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Pursuant to provisions of the Ordinance, the principal of and premium, if any, and interest on this bond and
<br />all other bonds of such issue and any bonds hereafter issued ranking on a parity therewith, are payable solely from
<br />the Sinking Fund created by the Ordinance to be provided from the county economic development income tax
<br />revenues of the City. The City shall not be obligated to pay this bond or the interest thereon except from said special
<br />fund provided from said revenues. Subject to the provisions for registration and to certain other provisions set forth
<br />in the Ordinance, this bond is negotiable under the laws of the State of Indiana.
<br />The City irrevocably pledges the entire county economic development income tax revenues of the City
<br />deposited into the Sinking Fund created by the Ordinance, to the extent necessary for that purpose, to the prompt
<br />payment of principal of and interest on the bonds authorized by the Ordinance, of which this is one, and any bonds
<br />hereafter issued on a parity therewith.
<br />The bonds maturing in any one year are issuable only in fully registered form in denominations of Five
<br />Thousand Dollars ($5,000) or integral multiples thereof not exceeding the aggregate principal amount of the bonds
<br />maturing in such year.
<br />[The bonds of this issue are not subject to redemption prior to the maturity thereof.]
<br />If this bond or a portion hereof shall have become due and payable in accordance with its terms and the
<br />whole amount of the principal of and interest so due and payable upon all of this bond or a portion hereof then
<br />outstanding shall be paid or (i) sufficient moneys, or (ii) direct obligations of, or obligations the principal of and
<br />interest on which are unconditionally guaranteed by, the United States of America, the principal of and the interest
<br />on which when due will provide sufficient moneys for such purpose, or (iii) time certificates of deposit fully secured
<br />as to both principal and interest by obligations of the kind described in (ii) above of a bank or banks the principal of
<br />and interest on which when due will provide sufficient moneys for such purpose, shall be held in trust for such
<br />purpose, then and in that case this bond or such portion hereof shall no longer be deemed outstanding or an
<br />indebtedness of the City.
<br />This bond is transferable or exchangeable only upon the books of the City kept for that purpose at the
<br />principal office of the Registrar and Paying Agent by the Registered Owner hereof in person, or by his attomey duly
<br />authorized in writing, upon surrender of this bond together with a written instrument of transfer or exchange
<br />satisfactory to the Registrar and Paying Agent duly executed by the Registered Owner or his attomey duly
<br />authorized in writing, and thereupon a new fully registered bond or bonds in the same aggregate principal amount
<br />and of the same maturity shall be executed and delivered in the name of the transferee or transferees or the
<br />Registered Owner, as the case may be, in exchange therefor. This bond may be transferred or exchanged without
<br />cost to the Registered Owner, except for any tax or governmental charge required to be paid with respect to the
<br />transfer or exchange. The Registrar and Paying Agent shall not be required to make any transfer or exchange of this
<br />bond following the last day of the calendar month immediately preceding an interest payment date on this bond until
<br />such interest payment date. The City and the Registrar and Paying Agent may treat and consider the person in
<br />whose name this bond is registered as the absolute owner hereof for all purposes including for the purpose of
<br />receiving payment of, or on account of, the principal hereof and interest due hereon.
<br />In the event this bond is mutilated, lost, stolen or destroyed, the City may execute and the Registrar and
<br />Paying Agent may authenticate a new bond of like date, maturity and denomination as this bond, which new bond
<br />shall be marked in a manner to distinguish it from this bond; provided that, in the case of this bond being mutilated,
<br />this bond shall first be surrendered to the City and the Registrar and Paying Agent, and in the case of this bond being
<br />lost, stolen or destroyed, there shall first be furnished to the City and the Registrar and Paying Agent evidence of
<br />such loss, theft or destruction satisfactory to the City and the Registrar and Paying Agent, together with indemnity
<br />satisfactory to them. In the event that this bond, being lost, stolen or destroyed, shall have matured, instead of
<br />issuing a duplicate bond, the City and the Registrar and Paying Agent may, upon receiving indemnity satisfactory to
<br />them, pay this bond without surrender hereof. The City and the Registrar and Paying Agent may charge the owner
<br />of this bond with their reasonable fees and expenses in connection with the above. Every substitute bond issued by
<br />reason of this bond being lost, stolen or destroyed shall, with respect to this bond, constitute a substitute contractual
<br />obligation of the City, whether or not this bond, being lost, stolen or destroyed shall be found at any time, and shall
<br />BDDBOI 4539793v1 -15-
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