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LI <br />Section 3. The Commission hereby approves of the form of the Guaranty <br />Agreement to be entered into by the District and Ambac Assurance which Ambac Assurance <br />requires to be executed in order for Ambac Assurance to issue the Surety Bond. The <br />Commission authorizes the President or Vice President and Secretary to approve of any changes <br />to the Guaranty Agreement and to execute and attest the Guaranty Agreement in conjunction <br />with the issuance of the Bonds. <br />Section 4. The Commission hereby acknowledges that the remaining terms <br />and provisions of the Bond Resolution remain in full force and effect. <br />Section 5. This Resolution shall be in full force and effect after its adoption <br />by the Commission. <br />SBIMANI 137132v1 - 8 - <br />