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UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF ROSEVILLE Industrial Development Revenue Note of 1984, Series C (Advance Circuits, Inc. Project) $5,000,000 FOR VALUE RECEIVED the CITY OF ROSEVILLE, Ramsey County, Minnesota (the "City") hereby promises to pay The First ~ational Bank of Saint Paul, in St. Paul, Minnesota, its successors or registered assigns (the "Lender"), from the source and in the manner hereinafter provided, the principal sum of FIVE MILLION AND No/IOO DOLLARS ($5,000,000) (the "Principal Balance"), with interest thereon at the rate of seventy-five percent (75%) of the Reference Rate (as hereinafter defined) as such rate may change from time to time or at such higher rate as hereinafter provided in paragraph l(b), in any coin or currency which at the time or times of payment is legal tender for the pa~nent of public or private debts in the United States of America, in accordance with the terms hereinafter set forth. For purposes hereof, the term "Reference Rate" means the rate publicly announced as such by the Lender; actual lending rates charged by the Lender to other borrowers may be at, above, or below said Reference Rate. 1. (a) From and after the date hereof, this Note shall be amortized and paid in twenty-eight consecutive quarterly principal installments of $178,571.43, plus accrued interest payable on the 10th day of January, April, July and October commencing on January 10, 1985 and continuing until October 10, 1991 (the "Final Maturity Date") at which time the Principal Balance and accrued interest thereon shall be paid in full. Payments shall be applied first to interest due on the Principal Balance and thereafter to reduction of the Principal Balance. In addition, on the date hereof City shall pay as and for additional interest for the period from the date hereof through December 31, 1984 the sum of $50,000. 7