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4. The Lender has received the financial information requested by the Lender from the Borrower in connection with the 2015 Note and has been afforded the opportunity to examine such documents and receive such written information concerning the terms and conditions of the 2015 Note and the financial condition and creditworthiness of the Borrower as the Lender has deemed necessary to receive in connection with determining whether to make the loan evidenced by the 2015 Note (the "Loan"). 5. The Lender has not relied upon any representations made by any officials of the Borrower, its agents, employees, counsel or representatives, in reaching its decision to make the Loan, other than the certificates, opinions, resolutions, or other documents executed in relation to the delivery to the Lender of the 2015 Note, but has relied solely upon the documentation referred to in this and the preceding paragraph. 6. The Lender understands that (i) the Loan is evidenced by the 2015 Note, (ii) there is only one 2015 Note, and the aggregate principal amount of the 2015 Note is the Principal Amount set forth on such 2015 Note, (iii) the 2015 Note may not be transferred except as provided in the Resolution and in the Note, and (iv) any transfer must be to a Permitted Lender. 7. The Lender is not acting as a broker or other intermediary and is acquiring the 2015 Note for its own account as evidence of a privately placed loan and not with a present view to the resale or other distribution of all or any part thereof or any interest therein to others. 8. The interest rate established for the 2015 Note was established at arms length between the Lender and the Borrower. 9. The Lender further represents, warrants and covenants that: (i) it is not funding the Loan for the direct or indirect promotion of any scheme or enterprise with the intent of violating or evading any provision of Chapter 517, Florida Statutes. (ii) it understands that so long as it is not, in the opinion of bond counsel, required by any applicable law, regulation, rating agency standard or rule of an applicable regulatory agency, the Borrower does not intend to make any filing with respect to the Loan with the Electronic Municipal Market Access system of the Municipal Securities Rulemaking Board's continuing disclosure site; (iii) it understands that no CUSIP will be obtained with respect thereto; and (iv) it understands the 2015 Note carries no rating from any credit rating agency. This letter is furnished by us as Lender based solely on our knowledge on the day hereof and is solely for the benefit of the Borrower and Nabors, Giblin & Nickerson, P.A., as bond