‘NATIONAL UNDERGROUND RAILROAD FREEDOM CENTER, INC.
312 Elm Steet
Suite 1250
Cincinnati, Ohio 45202
April 15, 2003
‘Ohio Arts & Sports Facilities Commission
20 East Broad Street, Suite 200
Columbus, Ohio 43215-3416
Attention: Kathleen M. Fox, Executive Director
Re: Arts Facility Construction Administration and Funding Agreement and Base
aa eee
Dear Kathy:
‘The purpose of this letter isto clarify a point in each of the Arts Facility Construction
‘Adainistation and Funding Agreement ("CAF Agreement”) and the Base Lease (“Base Lease”)
between the Ohio Arts and Sports Facilities Commission (“OASFC”) and the National
Underground Railroad Freedom Center, Inc, (‘Freedom Center"), Carol Zelizer suggested to
Stove Griffith that we clarify these points in a Jeter such as this,
In Article II, Section 1 of the CAF Agreement, the Freedom Center lists the various items
that currently encumber the interest of the Freedom Center in the Arts Project and agrees that no
other matters will encumber the Arts Project. As you know, a mortgage (the “Mortgage”) in
favor of Bank One, N.A., on behalf of itself and as Agent for the other LOC Banks (“Bank
One”), will encumber the Arts Project. OASFC has agreed that such Mortgage may encumber
the Arts Project provided that Bank One subordinates the lien of such Mortgage to the Base
‘Lease in a Subordination Agreement acceptable to OASFC.
Atticle V, Section 4 of the Base Lease probibits the granting of a mortgage eucumbering,
the Arts Project without OASFC’s consent. We understand that OASFC has consented to the
‘Mortgage encumbering the Arts Project provided that Bank One executes the Subordination
Agreement acceptable to OASEC.
If the foregoing accurately reflects the understanding of the OASFC, kindly sign a
duplicate counterpart of this leter in the space provided below and return it to me.
00/2008) TIVNNIONID EWS sozotece& —v0:9T o/s /¥0Ohio Arts & Sports Facilities Commission
April 15, 2003
Page2
‘Thank you for your attention to this matter,
‘The Ohio Arts and Sports Facilities Commission confirms that its understanding is as set
forth in the foregoing letter.
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