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STJS Holdings, LLC <br />1387 Mathews Avenue <br />Lakewood, Ohio 44107 <br />Attention: Alexis Oster or Sean Nugent <br />Article III - Representations and Warranties <br />Borrower represents and warrants to the City as of the Execution Date and throughout the term of <br />this Agreement each of the requirements set forth in Section 3.01 to Section 3.11. <br />Section 3.01 Organization <br />Borrower is an Ohio Corporation, duly organized, validly `eing : , and in good standing under the <br />laws of Ohio and has power to carry on its business as it is,,.presently being conducted, to enter into and <br />observe the provisions of the Loan Documents and to borrow':: ereun <br />Section 3.02 Authorization <br />� reement, ifiOdding the execution and <br />company: action and will not <br />ermination or award presently in effect <br />Is articles of incorporation or bylaws or <br />wk loan credit agreement, or any other <br />it or its property may be bound or <br />Section 3.03 Enfo <br />Section 3.05 Governmental Consents <br />No authorization, consent, or approval, or any formal exception of any governmental body, <br />regulatory authorities (federal, state, or local) or mortgagor, creditor, or third party is or was necessary to <br />the valid execution and delivery by Borrower of the Loan Documents. <br />Section 3.06 Absence of Default <br />Borrower is not in default of any obligation, covenant, or condition contained in any bond, <br />debenture, note, or other evidence of indebtedness or any mortgage or collateral instrument securing the <br />same. <br />Page 5 of 30 <br />