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City of South Bend Schedule B (Lease #24265) <br />Compound Period: Annual <br />Nominal Annual Rate: 0.000% <br />CASH FLOW DATA <br />Event Date Amount Number Period End Date <br />1 Loan 12/15/2017 $2,400,000.00 1 <br />2 Payment 12/15/2018 $ 600,000.00 4 Annual 12/15/2021 <br />AMORTIZATION SCHEDULE - Normal Amortization, 360 Day Year <br />Date <br />Payment <br />Interest Principal <br />Balance <br />Loan 12/15/2017 <br />$2,400,000.00 <br />112/15/2018 <br />$ 600,000.00 <br />$ <br />- $ 600,000.00 <br />$1,800,000.00 <br />212/15/2019 <br />$ 600,000.00 <br />$ <br />- $ 600,000.00 <br />$1,200,000.00 <br />312/15/2020 <br />$ 600,000.00 <br />$ <br />- $ 600,000.00 <br />$ 600,000.00 <br />412/15/2021 <br />$ 600,000.00 <br />$ <br />- $ 600,000.00 <br />$ - <br />Grand Totals <br />$2,400,000.00 <br />$ <br />- $2,400,000.00 <br />ORIGINAL ISSUE DISCOUNT: <br />Lessee acknowledges that the amount financed by Lessor is $ 2,240,966.83 and that such amount is the issue price for this <br />Lease. Payment .Schedule.for.federalincome.tax. purposes. The difference betweewthe principal amount.of this LeaseTayment Schedule iind the i .- <br />ssue price is original issue discount as defined inSection 1288 of the Code. The yield for this Lease Payment Schedule for federal income tax pu <br />rposes is 2.80%. Such issue price and yield will be stated inthe applicable Form 8038-G. <br />INITIAL, INSURANCE REQUIREMENT: $2,400,000.00 <br />Except as specifically provided in Section five of the Lease hereof, Lessee agrees to pay to Lessor or its assignee the <br />Lease Payments, including the interest portion, in the amounts and dates specified in the above payment schedule. <br />CLEAN SHORT FORM SIMPLIFIED LEASE rev 7.28.16 <br />