Resolution Nos. 3637 & 3638 RIF Bonds (Drewrys Portage Elwood) - Signed

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8 Redevelopment District (the “District”), for value received, hereby promises to pay to the Registered Owner set forth above, the Principal Sum set forth above on the Maturity Date set forth above (unless this bond is subject to and is called for redemption prior to maturity as hereafter provided), and to pay interest thereon until the Principal Sum shall be fully paid at the Interest Rate per annum specified above from the interest payment date to which interest has been paid next preceding the Authentication Date of this bond unless this bond is authenticated after the first day of the month in which interest is payable (the “Record Date”) and on or before such interest payment date in which case it shall bear interest from such interest payment date, or unless this bond is authenticated on or before [January/July] 15, 20__ in which case it shall bear interest from the Original Date, which interest is payable semi-annually on February 1 and August 1 of each year, beginning on _____ 1, 20__. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. Pursuant to the provisions of the Act and the Resolution (as hereinafter defined), the principal of and interest on this bond and all other bonds of said issue, and any other bonds issued hereafter on a parity herewith, are payable from the sources described in the Resolution, which consist of allocated incremental taxes on certain property located in certain allocation areas (the “Allocation Areas”) designated within the River West Development Area of the District received by the District in accordance with Indiana Code 36-7-14-39 (the “Tax Increment”). The District irrevocably pledges the Tax Increment to the prompt payment of principal of and interest on the bonds authorized by the Resolution, of which this is one, and any bonds ranking on a parity therewith, including, without limitation, the 2020 Obligation (as defined in the Resolution) and senior to the payment of any obligations which by their terms are junior to the Bonds and the 2020 Obligation, including, without limitation, the Junior Obligations (as defined in the Resolution). Reference is made to the Resolution for a more complete statement of the revenues from which and conditions under which this bond is payable, a statement of the conditions on which obligations may hereafter be issued on a parity with this bond, the manner in which the Resolution may be amended and the general covenants and provisions pursuant to which this bond has been issued. The principal of and premium, if any, on this bond are payable at the principal office of Bank of New York Mellon Trust Company, N.A. (the “Registrar” or “Paying Agent”), in Indianapolis, Indiana. All payments of interest on this bond shall be paid by check mailed one business day prior to the interest payment date to the Registered Owner as of the Record Date at the address as it appears on the registration books kept by the Registrar or at such other address as is provided to the Paying Agent in writing by the Registered Owner. All payments of principal of and premium, if any, on this bond shall be made upon surrender thereof at the principal office of the Paying Agent in any U.S. coin or currency which on the date of such payment shall be legal tender for the payment of public and private debts, or in the case of a registered owner of $1,000,000 or more in principal amount of bonds, by wire transfer on the due date upon written direction of such owner provided at least fifteen (15) days prior to the maturity date or redemption date. This bond is one of an authorized issue of bonds of the District of like original date, tenor and effect, except as to denomination, numbering, interest rates, redemption terms and dates of maturity, in the total amount of [Two Million Five Hundred Seventy Thousand Dollars