Authorizing $1,550.000 Economic Development Technologies Corp Project

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due of the principal installments of, premium, if any, and interest on this Bond are to be paid by the Company at the principal office of the Bank, and all revenues and income accruing from the repayment of the loan by the Company under the Agreement and the Note have been duly assigned and pledged to the Bank for that purpose, under the Bond Ordinance, to secure pay- ment of the principal installments of, premium, if any, and interest on this Bond. The principal installments of this Bond are subject to redemption prior to maturity by the Issuer in the event that the Company shall exercise its option to prepay the principal installments of the Note upon a Determination of Taxability (as defined in the Bond Ordinance) , as a whole, and not in part, on any date within sixty (60) days of such a Determination of Tax- ability, at a redemption price of 100% of the outstanding .principal amount hereof being redeemed and accrued interest to the date fixed for redemption, all as provided in Section 7.1 of the Agreement, together with any amounts due and owing under Sections 5.9(a) and 7.7 of the Agreement. The principal installments of this Bond are also subject to redemption prior to maturity at the option of the Issuer from any available funds, including funds derived from the prepayment of the principal installments of the Note (or a portion thereof) at the option of the Company pursuant to Section 7.2 of the Agreement or borrowed funds, as a whole, or in part in the inverse order of the maturity of the principal installments hereof, on any date during which this Bond bears interest at a rate calculated on the basis of the Prime Rate, at a redemption price of 100% of the principal amount hereof being redeemed plus accrued interest to the date fixed for redemption. The principal installments of this Bond are further subject to redemption prior to maturity by the Issuer in the event the Company shall elect to exercise its option to prepay the principal installments of the Note and to cause the principal installments of this Bond to be redeemed prior to maturity as provided in Section 7.3 of the Agreement in the event of damage to or destruction of or condemnation of the Premises (as defined in the Bond Ordinance) or certain other events described therein. As a result of any such event, the principal install- ments of this Bond shall be subject to redemption prior to maturity on any date, as a whole, and not in part, at a redemp- tion price of 100% of the principal amount hereof being redeemed plus accrued interest to the date fixed for redemption, together with any amounts due and owing under Section 7.7 of the Agree- ment. 0:E