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The City of Memphis, Tennessee (the “City”) HEREBY PROVIDES NOTICE that on September 1, 2020, the City Council of the City (the “City Council”) adopted an Amended and Restated Master Resolution (the “Amended and Restated Master Resolution”) which will, upon its effective date (the “Effective Date”), amend, restate, and replace, in its entirety, the master resolution adopted by the City Council on February 24, 1981, as amended (the “Existing 1981 Master Resolution”) pursuant to which the City’s outstanding Sanitary Sewerage System Revenue and Revenue Refunding Bonds were issued. On the Effective Date, the City intends that the Amended and Restated Master Resolution will (1) incorporate more modern provisions in comparison to the Existing 1981 Master Resolution; (2) clarify or augment guidance on certain matters not included, or not sufficiently detailed, in the Existing 1981 Master Resolution; and (3) more closely align certain provisions of the Existing 1981 Master Resolution with the City’s practices and procedures for managing both the revenues and obligations of its Sanitary Sewerage System. Electronic copies of (1) the Amended and Restated Master Resolution, and summary of the same; and (2) the City’s Bondholder Consent Solicitation Statement, dated March 3, 2021, may be found at the following respective weblinks: https://emma.msrb.org/P21439260-P21117441-P21528585.pdf; https://emma.msrb.org/P21438872-P21117186-P21528310.pdf.

NOTICE IS HEREBY GIVEN that, pursuant to the applicable provisions of the governing documents of the above captioned bonds (the “Bonds”), $9,280,000 principal amount of the Bonds will be redeemed on April 1, 2021, at a Redemption Price of 100.00%, together with interest accrued to April 1, 2021, interest on the Bonds shall cease to accrue.

NOTICE IS HEREBY GIVEN to the holders of all of the above-referenced bonds outstanding (the “Bonds to be Redeemed”), dated and issued December 19, 1990 and bearing interest at a rate of 5.00%, that the Bonds to be Redeemed have been called for optional redemption prior to maturity on March 30, 2021 (the “Redemption Date”), at a redemption price equal to 100% of the principal amount of the Bonds to be Redeemed (the “Redemption Price”), plus accrued interest to the Redemption Date.

NOTICE IS HEREBY GIVEN that, pursuant to the applicable provisions of the governing documents of the above captioned bonds (the “Bonds”), $9,280,000 principal amount of the Bonds will be redeemed on April 1, 2021, at a Redemption Price of 100.00%, together with interest accrued to April 1, 2021, interest on the Bonds shall cease to accrue.

NOTICE IS HEREBY GIVEN to the holders of the outstanding Turnpike Revenue Bonds, Series 2012 B, more fully described in the following chart (collectively, the "Refunded Bonds"), of the New Jersey Turnpike Authority (the "Authority") that, pursuant to Section 1201 of the Authority's Turnpike Revenue Bond Resolution, initially adopted by the Authority on August 20, 1991, as amended and restated on September 26, 1991, and as further amended and restated as of November 22, 1991, as amended and supplemented to the date hereof (collectively, the "Resolution"), there has been irrevocably deposited with The Bank of New York Mellon, as Escrow Agent (the "Escrow Agent"), pursuant to an Escrow Deposit Agreement, dated February 4, 2021, by and between the Authority and the Escrow Agent, moneys and Federal Securities (as defined in the Resolution), the principal of and interest on which, together with the moneys deposited with the Escrow Agent at the same time, shall be sufficient to pay, when due, the interest on and the principal or redemption price of the Refunded Bonds coming due on and prior to their redemption date of January 1, 2023.

NOTICE IS HEREBY GIVEN to the holders of the outstanding Turnpike Revenue Bonds, Series 2014 C, maturing on January 1, 2022 in the aggregate principal amount of $21,840,000 and bearing interest at 5.00%, CUSIP 6461395M3* (the "Refunded Bonds"), of the New Jersey Turnpike Authority (the "Authority") that, pursuant to Section 1201 of the Authority's Turnpike Revenue Bond Resolution, initially adopted by the Authority on August 20, 1991, as amended and restated on September 26, 1991, and as further amended and restated as of November 22, 1991, as amended and supplemented to the date hereof (collectively, the "Resolution"), there has been irrevocably deposited with The Bank of New York Mellon, as Escrow Agent (the "Escrow Agent"), pursuant to an Escrow Deposit Agreement, dated February 4, 2021, by and between the Authority and the Escrow Agent, moneys and Federal Securities (as defined in the Resolution), the principal of and interest on which, together with the moneys deposited with the Escrow Agent at the same time, shall be sufficient to pay, when due, the interest on and the principal of the Refunded Bonds coming due on their maturity date of January 1, 2022.

NOTICE IS HEREBY GIVEN to the holders of the outstanding Turnpike Revenue Bonds, Series 2013 F, more fully described in the following chart (collectively, the "Refunded Bonds"), of the New Jersey Turnpike Authority (the "Authority") that, pursuant to Section 1201 of the Authority's Turnpike Revenue Bond Resolution, initially adopted by the Authority on August 20, 1991, as amended and restated on September 26, 1991, and as further amended and restated as of November 22, 1991, as amended and supplemented to the date hereof (collectively, the "Resolution"), there has been irrevocably deposited with The Bank of New York Mellon, as Escrow Agent (the "Escrow Agent"), pursuant to an Escrow Deposit Agreement, dated February 4, 2021, by and between the Authority and the Escrow Agent, moneys and Federal Securities (as defined in the Resolution), the principal of and interest on which, together with the moneys deposited with the Escrow Agent at the same time, shall be sufficient to pay, when due, the interest on and the principal or redemption price of the Refunded Bonds coming due on and prior to their redemption date of January 1, 2023.

On January 28, 2021, the State of South Carolina (the “State”) delivered its (i) $15,175,000 General Obligation State Institution Bonds (Issued on Behalf of Midlands Technical College), Series 2021B (the “2021B Bonds”), (ii) $11,840,000 General Obligation State Institution Refunding Bonds (Issued on Behalf of the University of South Carolina), Series 2021C (the “2021C Bonds”), and (iii) $23,415,000 General Obligation State Institution Bonds (Issued on Behalf of The Medical University of South Carolina), Series 2021D (the “2021D Bonds”). A portion of the proceeds of the 2021B Bonds has been applied (i) to effect the defeasance of the State’s General Obligation State Institution Bonds (Issued on Behalf of Midlands Technical College), Series 2011C, maturing March 1, 2022 through March 1, 2031, inclusive, and (ii) to pay the costs of issuance of the 2021B Bonds. The proceeds of the 2021C Bonds has been applied (i) to effect the defeasance of the State’s General Obligation State Institution Bonds (Issued on Behalf of the University of South Carolina), Series 2011E, maturing March 1, 2022 through March 1, 2031, inclusive, and (ii) to pay the costs of issuance of the 2021C Bonds. A portion of the proceeds of the 2021D Bonds has been applied (i) to effect the defeasance of the State’s General Obligation State Institution Bonds (Issued on Behalf of The Medical University of South Carolina), Series 2011D, maturing March 1, 2022 through March 1, 2031, inclusive, and (ii) to pay the costs of issuance of the 2021D Bonds. This notice is given in accordance with Section 11-21-50 of the Code of Laws of South Carolina 1976, as amended. Please see the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access (EMMA) system located on the internet at www.emma.msrb.org for more information.

NOTICE IS HEREBY GIVEN to the holders of the outstanding Turnpike Revenue Bonds, Series 2013 A, more fully described in the following chart (collectively, the "Refunded Bonds"), of the New Jersey Turnpike Authority (the "Authority") that, pursuant to Section 1201 of the Authority's Turnpike Revenue Bond Resolution, initially adopted by the Authority on August 20, 1991, as amended and restated on September 26, 1991, and as further amended and restated as of November 22, 1991, as amended and supplemented to the date hereof (collectively, the "Resolution"), there has been irrevocably deposited with The Bank of New York Mellon, as Escrow Agent (the "Escrow Agent"), pursuant to an Escrow Deposit Agreement, dated February 4, 2021, by and between the Authority and the Escrow Agent, moneys and Federal Securities (as defined in the Resolution), the principal of and interest on which, together with the moneys deposited with the Escrow Agent at the same time, shall be sufficient to pay, when due, the interest on and the principal or redemption price of the Refunded Bonds coming due on and prior to their redemption date of July 1, 2022.

NOTICE IS HEREBY GIVEN to the holders of the outstanding Turnpike Revenue Bonds, Series 2014 A, maturing on January 1, 2031 in the aggregate principal amount of $111,000,000 and bearing interest at 5.00%, CUSIP 6461395A9* (the "Refunded Bonds"), of the New Jersey Turnpike Authority (the "Authority") that, pursuant to Section 1201 of the Authority's Turnpike Revenue Bond Resolution, initially adopted by the Authority on August 20, 1991, as amended and restated on September 26, 1991, and as further amended and restated as of November 22, 1991, as amended and supplemented to the date hereof (collectively, the "Resolution"), there has been irrevocably deposited with The Bank of New York Mellon, as Escrow Agent (the "Escrow Agent"), pursuant to an Escrow Deposit Agreement, dated February 4, 2021, by and between the Authority and the Escrow Agent, moneys and Federal Securities (as defined in the Resolution), the principal of and interest on which, together with the moneys deposited with the Escrow Agent at the same time, shall be sufficient to pay, when due, the interest on and the redemption price of the Refunded Bonds coming due on and prior to their redemption date of July 1, 2024.