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1 <br />SUBLEASE AGREEMENT <br />This Sublease (“Sublease”) is made effective as of July 1, 2025 (the "Effective Date"), by <br />and between the City of South Bend, Indiana, Department of Redevelopment, acting by and <br />through its governing body the South Bend Redevelopment Commission (the “Commission”), and <br />Haunt of Hounds, LLC d/b/a Fatbird, an Indiana limited liability company (the “Tenant”) (each a <br />"Party," and together, the "Parties"). <br />RECITALS <br />A.Commission exists and operates pursuant to the Redevelopment of Cities and <br />Towns Act of 1953, as amended, being I.C. 36-7-14 (the “Act”). <br />B.Since July 2020, Commission has leased to Tenant a portion of the real property <br />and improvements located in South Bend, Indiana with an address of 103 W. Colfax Avenue, <br />with a Parcel Key No. 018-1002-0043 (the “Property”), more particularly described in the <br />attached Exhibit A, and comprised of approximately 3,500 square feet of commercial space <br />located on the first (main) floor of the building and excluding the lower (basement) level, <br />subject to an option for 2,400 square feet in the lower level (further described herein and <br />identified as the “Premises”). <br />C.In January of 2022, Commission transferred the Property to the South Bend <br />Redevelopment Authority (“RDA”) to effectuate a certain lease rental revenue bond transaction <br />that would finance a portion of improvements to the Property. As part of this transaction, RDA <br />leased back to Commission through a certain Lease Agreement dated as of December 1, 2021 <br />all of its right, title, and interests in the Property and expressly provided the authority to <br />Commission to enter into agreements with other parties for the operation of the Property. <br />D.Commission has retained the authority to enter into occupancy agreements related to <br />the Property and Premises, and now desires to enter into a new sublease of the Premises with <br />Tenant for a period of three (3) years under the terms set forth herein. <br />NOW, THEREFORE, in consideration of the mutual promises and obligations set forth in <br />this Sublease, the adequacy of which is hereby acknowledged, the Parties agree as follows: <br />ARTICLE I <br />BASIC SUBLEASE PROVISIONS <br />1.1. Basic Sublease Provisions. The following basic provisions of this Sublease (the <br />“Basic Sublease Provisions”) constitute an integral part of this Sublease and are set forth in this <br />Section 1.1 for the convenience of the Parties. The following Basic Sublease Provisions shall be <br />applied to and construed with the other relevant terms of this Sublease and the Sublease as a whole.