Document:

Amendment to Consulting Agreement,

 EXHIBIT 10.5 
  
 IVAX Diagnostics, Inc. 
  
 July 29, 2003 
  
 Mario Cossi 
 Via Stesicoro 148 
 00125 Roma 
 Italy 
  
 Re: Consulting Agreement II 
  
 Dear Mr. Cossi: 
  
 As you are aware, we are parties to a Consulting Agreement II, dated as of September 1, 1999 (the “Agreement”),
relating to certain consulting services provided by you to IVAX Diagnostics, Inc. (“IVD”). Terms not defined herein shall have the meanings ascribed to them in the Agreement. 
  
 The initial three-year term of the Agreement expired on August 31, 2002. As previously discussed, both you and IVD desire to
extend the Agreement, on the same terms and conditions stated therein, for another three-year term, commencing effective as of September 1, 2002 and ending on August 31, 2005. 
  
 This letter sets forth our mutual understanding and acknowledgement that, notwithstanding any agreements, documents or
discussions, whether written or oral, to the contrary, the Agreement, as hereby extended, continues in full force and effect as of September 1, 2002 and remains the legal, valid and binding agreement of each of you and IVD. You and IVD both hereby
ratify and confirm, as of September 1, 2002, all of our respective obligations under the Agreement, as hereby extended. 
  
 If the foregoing correctly sets forth our agreement, please sign this letter in the space indicated below and return a signed copy to my attention.

  

			
	 Sincerely,

	
	 IVAX Diagnostics, Inc.

		
	 By:
	 	 /s/ Giorgio D’Urso

	 	 	 Giorgio D’Urso,

	 	 	 President and Chief Executive Officer

  

	
	 Accepted and agreed to:

	
	 /s/ Mario Cossi

	 Mario CossiAmendment to Employment Agreement,

 EXHIBIT 10.10 
  
 IVAX Diagnostics, Inc. 
  
 February 24, 2004 
  
 Giorgio D’Urso 
 c/o IVAX Diagnostics, Inc. 
 2140 N. Miami Avenue 
 Miami, FL 33137 
  

	 	Re:	Employment Agreement, dated October 1, 1998 (the “Agreement”) 

  

Dear Mr. D’Urso: 
  
 As you are aware, we are parties to the Agreement, which sets forth the terms and conditions of your employment by IVAX Diagnostics, Inc. (the
“Company”). Terms not defined herein shall have the meanings ascribed to them in the Agreement. 
  
 The Term of the Agreement expired on October 1, 2003. As previously discussed, both you and the Company desire to extend the Term, on the same terms and
conditions stated in the Agreement, for an additional period commencing effective October 1, 2003 and ending on February 24, 2006. 
  
 This letter sets forth our mutual understanding and acknowledgement that, notwithstanding any agreements, documents or discussions, whether written or
oral, to the contrary, the Agreement, as hereby extended, continues in full force and effect as of October 1, 2003 and remains the legal, valid and binding agreement of each of you and the Company. You and the Company both hereby ratify and confirm,
as of October 1, 2003, all of our respective obligations under the Agreement, as hereby extended. 
  
 If the foregoing correctly sets forth our agreement, please sign this letter in the space indicated below and return a signed copy to my attention.

  

			
	 Sincerely,

	
	 IVAX Diagnostics, Inc.

		
	 By:
	 	 /s/ Duane Steele

	 	 	 Duane Steele,

	 	 	 Vice President – Business Development

	
	 Accepted and agreed to by:

	
	 /s/ Giorgio D’Urso

	 Giorgio D’UrsoEXHIBIT 4.5

                                 PROMISSORY NOTE
                               FOR LONG-TERM LOANS

$62,500,000                                               September 1, 2003

         FOR VALUE RECEIVED, Southern Indiana Gas and Electric Company, an
Indiana corporation ("Borrower") hereby promises to pay to VECTREN UTILITY
HOLDINGS, INC., an Indiana corporation ("Lender"), in same day funds at its
principal offices in Evansville, Indiana, or at such other place Lender may from
time to time designate, the principal sum of Sixty-two Million, Five Hundred
Thousand Dollars ($62,500,000), together with interest thereon from the date
hereof until paid in full, all without relief from valuation or appraisement
laws. Interest shall be charged on the unpaid outstanding balance of this Note
at a rate per annum equal to the rate paid and to be paid by Lender with respect
to the borrowings it made in order to provide funds to Borrower hereunder.
Interest on borrowings shall be due and payable in immediately available funds
on the same business day on which Lender must pay interest on the borrowings it
made in order to provide funds to the Borrower hereunder. The principal hereof
shall be due and payable hereunder at such times and in such amounts and in such
installments hereunder as Lender must pay with respect to the borrowings it made
in order to provide funds to Borrower hereunder. Lender has provided Borrower
with a copy of the documentation evidencing the borrowings made by Lender in
order to provide funds to Borrower hereunder. Borrower's share under this Note
of the Lender borrowings represents 62.5% of the underlying 5.75% VUHI Senior
Notes due August 1, 2018 and net proceeds approximate $61.9 million. In the
absence of manifest error, such documentation and the records maintained by
Lender of the amount and term, if any, of borrowings hereunder shall be deemed
conclusive.

         The terms and conditions of the borrowings made by Lender in order to
provide funds to Borrower hereunder, such documentation of which is attached
hereto, are hereby incorporated by reference and made a part hereof; provided,
however, that the principal sum under this Note shall be in such amount as set
forth in this Note. In the event of any conflict or inconsistency between the
terms of this Note and the terms of the borrowings made by Lender in order to
provide funds to Borrower hereunder, the terms of this Note shall govern.

         Presentment, notice of dishonor and demand, protest and diligence and
collection and bringing suit are hereby severally waived by Borrower and each
endorser hereby consents that the time for payment of this Note or any
installment hereunder may be extended from time to time without notice by
Lender. No waiver of any default or failure or delay to exercise any right or
remedy by Lender shall operate as a waiver of any other default or of the same
default in the future or as a waiver of any right or remedy with respect to the
same or any other occurrence. No single or partial exercise by Lender of any
right or remedy shall preclude other or further exercises thereof or of any
other right or remedy.

         This Note inures to the benefit of Lender and binds Borrower and
Lender's and Borrower's respective successors and assigns, and the terms
"Lender" and Borrower" whenever occurring herein shall be deemed and construed
to include such respective successors and assigns.

         This Note shall be construed according to, and governed by, the laws of
the State of Indiana.

         This Note is one of the promissory notes referred to in the Financial
Services Agreement, dated January 5th, 2001, and subsequently amended on January
22, 2003, between Lender, Borrower and certain other public utility subsidiaries
of Lender to which reference is made for a statement of additional rights and
obligations of the parties hereto.

         IN WITNESS WHEREOF, the Borrower has caused this Note to be executed as
of the date and the year first hereinabove written.

                           SOUTHERN INDIANA GAS AND
                           ELECTRIC COMPANY

                        By:/s/Robert L. Goocher
                        -----------------------------
                        Robert L. Goocher
                        Vice President and Treasurer

<PAGE>

                                                 Principal Amount
Underwriter                            of Initial Underwritten Securities
-----------                         -----------------------------------------
                                    Principal Amount of   Principal Amount of
                                    5.25% Senior Notes    5.75% Senior Notes
                                    -------------------   -------------------
ABN AMRO Incorporated...............     $ 34,000,000          $ 34,000,000
Banc One Capital Markets, Inc.......       34,000,000            34,000,000
Wachovia Capital Markets, LLC.......       12,000,000            12,000,000
BNY Capital Markets, Inc............        5,000,000             5,000,000
Fifth Third Securities, Inc.........        5,000,000             5,000,000
NatCity Investments, Inc............        5,000,000             5,000,000
U.S. Bancorp Piper Jaffray Inc......        5,000,000             5,000,000
                                          -----------           -----------
Total                                    $100,000,000          $100,000,000

The Underwritten Securities shall
have the following terms:

Title:                              5.25% Senior Notes due 2013
                                    5.75% Senior Notes due 2018

Rank:                               Unsecured senior indebtedness

Guarantees:                         Guaranteed by Indiana Gas Company, Inc.,
                                    Southern Indiana Gas and Electric Company
                                    and Vectren Energy Delivery of Ohio, Inc.

Ratings:                            "Baa1" by Moody's Investors Service, Inc.
                                    "A-" by Standard & Poor's Ratings Services

Aggregate principal amount:         5.25% Senior Notes: $100,000,000
                                    5.75% Senior Notes: $100,000,000

Denominations:                      $1,000 and integral multiples thereof

Currency of payment:                United States dollars

Interest rate or formula:           5.25% Senior Notes: 5.25% per annum
                                    5.75% Senior Notes: 5.75% per annum

Interest payment dates:             February 1 and August 1 of each year,
                                    commencing February 1, 2004

Regular record dates:               The 15th calendar day of the month
                                    immediately preceding the month in which
                                    each Interest Payment Date falls

Stated maturity date:               5.25% Senior Notes: August 1, 2013
                                    5.75% Senior Notes: August 1, 2018

Redemption provisions:              The Notes are redeemable at any time at the
                                    option of the Company in whole or in part,
                                    upon not less than 30 calendar days and not
                                    more than 60 calendar days prior written
                                    notice at a price equal to the greater of
                                    100% of the principal amount to be redeemed,
                                    and the sum of the present values of the
                                    remaining scheduled payments of principal
                                    and interest on the Notes, discounted to the
                                    redemption date on a semi-annual basis at
                                    the Treasury Rate plus 20 basis points, in
                                    the case of the 5.25% Senior Notes, and 25
                                    basis points, in the case of the 5.75%
                                    Senior Notes, plus in each case unpaid
                                    interest accrued to the redemption date.

Sinking fund requirements:          The Notes will not have the benefit of, or
                                    be subject to, any sinking fund.

Defeasance provisions:              The Notes are subject to defeasance and
                                    covenant defeasance as provided in Article 8
                                    of the Indenture.

Fixed or Variable Price Offering:   5.25% Senior Notes: 99.746% of the principal
                                    amount, plus accrued interest, if any, from
                                    July 29, 2003.
                                    5.75% Senior Notes: 99.177% of the principal
                                    amount, plus accrued interest, if any, from
                                    July 29, 2003.

Purchase price:                     5.25% Senior Notes: 99.096% of the principal
                                    amount.
                                    5.75% Senior Notes: 98.477% of the principal
                                    amount.

Over-allotment option:              None

Form:                               Book-entry

Listing:                            None

Lock-Up Agreements:                 During the period of 90 days from July 29,
                                    2003 the Company will not sell, offer to
                                    sell, grant any option for the sale of, or
                                    otherwise dispose of any additional Notes,
                                    any security convertible into or
                                    exchangeable into or exercisable for Notes
                                    or any debt securities substantially similar
                                    to the Notes or any security convertible
                                    into, exchangeable into or exercisable for
                                    any such debt securities, withou the prior
                                    written consent of the Underwriters.

Other terms and conditions:         None

Closing date and location:          July 29, 2003 at Sidley Austin Brown & Wood,
                                    LLP, 787 Seventh Avenue, New York,
                                    New York 10019.

         All of the provisions contained in the document attached as Annex I
hereto entitled "Vectren Utility Holdings, Inc.--Debt Securities--Underwriting
Agreement" are hereby incorporated by reference in their entirety herein and
shall be deemed to be a part of this Terms Agreement to the same extent as if
such provisions had been set forth in full herein. Terms defined in such
document are used herein as therein defined.

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