2006-102 APPROVING A REDEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF DECATUR, ILLINOIS AND IP PLAZA, LLC, IN CONNECTION WITH THE EASTGATE COMMONS REDEVELOPMENT PROJECT AREA

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i Y�t7�IC�nc : �.��11 F'��B : �i`=f� any other person has made any representations concerning the realization of Iner�mental Taxes or the Municipal Sales `�ax Increment. The initial holder of this Note made or arranged all compuyations and projections as to the receipt of Incrementaf "I'azes or the Munic�pai Suies Tax Increment. I i (3 j �he holder has, thruugh its attorneys, agents and employe�s, investigated the public and private facilities and real prupe��ty constituting the Project and the parts thereof to e financed with the proceeds of this Note and the allowable Eligible Redevelopment Project Costs. The holder ack�owledges that it has through its counsel, advisors and cunsultants participated in the drafting of the underlying do uments in connection with this transaction, and has investigated the Act, the Redevelopment Plan, the R development Agreement, the Redevelopment Project and the Municipality, and all requested information relati g thereto as well as such other information as it deerns necessary or appropriate as prudent and knowledgea le investor in evaluating this investment. The holder acknewledges that the Municipality has made available Xo such holder and the h��lder's representatives the opportunity to �btair. additional information and the opportunitv��to ask questions of and receive satisfactory answers concernin� it and the Redevelopment Plan, the Redevelopm�nt Project, the Redevelopment Agre�ment and the nature and source of lncremental Taxes and the Municipal Sal 'I'ax Increment. Reaching the corclusio��that the holder desires to acquire this Note(or to accept it as collateral) itlhas�arefully evaluated all risks assoc�ated with this investrnent and acknowledges that it is able to bear the econom'c risks of this investment. The hi�lder is. bv reason of its I.nowledge and experience in financial and business m tters in genei•al and real estate transas,+ions in particulai•, :,apabie of evaivating the merits and risks of the investme t in this Note(or accepting it as cuilacera{). - (4� The holder has reviewed and appro�ed all documents in c�nnec±i�n with this transaction, includin�the Redevefoprnent Plan, the Rede�elopment Agreement, the eligibility of�edevelopment Project Costs to be paid with proceeds of this Note an� all other related documents,certificates and o inions. °�_�- (5) Th�� ",9unicipality has made no representation or warrantyl concerning the projecri�n� of incrc;i7iental Taxes, nor ha� it ;�presented or warranted as to the corr�ctness of'a�y statements or represe!�tations made ur matzriais furnished by or on behalf of any pianning consultant related to t e Redevelopment Plan and the Iledev�lopment Pr�iect or ar;�other person in cunnection with this investment. , (6) fhe halcler has ��eceived all information which it has le�ucsted with respect to the Re�level��>ment Plar an�the Radevelopmeni Froject,the lncremental Taxes, and the N,unic�pal Sales Tax Increment and the Redevelopmer:t ,lgreement necessary in order to purchase this Note or acc pt it as collateral, and all other ;�. inf��r�i�atiun relating thereto wh�ch it has reyaested has been fiirnished to it. ' (7) The holder hereb}� covenants and agrees to make availarle tp any prospective purche�ser or purchasers uf this Note from it such information as is necessary ur appropriate in tl�e optn�on of counsel ro enable such prospective purchaszr ur purchasers to make an informed investment decisipn with respect hereto, and in ��eneral to condu�t any resale of this Note by the holder to others as if the requirerr�ents of R.egulation D under the Securi;ies Act of 1933,as amend�d, were appiicable thereto. i� (8� ;'r�e initial holder has accepted this Note and a!I other doc�ments in connection with the �urciinse of th�s ;vote as an inducer,��;nt to the Municipali�y to issue this Note. �, (9) b'«<,h a�j�� every provisiui; uf this Note shall be bin�ing upon t e huldr;r and :?s successors and �i5�ig�is, �ncluding any pledgee. � I (10) 1'his Note is n•ansferable bv the registered owner hercaf, b�t on!y with the consent of the 1�lunicipal�ty, and not otherwise, in persun or b� such owner's attorney duly autho�ized in writing at the principal c7t7ice of the Kegistrar in Decatar, i;linois, but only in the manner, subject ta the liFnitations and upon payment of any charges imposed by lati�, and upan sun•ender and cancellatior. of this Note. Upo't� such transfer a new Note with the •same terms will be issued to the transteree in exchange therefor. The Not is to be issued in Maximum Aggregate Principal Amount not ta exceed the dollar amount specified on the tirst page hereof in fully registered form in the denomination ot�$O.OI or•authorized integral multiples thereof. (1]j Notwithstznding any othe►• provision of this Note or the Re evelopment Agreement to the �I Page 29 of 32 I