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~ ~, <br />Underwriter, the fees and expenses of Bond Counsel, the fees and expenses of the Financial Advisor <br />to the Authority, the costs and expenses incident to the preparing and printing of this Contract, the <br />Official Statement, the Trust Agreement and any fees charged by investment rating agencies for the <br />rating of the Bonds, it being understood that, except as provided in this Section 7, the Underwriter <br />will pay all its own costs and expenses including any advertising and mailing connected with any <br />offering of the Bonds by it. Nothing herein shall be construed to relieve the Underwriter from <br />liability for its default. <br />8. Parties in Interest. This Contract is made solely for the benefit of the Authority and the <br />Underwriter (including the successors or assigns of any Underwriter, but excluding any purchaser of <br />the Bonds) and no bondholder or any other person shall acquire or have any right hereunder or by <br />virtue hereof. . <br />9. Governing Law. This Contract shall be construed in accordance with and governed by the <br />laws of the State of Indiana. <br />Very truly yours, <br />CITY SECURITIES CORPORATION <br />BY <br />Printed <br />Title <br />• ACCEPTED AS OF _. ,1993 <br />By <br />THE SOUTH BEND REDEVELOPMENT AUTHORITY <br />Joseph W. Wroblewski, President <br />-6- <br />