Bill No. 67-22 Ordinance Authorizing Fund for SB Choc. Dest. Pr.

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EXHIBIT A-2 FORM OF THE SOUTH BEND CHOCOLATE COMPANY, INC. TAXABLE ECONOMIC DEVELOPMENT REVENUE NOTE SERIES 2022B NOTE Issue Date: November , 2022 Original Principal: [$1,000,000] Maturity Date: November, 2030 Interest Rate: [3.28]% FOR VALUE RECEIVED, the undersigned, The South Bend Chocolate Company, Inc. ("Borrower"), an Indiana corporation incorporated and existing under the laws of the State of Indiana and authorized to do business under the laws of the State of Indiana, hereby promises to pay to the order of City of South Bend, Indiana ("City"), in immediately available funds the interest and principal due under the Loan Agreement, dated as of November 1, 2022, between the City and Borrower ("Loan Agreement"), upon maturity, to extent all or a portion of the principal and interest payable under this Series 2022B Note is not forgiven pursuant to the Loan Agreement, at such place as the City may direct, in immediately available funds based upon the outstanding principal amount drawn on this Note, which shall not to exceed [$1,000,000]. In certain events and in the manner set forth in the Loan Agreement, payments due under this Series 2022B Note are entitled to forgiveness. This Series 2022B Note is issued pursuant to the Loan Agreement, and is entitled to the benefits, and is subject to the conditions thereof. The Borrower's obligations under this Series 2022 Note are subject in all respects to the further provisions of the Loan Agreement. This Note is the Note referred to in the Loan Agreement and is subject to, and is executed in accordance with, all of the terms, conditions and provisions thereof, including those respecting prepayments. In any case where the date of payment hereunder shall not be on a Business Day (as defined in the Loan Agreement), then such payment shall be made on the next succeeding Business Day with the same force and effect as if made on the date of payment hereunder. All terms used in this Note which are defined in the Loan Agreement shall have the meanings assigned to them in the Loan Agreement. [Remainder of page intentionally left blank] 4854-2813-5735.5