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;s <br /> j <br /> A. Compiling operating data of the type included within the Official Statement and <br /> described within the Continuing Disclosure Undertaking Agreement. <br /> a B. Providing the above-described data to the nationally recognized municipal <br /> securities information repositories, and state repository (if established). <br /> C. Assisting the Client in the monitoring of material events as described within the <br /> Continuing Disclosure Undertaking Agreement by semiannually compiling such <br /> required information from questionnaires to be completed by the Client. <br /> Article III. Arbitrage Rebate Services <br /> Section 148 of the Internal Revenue Code requires issuers of tax-exempt bonds that <br /> meet certain criteria to have arbitrage rebate computations performed on a periodic <br /> basis. Our services will be limited to utilizing available information to calculate the <br /> arbitrage yield on the bond issues,the yield on non-purpose investments, the amount of <br /> excess earnings, if any, of the non-purpose investments at the calculated arbitrage <br /> yield, and the rebatable arbitrage, if any, due as of the five-year anniversary date or <br /> more frequently as necessary. If eligible, we will prepare spend-down calculations in <br /> lieu of rebate calculations. Our services for the arbitrage rebate computations include: <br /> A. Obtain information from bond offering documents, information returns filed <br /> upon issuance (Form 8038 and 8038 G), arbitrage certificate, legal documents <br /> and statements or summaries of transactions for the funds subject to rebate <br /> defined in the documents. <br /> i <br /> B. We will render a report which will be addressed to the Client. The report will <br /> summarize the results of the calculations performed. <br /> C. Assistance in preparing the IRS from 8038-T, if necessary. <br />° Calculation and payment of any arbitrage rebate due is the responsibility of the Client. <br /> The Client is responsible for notifying the Firm of any additional or subsequent bond <br />,I issues that would require arbitrage rebate services. Our engagement will not include <br /> verifying that: proceeds were used for purpose expenditures; investments were <br /> purchased at market price, no amounts were paid to any party in order to reduce the <br /> yield on any investment; the bond issue was appropriately structured or qualified as a <br /> tax-exempt offering; or information provided to us is complete and accurate. <br /> t <br /> t <br /> 3 <br /> y <br /> 1 <br />;t <br /> i <br />