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

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Section 7. Loan Agreement. In order to provide for the loan of the proceeds of the Bonds to acquire, construct and install the Project and the paymenttby the Borrower o£ an amount sufficient to pay the principal of and premium, if anv, and interest on the Bonds, the Mayor and City Clerk shall execute, acknowledge and deliver in the name and on behalf of the Issuer a Loan Agreement in substantially the form submitted to this Common Council, which is hereby approved in all respects. Section 8. Acceptance of Note. In connection with the Bonds, the Issuer accepts as security for such Bonds the Note of the Borrower. The Note shall be in substantially the form attached as Exhibit B to the Loan Agreement. The Mayor and City Clerk shall endorse the Note to the Trustee. Section 9. Additional Approval. The forms of the Mortgage and the Assignment of Rents and Leases before this meeting, to be signed by parties other than the Issuer in connection with the issuance of the Bonds and the security therefor, are hereby approved in form and content, with such changes and revisions as may be necessary and agreed upon by the parties thereto. Section 10. Execution. The Common Council understands that there may be revisions in the forms of documents before Common Council prior to the actual issuance of the Bonds. Execution and sealing by Mayor and the City Clerk of the Bonds, the Bond Purchase Agreement, the Indenture, the Loan Agreement, and endorsement by the Mayor and the City Clerk of the Note shall constitute conclusive evidence of their approval of any and all changes or revisions therein from the forms of such documents before this meeting. Section 11. TEFRA Hearing. The Issuer hereby approves and confirms and consents to the location and time of the public hearing to be held on September 28, 1984 (and the published notice with respect thereto) by the Economic Development Commission, such hearing being held to comply with Section 103(k) of the Internal Revenue Code of 1954. The Mayor is authorized to approve this Bond Ordinance after such public hearing. Section 12. General. The Mayor and the City Clerk and other officials and employees be and they are each hereby authorized and directed, in the name and on behalf of the Issuer, to execute any and all agreements, documents, and instruments, perform any and all acts, approve any and all matters, and do any and all things deemed by them, or any of them, to be necessary or desirable in order to carry out and comply with the intent, conditions and purposes of this Bond Ordinance (including the preambles hereto and the documents mentioned herein), the financing of the acquisition, construction and installation of, the Project by the Borrower, the issuance-and sale of the Bonds, and the securing of the Bonds under the Indenture.