, with a complete set of plans and specifications of the Proper, copies of all guaranties and warranties pertinent to the Property and its construction. fixtures and equipment, financial statements, accounting records, leases, service contracts, insurance policies and any and all pertinent related documents related thereto. With the aid of this information, discussion with the Owner, and inspection of the Property, the Agent has familiarized it self with the