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(c) Neither the City of Orono, Minnesota (the "City"), the Orono Housing and <br />Redevelopment Authority (the "HRA") nor its counsel shall be deemed to have made any <br />representations with respect to the Note or the Development Agreement or tax increment <br />financing district referred to therein as of any date, except as expressly provided in the Note <br />or the Development Agreement. <br />(d) The Purchaser has obtained and has read and reviewed such documents, <br />instruments and information related to the issuance of the Note as the Purchaser has <br />requested from the City and the HRA. The Purchaser has also reviewed such other <br />information as requested and has been provided an opportunity to ask questions of, and has <br />received answers from, representatives of the City and the HRA regarding the terms and <br />conditions of the Note. We understand that the Note is payable solely from certain tax <br />increment pledged to the payment thereof and understand that such tax increment may not be <br />sufficient to pay stated principal and interest on the Note and that there may be other risks in <br />such an investment which arc not described therein. <br />(e) The undersigned is a duly appointed, qualified and acting ofllcer or <br />representative of the Purchaser and authorized to make the certifications, representations and <br />warranties contained herein and the purchase of the Note constitutes a lawful investment of <br />the Purchaser <br />(0 The Purchaser acknowledges that the City, the HRA, the members of their <br />respective governing bodies and their olTicers (each individually an "Issuer Party" and <br />collectively the "Issuer Parties") have not undertaken to furnish information to the Purchaser <br />or to ascertain the accuracy or completeness of any information that may have been furnished <br />to the Purchaser by or on l^half of the City, the HRA or the prior holder of the Note relating <br />to the tax increment pledged to payment of the Note and that none of the Issuer Parties have <br />made any representations concerning the accuracy or completeness of any information <br />supplied to the Purchaser or relating to the security for the Note. The Purchaser hereby <br />waives any requirements of due diligence in investigation or inquiry' on the part of any Issuer <br />Parties and all claims, actions, or causes of action which the Purchaser may have directly or <br />indirectly from or relating to any action which the Issuer Parties took or could have taken, in <br />connection with the issuance and sale of the Note to the Purchaser. <br />IN WITNESS WHEREOF, I have hereunder set my hand the __day of <br />Name: <br />Title: