Authorizing Issue its Economic Development Revenue Bonds (GEM Partnership Project) $1,000,000.00

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Economic Development Revenue Bond shall be payable as to principal and interest solely from the payments made by the Partnership on its aforesaid Promissory Note in the Aggregate principal amount of One Million Dollars ($1,000 ,000 .00) which will be executed and delivered by the Partnership to evidence said loan, from other sources under said Loan Agreement, Mortgage and Security Agreement, and as otherwise provided in said Bond Purchase Agreement. Said Economic Development Revenue Bonds shall never constitute general obligations of , indebtedness of, or charges against the general credit of the City. The delivery date and date of the bond shall be on or about August 14, 1985. 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 purchased; 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 ,000,000.00, payable over 20 years callable at the option of the bondholder at the end of year 10 at a rate based on the prime rate of American Fletcher National Bank, Indianapolis, Indiana which rate shall not exceed fifteen percent (15%) per annum except in the case of an Event of Taxability as defined in the Loan Agreement, in which case borrower shall reimburse bondholder for any amount expended relative to determination of , or payment of, a tax levied by any taxing authority and imposed as a result of the receipt of interest payments under this bond issue all as more particularly described in the Loan Agreement and Bond Purchase Agreement; shall be issued in registered form; shall be registrable as provided herein; shall be payable in the medium and at the place or places pro- vided therein; and shall be subject to optional and mandatory prepayment as provided therein. In the event the Purchaser and the Bank shall in their discretion agree in writing that the Purchase Date may occur later than August 14, 1985 , then the maturity date of this Bond set forth in the Bond may be extended (with interest accruing to such extended maturity date at the rate set forth in the Bond and payable monthly on the first day of each month) , and the payment dates of the installments payable as set forth in the Bond may be extended, all as set forth in such agreement, provided any such extension shall not exceed twelve (12) months. Section 6. The Mayor and/or the Clerk of the City are authorized and directed to sell said Economic Development Revenue Bonds to American Fletcher National Bank at a price not less than one hundred percent (100%) of the principal amount thereof, plus accrued interest, if any. Section 7. The GEM Partnership facility to be located at 2920 W. Sample Street will not have an adverse competitive impact on other facilities of the same kind already operating in the same market area and will contribute significantly to the creation of permanent new job opportunities. 3 .