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MEMORANDUM OF LEASE <br />THIS MEMORANDUM OF LEASE (this "Memorandum") is made as of the day <br />of July. 2008, by and between the SOUTII BEND REDEVELOPMENT COMMISSION, <br />governing body of the South Bend Department of Redevelopment ("Landlord"), and KITE <br />REALTY EDDY S"TREE"I~ GARAGE, LLC, an Indiana limited liability company ("Tenant"). <br />REC11'ALS <br />A. Landlord and Tenant entered into that certain Lease, dated July , 2008 (as the <br />same may be hereafter amended, the "Lease"), pursuant to which Landlord leased to Tenant and <br />Tenant Ieased from Landlord that certain real estate located in St. Joseph County, Indiana, being <br />described on I?xhibit A attached hereto and made a part hereof, together with any and ali <br />improvements, fixtures, hereditaments, easements and appurtenances thereunto belonging or in <br />any way appertaining thereto (the "Premises"). <br />B. Landlord and Tenant desire to execute and record a memorandum of the Lease. <br />NOW, THEREFORE, for and in consideration of the foregoing premises, the Lease and <br />other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, <br />Landlord and Tenant hereby represent and acknowledge the following: <br />L Capitatizcd terms used in this Memorandum and not defined in this Memorandum <br />shall have the meanings ascribed thereto by the Lease. <br />2. The term of the Lease is for a period commencing on the first to occur of (a) the <br />date that the construction of the Parking Garage is complete, or (b) the date selected by Tenant <br />(the "Commencement llate") and expiring on the first to occur of (i) February 15, 2033, (ii) the <br />date upon which all outstanding Bonds have been redeemed, or (iii) the date upon which the <br />Master Lease and/or the Sublease expires or is terminated. <br />3. Landlord and Tenant desire to record this Memorandum for the purpose of <br />placing the public on notice of the Lease, all of the provisions of which are incorporated herein <br />by reference with the same force and effect as if herein set forth in full. Nothing contained in <br />this Memorandum is intended to or does modify or expand in any way any of the terms or <br />provisions of the Lease, and the I_,ease shall determine and govern the rights and duties of <br />Landlord and Tenant in all respects. <br />4. This Memorandum may be executed by the parties on separate counterparts, each <br />of which shall to be deemed an original, but all of which, taken together, shall constitute one and <br />the same instrument. <br />I/Z 18d2~6.1 <br />