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3 <br />8.Benefit of the Parties. This Option Agreement is made solely for the benefit of the <br />Parties, and no one else shall acquire or have any right under (or by virtue of) this Option <br />Agreement. <br />9.Binding Effect; Assignment. This Option Agreement shall be binding upon and <br />inure to the benefit of the Parties and to their respective successors and assigns. The rights and <br />obligations contained in this Option Agreement shall not be assigned by any Party, except that <br />OLR may assign its rights and obligations hereunder to NDIC. <br />10. Amendment. This Option Agreement may only be amended or modified as may be <br />agreed upon in writing by all Parties. <br />11.Notices. All notices and other communications hereunder shall be in writing and <br />shall be furnished by hand-delivery or by registered or certified mail to the Parties at the addresses <br />set forth below, which may be updated by the Parties from time to time. Any such notice shall be <br />duly given upon the date it is delivered to the addresses shown below, addressed as follows: <br />If to the Commission, to: <br />South Bend Redevelopment Commission <br />c/o Department of Community Investment <br />227 W. Jefferson Blvd., Suite 1400 S. <br />South Bend, IN 46601 <br />Attn: Executive Director <br />With a copy to: <br />City of South Bend Department of Law <br />227 W. Jefferson Blvd., Suite 1200 S. <br />South Bend, IN 46601 <br />Attn: Corporation Counsel <br />If to OLR, to: <br />Our Lady of the Road, Incorporated <br />PO Box 4375 <br />South Bend, IN 46634 <br />Attn: Jonathan Schommer <br />With a copy to: <br />THK Law, LLP <br />212 E. LaSalle Ave. <br />Suite 100 <br />South Bend, IN 46617 <br />Attn: Jay Lewis