reconvene regular meeting: 7:00 pm - Irvine Unified School District

RIGHT OF CANCELLATION: The successful bidder shall have the right, at its option, to cancel its
bid proposal, as accepted, if the Participants shall fail to tender the Note Participations for delivery within
sixty (60) days from the date of sale thereof.
STATEMENT OF TRUE INTEREST COST: Each bidder is requested, but not required, to state in its
bid proposal the true interest cost to the Participants of each bid submitted, which shall be considered as
informative only and not binding on either the bidder or the Participants.
CERTIFICATION OF REOFFERING PRICE: Each successful bidder for the Note Participations
shall be required, as a condition to the delivery of the Note Participations, to deliver a certificate in the
form attached as Exhibit A hereto.
CUSIP NUMBERS: It is anticipated that CUSIP numbers will be printed on the Note Participations, but
neither the failure to print such numbers on any Note Participation nor any error with respect thereto shall
constitute cause for a failure or refusal by the purchaser thereof to accept delivery of and pay for the Note
Participations in accordance with the terms of this Official Notice of Sale. All expense of printing CUSIP
numbers on the Note Participations shall be paid by the Participants, but the CUSIP Service Bureau
charge for the assignment of said numbers shall be paid by the purchaser.
NO LITIGATION: There is no litigation pending concerning the validity of the Note Participations or
the Notes, and the Participants will furnish to the successful bidder no-litigation certificates certifying to
the foregoing as of and at the time of the delivery of the Note Participations.
CALIFORNIA DEBT AND INVESTMENT ADVISORY COMMISSION FEE: Bidders are
reminded of California Government Code Section 8856, which provides that the purchaser of said Note
Participations will be charged the California Debt Advisory Commission fee.
RESALE IN OTHER STATES: The successful bidder or bidders will assume responsibility for taking
any action necessary to qualify the Note Participations for offer and sale in jurisdictions other than
California, and for complying with the laws of all jurisdictions on resale of the Note Participations, and
shall indemnify and hold harmless the Participants and their officials and employees from any loss or
damage resulting from any failure to comply with any such law.
OFFICIAL STATEMENT: The Participants have prepared a Preliminary Official Statement relating to
the Note Participations, which for purposes of the Rule, the Participants deem to be final as of its date
(except for certain final pricing, rating and related information, as permitted by the Rule), an electronic
copy of which will be furnished upon request to the Financial Advisor, Tamalpais Advisors, Inc., 3030
Bridgeway, Suite 340, Sausalito, California 94965, Attention: Jean Buckley, telephone (415) 331-4473;
fax (415) 331-4479. Within seven business days after the award of the bid, the successful bidder(s) will
be furnished with up to twenty-five (25) copies of the Final Official Statement per $20,000,000 principal
amount of Note Participations awarded, without charge, for distribution in connection with the resale of
the Note Participations. Additional copies may be obtained at the expense of the successful bidder(s).
Each Participant undertakes that for a period of twenty-five (25) days following the end of the
“underwriting period” (as defined in the Rule) it will (i) apprise the successful bidder(s) of all material
developments, if any, occurring with respect to the Participants after delivery of the Note Participations to
the successful bidder(s) and (ii), if requested by the successful bidder(s), prepare a supplement to the final
Official Statement in respect of any material event. The Participants will presume that, unless notified
otherwise in writing by the bidder(s), the end of the underwriting period will occur on the date of delivery
of the Note Participations.
OHS West:260901013.1
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