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(I) Certificates Any certificates signed by any officer of the City and delivered to the Purchaser shall be deemed a representation and warranty by the City to the Purchaser, but not by the person signing the same, as to the statements made therein (1) Financial Condition The financial statements of the City for the year ended June 30, 2016, supplied to the Purchaser (i) were prepared in accordance with generally accepted accounting principles, consistently applied, and (ii) fairly present the City's financial condition as of the date of the statements Other than as otherwise disclosed to the Purchaser, there has been no material adverse change in the City's financial condition subsequent to June 30, 2016 (k) Financial Statements The City hereby agrees to furnish or cause to be furnished ( ) Y Y g to the owner, at the City's expense, (i) within 240 days of the end of the City's fiscal year, the audited financial statements of the City for that year, (ii) within 30 days after the adoption thereof in each fiscal year, the annual, approved operating budget of the City for the subsequent fiscal year, and (in) such other information that the owner of the Bonds may from time to time reasonably request Any audited financial statements furnished to the owner shall be prepared in accordance with generally accepted accounting principles, consistently applied, and shall fairly present the City's financial condition as of the date of the statements (1) Facilitation of Transfers The City hereby agrees that, upon the request of the owner of the Bonds, the City shall answer questions from and furnish all documents and information requested by a potential buyer of the Bonds concerning the City, the Bonds and the security therefor, and the transactions and documents related to or contemplated by the foregoing and all matters related thereto (m) Notices The City hereby agrees that it shall provide timely notice to the Purchaser of any and all of the following occurrences, through and until the date upon which the Bonds have been fully repaid, redeemed and/or defeased (i) an event of default under any debt, revenue bond or obligation of the City that is outstanding as of the date hereof or that is issued by the City hereafter, (ii) any Material Litigation, or governmental proceeding having the effect of Material Litigation, is brought against or to include the City, and (iii) any material adverse change in the City's financial condition (n) Bank Qualified The Bonds are eligible for designation as "qualified tax-exempt obligations" under Section 265(b)(3) of the Tax Code (p) Waiver of Sovereign Immunity The City does not enjoy any rights of immunity on the grounds of sovereign immunity in respect of its obligations under the Trust Agreement, the Agreement, this Purchase Contract, or otherwise with respect to the Bonds To the extent the City has or hereafter may acquire under any applicable law any rights to immunity from legal proceedings on the grounds of sovereignty, the City hereby waives, to the extent permitted by law, such rights to immunity for itself in respect of its obligations arising under or related to the Trust Agreement, the Agreement, this Purchase Contract, or otherwise with respect to the Bonds 6. Representations, Warranties and Agreements of the Purchaser. The Purchaser represents to and agrees with the Issuer that, as of the date hereof and as of the Closing 7 2763992 2