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3. The Assignee hereby: <br />(a) accepts the assignment of $1,277,471 of the Assignor's Allocation <br />from the State Ceiling described above; <br />(b) agrees to use its best efforts to issue and use the Proposed Bonds <br />for the purpose of financing the Project; and <br />(c) agrees to abide by each of the terms and conditions of this <br />Assignment in connection with the use of such Allocation. <br />4. The Assignor hereby consents to the election by the Assignee, if the <br />Assignee in its discretion so decides, to treat all or any portion of the assignment set forth <br />herein as an allocation for any project with a carryforward purpose. <br />5. This Assignment shall not constitute the debt or indebtedness or financial <br />obligation of the Assignor within the meaning of the constitution or statutes of the State of <br />Colorado, nor give rise to a pecuniary liability or charge against the general credit or taxing <br />power of the Assignor. <br />[The remainder of this page is intentionally left blank] <br />2 <br />