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3 <br />EL185\61\949053.v3 <br />TIF Note in substantially the form attached to this Agreement as Exhibit B in an amount not to <br />exceed $53,989.93 subject to the following conditions: <br />No amendments are made to subsections (1)-(8) in Section 3.2. <br />4. Amendment to the Form of TIF Note. The Form of the Original TIF Note <br />attached as Exhibit B to the Original Agreement shall be replaced with the amended and restated <br />Form of TIF Note attached hereto as Exhibit A (the “Amended TIF Note”). The Amended TIF <br />Note represents a proportionate reduction of the principal amount of Original TIF Note based on <br />the number of jobs created or retained compared to the job and wage goals set forth in the <br />Subsidy Agreement ($70,370.37) less principal payments that have already been made by the <br />City to the Developer ($3,504.21). Interest shall be paid on the Amended TIF Note assuming <br />that the principal amount of the Original TIF Note was $53,989.93 on the date of issuance. <br />Interest shall be calculated in the sole discretion of the City. The Original TIF Note shall have <br />no further force or effect. <br />5. Capitalization. Any capitalized terms used herein but not otherwise defined shall <br />have the meanings assigned to such terms in the Original Agreement. Any references to the <br />“Agreement” or “this Agreement” in the Agreement shall refer to the Original Agreement, as <br />amended by this Second Amendment, and as may be further amended and supplemented. <br />6. Amendments. The amendments made to the Agreement, as amended by this <br />Second Amendment, shall be effective as of the date hereof. <br />7. Effectiveness. Except as hereby amended, all other terms and conditions of the <br />Original Agreement shall remain in full force and effect. <br />Page 258 of 389