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<br />FORM OF OPINION OF LESSEE.'S COUNSEL <br />(PLEASE FURNISH THIS TEXT ON ATTORNEY'S LETTERl-IEAD) <br /> <br />(Date of Lease Agreement] <br /> <br />I <br /> <br />Wells Fargo Financial Leasing, Ine, <br />400 loCUSI Stree'" Sulla 500 <br />Des Moines, Iowa 50309 <br /> <br />Re: <br /> <br />Eq u i~ment Lease Agreemenl No. <br /> <br />dalad <br /> <br />l.adles and Gentlemen: <br /> <br />As wunsel for _ ("Lessee"), I tLave examll1ed that certain Equ;pmerll Lease Agreement No. _ duly <br />exeC:Ullld by Lessee and daled _ {the "Leas'''), between lessee iilnd Wells Fargo FinanCial LeasIng, Inc.. as <br />leSSor, and lhe proceeC:ings Iakel1 by the goveming body of Lessee to alAlho,ize on behalf 0/ Lessee the execution <br />atld delivery of the Le&ge, Based upon the foregoing ilX3minalion and upon an e~aminatian of such other documenl.S <br />and matter:; of law a9 I have deemed nece5sary Qr appropria1e, I am of the opinion !hat: <br /> <br />.r <br /> <br />1 , Lessee is a public body corpora19 and politic, lluly organized a ~O;I el(isti ng under lhe laws of 1I1e Slate of ~' <br />or has 8 5ubSlantial amount of one of the folklwing sovereign jXIwers: (1iI) the power to tal(, (b) the power of eminent <br />domain, or (c) police power- <br /> <br />2. Lessee h<lS tI1e reQuisite power and auttLonty to lease and aCClulte It'ie EqIJipmenl with aTl option 10 purchase and <br />to ellQwle alld deliver !he Lease and to perfoon i15 Qblig;loon5 llf'lller the Lea5e. <br /> <br />3, The Lease has been duly autl'lorlzed, elCecuted and de~ivered by Lessee lInd the Le:olse oonstib.iter. a legal, valid <br />an{J binding obligation of lessee, enforceable against Lessee in aocordiilnce w;1h Its terms. subject 10 any applicable <br />bankruptcy, Insolvem:y. moratorium or other laws or equilable prlnciple5 affectlng !he emuroemenl of creditors' rlgtLls <br />generally, <br /> <br />4, The authorization, approval, elleC\ltion ami deli....ery of the lease and a" olher ptoceedings of Lessee's gcw!mill(; <br />bOdy relating 10 the trilnsacdons contempla~ll by the Lease have been performed in acoordanca with all open <br />meeting laws. public bitldlng laws and all Ol~er applicable stab! laws and all actions, apptovals, aulhorlzalions and <br />coflsenls necessary to authorize Lessee's execution, deli~ery and perfOfmance 0/ the Le..~ have occurre-d 01" been <br />obtained. <br /> <br />I <br /> <br />5. No litigation or proceedlflg is pending or, to the bes.t of my knowledge, threaleneCl to re$traln or enjoin the <br />e~~ClJlion. deli....ery 01 performar'lCEI by Lessee of !he Lease or in any way to contest lhe validi~ of the lease. to <br />COTllest or q lJestion the t:reatil)r1 or el(istence or Lessee or its goveminy body or the authority or ability of Lessee to <br />eKeDJte or deliver lI1e Lease or to oomply with or perform its obligatiom; lhetllundeL There is no litlga~on pending or, <br />to the best of my knowledge. tt\reatened seeking to restrain or enjoin Lessee from aTlnua'ly appropnaUng sufficient <br />ful\ds to pay the loase pa~enl$ or other amouf'lts contemplated by lI1e Lease. <br /> <br />, . <br />6. The entering Inlo and performanoe of the Lease does nol a.,d will !lOt violate any judgment, order, law or <br />regulation applicable to Le5~e or result in any breach of, or oon5til!,J~ a default under, or result in !he creation of any <br />lian. chaige, 5~CUritv interest Or other encllmblOlnce upon any assets of Less.ee or (In the Equipment (as such lenn Is <br />defined In 1I1e Lease} pUT1!.uant to <lny indentlAre, mortgage, deed of !rust, bank loan or credit agreemeJlt or olher <br />il1s1l'umillnt to willen Lessee is a party or by which It or ils a55ets may ~ bound, <br /> <br />7, The L€lssee's name lXlII1tained In the Lease ~ the Lessee's oorrecr legal flame. <br /> <br />Thi3 opinion m.:lY be relied L1pOO by pu rchasers and assignees or LessOr's I nlerests in lI1e lease. <br /> <br />Re3p,eQtfully supm~ed. <br />jl/~,{/! / /"-", -[, <br />Artomey <br /> <br />! <br /> <br />I <br /> <br />jl156631J..... <br />