Authorizing $1,550.000 Economic Development Technologies Corp Project

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The principal installments of this Bond are further subject to redemption prior to maturity by the Issuer in the event that any moneys remain in the Construction Fund referred to in the Bond Ordinance upon receipt by the Bank of a completion certificate pursuant to Section 3.4 of the Agreement (other than moneys withheld and used to pay costs of the Project, as set forth in Section 3.4 of the Agreement) or any moneys remain from any insurance proceeds or condemnation proceeds after the completion of the repair, rebuilding, restoration or acquisition of said Premises after certain events of damage to, destruction of or condemnation of said Premises. In any such event, the principal installments of this Bond shall be subject to redemp- tion prior to maturity on any date within ten (10) days of the receipt by the Bank of such completion certificate or of the completion of such repair, rebuilding, restoration or acquisi- tion, in part in the inverse order of maturity of the principal installments' thereof, at a redemption price of 1000 of the principal installments hereof being redeemed and accrued interest to the date fixed for redemption, together with any amounts due and owing under Section 7.7 of the Agreement. The principal installments of this Bond are further subject to redemption prior to maturity by the Issuer at the option of the owner of this Bond on December 1, 1994, upon at least sixty (60) days' written notice from the owner of this Bond to the Issuer and the Company of its election to cause the principal installments of this Bond to be so redeemed. As a result of such event, the principal installments of this Bond are subject to redemption prior to maturity from funds derived from the prepayment of the principal installments of the Note by the Company pursuant to Section 7.5 of the Agreement, as a whole, and not in part, on the aforesaid date, at a redemption price of 1000 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 Agreement. Upon receipt by the Issuer and the Bank of at least five (5) days' prior written notice from the Company specifying a date for the prior redemption of the principal installments of this Bond (or a portion hereof), the Bank shall, to the extent that amounts are or become available therefor, apply such amounts on behalf of the Issuer to the redemption of the principal installments of this Bond (or a portion hereof) in accordance with the preceding paragraphs. The principal installments of this Bond (or a portion hereof), if designated for prior redemp- tion, shall cease to bear interest on the specified redemption date, provided sufficient funds for their redemption have been paid to the Bank on such date. -19-