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for expenses, indemnity rights and rights to perform certain discretionary acts as set forth in the <br /> Financing Agreement, are pledged and assigned by the Issuer to the Trustee as security for the <br /> Series 2017 Bonds. THE OWNER OF THIS BOND, BY ACCEPTANCE OF THIS SERIES <br /> 2017 BOND, HEREBY AGREES TO ALL OF THE TERMS AND PROVISIONS IN THE <br /> INDENTURE AND THIS SERIES 2017 BOND AND ACKNOWLEDGES THAT: <br /> 1. It is a sophisticated investor and is familiar with securities such as the Bonds. <br /> 2. It is familiar with the Issuer; it has received such information concerning the <br /> Issuer, the Series 2017 Bonds and the TIF Revenues as it deems to be necessary in connection <br /> with investment in the Series 2017 Bonds. It has received, read and had an opportunity to <br /> comment upon and has consented to the provisions of the Indenture, the Series 2017 Bonds and <br /> the Financing Agreement. Prior to the purchase of the Series 2017 Bonds, it has been provided <br /> with the opportunity to ask questions of and receive answers from the representatives of the <br /> Issuer concerning the terms and conditions of the Series 2017 Bonds, the tax status of the Series <br /> 2017 Bonds, legal opinions and enforceability of remedies, the security therefor, and property tax <br /> reform, and to obtain any additional information needed in order to verify the accuracy of the <br /> information obtained to the extent that the Issuer possesses such information or can acquire it <br /> without unreasonable effort or expense. We are not relying on Ice Miller LLP for information <br /> concerning the financial status of the Issuer or the ability of the Issuer to honor its financial <br /> obligations or other covenants under the Series 2017 Bonds, the Indenture or the Financing <br /> Agreement. <br /> 3. It is acquiring the Series 2017 Bonds for its own account with no present intent to <br /> resell; and will not sell, convey, pledge or otherwise transfer the Series 2017 Bonds without prior <br /> compliance with applicable registration and disclosure requirements of state and federal <br /> securities law. <br /> 4. It has investigated the security for the Series 2017 Bonds, including the <br /> availability of TIF Revenues, to its satisfaction, and it understands that principal on the Series <br /> 2017 Bonds is payable solely from TIF Revenues. It further understands that the Issuer does not <br /> have the power or the authority to levy a tax to pay the principal of or interest on the Series 2017 <br /> Bonds. <br /> 5. It understands that under current law the Issuer's collection of the TIF Revenues <br /> may be limited by operation of IC 6-1.1-20.6, which provides taxpayers with a tax credit for all <br /> property taxes attributable to difference classes of property in an amount that exceeds certain <br /> percentages of the gross assessed value of that property. It understands that the Issuer may not <br /> levy a property tax or borrow money to make up any shortfall due to the application of this tax <br /> credit. <br /> 6. It recognizes that: (a) the opinions it has received express the professional <br /> judgment of the attorneys participating in the transaction as to the legal issues addressed herein; <br /> (b) by rendering such opinions, the attorneys do not become insurers or guarantors of (i) that <br /> expression of professional judgment; (ii) the transaction opined upon; or (iii) the future <br /> performance of parties to such transaction; and (c) the rendering of the opinions does not <br /> guarantee the outcome of any legal dispute that may arise out of the transaction. <br /> -4 - <br /> I\11860514.2 <br />