February 2018 Board meeting - CWU Sammamish - a

Neither the University nor the Registrar shall have any obligation to participants of any Securities Depository or the persons for whom they act as nominees regarding accuracy of any records maintained by the Securities Depository or its participants. Neither the University nor the Registrar shall be responsible for any notice that is permitted or required to be given to a Registered Owner except such notice as is required to be given by the Registrar to the Securities Depository. Section 6. Form and Execution of Series 2018 Bonds. (a) Form of Series 2018 Bonds; Signatures and Seal. Each Series 2018 Bond shall be prepared in a form consistent with the provisions of the Master Resolution, this Series Resolution, the Bond Sale Resolution, and State law. Each Series 2018 Bond shall be signed in the corporate name of the University by the Chair of the Board and attested by the Secretary of the Board, either or both of whose signatures may be manual or in facsimile, and the seal of the University or a facsimile reproduction thereof shall be impressed or printed thereon. If any officer whose manual or facsimile signature appears on a Series 2018 Bond ceases to be an officer of the University authorized to sign bonds before the Series 2018 Bond bearing his or her manual or facsimile signature is authenticated by the Registrar or issued or delivered by the University, the Series 2018 Bond nevertheless may be authenticated, issued, and delivered and, when authenticated, issued, and delivered, shall be as binding on the University as though that person had continued to be an officer of the University authorized to sign bonds. Any Series 2018 Bond also may be signed on behalf of the University by any person who, on the actual date of signing of the Series 2018 Bond, is an officer of the University authorized to sign bonds, although he or she did not hold the required office on its Issue Date.

52919530.2

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