Authorizing City of South Bend Issue its Economic Development Revenue Bonds (Thomas W Mittler Project) $1,250,000.00

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Million Two Hundred Fifty Thousand Dollars ($1 ,250, 000 . 00) for the purpose of procuring funds to loan to the Company in order to finance the acquisition and construction of such facilities, as more particularly set out in said Loan Agreement, Mortgage and Security Agreement, which Economic Development Revenue Bond shall be payable as to principal and interest solely from the payments made by the Company on its aforesaid Promissory Note in the aggregate principal amount of One Million Two Hundred Fifty Thousand Dollars ($1,250, 000 . 00) which will be executed and delivered by the Company to evidence said loan, from other sources under said Loan Agreement, Mortgage and Security Agree- ment, and as otherwise provided in said Trust Indenture. Said Economic Development Revenue Bonds shall never constitute gen- eral obligations of, indebtednesses of, or charges against the general credit of the City. Said Economic Development Revenue Bonds shall be executed by the manual or facsimile signatures of the Mayor and the Clerk of the City; shall be executed and delivered on or about the date on which the Bonds are pur- chased; shall be dated as of the date on which the Bonds are purchased; shall be in the form of a Series 1985 Bond in the principal amount of $1 ,250 , 000 . 00, payable over 12 years, at a variable rate per annum equal to 70% of the national prime rate of interest, determined by reference to the prime rate of interest announced in The Wall Street Journal, rounded up to the nearest one-quarter of one percent as more particularly described in the Trust Indenture, except in the case of an Event of Taxability as defined in the Loan Agreement, in which -4-