1. MIDA bond refinancing-Pioneer House

Registrar is satisfied that the endorsement on the Series 2014 Note or separate instrument of transfer is valid and genuine and that the requested transfer is legally authorized. The Registrar will incur no liability for the refusal, in good faith, to make transfers which it, in its judgment, deems improper or unauthorized. (e) The County and the Registrar may treat the person in whose name the Series 2014 Note is registered in the Note Register as the absolute owner of the Series 2014 Note, whether the Series 2014 Note is overdue or not, for the purpose of receiving payment of, or on account of, the principal of and interest on the Series 2014 Note and for all other purposes, and payment so made to a registered owner or upon the owner's order will be valid and effectual to satisfy and discharge the liability upon such Series 2014 Note to the extent of the sum or sums so paid. (f) Upon a transfer of the Series 2014 Note, the Registrar may impose upon the owner thereof a charge sufficient to reimburse the Registrar for any tax, fee or other governmental charge required to be paid with respect to the transfer or exchange. (g) If the Series 2014 Note is mutilated or is destroyed, stolen or lost, the County will execute and deliver a new Series 2014 Note of like amount and tenor in exchange and substitution for and upon cancellation of the mutilated Series 2014 Note or in lieu of and in substitution for the Series 2014 Note destroyed, stolen or lost, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case of a Series 2014 Note destroyed, stolen or lost, upon filing with the Registrar of evidence satisfactory to it that the Series 2014 Note was destroyed, stolen or lost, and of the ownership thereof, and upon furnishing to the Registrar an appropriate bond or indemnity in form, substance and amount satisfactory to it and as provided by law, in which both the County and the Registrar must be named as obligees. The Series 2014 Note so surrendered to the Registrar will be cancelled by the Registrar and evidence of such cancellation must be given to the County. If the mutilated, destroyed, stolen or lost Series 2014 Note has already matured or been called for redemption in accordance with its terms it is not necessary to issue a new Series 2014 Note prior to payment. (h) If the Series 2014 Note is to be prepaid, notice thereof stating the amount of the prepayment will be given by the Corporation by first class mail (postage prepaid) not more than sixty (60) and not less than ten (10) days prior to the date fixed for the prepayment, to the registered owner of the Series 2014 Note at the address shown on the Note Register and, if required by law, by publishing the notice in the manner required by law. 4