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BLUE SKY <br />The County has not undertaken to register the Bonds under the securities laws of any state, <br />nor investigated the eligibility of any institution or person to purchase or participate in the <br />underwriting of the Bonds under any applicable legal investment, insurance, banking or other laws. <br />By submitting a bid for the Bonds, the successful bidder represents that the sale of the Bonds in <br />states other than Florida will be made only under exemptions from registration or, wherever <br />necessary, the successful bidder will register the Bonds in accordance with the securities laws of <br />the state in which the Bonds are offered or sold. The County agrees to cooperate with the <br />successful bidder, at the bidder's written request and expense, in registering the Bonds or obtaining <br />an exemption from registration in any state where such action is necessary; provided, however, <br />that the County shall not be required to consent to suit or to service of process in any jurisdiction. <br />CERTAIN DISCLOSURE OBLIGATIONS OF THE PURCHASER <br />Section 218.38(1)(b)(2), Florida Statutes, requires that the successful purchaser file a <br />statement with the County containing information with respect to any fee, bonus or gratuity paid, <br />in connection with the Bonds, by any underwriter or financial consultant to any person not <br />regularly employed or engaged by such underwriter or consultant. Receipt of such statement is a <br />condition precedent to the delivery of the Bonds to such successful bidder. <br />The winning bidder must (1) complete the Truth -in -Bonding Statement provided by Bond <br />Counsel (the form of which is attached hereto as Exhibit A) and (2) indicate whether such bidder <br />has paid any finder's fee to any person in connection with the sale of the Bonds in accordance with <br />Section 218.386, Florida Statutes. <br />ESTABLISHMENT OF ISSUE PRICE <br />The winning bidder shall assist the County in establishing the issue price of the Bonds and <br />shall execute and deliver to the County on or prior to the closing date for the Bonds an "issue price" <br />or similar certificate setting forth the reasonably expected initial offering prices to the public or <br />the actual sales price or prices of the Bonds, together with the supporting pricing wires or <br />equivalent communications, substantially in the applicable form attached hereto as Exhibit B, with <br />such modifications as may be appropriate or necessary, in the reasonable judgment of the winning <br />bidder, the County and Bond Counsel. All actions to be taken by the County under this Official <br />Notice of Sale to establish the issue price of the Bonds may be taken on behalf of the County by <br />the County's municipal advisor identified herein and any notice or report to be provided to the <br />County may be provided to the County's municipal advisor. <br />The County intends that the provisions of Treasury Regulation Section 1.148-1(f)(3)(i) <br />(defining "competitive sale" for purposes of establishing the issue price of the Bonds) will apply <br />to the initial sale of the Bonds ("competitive sale requirements") because: <br />(1) the County has disseminated this Official Notice of Sale to potential <br />underwriters in a manner that is reasonably designed to reach potential underwriters; <br />10 <br />