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�-' FSA <br /> MUNICIPAL BOND INSURANCE COMMITMENT <br /> FINANCIAL SECURITY ASSURANCE INC. ("Financial Security" or "FSA") hereby commits to issue its Municipal Bond <br /> Insurance Policy(the"Policy") relating to whole maturities of the debt obligations described in Exhibit A attached hereto (the <br /> "Bonds"), subject to the terms and conditions set forth in this Commitment, of which Commitment Exhibit A is an integrated <br /> part, or added hereto(the "Commitment"). To keep this Commitment in effect after the Expiration Date set forth in Exhibit A <br /> attached hereto, a request for renewal must be submitted to Financial Security prior to such Expiration Date. Financial <br /> Security reserves the right to refuse wholly or in part to grant a renewal. <br /> THE MUNICIPAL BOND INSURANCE POLICY SHALL BE ISSUED IF THE FOLLOWING CONDITIONS ARE SATISFIED: <br /> 1. The documents to be executed and delivered in connection with the issuance and sale of the Bonds shall not <br /> contain any untrue or misleading statement of a material fact and shall not fail to state a material fact necessary in order to <br /> make the information contained therein not misleading. <br /> 2. No event shall occur which would permit any underwriter or purchaser of the Bonds, otherwise required, not to be <br /> required to underwrite or purchase the Bonds on the date scheduled for the issuance and delivery thereof("Closing Date"). <br /> 3. There shall be no material change in or affecting the Bonds (including, without limitation, the security for the <br /> Bonds) or the financing documents or the Official Statement (or any similar disclosure documents) to be executed and <br /> delivered in connection with the issuance and sale of the Bonds from the descriptions or forms thereof approved by <br /> Financial Security. <br /> 4. The Bonds shall contain no reference to Financial Security, the Policy or the insurance evidenced thereby except <br /> as may be approved by Financial Security. BOND PROOFS SHALL HAVE BEEN APPROVED BY FINANCIAL SECURITY <br /> PRIOR TO PRINTING. The Bonds shall bear a Statement of Insurance in the form provided by Financial Security. <br /> 5. Financial Security shall be provided with: <br /> (a) Executed copies of all financing documents, any disclosure document (the "Official Statement") and the <br /> various legal opinions delivered in connection with the issuance and sale of the Bonds (which shall be dated the Closing <br /> Date and which, except for the opinions of counsel relating to the adequacy of disclosure, shall be addressed to Financial <br /> Security or accompanied by a letter of such counsel permitting Financial Security to rely on such opinion as if such opinion <br /> were addressed to Financial Security), including, without limitation, the approving opinion of bond counsel. Each of the <br /> foregoing shall be in form and substance acceptable to Financial Security. Copies of all drafts of such documents prepared <br /> subsequent to the date of the Commitment (blacklined to reflect all revisions from previously reviewed drafts) shall be <br /> furnished to Financial Security for review and approval. Final drafts of such documents shall be provided to Financial <br /> Security at least three (3) business days prior to the issuance of the Policy, unless Financial Security shall agree to some <br /> shorter period. <br /> (b) Evidence of wire transfer in federal funds of an amount equal to the insurance premium, unless alternative <br /> arrangements for the payment of such amount acceptable to Financial Security have been made prior to the delivery date of <br /> the Bonds. <br /> (c) Standard & Poor's Ratings Services, Moody's Investors Service Inc. and Fitch IBCA, Inc. will separately <br /> present bills for their respective fees relating to the Bonds. Payment of such bills should be made directly to such rating <br /> agency. Payment of the rating fee is not a condition to release of the Policy by Financial Security. <br /> 6. Promptly after the closing of the Bonds, Financial Security shall receive three completed sets of executed <br /> documents (one original and either(i)two photocopies(each unbound)or(ii)three compact discs). <br /> 7. The Official Statement shall contain the language provided by Financial Security and only such other references to <br /> Financial Security or otherwise as Financial Security shall supply or approve. FINANCIAL SECURITY SHALL BE <br /> PROVIDED WITH SIX PRINTED COPIES OF THE OFFICIAL STATEMENT. <br />