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<br />herein, until the principal amount is paid or duly provided for. This Bond will bear interest from
<br />the most recent date to which interest has been paid or duly provided for or, if no interest has been
<br />paid or duly provided for, from its date.
<br />The principal of and any premium on this Bond are payable upon presentation and
<br />surrender hereof at the principal corporate trust office of the trustee, presently U.S. Bank National
<br />Association (the “Trustee”). Interest is payable on each Interest Payment Date (as hereinafter
<br />defined) to the person in whose name this Bond (or one or more predecessor bonds) is registered
<br />(the “Holder”) on the Business Day (as hereinafter defined) next preceding the Interest Payment
<br />Date (the “Regular Record Date”) on the registration books for this issue maintained by the
<br />Trustee, at the address appearing therein. Any interest which is not timely paid or duly provided
<br />for shall cease to be payable to the Holder hereof (or of one or more predecessor bonds) as of the
<br />Regular Record Date, and shall be payable to the Holder hereof (or of one or more predecessor
<br />bonds) at the close of business on a Special Record Date (the “Special Record Date”) to be fixed
<br />by the Trustee for the payment of that overdue interest pursuant to the Indenture (hereinafter
<br />defined). Notice of the Special Record Date shall be mailed to Holders not less than ten (10) days
<br />prior thereto. The principal of and any premium on this Bond are payable in lawful money of the
<br />United States of America, without deduction for the services of the Trustee, provided, that when
<br />this Bond is registered in the name of a Depository (as defined in the Indenture hereinafter defined)
<br />or its nominee, the principal of and any premium on this Bond shall be payable in next day or
<br />federal funds delivered or transmitted to the Depository or its nominee. Interest on this Bond shall
<br />be paid by check or draft which the Trustee shall cause to be mailed on the date such principal and
<br />premium, if any, is due or on the Interest Payment Date such interest is due. When this Bond is
<br />registered in the name of a Depository, interest is payable in next day or federal funds delivered or
<br />transmitted to the Depository on the applicable Interest Payment Date.
<br />This Bond is one of a duly authorized issue of the Variable Rate Demand Economic
<br />Development Revenue Bonds, Series 2007 (PEI/Genesis Project) (the “Bonds”), issued by the
<br />Issuer pursuant to (i) Indiana Code 36-7-11.9, as amended, and Indiana Code 36-7-12, as amended;
<br />(ii) an ordinance adopted by the Common Council of the Issuer on November 27, 2006, a
<br />supplemental ordinance adopted by the Common Council of the Issuer on October 12, 2009 and a
<br />supplemental ordinance adopted by the Common Council of the Issuer on December 12, 2011
<br />authorizing the current refunding and reissuance of the Bonds; and (iii) the Trust Indenture, dated
<br />as of January 1, 2007, as amended by that certain Amended and Restated Trust Indenture, dated
<br />as of October 1, 2009, as further amended by that certain Second Amended and Restated Trust
<br />Indenture, dated as of January 3, 2012, and as modified on the date hereof by that certain Third
<br />Amended and Restated Trust Indenture (and as may be further modified, amended, supplemented
<br />and/or restated from time to time, the “Indenture”), between the Issuer and the Trustee, originally
<br />issued on January 30, 2007 in the aggregate principal amount of $8,105,000 for the purpose of
<br />assisting PEI/Genesis, Inc., a Pennsylvania corporation (“PEI”), and Tuliptree Associates LLC, a
<br />Pennsylvania limited liability company (“Tuliptree” or “Borrower”) (PEI and Tuliptree,
<br />collectively, the “Original Borrower”), with the financing of the costs of an economic development
<br />facility, consisting generally of the acquisition, construction and equipping of an approximately
<br />145,000 square foot manufacturing facility to be located at 4747 West Cleveland Road in South
<br />Bend, Indiana, to be owned by Tuliptree and used by PEI in its business of manufacturing
<br />electronic components, including electronic connectors, electronic systems, cable assemblies, and
<br />specialized connectors and components. The Issuer loaned the proceeds to the Original Borrower
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