No. 1965 authorizing the issuance of tax increment revenue bonds, series 2003, of the SB redevelopment district

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of each year by check or draft. Interest shall be calculated on the basis of twelve (12) thirty -day months for a three hundred sixty (360) -day year. The principal of and premium, if any, on this bond are payable at the principal office of in , Indiana, as Paying Agent (which term shall include any successor Paying Agent). Interest on this bond shall be paid by check or draft mailed or delivered to the Registered Owner hereof at the address as it appears on the books kept by in , Indiana, as Registrar (which term shall include any successor Registrar), for the registration and for the transfer of the bonds (the "Bond Register ") as of the fifteenth day of the month immediately preceding the interest payment date or at such other address as is provided to the Paying Agent in writing by the Registered Owner. All payments on this bond shall be made in lawful money of the United States of America. Notwithstanding anything herein to the contrary, when this bond is registered in the name of a Depository (as defined herein) or its nominee, the principal of, premium, if any, and interest on this bond shall be payable in next day or federal funds delivered or transmitted to the Depository or its nominee. This bond, together with interest thereon, does not constitute a corporate obligation or indebtedness of the City, but the same is an obligation of the Redevelopment District, which is a special taxing district having the same boundaries as the City, and is payable solely out of the Tax Increment. Subject to the provisions for registration, this bond is negotiable under the laws of the State of Indiana. This bond, and the issue to which it is a part, are issuable only as fully registered bonds in the denominations of $5,000 or any integral multiple thereof and shall be originally issued only to a Depository to be held in a Book Entry System and: (i) this bond shall be registered in the name of the Depository or its nominee, as Bondholder, and immobilized in the custody of the Depository; (ii) unless otherwise requested by the Depository, there shall be a single bond certificate; and (iii) this bond shall not be transferable or exchangeable, except for transfer to another Depository or another nominee of a Depository, without further action by the Commission. While this bond is in book - entry-only form, a physical certificate representing this bond shall only be delivered to the Depository. If any Depository determines not to continue to act as a Depository for this bond for use in a Book Entry System, the Commission may attempt to have established a securities depository/Book Entry System relationship with another qualified Depository. If the Commission does not or is unable to do so, the Commission, after it has made provision for notification to the Beneficial Owners of book entry interests by the then Depository, shall permit withdrawal of this bond from the Depository, and authenticate and deliver a bond certificate or certificates in fully registered form (in denominations of $5,000 or any integral multiple thereof) to the assignees of the Depository or its nominee. In addition to the words and terms defined elsewhere in this bond, the following terms shall have the following meanings: "Beneficial Owner" means with respect to the this bond, a Person owning a Beneficial Ownership Interest therein. SBIMANI 145795v2 - 9 -