R99-187 AUTHORIZING THE ISSUANCE AND SALE OF ECONOMIC DEVELOPMENT REVENUE BONDS

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The Company may, also at its own expense, make from time to time any additions, modification or improvements to the Project that it may deem desirable for its business purposes and that do not materially impair the structure, strength or effective use or materially decrease the value of the Project; provided that no such addition, modification or improvement shall result in a change in the character of the Project so that it no longer qualifies as an"industrial project" under the Act or constitutes a change in use under Section 150(b) of the Code. All additions, modifications or improvements made by the Company pursuant to the authority of this Section and otherwise herein shall (a) be made in a workmanlike manner and in strict compliance with all laws and regulations applicable thereto, (b) if commenced, be pursued to completion with due diligence and (c)when completed, be deemed a part of the Project. Section 5.2. Sale or Lease of Project; Assi�nment of Loan A�reement bv Company. Except to the extent permitted by the Mortgage or this Loan Agreement and except for Permitted Encumbrances, the Company will not assign, mortgage, pledge, sell, grant a security interest in, or in any other manner transfer, convey or dispose of the Project or any interest therein or part thereof or assign any of its right, title and interest in, to and under this Loan Agreement, whether voluntary, involuntary or by operation of law. Section 5.3. Companv to Maintain its Corporate Existence; Conditions Under Which Exceptions Permitted. The Company agrees that while any of the Bonds are outstanding it will maintain its corporate existence and will not dissolve or otherwise dispose of all or substantially all of its assets and will not consolidate with or merge into another corporation or permit one or more other corporations to consolidate with or merge into it without Assignee's consent, which shall not be unreasonably withheld. Section 5.4. Use of Project. The Company's ownership, possession, custody, use and enjoyment of the Project shall comply with the Code (including without limitation Section 501(c)(3) thereofl and this Loan Agreement. Section 5.5. Insurance and Bonds Required. The Company shall obtain and cause the Project to be kept continuously insured against such risks as are customarily insured against by companies conducting activities similar to those of the Company in connection with the Project, and shall pay as the same become due all premiums in respect thereof, such insurance to include the following policies of insurance and bonds: (a) Casualty insurance insuring the Project and the additional security against loss or damage by fire, lightning and all other risks covered by the extended coverage insurance endorsement then in use in the State in an amount equal to the Full Insurable Value thereof (subject to reasonable loss deductible clauses) issued by such insurance company or companies 29