Page 84 - Burleson FY22 City Budget

ATTACHMENT E - SECURITIES LAW COMPLIANCE AND DISCLOSURE POLICY©

iv. A written or verbal waiver of an agreement provision that is a departure from what was agreed to under the original terms
of such agreement; and

v. Other events under the terms of a Financial Obligation that reflect financial difficulties of the Issuer and share similar
characteristics with the specific types of events in Event 16.

(d) Form of Event 16 Event Notice. Upon review of the factors outlined above, if the Disclosure Officer affirmatively
determines that, in connection with the terms of a Financial Obligation of the Issuer, the Issuer is experiencing
financial difficulties pursuant to Event 16, the Disclosure Officer shall file or cause to be filed with the MSRB through
EMMA an Event 16 notice filing within ten (10) Business Days of the date of such determination containing a
description of the relevant terms of the Financial Obligation. Terms considered relevant to an Event 16 notice filing
may include, but are not limited to:

i. The provisions within the Financial Obligation giving rise to the occurrence under Event 16;

ii. The nexus between the terms of such Financial Obligation giving rise to the occurrence under Event 16 and
the existing or potentially forthcoming financial difficulties resulting therefrom;

iii. A description of the Issuer's current financial status; and

iv. Other appropriate facts deemed material by the Disclosure Officer, the inclusion of which would help further
the availability of information to assist investors in making more informed investment decisions in connection
with the occurrence of events relating to a Financial Obligation that reflect financial difficulties.
ARTICLE VI
MISCELLANEOUS

SECTION 6.01 ANNUAL REVIEW.

The Disclosure Officer shall conduct an evaluation of the policies set forth in this Policy no less often than annually, and promptly
after completing the evaluation the Disclosure Officer shall prepare an annual report of the Issuer's compliance.
SECTION 6.02 AMENDMENTS TO POLICY.
This Policy may be amended from time to time to adapt to changed circumstances that arise from a change in legal requirements
or industry disclosure practices or procedures, a change in Rule 15c2-12, or a change in law.

77