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5B2 First Amendment to Lease Agreement (East Bank Learning Center) - Signed
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5B2 First Amendment to Lease Agreement (East Bank Learning Center) - Signed
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9/11/2025 1:09:26 PM
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9/11/2025 1:09:06 PM
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Dept of Community Investment
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Page 1 of 7 <br />FIRST AMENDMENT TO COMMERCIAL LEASE <br />This FIRST AMENDMENT TO COMMERCIAL LEASE (the “First Amendment”) is <br />made and entered into effective on the 11th day of September, 2025 (“Effective Date”), among <br />EBLC, LLC, an Indiana limited liability company (the “Lessee”) and the City of South Bend, <br />Indiana, Department of Redevelopment, by and through its governing body, the South Bend <br />Redevelopment Commission (collectively, the “Lessor”) (Lessee and Lessor are hereinafter <br />collectively referred to as the “Parties”, and each individually is hereinafter referred to as a <br />“Party”). <br />RECITALS <br />WHEREAS, Lessee and Oaklawn Psychiatric Center, Inc. (“Oaklawn”) entered into that <br />certain Commercial Lease dated October 1, 2017 (the “Original Lease”), and subsequently <br />executed an Addendum modifying certain terms, made effective on October 4, 2023 (the <br />“Addendum”) (the Original Lease, together with the Addendum, is hereinafter referred to <br />collectively as the “Commercial Lease”), a true and accurate signed copy of which is attached <br />hereto, and fully incorporated by reference, as Exhibit “1”; <br />WHEREAS, on April 1, 2025, Oaklawn transferred its ownership of the property located <br />at 425 E. Madison St., which contains the property that is the subject of the Commercial Lease, to <br />the South Bend Redevelopment Commission (“Lessor”) and assigned the Commercial Lease to <br />Lessor by way of the execution of that certain Assignment of Recorded Lease dated April 1, 2025 <br />and recorded as Document Number 2025-07251 in the Office of the Recorder of St. Joseph County, <br />Indiana on April 2, 2025; and <br />WHEREAS, Lessee and Lessor each desire to amend the Commercial Lease in certain <br />respects, while leaving the remaining terms and provisions of the Commercial Lease unchanged, <br />as further set forth herein. <br />NOW THEREFORE, Lessee and Lessor agree as follows: <br />1.Recitals. The above recitals are incorporated by reference and fully made part hereof. <br />2.Definition of Terms. All defined terms as used herein shall have the same meaning as set <br />forth in the Commercial Lease, unless separately defined herein. Capitalized Terms used <br />in this First Amendment shall have the same meanings set forth in the Commercial Lease, <br />except as otherwise stated herein. <br />3. Amendments. The Parties hereby agree that the following amendments shall be the only <br />amendments to the Commercial Lease: <br />i.Paragraph 1, titled “Property Rented” shall be deleted in its entirety and <br />replaced with the following: <br />1. Property Rented. Lessor hereby leases to Lessee, and Lessee agrees to
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