DAYTON CITY SCHOOL DISTRICT

Each Certificate evidences a proportionate interest in Base Rent to be paid by the School District to the Trustee under the Lease. The Base Rent is expected to be paid from the School District’s General Fund. The renewal of the Lease beyond a Lease Term and the School District’s obligations to pay Base Rent and any other amounts payable by the School District under the Lease are subject to and dependent upon annual appropriations by the School District to pay Base Rent and to pay such other obligations. The money and investments held by the Trustee under the Indenture are irrevocably held in trust for the benefit of the Certificate Holders and the School District, as their interests appear, and for the purposes specified in the Indenture. The Base Rent due on each Lease Payment Date equals the amount of the Principal Portion and the Interest Portion evidenced by the Series 2021 Certificates becoming payable on the ensuing payment date. The initial Lease Term will commence as of the Closing Date and will end on June 30, 2022, subject to renewal for subsequent Renewal Period (July 1 to June 30 except the final Renewal Period, which ends December 1, 2036) in accordance with the provisions of the Lease.