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Mr. Gareth Kuhl <br /> 429 N. Pennsylvania Street, Suite 210 <br /> Indianapolis, IN 46204 <br /> Section 8.9. Successors and Assigns. Whenever in this Loan Agreement any of the <br /> parties hereto is named or referred to,the successors and assigns of such party shall be deemed to <br /> be included and all the covenants, promises and agreements in this Loan Agreement contained by <br /> or on behalf of the Borrower, or by or on behalf of the City, shall bind and inure to the benefit of <br /> the respective successors and assigns,whether so expressed or not. <br /> Section 8.10. Counterparts. This Loan Agreement is being executed in any number of <br /> counterparts, each of which is an original and all of which are identical. Each counterpart of this <br /> Loan Agreement is to be deemed an original hereof and all counterparts collectively are to be <br /> deemed but one instrument. <br /> Section 8.11. Governing Law. It is the intention of the parties hereto that this Loan <br /> Agreement and the rights and obligations of the parties hereunder and the Series 2023 Note and <br /> the rights and obligations of the parties thereunder, shall be governed by and construed and <br /> enforced in accordance with,the laws of the State. <br /> Section 8.12. Third-Party Beneficiary. The parties hereto acknowledge and agree that the <br /> terms of this Loan Agreement may be enforced by the Redevelopment Commission. The <br /> Redevelopment Commission shall be deemed to be a third-party beneficiary of this Loan <br /> Agreement. Except as provided in the foregoing sentence and as specifically set forth herein, <br /> nothing in this Loan Agreement is intended to confer any rights or remedies under or by reason of <br /> this Loan Agreement on any person or entity other than the parties hereto and their successors and <br /> permitted assigns. <br /> (End of Article VIII) <br /> 19 <br /> 4865-5920-9350.2 <br />