No. 2026 amending resolution No. 1965-a bond resolution of the SBRC authorizing the issuance of tax increment revenue bonds, series 2003, of the SB redevelopment district as previously amended by resolution No. 2004 and No. 2017

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of Bonds maturing in any one (1) year. The Bonds shall be numbered consecutively from 2003R -1 upwards and shall bear interest payable semiannually commencing February 1, 2004, or such later date as may be set forth in the Issuer's Certificate, defined herein, and each August 1 and February 1 thereafter, at a rate or rates not to exceed seven percent (7 %) (the exact rate or rates of interest to be determined by negotiated sale as set forth in Section 9 hereof) or such lower rate or rates for such maturities as may be determined by the President of the Commission and the Controller and set forth in a certificate of the Redevelopment District executed by the President of the Commission and the Controller prior to the sale of the Bonds, establishing certain provisions and details with respect to the Bonds (hereinafter referred to as the "Issuer's Certificate "). Interest shall be calculated on the basis of twelve (12) thirty (30)- day months for a three hundred sixty (360) -day year. Notwithstanding anything herein to the contrary, the Bonds shall, in compliance with all applicable laws, be initially issued and held in book -entry form and registered in the name of Cede & Co., as nominee for The Depository Trust Company without physical distribution of Bonds to the purchasers thereof. The President of the Commission is hereby authorized to take such action as may be necessary to provide for the Bonds to be issued in book - entry -only form, including without limitation executing a Blanket Issuer Letter of Representations. IL The Bonds shall mature semiannually on each February 1 and August 1 beginning on August 1, 2004, or such later date as may be set forth in the Issuer's Certificate, and thereafter on each February 1 and August 1 through and including August 1, 2024, or such earlier final maturity date and in such annual principal amounts set forth in the Issuer's Certificate. The Controller is hereby appointed as the Registrar and Paying Agent (the "Registrar" or the "Paying Agent" or in both such capacities as the "Registrar and Paying Agent "). The Registrar and Paying Agent is hereby charged with and shall undertake the performance of all of the duties and responsibilities customarily associated with each such position, including without limitation authenticating the Bonds. The Registrar shall keep and maintain at his office books for the registration and for the transfer of the Bonds (the "Bond Register "). The principal of and premium, if any, on the Bonds shall be payable at the principal office of the Paying Agent for the Bonds. Interest on the Bonds shall be paid by check or draft mailed or delivered to the registered owners thereof at the address as it appears on the Bond Register as of the 15`h 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 such registered owners. All payments on the Bonds shall be made in any coin or currency of the United States of America which on the dates of such payments shall be legal tender for the payment of public and private debts. SBIMANI 1679060 - 3 -