5B6 First Amendment to Lease Agreement (SB Bike Garage) - Signed

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FIRST AMENDMENT TO LEASE AGREEMENT This First Amendment to Lease Agreement (“First Amendment”) is made effective as of December 12, 2024 (the “Effective Date”) by the City of South Bend, Indiana, Department of Redevelopment, acting by and through its governing body, the South Bend Redevelopment Commission (the “Landlord”) and South Bend Bike Garage Inc, an Indiana Nonprofit Corporation (“Tenant” and collectively with the Landlord, the “Parties”). Each of the Parties may be referred to in this Amendment as a “Party.” Recitals A.The Parties entered into a Lease Agreement dated October 24, 2024 (the “Lease”), in which they agreed the Tenant would lease from the Landlord certain portions of the real property commonly known as 119 W. Wayne Street., South Bend, Indiana 46601, parcel number 71-08-12-157-002.000-026 (the “Property”). B.Tenant has requested to modify the rented portion of the premises of the Lease, and Landlord believes a modification of the rented portion of the premises is in the best interests of the health, safety, and welfare of the City and its residents. C.The Parties therefore now desire to modify certain portions of the Lease as further set forth herein. NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and promises contained in this First Amendment and the Lease and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Parties agree as follows: 1.Section C. of the RECITALS shall be deleted in its entirety and replaced with the following: C. Landlord and Tenant desire to enter into a lease, under which Landlord will lease to Tenant a portion of the Property comprised of approximately 5,000 square feet of commercial space located on the first (main) floor of the building and excluding all portions of the lower (basement) level of the building. 2.The phrase “1,680 square feet of commercial space located on the ground floor and including the lower level” shall be deleted from Section 1.1.(a)and replaced with the phrase “5,000 square feet of commercial space located on the ground floor (excluding the basement)”. 3.Exhibit B shall be deleted in its entirety and replaced with the Exhibit B attached to this First Amendment. 4.Unless expressly modified by this First Amendment, the terms and provisions of the Lease remain in full force and effect. 5.Capitalized terms used in this First Amendment will have the meanings set forth in the Lease unless otherwise stated herein. 6.The recitals set forth above are hereby incorporated into the operative provisions of this First Amendment. 7.This First Amendment will be governed and construed in accordance with the laws