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LOAN AGREEMENT <br />This Loan Agreement (the "Loan Agreement") made and entered into as of <br />Nu~Grn~° 26~ 1998, by and between the Director of Transportation (the "Director") of the <br />State of Ohio (the "State"), acting on behalf of the State, and Mayfield Village, Ohio, a <br />municipal corporation and political subdivision, organized and existing under the laws of the <br />State of Ohio (the "Village"), under the circumstances summarized in the following recitals (the <br />capitalized terms not defined in the recitals are being used therein as defined in Article I hereof): <br />A. Pursuant . to the Act, the Director is authorized, among other things, to make loans to <br />assist in the financing of a Qualified Project. <br />B. The Village has requested that the Director provide financial assistance for the Project. <br />C. The Director has determined that the Project constitutes a Qualified Project and that the <br />financial assistance to be provided pursuant to this Loan Agreement is appropriate under the Act <br />and will be in furtherance and in implementation of the public policy set forth in the Act. <br />NOW, THEREFORE, in consideration of the premises and the representations and <br />agreements hereinafter contained, the Director and the Village agree as follows: <br />[Balance of page intentionally left blank] <br />3 <br />