Authorize- Issuance of Revenue Bonds $11,960,000

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, ($11,960,000.00) for the Purpose of Financing Costs of a Proposed Economic Development Project of the City, Together with Expenses in Connection with the Issuance of Bonds" (the "Ordinance"), and the Indiana Code. Reference is hereby made to the Ordinance for a description of the nature and extent of the rights, duties and obligations of the owners of the bonds and the City and the terms on which this bond is issued, and to all the provisions of the Ordinance to which the registered owner hereof by the acceptance of this bond assents. Pursuant to provisions of the Ordinance,the principal of and prernium,if any,and interest on this bond and all other bonds of such issue and any bonds hereafter issued ranking on a parity therewith, are payable solely from the Sinking Fund created by the Ordinance to be provided from the county economic development income tax revenues of the City. The City shall not be obligated to pay this bond or the interest thereon except from said special fund provided from said revenues. Subject to the provisions for registration and to certain other provisions set forth in the Ordinance,this bond is negotiable under the laws of the State of Indiana. The City irrevocably pledges the entire county economic development income tax revenues of the City deposited into the Sinking Fund created by the Ordinance,to the extent necessary for that purpose, to the prompt payment of principal of and interest on the bonds authorized by the Ordinance,of which this is one, and any bonds hereafter issued on a parity therewith. THE TERMS AND PROVISIONS OF THIS BOND ARE CONTINUED ON THE REVERSE SIDE HEREOF AND SUCH CONTINUED TERMS AND PROVISIONS SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS THOUGH FULLY SET FORTH AT THIS PLACE. It is hereby certified and recited that all acts, conditions and things required by law and the Constitution of the State of Indiana to be done precedent to and in the execution, issuance,sale and delivery of this bond have been properly done, happened and performed in regular and due form as provided by law; and that this bond and the total issue of bonds is within every limit of indebtedness provided by the Constitution and laws of the State of Indiana. This bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Ordinance authorizing this bond until the certificate of authentication hereon shall have been duly executed by the Registrar(or a duly authorized representative thereo fl. IN WITNESS WHEREOF, the City of South Bend, in the State of Indiana, by ordinance of its Common Council, has caused this bond to be executed in its name by the manual or facsimile signature of its Mayor, countersigned by the manual facsimile signature of its Controller,and attested by the manual or facsimile signature of its Clerk, who has caused the official seal of the City to be impressed or a facsimile thereof to be printed or otherwise reproduced hereon. CITY OF SOUTH BEND, INDIANA By: (Facsimile) Mayor Countersigned: (Facsimile) Controller (SEAL) ATTEST: (Facsimile) Clerk -7-