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This Note is a duly authorized issue of City of Santa Ana 1982 Industrial Revenue Note (Mitsubishi Consumer Electronics America, Inc.) in the aggregate principal amount of Three Million Dollars ($3,000,000), issued pursuant to provisions of Ordinance No. NS1609, entitled "Ordinance of the City of Santa Ana Relating to the Financing of Industrial and Commercial Development within said City in the Interests of the Public Health, Safety and Welfare," adopted by the City Council of the City of Santa Aha on November 16, 1981, and pursuant to Resolution No. 82-51(the "Resolution") adopted by the City on April 19 , 1982, for the purpose of providing funds for the making of a loan to Mitsubishi Consumer Electronics America, Inc. to finance the construction, improvement and equipping of the Project (as that term is defined in the Resolution). The Note is secured in accordance with the terms and conditions of the Resolution, to which reference is hereby made for a specific description of the security therein provided, and of the nature, extent and manner of enforcement of such security, and a statement of the rights of the registered owner of the Note, to all of the provisions of which the registered owner of this Note, by acceptance thereof, consents and agrees. This Note, and the interest hereon (to the extent set forth in the Resolution), is payable from, and is secured by a charge and lien on, the Revenues derived by the City from the Loan and the Agreement (as those terms are defined in the Resolution). This Note is a special obligation of the City and is not a lien or charge against the .property or funds of the City, except to the extent of the pledge of Revenues, as provided in the Resolution. This Note is not a debt of the City, the State of California, or any of its political subdivisions and neither said City, said State, nor any of its political subdivisions is liable hereon nor in any event shall this Note be payable out of any funds or properties other than the Revenues hereinbefore referred to. Neither the faith and credit nor the taxing power of the City is pledged to the payment of the principal of or interest on this Note. The Note does not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction. The Note is subject to redemption or prepayment as a whole or in part, from any source of available funds, on any Payment Date, at the principal amount thereof, together with accrued interest thereon to such date. In addition, the Note is subject to redemption or prepayment as a whole or in part, on any Payment Date without premium, from prepayments pursuant to Section 1.04 of the Agreement, from excess Construction Fund. moneys, or from the proceeds of insurance or condemnation. The Note is also subject to prepayment upon the occurrence of an Event of Taxability (as that term is defined in the Resolution), as a whole but not in part, from funds provided by the Participating Party, on any Payment Date, at the principal amount thereof, together with accrued interest thereon to such quarterly Payment Date. ii