Issuance & Sale $6,400,000 Economic Development Revenue Bonds One Michiana Square Associates

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installment is so increased, such installment shall also include an amount equa= to the difference between (a) the sum of (i) the outstanding principal amount of the Bonds alss (ii) the total amount of deferred interest and interest thereon, and (b) 110% of the original principal amount of the Bonds), and thereafter, subsequent monthly installments shall remain fixed at such amount until the next following quarterly interest rate adjustment, at which time the pavment adjustment procedure described above shall be repeated and the payment adjusted either upward or downward, as required; (d) if the Adjusted Rate is at any time less than 12.25% per annum, the amount of the monthly installments shall nevertheless continue in the amount of the Maximum Monthly Installment, and each such monthly installment shall be applied first to deferred interest and interest thereon, and if sufficient to pay such deferred interest and interest thereon, then the balance shall be applied to accrued interest. When all such deferred interest and interest thereon shall have been paid, the amount of the monthly installments shall be. reduced to accrued interest only at the Adjusted-Rate; (e) the outstanding principal amount of the Bonds and any other amounts due thereon, to the extent not paid in full from a portion of each monthly installment as set forth above, shall be due and payable on October 1, 2009. The "Adjusted Rate" shall be equal to 11.25% from the date of issuance and delivery to and including December 31, 1984, and thereafter shall be adjusted on a quarterly basis, commencing January 1, 1985, and on each April 1, July 1, October 1 and January 1 thereafter, to a rate equal to 75% (the "Index Percentage ") of the rate on new issue long -term A -rated utility bonds as reported by Salomon Brothers, Inc. in its weekly "Bond Market Round -up" report issued in the last full calendar week prior to the week in which the applicable quarter begins. In the event Salomon Brothers, Inc. or its successor no longer publishes said report or the reporting frequently is changed so that such determination cannot be made as required above, Capital Holding Corporation, a Delaware corporation, as agent on behalf of the holders of the Bonds (the "Agent "), shall designate the most nearly similar nationally published index reporting rates on new issue long -term A -rated utility bonds which index shall thereafter be used for the rate adjustment. In no event shall the Adjusted Rate exceed the maximum lawful rate of interest.which may be borne by the Bonds. In the event the Adjusted Rate would (but for the limitation thereon) exceed on any effective date described above the maximum permissible rate according to Indiana law, the holders of the Bonds may (as provided in Section 301(d) of the Indenture and Section 7.1(d) of the Loan Agreement) require that the Bonds be prepaid in full, without premium or penalty.