Common use of NON-ENDORSEMENT Clause in Contracts

NON-ENDORSEMENT. The Company represents and agrees that it has not made nor will it in the future make any representation that states or implies that the Escrow Agent has endorsed, recommended or guaranteed the purchase, value, or repayment of the Securities offered for sale by the Company. The Company further agrees that it will insert in any prospectus, offering circular, advertisement, subscription agreement or other document made available to prospective purchasers of the Securities the following statement in bold face type: " U.S. Bank National Association is acting only as an escrow agent in connection with the Offering described herein, and has not endorsed, recommended or guaranteed the purchase, value or repayment of such Securities", and will furnish to the Escrow Agent a copy of each such prospectus, offering circular, advertisement, subscription agreement or other document at least 5 business days prior to its distribution to prospective Subscribers. THE UNDERSIGNED ACKNOWLEDGES THAT U.S. BANK NATIONAL ASSOCIATION IS ACTING ONLY AS AN ESCROW AGENT IN CONNECTION WITH THE OFFERING OF THE SECURITIES DESCRIBED HEREIN, AND HAS NOT ENDORSED, RECOMMENDED OR GUARANTEED THE PURCHASE, VALUE OR REPAYMENT OF SUCH SECURITIES.

NON-ENDORSEMENT. The Company represents and agrees that it has not made nor will it in the future make any representation that states or implies that the Escrow Agent has endorsed, recommended or guaranteed the purchase, value, or repayment of the Securities offered for sale by the Company. The Company further agrees that it will insert in any prospectus, offering circular, advertisement, subscription agreement or other document made available to prospective purchasers of the Securities the following statement in bold face type: " U.S. Bank National Association “ is acting only as an escrow agent in connection with the Offering described herein, and has not endorsed, recommended or guaranteed the purchase, value or repayment of such Securities", ,” and will furnish to the Escrow Agent a copy of each such prospectus, offering circular, advertisement, subscription agreement or other document at least 5 business days prior to its distribution to prospective Subscribers. THE UNDERSIGNED ACKNOWLEDGES THAT U.S. BANK NATIONAL ASSOCIATION IS ACTING ONLY AS AN ESCROW AGENT IN CONNECTION WITH THE OFFERING OF THE SECURITIES DESCRIBED HEREINThe undersigned acknowledges that is acting only as an escrow agent in connection with the offering of the Securities described herein, AND HAS NOT ENDORSEDand has not endorsed, RECOMMENDED OR GUARANTEED THE PURCHASErecommended or guaranteed the purchase, VALUE OR REPAYMENT OF SUCH SECURITIESvalue or repayment of such Securities.

NON-ENDORSEMENT. (i) The Company represents and agrees that it has not made nor will it in the future make any representation that states or implies that the Escrow Agent has endorsed, recommended or guaranteed the purchase, value, or repayment of the Securities Units offered for sale by the Company. The Company further agrees that it will insert in the Registration Statement and any prospectus, offering circular, advertisement, circular or subscription agreement or other document made available to prospective purchasers investors of the Securities Units the following statement in bold face type: " U.S. “Iowa State Bank National Association is acting only as an escrow agent Escrow Agent in connection with the Offering described herein, and has not endorsed, recommended or guaranteed the purchase, value or repayment of such Securities", Units,” and will furnish to the Escrow Agent a copy of the Registration Statement and each such prospectus, offering circular, advertisement, circular or subscription agreement or other document at least 5 five (5) business days prior to its distribution to prospective Subscribers. THE UNDERSIGNED ACKNOWLEDGES THAT U.S. BANK NATIONAL ASSOCIATION IS ACTING ONLY AS AN ESCROW AGENT IN CONNECTION WITH THE OFFERING OF THE SECURITIES DESCRIBED HEREINinvestors. (ii) In addition, AND HAS NOT ENDORSEDeach subscription agreement executed and delivered by a prospective investor in the Units shall contain the following acknowledgment: “The undersigned acknowledges that Iowa State Bank is acting only as an escrow agent in connection with the offering of the Units described herein, RECOMMENDED OR GUARANTEED THE PURCHASEand has not endorsed, VALUE OR REPAYMENT OF SUCH SECURITIESrecommended or guaranteed the purchase, value or repayment of such Units.”

NON-ENDORSEMENT. The Company represents and agrees that it has not made nor will it in the future make any representation that states or implies that the Escrow Agent has endorsed, recommended or guaranteed the purchase, value, or repayment of the Securities offered for sale by the Company. The Company further agrees that it will insert in any prospectus, offering circular, advertisement, subscription agreement or other document made available to prospective purchasers of the Securities the following statement in bold face type: " U.S. "Geneva State Bank National Association is acting only as an escrow agent in connection with the Offering described herein, and has not endorsed, recommended or guaranteed the purchase, value or repayment of such Securities", ," and will furnish to the Escrow Agent a copy of each such prospectus, offering circular, advertisement, subscription agreement or other document at least 5 business days prior to its distribution to prospective Subscribers. THE UNDERSIGNED ACKNOWLEDGES THAT U.S. THE GENEVA STATE BANK NATIONAL ASSOCIATION IS ACTING ONLY AS AN ESCROW AGENT IN CONNECTION WITH THE OFFERING OF THE SECURITIES DESCRIBED HEREIN, AND HAS NOT ENDORSED, RECOMMENDED OR GUARANTEED THE PURCHASE, VALUE OR REPAYMENT OF SUCH SECURITIES.

NON-ENDORSEMENT. (i) The Company represents and agrees that it has not made nor will it in the future make any representation that states or implies that the Escrow Agent has endorsed, recommended or guaranteed the purchase, value, or repayment of the Securities Units offered for sale by the Company. The Company further agrees that it will insert in the Registration Statement and any prospectus, offering circular, advertisement, circular or subscription agreement or other document made available to prospective purchasers subscribers of the Securities Units the following statement in bold face type: " U.S. “Iowa State Bank National Association is acting only as an escrow agent Escrow Agent in connection with the Offering described herein, and has not endorsed, recommended or guaranteed the purchase, value or repayment of such Securities", Units,” and will furnish to the Escrow Agent a copy of the Registration Statement (including any post-effective amendment thereto) and each such prospectus, offering circular, advertisement, circular or subscription agreement or other document at least 5 five (5) business days prior to its distribution to prospective Subscribers. THE UNDERSIGNED ACKNOWLEDGES THAT U.S. BANK NATIONAL ASSOCIATION IS ACTING ONLY AS AN ESCROW AGENT IN CONNECTION WITH THE OFFERING OF THE SECURITIES DESCRIBED HEREINsubscribers. (ii) In addition, AND HAS NOT ENDORSEDeach subscription agreement executed and delivered by a prospective subscriber in the Units shall contain the following acknowledgment: “The undersigned acknowledges that Iowa State Bank is acting only as an escrow agent in connection with the offering of the Units described herein, RECOMMENDED OR GUARANTEED THE PURCHASEand has not endorsed, VALUE OR REPAYMENT OF SUCH SECURITIESrecommended or guaranteed the purchase, value or repayment of such Units.”