Document:

EX-10.2

__________________

LEASE AGREEMENT

Dated as of June 1, 2017

__________________

Between

SHAWNEE COUNTY, KANSAS

And

FEDERAL HOME LOAN BANK OF TOPEKA

__________________

$36,000,000

Taxable Industrial Revenue Bonds

(Federal Home Loan Bank of Topeka Project)

Series 2017

__________________

Certain rights, title and interest of the Shawnee County, Kansas in this Lease Agreement have
been pledged and assigned to BOKF, N.A., Kansas City, Missouri, as Bond Trustee under a Bond Trust
Indenture dated as of June 1, 2017, between the Issuer and the Bond Trustee.

LEASE AGREEMENT

TABLE OF CONTENTS

Page

	 	 	 	 	 
	Parties
	 	 	1	 
	Recitals
	 	 	1	 

ARTICLE I

DEFINITIONS AND RULES OF CONSTRUCTION

	 	 	 
	Section 1.1.

Section 1.2.

	 	Definitions of Words and Terms

Rules of Construction

ARTICLE II

REPRESENTATIONS

	 	 	 
	Section 2.1.

Section 2.2.

Section 2.3.

	 	Representations by the Issuer

Representations by the FHLBank

Survival of Representations

ARTICLE III

GRANT OF LEASEHOLD; COMPLETION OF PROJECT

	 	 	 
	Section 3.1.

Section 3.2.

Section 3.3.

Section 3.4.

Section 3.5.

Section 3.6.

	 	Granting of Leasehold Estate

Lease Term

Use of Proceeds

Possession and Use of the Project

Sublease by the FHLBank

Subordination to Lender

ARTICLE IV

PAYMENT PROVISIONS

	 	 	 
	Section 4.1.

Section 4.2.

Section 4.3.

Section 4.4.

Section 4.5.

Section 4.6.

	 	Lease Payments

Credits on Lease Payments

Additional Payments

Prepayment of Lease Payments

Obligations Absolute and Unconditional

Assignment of Issuer’s Rights

ARTICLE V

TAXES AND UTILITIES

	 	 	 
	Section 5.1.

Section 5.2.

Section 5.3.

Section 5.4.

Section 6.6.

	 	Taxes, Assessments and Other Governmental Charges.

Utilities

Ad Valorem Taxes.

Payment in Lieu of Taxes

Kansas Retailers’ Sales Tax.

[RESERVED]

ARTICLE VI

GENERAL COVENANTS AND PROVISIONS

	 	 	 
	Section 6.1.

Section 6.2.

Section 6.3.

Section 6.4.

Section 6.5.

Section 6.6.

Section 6.7.

Section 6.8.

Section 6.9.

Section 6.10.

Section 6.11.

Section 6.12.

	 	Corporate Existence

Maintenance and Use of Property

Compliance With Laws and Regulations

Payment of Taxes and Other Charges

Licenses and Permits

Insurance

Indemnity

Assignment by the FHLBank

Damage, Destruction and Condemnation

Financial Statements and Other Information

Access to the Project and Inspection; Operation of the Project

Depreciation and Investment Tax Credit

ARTICLE VII

DEFAULT AND REMEDIES

	 	 	 
	Section 7.1.

Section 7.2.

Section 7.3.

Section 7.4.

Section 7.5.

Section 7.6.

Section 7.7.

Section 7.8.

	 	Events of Default

Acceleration of Maturity; Rescission and Annulment

Exercise of Remedies by the Bond Trustee

Application of Moneys Collected

Rights and Remedies Cumulative

Delay or Omission Not Waiver

Waiver of Past Defaults

Advances by Bond Trustee

ARTICLE VIII

SUPPLEMENTAL LEASE AGREEMENTS

	 	 	 
	Section 8.1.

Section 8.2.

Section 8.3.

Section 8.4.

Section 8.5.

	 	Supplemental Lease Agreements without Consent of Bondowners

Supplemental Lease Agreements with Consent of Bondowners

Execution of Supplemental Lease Agreements

Effect of Supplemental Lease Agreements

Reference in Bonds to Supplemental Lease Agreements

ARTICLE IX

OPTION TO TERMINATE

	 	 	 	 	 	 	 	 	 
	Section 9.1.
	 	Option to Terminate	 	 	 	 
	Section 9.2.
	 	Termination of Base Lease	 	 	19	 

ARTICLE X

MISCELLANEOUS PROVISIONS

	 	 	 
	Section 10.1.

Section 10.2.

Section 10.3.

Section 10.4.

Section 10.5.

Section 10.6.

Section 10.7.

Section 10.8.

Section 10.9.

Section 10.10.

Section 10.11.

Section 10.12.

	 	Covenants under Transaction Documents

Further Assurances

Payments Due on Saturdays, Sundays and Holidays

Notices

Immunity of Officers, Employees and Commissioners of the Issuer and FHLBank

Limitation on Issuer Obligations

No Violations of Law

Benefit of Lease Agreement

Severability

Counterparts

Electronic Storage

Governing Law

Section 10.13 Termination of Lease Agreement in accordance with Base Lease...........................22

Signatures S-1

Schedule 1 — Project Description

LEASE AGREEMENT

THIS LEASE AGREEMENT (the “Lease Agreement”), dated as of June 1, 2017, between the SHAWNEE
COUNTY, KANSAS, a body corporate and politic organized and existing under the laws of the State of
Kansas (the “Issuer”), and the FEDERAL HOME LOAN BANK OF TOPEKA, a federally chartered corporation
existing under the laws of the United States of America (12 U.S.C. §§1421 et seq.)(the “FHLBank”);

RECITALS

1. The Issuer is authorized by K.S.A.§§ 12-1740 to 12-1749d, inclusive, as amended (the
“Act”), to acquire, construct and equip certain facilities (as defined in the Act) for commercial,
industrial and manufacturing purposes, to enter into leases and lease-purchase agreements with any
person, firm, or corporation with respect to said facilities, to issue revenue bonds for such
purposes, and to secure the payment of such bonds as provided in the Act.

2. The Issuer is authorized pursuant to the Act and a Resolution duly passed by the governing
body of the Issuer to issue approximately $36,000,000 principal amount of Taxable Industrial
Revenue Bonds (Federal Home Loan Bank of Topeka Project), Series 2017 (the “Bonds”), under the
hereinafter described Bond Indenture for the purpose of providing funds to (a) acquire, construct
and equip a commercial facility to be located in the Menninger Subdivision in Topeka, Kansas
(collectively, the “Project”) and (b) pay certain costs related to the issuance of the Bonds.

3. The Issuer desires to lease the Project to FHLBank and FHLBank desires to lease the Project
from the Issuer for the rentals and upon the terms and conditions hereinafter set forth.

NOW, THEREFORE, in consideration of the premises and the mutual representations, covenants and
agreements set forth in this Lease Agreement, the Issuer and FHLBank covenant and agree as follows:

ARTICLE I

DEFINITIONS AND

RULES OF CONSTRUCTION

Section 1.1. Definitions of Words and Terms. For all purposes of this Lease Agreement, except
as otherwise provided or unless the context otherwise requires, words and terms used in this Lease
Agreement have the same meanings as set forth in Section 101 of the Bond Indenture.

Section 1.2. Rules of Construction. For all purposes of this Lease Agreement, except as
otherwise provided or unless the context otherwise requires, the following rules of construction
apply in construing the provisions of this Lease Agreement:

(a) The defined terms referred to in this Article include the plural as well as the singular.

(b) All accounting terms not otherwise defined herein or in the Bond Indenture shall have the
meanings assigned to them, and all computations herein provided for shall be made, in accordance
with generally accepted accounting principles to the extent applicable.

(c) All references herein to “generally accepted accounting principles” refer to such
principles in effect on the date of the determination, certification, computation or other action
to be taken hereunder using or involving such terms; provided, as applied to any entity that
operates a hospital, extended care facility or other discrete enterprise of a type with respect to
which particular accounting principles from time to time shall have been generally adapted or
modified, the term “generally accepted accounting principles” shall include the adaptations or
modifications.

(d) The words “herein,” “hereof” and “hereunder” and other words of similar import refer to
this Lease Agreement as a whole and not to any particular Article, Section or other subdivision.

(e) The Article and section headings herein and in the Table of Contents are for convenience
only and shall not affect the construction hereof.

(f) Whenever an item or items are listed after the word “including,” such listing is not
intended to be a listing that excludes items not listed.

ARTICLE II

REPRESENTATIONS

Section 2.1. Representations by the Issuer. The Issuer represents and warrants to FHLBank and
the Bond Trustee as follows:

(a) Organization and Issuer. The Issuer (1) is a body corporate and politic duly organized
and existing under the laws of the State of Kansas, and (2) has lawful power to issue the Bonds
for the purposes set forth in the Bond Indenture, to enter into, execute and deliver this Lease
Agreement, the Bond Indenture, the other Transaction Documents, and such other documents,
certificates and instruments required to be executed and delivered by the Issuer in connection with
the issuance of the Bonds and to carry out its obligations hereunder and thereunder, and (3) by all
necessary corporate action has been duly authorized to execute and deliver this Lease Agreement,
the Bond Indenture, the other Transaction Documents, and such other documents, certificates and
instruments required to be executed and delivered by it in connection with the issuance of the
Bonds, acting by and through its duly authorized officers.

(b) No Defaults or Violations of Law. The execution and delivery of this Lease Agreement, the
Bond Indenture, the other Transaction Documents, and such other documents, certificates and
instruments by the Issuer will not result in a breach of any of the terms of, or constitute a
default under, any indenture, mortgage, deed of trust, lease or other agreement or instrument to
which the Issuer is a party or by which it or any of its property is bound or, to the best of its
knowledge, any of the constitutional or statutory rules or regulations applicable to the Issuer or
its property.

Section 2.2. Representations by FHLBank. FHLBank represents and warrants to the Issuer and
the Bond Trustee as follows:

(a) Organization. FHLBank (1) is a federally chartered corporation duly organized and validly
existing under the laws of the United States of America and is duly authorized to conduct business
in the State of Kansas and (2) has lawful power and authority to enter into, execute and deliver
this Lease Agreement and any other Transaction Documents required to be executed and delivered by
it in connection with the issuance of the Bonds and to carry out its obligations hereunder and
thereunder, and by all necessary corporate action has been duly authorized to execute and deliver
this Lease Agreement and other required Transaction Documents, acting by and through its duly
authorized officers.

(b) No Defaults or Violations of Law. The execution and delivery of this Lease Agreement and
other Transaction Documents by FHLBank will not conflict with or result in a breach of any of the
terms of, or constitute a default under, any indenture, mortgage, deed of trust, lease or other
agreement or instrument to which FHLBank is a party or by which it or any of its property is bound
or its articles of organization, operating agreement, or to the best of its knowledge, any of the
rules or regulations applicable to FHLBank or its property.

(c) Licenses, Permits and Approvals. FHLBank is duly authorized and has, or will obtain, all
necessary licenses and permits to occupy and operate its facilities under the laws, rulings,
regulations and ordinances of the State of Kansas and the departments, agencies and political
subdivisions thereof, and FHLBank has obtained, or will obtain, all requisite approvals of federal,
state, regional and local governmental bodies relating to the acquisition, construction, equipping
and operation of its facilities. To the best of its knowledge, FHLBank’s facilities are in all
material respects in compliance with all applicable federal, state and local zoning, subdivision,
environmental, pollution control and other laws, rules, regulations, codes and ordinances.

(d) Pending Litigation. No litigation, proceedings or investigations are pending or, to the
knowledge of FHLBank, threatened against FHLBank, except litigation involving claims, the probable
recoveries in which and the estimated costs and expenses of defense of which, based upon the advice
of litigation counsel to FHLBank, will (1) be entirely within FHLBank’s applicable insurance policy
limits (subject to applicable deductibles) or are not in excess of the total of the available
reserves held under FHLBank’s applicable self-insurance program, or (2) if adversely determined
will not materially and adversely affect the financial condition or operations of FHLBank. In
addition, no litigation, proceedings or investigations are pending or, to the knowledge of FHLBank,
threatened against FHLBank seeking to restrain, enjoin or in any way limit the approval or issuance
and delivery of the Bond Indenture, the Bonds, this Lease Agreement or any other required
Transaction Documents by the Issuer, or this Lease Agreement or any other required Transaction
Documents by FHLBank, or which would in any manner challenge or adversely affect the corporate
existence or powers of FHLBank to enter into and carry out the transactions described in or
contemplated by or the execution, delivery, validity or performance by FHLBank of the terms and
provisions of this Lease Agreement or any other Transaction Documents to which it is a party.

(e) Project. The Project is located wholly within the corporate limits of the City of Topeka,
Kansas and will comply with all presently applicable building and zoning, health, environmental and
safety ordinances and laws, and to the best of its knowledge, without independent investigation,
the Project will comply with all other applicable laws, rules and regulations.

Section 2.3. Survival of Representations. All representations of the Issuer and FHLBank
contained in this Lease Agreement or in any certificate or other instrument delivered by the Issuer
and FHLBank pursuant to this Lease Agreement, the Bond Indenture, or any other Transaction
Document, or in connection with the transactions contemplated thereby, shall survive the execution
and delivery thereof and the issuance, sale and delivery of the Bonds, as representations of facts
existing as of the date of execution and delivery of the instruments containing such
representations.

ARTICLE III

GRANT OF LEASEHOLD;

COMPLETION OF PROJECT

Section 3.1. Granting of Leasehold Estate. Concurrently with the issuance of the Bonds,
FHLBank has leased the Project to the Issuer pursuant to the Base Lease. The Issuer hereby rents,
subleases, and lets the Project to FHLBank, and FHLBank hereby rents, subleases, and hires the
Project from the Issuer, for the rentals and upon and subject to the terms and conditions herein
contained. The Project consists of the real and personal property described in Schedule 1 of this
Lease Agreement.

Section 3.2. Lease Term. This Lease Agreement shall become effective upon its delivery, and
subject to sooner termination pursuant to the provisions of this Lease Agreement, shall have an
initial term commencing as of the date of this Lease Agreement and terminating on December 31,
2027.

Section 3.3. Use of Proceeds. The proceeds of the Bonds shall be deposited with the Bond
Trustee and shall be administered, disbursed and applied for the purposes and in the manner as
provided in the Bond Indenture and this Lease Agreement.

FHLBank agrees to comply with all of the provisions set forth in the Bond Indenture applicable
to it and to perform all obligations of FHLBank set out in the Bond Indenture.

Section 3.4. Possession and Use of the Project.

(a) The Issuer covenants and agrees that, as long as no Event of Default under this Lease
Agreement shall have occurred, FHLBank shall have sole and exclusive possession of the Project
(subject to the Issuer’s right of access pursuant to Section 6.11 hereof) and shall and may
peaceably and quietly have, hold, and enjoy the Project during the term of this Lease Agreement.
The Issuer covenants and agrees that it will not take any action, other than pursuant to Article
VII of this Lease Agreement, to prevent FHLBank from having quiet and peaceable possession and
enjoyment of the Project during the term of this Lease Agreement and will, at the request and
expense of FHLBank, defend FHLBank’s enjoyment and possession thereof against all parties.

(b) Subject to the provisions of this Lease Agreement, FHLBank shall have the right to use the
Project for any lawful purpose allowed by law and contemplated by the Act. FHLBank shall comply
with all statutes, laws, ordinances, orders, judgments, decrees, regulations, directions, and
requirements of all federal, state, local, and other governments or governmental authorities, now
or hereafter applicable to the Project or to any adjoining public ways, as to the manner of use or
the condition of the Project or of adjoining public ways. FHLBank shall also comply with the
mandatory requirements, rules, and regulations of all insurers under the policies required to be
carried under the provisions of Article VI hereof. FHLBank shall pay all costs, expenses, claims,
fines, penalties, and damages that may in any manner arise out of, or be imposed as a result of,
the failure of FHLBank to comply with the provisions of this Section. Notwithstanding any
provision contained in this Section, however, FHLBank shall have the right, with prior written
notice to the Issuer, at its own cost and expense, to contest or review, by legal or other
appropriate procedures, the validity or legality of any such governmental statute, law, ordinance,
order, judgment, decree, regulation, direction, or requirement, or any such requirement, rule, or
regulation of an insurer, and during such contest or review FHLBank may refrain from complying
therewith.

Section 3.5. Sublease by FHLBank.  FHLBank may rent and sublease all or portions of the
Project for use by others in the normal course of its business.  Any such subleases entered into
after the effective date of this Lease Agreement shall be subject and subordinate in all respects
to the provisions of this Lease Agreement.  Nothing in this Lease Agreement shall allow the Issuer,
its successor or assigns, to disturb the rights of a sublessee to use the Project under the terms
and conditions as set forth in such sublessee’s sublease with FHLBank.

Section 3.6. Subordination to Lender.  The Issuer acknowledges that FHLBank may grant a
mortgage (each, a “Mortgage”) on the Project to a lender (each, a “Mortgagee”) during the term of
this Lease Agreement.  The Issuer agrees that in such case this Lease Agreement would be subject to
and subordinate to any such Mortgage and that the Mortgagee shall not be required to grant any
rights of nondisturbance with respect to this Lease Agreement.  Upon the request of FHLBank, the
Issuer shall provide any additional documentation evidencing such subordination as required by the
Mortgagee.

ARTICLE IV

PAYMENT PROVISIONS

Section 4.1. Lease Payments. FHLBank shall make the following payments as rentals under this
Lease Agreement (“Lease Payments”) and to provide for payment of the interest on and principal of,
and redemption premium, if any, on the Bonds, directly to the Bond Trustee, for the account of the
Issuer, for deposit of immediately available monies in the Debt Service Fund, on the following
dates, and otherwise as set out below:

(a) Debt Service Fund—Interest: On or before 11:00 a.m. Topeka, Kansas time on each Interest
Payment Date on the Bonds, an amount which is not less than the interest to become due on that
Interest Payment Date; provided, however that FHLBank may be entitled to certain credits on such
payments as permitted under Section 4.2 of this Lease Agreement.

(b) Debt Service Fund—Principal: On or before 11:00 a.m. Topeka, Kansas time on each
principal payment date on the Bonds, an amount which is not less than the next installment of
principal due on the Bonds on the next principal payment date by maturity; provided, however, that
FHLBank may be entitled to certain credits on such payments as permitted under Section 4.2 of this
Lease Agreement.

(c) Debt Service Fund—Redemption: On or before the Business Day required by this Lease
Agreement or the Bond Indenture, the amount required to redeem Bonds then Outstanding if FHLBank
exercises its right to redeem Bonds under any provision of the Bond Indenture or if any Bonds are
required to be redeemed under any provision of the Bond Indenture.

Notwithstanding any schedule of payments set forth in this Lease Agreement, FHLBank shall make
payments and shall be liable therefore at the times and in the amounts (including interest,
principal, and redemption premium, if any) equal to the amounts to be paid as interest, principal
and redemption premium, if any, whether at maturity or by optional or mandatory redemption upon all
Bonds from time to time Outstanding under the Bond Indenture.

Unpaid Lease Payments shall bear interest at the applicable rate of interest on the Bonds.
Any interest charged and collected on an unpaid Lease Payment shall be deposited to the credit of
the Debt Service Fund and applied to pay interest on overdue amounts in accordance with the Bond
Indenture.

Section 4.2. Credits on Lease Payments. Notwithstanding any provision contained in this Lease
Agreement or in the Bond Indenture to the contrary, in addition to any credits resulting from the
payment or prepayment of Lease Payments from other sources:

(a) any moneys deposited by the Bond Trustee or FHLBank in the Debt Service Fund as interest
(including moneys received as accrued interest from the sale of the Bonds and any initial deposit
made from the proceeds of the sale of the Bonds) shall be credited against the obligation of
FHLBank to pay Lease Payments corresponding to interest on the Bonds as the same becomes due;

(b) any moneys deposited by the Bond Trustee or FHLBank in the Debt Service Fund as principal
shall be credited against the obligation of FHLBank to pay Lease Payments corresponding to
principal of the Bonds as the same becomes due in the order of maturity thereof, except that
prepayments for purposes of making an optional deposit into the Debt Service Fund for the
redemption of Bonds shall be applied to the maturities of the Bonds to be redeemed or purchased,
delivered and canceled from the proceeds of such optional deposit;

(c) the principal amount of Bonds and maturity purchased by FHLBank and delivered to the Bond
Trustee, or purchased by the Bond Trustee and canceled, shall be credited against the obligation of
FHLBank to pay Lease Payments corresponding to principal of such Bonds so purchased; provided,
however, that deposit of a Bond of one maturity may not be credited against a payment which would
be used, in the normal course, to retire a Bond of another maturity; and

(d) the investment income accruing to the Debt Service Fund and the amount of any moneys
transferred by the Bond Trustee from any other fund held under the Bond Indenture and deposited in
the Debt Service Fund as interest or principal shall be credited against the obligation of FHLBank
to pay interest or principal, as the case may be, as the same become due.

Section 4.3. Additional Payments. FHLBank shall make the following additional payments to the
following Persons:

(a) Issuer Fees. FHLBank shall pay to the Issuer upon demand, its reasonable expenses,
including attorneys’ fees, incurred by the Issuer in relation to the Bonds and the transactions
contemplated by this Lease Agreement, the Bond Indenture and any of the Transaction Documents.

(b) Bond Trustee Fees and Professional Fees. FHLBank shall pay to the Bond Trustee and any
Paying Agent, registrars, counsel, accountants, engineers and other Persons when due, all
reasonable fees, charges and expenses of such Persons for services rendered under the Bond
Indenture and under any of the Transaction Documents and expenses incurred in the performance of
such services under the Bond Indenture and any of the Transaction Documents for which such Persons
are entitled to payment or reimbursement.

(c) Advances By Bond Trustee. FHLBank shall pay to the Bond Trustee, the amount of all
advances of funds made by the Bond Trustee under the provisions of this Lease Agreement or the Bond
Indenture, with interest thereon at the prime rate plus 2% announced from time to time by the Bond
Trustee.

(d) Costs of Enforcement. In the event FHLBank defaults under any of the provisions of this
Lease Agreement, the Bond Indenture or any other Transaction Document, and the Bond Trustee employs
attorneys or incurs other fees, charges and expenses for the collection of required payments or the
enforcement of performance or observance of any obligation or agreement on the part of FHLBank
contained in this Lease Agreement, FHLBank on demand therefor shall pay to the Bond Trustee the
reasonable fees of such attorneys and such other fees, charges and expenses so incurred by the Bond
Trustee. FHLBank also shall pay, and shall indemnify the Issuer and the Bond Trustee from and
against, all costs, claims, liabilities, losses, expenses and charges, including reasonable counsel
fees, incurred for the collection of payments due or for the enforcement or performance or
observance of any covenant or agreement of FHLBank under this Lease Agreement, the Bond Indenture
or any other Transaction Document.

(e) Taxes and Assessments. FHLBank also covenants and agrees, at its expense, to pay all
taxes and assessments of any type or character charged to the Issuer or to the Bond Trustee
affecting the amount available to the Issuer or the Bond Trustee from payments to be received
hereunder or in any way arising due to the transactions contemplated hereby (including property and
other taxes and assessments assessed or levied by any public agency or governmental Issuer of
whatsoever character having power to levy taxes or assessments) but excluding any taxes based upon
the capital and/or income of the Bond Trustee or any other Person other than FHLBank; provided,
however, that FHLBank shall have the right to protest any such taxes or assessments and to require
the Issuer or the Bond Trustee, as the case may be, at FHLBank’s expense, to protest and contest
any such taxes or assessments assessed or levied upon them and that FHLBank shall, upon receipt of
the Issuer’s written consent, have the right to withhold payment of any such taxes or assessments
pending disposition of any such protest or contest unless such withholding, protest, or contest
would materially adversely affect the rights or interests of the Issuer or the Bond Trustee.

(f) Payment of Expenses. FHLBank shall promptly pay to the Issuer: (i) all expenses
reasonably incurred by the Issuer hereunder and in connection with the performance of its
obligations under this Lease Agreement, the Base Lease, the Indenture or any other Transaction
Document, and (ii) all annual fees of the Issuer or the Kansas Board of Tax Appeals related to any
ad valorem tax exemption being granted to the Project under K.S.A. §79-201a.

(g) Other Amounts Payable. FHLBank shall pay to the Person or Persons entitled thereto, any
other amounts which FHLBank has agreed to pay under this Lease Agreement, the Bond Indenture, and
any other Transaction Document.

Section 4.4. Prepayment of Lease Payments. FHLBank shall have and is granted the option to
prepay from time to time the amounts payable under this Lease Agreement in sums sufficient to
redeem or to pay or cause to be paid all or part of the Bonds in accordance with the provisions of
the Bond Indenture. Upon written notice and direction by FHLBank to the Issuer to redeem Bonds
subject to optional redemption under the Bond Indenture, the Issuer shall forthwith take or cause
to be taken all steps (other than the payment of the money required for such redemption) necessary
under the applicable redemption provisions of the Bond Indenture to effect redemption of all or
part of the then Outstanding Bonds, as may be specified by FHLBank, on the date established for
such redemption. Whenever any Bonds shall have been called for optional redemption under any
provision of the Bond Indenture, FHLBank shall deposit with the Bond Trustee moneys in such amounts
required and at such times to redeem such Bonds, including the principal, redemption premium, if
any, and accrued interest thereon to the redemption date. FHLBank further agrees that in the event
the payment of principal of and interest on the Bonds is accelerated upon the occurrence of an
Event of Default under the Bond Indenture, all Lease Payments payable for the remainder of the term
of this Lease Agreement shall be accelerated and prepayment shall be made hereunder in such
amounts. Any such prepayments shall be deposited in the Debt Service Fund, and applied by the Bond
Trustee in accordance with the provisions of the Bond Indenture. FHLBank may also prepay all or
any portion of the Lease Payments by providing for the payment of all or any portion of the Bonds
in accordance with Article X of the Bond Indenture.

Section 4.5. Obligations Absolute and Unconditional. The obligations of FHLBank under this
Lease Agreement are absolute and unconditional. FHLBank shall pay all Lease Payments and other
payments due under this Lease Agreement and perform its obligations, covenants and agreements under
this Lease Agreement, without notice or demand, and without abatement, deduction, set-off,
counterclaim, recoupment, discrimination or defense or any right of termination or cancellation
arising from any circumstances whatsoever, and regardless of the invalidity of any portion of this
Lease Agreement, and, to the extent permitted by law, FHLBank waives the provisions of any statute
or other law now or hereafter in effect contrary to any of its obligations, covenants or agreements
under this Lease Agreement or which releases or purports to release FHLBank therefrom. Nothing in
this Lease Agreement shall be construed as a waiver by FHLBank of any rights or claims FHLBank may
have against the Issuer under this Lease Agreement or otherwise, but any recovery upon such rights
or claims shall be had from the Issuer separately, it being the intent of this Lease Agreement that
FHLBank shall be unconditionally and absolutely obligated to perform fully all of its obligations,
agreements and covenants under this Lease Agreement for the benefit of the owners of the Bonds.

Section 4.6. Assignment of Issuer’s Rights. Under the Bond Indenture, the Issuer has pledged,
assigned, transferred in trust and granted a security interest to the Bond Trustee in all of the
Issuer’s rights, title and interest under this Lease Agreement accruing to or vested in the Issuer
(except for the Issuer’s rights to payment of its fees and expenses and the Issuer’s right to
indemnification in certain circumstances and as otherwise expressly set forth in this Lease
Agreement) as security for the Bonds, and such rights, title and interest may be exercised,
protected and enforced for or on behalf of the owners of the Bonds in conformity with this Lease
Agreement, the Bond Indenture and the other Transaction Documents. The Bond Trustee is hereby
given the right to enforce, as assignee of the Issuer, the performance of the obligations of
FHLBank under this Lease Agreement, and FHLBank hereby consents to the same and agrees that the
Bond Trustee may enforce such rights as provided in this Lease Agreement and in the Bond Indenture
and the other Transaction Documents. This Lease Agreement recognizes that the Bond Trustee is a
third party creditor-beneficiary of this Lease Agreement.

ARTICLE V

TAXES AND UTILITIES

Section 5.1. Taxes, Assessments and Other Governmental Charges.

(a) Subject to subsection (b) of this Section, FHLBank shall promptly pay and discharge, as
the same become due, all taxes and assessments, general and special, and other governmental charges
of any kind whatsoever that may be lawfully taxed, charged, levied, assessed or imposed upon or
against the Project, or any part thereof or interest therein (including the leasehold estate of
FHLBank therein) or any buildings, improvements, machinery and equipment at any time installed
thereon by FHLBank, or the income therefrom or Lease Payments and other amounts payable under this
Lease Agreement, including any new taxes and assessments not of the kind enumerated above to the
extent that the same are lawfully made, levied or assessed in lieu of or in addition to taxes or
assessments now customarily levied against real or personal property, and further including all
utility charges, assessments and other general governmental charges and impositions whatsoever,
foreseen or unforeseen, which if not paid when due would materially impair the security of the
Bonds or materially encumber the Issuer’s leasehold interest in the Project; provided that with
respect to any special assessments or other governmental charges that are lawfully levied and
assessed which may be paid in installments, FHLBank shall be obligated to pay only such
installments thereof as become due and payable during the Lease Term.

(b) FHLBank shall have the right, in its own name or in the Issuer’s name, to contest the
validity or amount of any tax, assessment or other governmental charge which FHLBank is required to
bear, pay and discharge pursuant to the terms of this Article by appropriate legal proceedings
instituted before the tax, assessment or other governmental charge complained of becomes delinquent
if and provided (1) FHLBank, before instituting any such contest, gives the Issuer and the Trustee
written notice of its intention so to do, (2) FHLBank diligently prosecutes any such contest, at
all times effectively stays or prevents any official or judicial sale therefor, under execution or
otherwise, and (3) FHLBank promptly pays any final judgment enforcing the tax, assessment or other
governmental charge so contested and thereafter promptly procures record release or satisfaction
thereof. The Issuer agrees to cooperate fully with FHLBank in connection with any and all
administrative or judicial proceedings related to any tax, assessment or other governmental charge,
subject to payment of any costs incurred by the Issuer. FHLBank shall hold the Issuer and the
Trustee whole and harmless from any costs and expenses, including attorney fees and expenses, the
Issuer may incur related to any of the above.

Section 5.2. Utilities. All utilities and utility services used by FHLBank in, on or about
the Project shall be paid for by FHLBank and shall be contracted for by FHLBank in FHLBank’s own
name, and FHLBank shall, at its sole cost and expense, procure any and all permits, licenses or
authorizations necessary in connection therewith.

Section 5.3. Ad Valorem Taxes. The Issuer and FHLBank acknowledge that under the existing
provisions of K.S.A. §79-201a, as amended, the property purchased, acquired, constructed,
reconstructed, improved, equipped, furnished, repaired, enlarged or remodeled with the proceeds of
the Bonds is entitled to exemption from general ad valorem and property taxes (other than special
assessments levied on account of special benefits) on real and personal property, other than
inventory for a period of ten (10) calendar years after the calendar year in which the Bonds are
issued, provided proper application is made therefor. The Issuer covenants that it will not
voluntarily take any action which may be reasonably construed as tending to cause or induce the
levy or assessment of such ad valorem or property taxes on the Project so long as any of the Bonds
are Outstanding and unpaid or for said ten (10) year period, whichever shall be the shorter time,
and at FHLBank’s request, fully cooperate with FHLBank in all reasonable ways to prevent any such
levy or assessment. The Issuer shall prepare for execution by FHLBank and FHLBank shall timely
file the Application for Exemption to effectuate the property tax exemption described in K.S.A.
§79-201a and FHLBank agrees to fully cooperate with the Issuer in connection with such Application
for Exemption. FHLBank agrees to pay any such levies or assessments that are lawful on the
Project.

Section 5.4. Payment in Lieu of Taxes. FHLBank agrees that, during each year the Project is
exempt from ad valorem taxes by reason thereof, FHLBank will make a payment in lieu of taxes in the
amount of $44,436.00 on or before each December 20, commencing December 20, 2018.

Section 5.5. Kansas Retailers’ Sales Tax. The parties have entered into this Lease Agreement
in contemplation that, under the existing provisions of K.S.A. §79-3606(d) and other applicable
laws, sales of tangible personal property or services purchased in connection with acquisition,
purchase, construction, improving, equipping or remodeling of the Project are entitled to exemption
from the tax imposed by the Kansas Retailers’ Sales Tax Act. The parties agree that the Issuer
shall, upon the request of and with FHLBank’s assistance, promptly obtain from the State and
furnish to the contractors and suppliers an exemption certificate for the acquisition, purchase,
construction, improving, equipping or remodeling of the Project. FHLBank covenants that said
exemption shall be used only in connection with the purchase of tangible personal property or
services becoming a part of the Project.

ARTICLE VI

GENERAL COVENANTS AND PROVISIONS

Section 6.1. Corporate Existence. Except as otherwise expressly provided in this Lease
Agreement, FHLBank shall (1) preserve and keep in full force and effect its corporate or other
separate legal existence, (2) remain qualified to do business and conduct its affairs in each
jurisdiction where ownership of its property or the conduct of its business or affairs requires
such qualification, and (3) maintain its status as a federally chartered corporation.

Section 6.2. Maintenance and Use of Property. FHLBank shall cause the Project and all of its
property used or useful in the conduct of its business and operations to be maintained, preserved
and kept in good repair and working order and condition and in as safe condition as its operations
will permit and will make all repairs, renewals, replacements and improvements thereof necessary
for the efficient and advantageous conduct of its business and operations. Nothing in this Section
shall obligate FHLBank to preserve, repair, renew or replace any element or unit of the Project or
any of its property no longer used or no longer useful in the conduct of its business, or prevent
FHLBank from discontinuing the operation of any element or unit of the Project or any of its
property or from removing or demolishing any building or buildings, if in its judgment (evidenced,
in the case of such a cessation other than in the ordinary course of business, by a determination
by its governing board) such discontinuance is desirable in the conduct of its business and not
disadvantageous in any material respect to the owners of the Bonds. FHLBank may make additions,
alterations and changes to the Project or its property so long as such additions, alterations and
changes are made in compliance with the provisions of this Lease Agreement and will not result in a
violation of the provisions of this Lease Agreement, and FHLBank may dispose of any property as
permitted by this Lease Agreement.

The duly authorized agents of the Bond Trustee, as assignee of the Issuer, and the Bond
Trustee’s attorneys and agents, shall have the right at all reasonable times and with prior written
notice to FHLBank to enter the property of FHLBank, or any parts thereof, for the purpose of
inspecting the property of FHLBank to insure compliance with this Section; provided that such
parties shall coordinate with FHLBank and any sublessee/operator of the Project to ensure that such
entry upon and inspection of the property does not disturb the operations of the Project.

Section 6.3. Compliance With Laws and Regulations. FHLBank shall conduct its affairs and
carry on its business and operations in such manner as to comply with any and all applicable laws
of the United States of America and the several states thereof and to observe and conform to all
valid orders, regulations or requirements of any governmental Issuer applicable to the conduct of
its business and operations and the ownership of its property; provided, however, that nothing
contained in this Lease Agreement shall require FHLBank to comply with, observe and conform to any
such law, order, regulation or requirement of any governmental Issuer so long as the validity
thereof shall be contested by FHLBank in good faith by appropriate proceedings, provided that
FHLBank shall have set aside on its books adequate reserves with respect to such contest and such
contest shall not materially impair the ability of FHLBank to meet its obligations under this Lease
Agreement.

Section 6.4. Payment of Taxes and Other Charges. FHLBank shall pay or cause to be paid as
they become due and payable all taxes, assessments and other governmental charges lawfully levied
or assessed or imposed upon FHLBank or its property or any part thereof or upon any income
therefrom; provided, however, that FHLBank shall not be required to pay and discharge or cause to
be paid and discharged any such tax, assessment or governmental charge to the extent that the
amount, applicability or validity thereof shall currently be contested in good faith by appropriate
proceedings and FHLBank shall have established and shall maintain adequate reserves on its books
for the payment of the same.

Section 6.5. Licenses and Permits. FHLBank shall procure and maintain all licenses and
permits necessary or desirable in the operation of its business and affairs and will maintain
accreditation of its facilities by the appropriate accrediting body and will use its best efforts
to maintain the status of its facilities (other than those not currently having such status) as a
provider of services eligible for payment or reimbursement under those third-party payment programs
which the governing board of FHLBank determines are appropriate; provided, however, that FHLBank
shall not be required to procure or maintain in effect any right, license or accreditation that the
governing board of FHLBank shall have determined in good faith, is not in the best interests of
FHLBank and is no longer desirable in the conduct of its business and that lack of such compliance
will not materially impair the ability of FHLBank to pay or perform its obligations under this
Lease Agreement.

Section 6.6. Insurance. FHLBank shall maintain, or cause to be maintained at its sole cost
and expense, insurance with respect to its property, the operation thereof and its business against
such casualties, contingencies and risks (which may include but is not limited to builder’s risk,
property and casualty, worker’s compensation, general liability and employee dishonesty, as
appropriate in the determination of FHLBank) and in amounts not less than is customary and adequate
in the case of organizations engaged in the same or similar activities and similarly situated and
as is adequate to protect its property and operations. FHLBank shall annually review the insurance
it maintains pursuant hereto as to whether such insurance is customary and adequate. FHLBank’s
property insurance policy and/or builder’s risk policy with respect to the Project, as appropriate,
shall name the Issuer and the Bond Trustee as a loss payee thereunder. FHLBank’s general liability
policy shall name each of the Issuer and the Bond Trustee as an additional insured.

All such insurance shall be maintained with responsible insurance carriers. Each policy or
other contract for such insurance under which the Issuer or Trustee is named an additional insured
or loss payee shall contain an agreement by the insurer that, notwithstanding any right of
cancellation reserved to such insurer, such policy or contract shall continue in force for at least
ten (10) days after written notice of cancellation to FHLBank, the Bond Trustee, and the Issuer.

FHLBank shall deposit with the Bond Trustee and Issuer, at the closing of the Bonds, and
annually promptly following the renewal of FHLBank’s insurance policies, a certificate or
certificates of the respective insurers stating that such insurance is in force and effect. In lieu
of separate policies, FHLBank may maintain a single policy, blanket or umbrella policies, or a
combination thereof, in which event FHLBank shall deposit with the Bond Trustee a certificate or
certificates of the respective insurers as to the amount of coverage in force upon the property of
FHLBank.

Section 6.7. Indemnity. FHLBank shall pay and indemnify and save the Issuer and the Bond
Trustee and their respective Commissioners, directors, officers, employees and agents harmless from
and against all loss, liability, damage or expense arising out of the issuance of the Bonds and the
execution of this Lease Agreement and the other Transaction Documents, including, but not limited
to, claims for loss or damage to any property or injury to or death of any person, asserted by or
on behalf of any person, firm, corporation or governmental Issuer arising out of or in any way
connected with any property of FHLBank, or the conditions, occupancy, use, possession, conduct or
management of, or any work done in or about such property including without limitation
environmental contamination and the clean-up thereof. FHLBank shall also pay and indemnify and
save the Issuer and the Bond Trustee and their respective Commissioners, directors, officers,
employees and agents harmless of, from and against, all costs, reasonable counsel fees, expenses
and liabilities incurred by them or by FHLBank in any action or proceeding brought by reason of any
such claim, demand, expense, penalty, fine or tax arising out of the issuance of the Bonds. If any
action or proceeding is brought against the Issuer or the Bond Trustee or their respective
Commissioners, directors, officers, employees or agents by reason of any such claim or demand,
FHLBank, upon notice from the Issuer or the Bond Trustee, covenants to resist and defend such
action or proceeding on demand of the Issuer or the Bond Trustee or their respective Commissioner,
directors, officers, employees or agents. Notwithstanding the foregoing, neither the Issuer nor
the Bond Trustee nor their respective Commissioners, directors, officers, employees or agents shall
be indemnified against loss, liability damage or expense for damage caused by their own negligent,
willful and malicious acts or omissions or negligent, willful and malicious acts or omissions of
their own Commissioners, directors, officers, employees or agents. FHLBank shall also pay and
indemnify the Issuer and the Bond Trustee from and against, all costs, expenses and charges,
including reasonable counsel fees, incurred after default of FHLBank in enforcing any covenant or
agreement of FHLBank contained in this Lease Agreement, the Bond Indenture or the other Transaction
Documents.

Bank will indemnify, defend and hold harmless the Issuer and the Bond Trustee, and their
respective members, officers, directors, employees, agents and shareholders from and against any
and all actions, claims, demands, losses, damages, fines, penalties, interest charges, liabilities,
judgments and costs of every kind, including (a) those arising under any Hazardous Materials Laws,
(b) any loss in value of the Project, (c) all foreseeable consequential damages, (d) the costs of
any required or necessary repair, cleanup or detoxification of the Project, and the preparation and
implementation of any closure, remedial or other required plans, and (e) all reasonable costs and
expenses incurred by the Issuer or the Bond Trustee, or their respective members, officers,
directors, employees, agents and shareholders:

	 	1.	 	for, with respect to, or as a direct or indirect result of (i) the presence on
or under, or the escape, seepage, leakage, spillage, discharge, emission or release
from, the Project of any Hazardous Material, regardless of whether or not caused by, or
within the control of, FHLBank or any predecessor in title or any employees, agents,
contractors or subcontractors of FHLBank, or any third persons at any time, occupying
or present on or otherwise affecting the Project; or (ii) the transport, treatment,
storage or disposal of Hazardous Materials to or at any location by FHLBank or by any
other party directly or indirectly affiliated with it, or at the direction or on behalf
of any of them;

	 	2.	 	arising out of or related to any breach of Bank’s obligations or warranties
under, or any inaccuracy or incompleteness of the representations made in, this Section
6.7, regardless of whether any of such actions or circumstances were or will be in
compliance with applicable laws, regulations, codes or ordinances; or

	 	3.	 	arising out of the enforcement or attempted enforcement of the indemnity,
defense and save harmless covenants contained in this Section 6.7.

For purposes of this Section 6.7 the following terms will have the definitions below:

	 	1.	 	The phrase “Hazardous Material” will mean and include any oil, flammable
explosives, radioactive materials, asbestos in any form, underground fuel tanks,
hazardous, toxic or dangerous waste, chemical, substance or related material, urea
formaldehyde foam insulation, polychlorinated biphenyls, or radon gas including
substances defined as such in (or for purposes of) or which may give rise to liability
under any Hazardous Materials Laws.

	 	2.	 	The phrase “Hazardous Materials Laws” will mean and include (i) the
Comprehensive Environmental Response, Compensation, and Liability Act, as amended, 42
U.S.C. Section 9601, et. seq.; (ii) the Hazardous Materials Transportation Act, as
amended 49 U.S.C. Section 1801, et. seq.; (iii) the Resource Conservation and Recovery
Act, as amended, 42 U.S.C. Section 6901, et seq.; (iv) the Clean Water Act, 33 U.S.C.
Sections 466, et seq.; (v) the Safe Drinking Water Act, 14 U.S.C. Sections 1401-1450;
(vi) the Toxic Substances Control Act, 15 U.S.C. Sections 2601-2629; and all
regulations issued pursuant thereto and any so-called “Superfund” or “Superlien” law,
or any other federal, state or local statute, law, ordinance, code, rule, regulation,
order or decree regulating, relating to, or imposing liability or standards of conduct
concerning, any hazardous, toxic or dangerous waste, substance or material, as now or
at any time hereafter in effect.

Section 6.8. Assignment by FHLBank. FHLBank shall not assign this Lease Agreement and the
other Transaction Documents, as a whole or in part, without the prior written consent of the Issuer
and the Bondowner, unless the following conditions are met:

(a) No assignment shall relieve FHLBank from primary liability for any of its obligations
under this Lease Agreement, and in the event of any such assignment, FHLBank shall continue to
remain primarily liable for payment of the amounts specified in this Lease Agreement and the
performance and observance of the other agreements to be performed and observed by FHLBank under
this Lease Agreement to the same extent as though no assignment had been made.

(b) The assignee shall assume the obligations of FHLBank under this Lease Agreement and the
other Transaction Documents, to the extent of the interest assigned.

(c) If there remains unpaid any Bond which bears interest that is not includable in gross
income under the Internal Revenue Code, the Bond Trustee and the Issuer shall have received an
Opinion of Bond Counsel, in form and substance satisfactory to the Bond Trustee and the Issuer, to
the effect that under then existing law the consummation of such assignment, whether or not
contemplated on any date of the delivery of such Bond, would not cause the interest payable on such
Bond to become includable in gross income under the Internal Revenue Code.

(d) FHLBank shall, prior to the effective date of such assignment furnish or cause to be
furnished to the Issuer and the Bond Trustee a true and complete copy of each assignment and
assumption of obligations.

(e) The Issuer and FHLBank acknowledge and agree that at some point during or following
construction of the Project FHLBank may convey the Project. Notwithstanding any other provision of
this Section 6.8 or other provision in this Lease Agreement, the sole requirement of FHLBank with
respect to such conveyance is to provide notice of such event within sixty (60) days thereafter to
the Issuer. If FHLBank furnishes to the Issuer and Bond Trustee a true and complete copy of an
assignment and assumption of obligations between FHLBank and such transferee, FHLBank shall be
relieved of all obligations under this Lease Agreement and other Transaction Documents.

If subsection (a) through (e) above are not applicable, and FHLBank is required to obtain prior
written consent of the Issuer, upon Issuer’s consent and receipt by the Issuer and the Bond Trustee
of a true and complete copy of an assignment and assumption of obligations between FHLBank and such
transferee, FHLBank shall be relieved of all obligations under this Lease Agreement and the other
Transaction Documents.

Section 6.9. Damage, Destruction and Condemnation.

In the event of damage to or destruction of the Project, or any portion thereof, resulting
from fire or other casualty, or in the event the Project, or any portion thereof, is condemned or
taken for any public or quasi-public use or title thereto is found to be deficient, the Net
Proceeds of such insurance, condemnation or taking shall (i) if such Net Proceeds do not exceed
$10,000 and no Event of Default then exists under this Lease Agreement, the Bond Indenture or any
other Transaction Document, be paid directly to FHLBank, or (ii) otherwise, be paid directly to the
Bond Trustee. In the event such Net Proceeds exceed $10,000 FHLBank agrees to promptly notify the
Issuer and the Bond Trustee of such event.

If the Net Proceeds are paid to FHLBank, FHLBank agrees that, to the extent permitted by law,
it will forthwith replace, repair, reconstruct or restore the Project to substantially the same or
an improved condition or utility value as existed prior to the event affecting the Project and will
to the extent necessary apply the Net Proceeds received by FHLBank to the payment or reimbursement
of the costs of such replacement, repair, reconstruction or restoration. Any remaining balance not
required for said purpose shall be paid to the Bond Trustee for deposit in the Debt Service Fund to
be used to pay the next successive principal payments on the Bonds as they become due or redeem
Bonds on the earliest permissible date.

If the Net Proceeds are paid directly to the Bond Trustee, FHLBank shall, within 90 days after
the Net Proceeds are deposited with the Bond Trustee, elect in an Officer’s Certificate delivered
to the Bond Trustee one of the following two options:

(a) Option A — Replacement, Repair, Reconstruction or Restoration. FHLBank may elect to use
all or part of such Net Proceeds to replace, repair, reconstruct or restore the Project, or portion
thereof. In such event FHLBank shall proceed forthwith to replace, repair, reconstruct or restore
the Project to substantially the same condition or utility value as existed prior to the event
affecting the Project and will apply the Net Proceeds received by FHLBank from the Bond Trustee to
the payment or reimbursement of the costs of such replacement, repair, reconstruction or
restoration. So long as FHLBank is not in default under this Lease Agreement, any such Net Proceeds
received by the Bond Trustee shall be deposited in a separate account to be established in the
Project Fund and FHLBank shall have the right to receive such Net Proceeds from the Bond Trustee
from time to time upon the receipt by the Bond Trustee of written requests of FHLBank in
substantially the form of Exhibit C to the Bond Indenture, and subject to the provisions, of
Section 403 of the Bond Indenture.

(b) Option B — Prepayment of Bonds. FHLBank may elect to have all or part of such Net Proceeds
applied to the prepayment of the Bonds; provided that FHLBank’s Officer’s Certificate delivered to
the Bond Trustee states that the property damaged or destroyed or the property condemned or the
property interest lost because of a title defect, as the case may be, was not essential to the use
of the Project as a complete and operational facility. In such event FHLBank shall, in the
Officer’s Certificate delivered to the Bond Trustee, direct the Bond Trustee to deposit such Net
Proceeds or a specified portion thereof, when and as received, in the Debt Service Fund to be used
to pay the next successive principal payments on the Bonds as they become due or to redeem Bonds on
the earliest permissible date. If only part of such Net Proceeds is applied to the prepayment of
the Bonds, then the remaining part of such Net Proceeds shall be applied as provided under Option A
above.

Section 6.10. Financial Statements and Other Information. FHLBank shall keep proper books of
record and account, in which full and correct entries shall be made of all dealings or transactions
of or in relation to the properties, business and affairs of FHLBank in accordance with generally
accepted accounting principles.

Section 6.11. Access to the Project and Inspection; Operation of the Project. The duly
authorized agents of the Issuer and the Bond Trustee shall have the right, at all reasonable times
upon the furnishing of reasonable written notice under the circumstances, to enter upon the Project
and to examine and inspect the Project; provided that such parties shall coordinate with FHLBank
and any sublessee/operator of the Project to ensure that such entry upon and inspection of the
property does not disturb the operations of the Project. FHLBank will execute, acknowledge and
deliver all such further documents and do all such other acts and things as may be necessary to
grant to the Issuer and the Bond Trustee such right of entry. The duly authorized agents of the
Issuer and the Bond Trustee shall also be permitted, at all reasonable times upon reasonable notice
under the circumstances, to examine the books and records of FHLBank with respect to the Project
and the obligations of FHLBank hereunder.

Section 6.12. Depreciation and Investment Tax Credit. The Issuer agrees that any depreciation
or investment tax credit with respect to the Project or any part thereof shall be made available to
FHLBank, and the Issuer will fully cooperate with FHLBank in any effort by FHLBank to avail itself
of any such depreciation or investment tax credit.

ARTICLE VII

DEFAULT AND REMEDIES

Section 7.1. Events of Default. The term “Event of Default,” wherever used in this Lease
Agreement, means any one of the following events (whatever the reason for such event and whether it
shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment,
decree or order of any court or any order, rule or regulation of any administrative or governmental
body):

(a) default in the payment of any Lease Payment or Additional Payment within five (5) days
following when due and payable; or

(b) default in the performance, or breach, of any covenant or agreement of FHLBank in this
Lease Agreement (other than a covenant or agreement a default in the performance or breach of which
is specifically dealt with elsewhere in this Section), and continuance of such default or breach
for a period of 60 days after there has been given to FHLBank by the Issuer or the Bond Trustee or
to FHLBank and the Bond Trustee by the owners of at least 10% in principal amount of the Bonds
Outstanding, a written notice specifying such default or breach and requiring it to be remedied;
provided, that if such default cannot be fully remedied within such 60-day period, but can
reasonably be expected to be fully remedied, such default shall not constitute an Event of Default
if FHLBank shall immediately upon receipt of such notice commence the curing of such default and
shall thereafter prosecute and complete the same with due diligence and dispatch; or

(c) any representation or warranty made by FHLBank in this Lease Agreement or in any other
Transaction Documents or in any written statement or certificate furnished to the Issuer or the
Bond Trustee or the purchaser of any Bond in connection with the sale of any Bond or furnished by
FHLBank pursuant to this Lease Agreement proves untrue in any material respect as of the date of
the issuance or making thereof and shall not be corrected or brought into compliance within 60 days
after there has been given to FHLBank by the Issuer, the Bond Trustee or to FHLBank and the Bond
Trustee by the owners of at least 10% in principal amount of the Bonds Outstanding, a written
notice specifying such default or breach and requiring it to be remedied; provided, that if such
default cannot be fully remedied within such 60-day period, but can reasonably be expected to be
fully remedied, such default shall not constitute an Event of Default if FHLBank shall immediately
upon receipt of such notice commence the curing of such default and shall thereafter prosecute and
complete the same with due diligence and dispatch; or

(d) the entry of a decree or order by a court having jurisdiction in the premises for relief
in respect of FHLBank, or adjudging FHLBank a bankrupt or insolvent, or approving as properly filed
a petition seeking reorganization, adjustment or composition of or in respect of FHLBank under the
United States Bankruptcy Code or any other applicable federal or state law, or appointing a
custodian, receiver, liquidator, assignee, Bond Trustee, sequestrator (or other similar official)
of or for FHLBank or any substantial part of its property, or ordering the winding up or
liquidation of its affairs, and the continuance of any such decree or order remains unstayed and in
effect for a period of 60 consecutive days; or

(e) the commencement by FHLBank of a voluntary case, or the institution by it of proceedings
to be adjudicated a bankrupt or insolvent, or the consent by it to the institution of bankruptcy or
insolvency proceedings against it, or the filing by it of a petition or answer or consent seeking
reorganization, arrangement or relief under the United States Bankruptcy Code or any other
applicable federal or state law, or the consent or acquiescence by it to the filing of any such
petition or the appointment of or taking possession by a custodian, receiver, liquidator, assignee,
Bond Trustee, sequestrator (or other similar official) of FHLBank or any substantial part of its
property, or the making by it of an assignment for the benefit of creditors, or the admission by it
in writing of its inability or its failure to pay its debts generally as they become due, or the
taking of corporate action by FHLBank in furtherance of any such action; or

(f) the occurrence and continuance of any “Event of Default” specified in the Bond Indenture
that has not been waived.

Promptly after any officer of FHLBank may reasonably be deemed to have knowledge of a default
hereunder, FHLBank will deliver to the Bond Trustee a written notice specifying the nature and
period of existence thereof and the action FHLBank is taking and proposes to take with respect
thereto.

Section 7.2. Acceleration of Maturity; Rescission and Annulment. Subject to the provisions of
Section 4.2 hereof, if an Event of Default under this Lease Agreement occurs and is continuing, the
Bond Trustee, as assignee of the Issuer, may, and if requested by the owners of not less than 25%
in principal amount of the Bonds Outstanding shall, by written notice to FHLBank and the Issuer,
declare all Lease Payments to be due and payable, and upon any such declaration such Lease Payments
shall become immediately due and payable.

At any time after such a declaration of acceleration has been made, but before any judgment or
decree for payment of money due on the Lease has been obtained by the Bond Trustee as hereinafter
in this Article provided, the Bond Trustee may, by written notice to FHLBank, rescind and annul
such declaration and its consequences if

(a) FHLBank has deposited with the Bond Trustee a sum sufficient to pay

(1) all overdue Lease Payments,

(2) interest upon overdue Lease Payments at the rate or rates prescribed therefor in this
Lease Agreement,

(3) all sums paid or advanced by the Bond Trustee hereunder and the reasonable compensation,
expenses, disbursements and advances of the Issuer and the Bond Trustee, its agents and counsel;
and

(b) all events of default, other than the non-payment of the Lease Payments which have become
due solely by such declaration of acceleration, have been cured or have been waived as provided in
Section 7.7 of this Lease Agreement.

No such rescission and annulment shall affect any subsequent default or impair any right
consequent thereon.

Section 7.3. Exercise of Remedies by the Bond Trustee. Upon the occurrence and continuance of
any Event of Default under this Lease Agreement, unless the same is waived as provided in this
Lease Agreement, the Bond Trustee, as assignee of the Issuer, shall have the following rights and
remedies, in addition to any other rights and remedies provided under this Lease Agreement or by
law:

(a) Right to Bring Suit, Etc. The Bond Trustee may pursue any available remedy at law or in
equity by suit, action, mandamus or other proceeding to enforce the payment of the Lease Payments
including interest on overdue Lease Payments, and any other sums due under this Lease Agreement, to
realize on or to foreclose any of its interests or liens under this Lease Agreement, to enforce and
compel the performance of the duties and obligations of FHLBank as set forth in this Lease
Agreement and to enforce or preserve any other rights or interests of the Bond Trustee under this
Lease Agreement existing at law or in equity.

(b) Exercise of Remedies at Direction of Bondowners. If requested in writing to do so by the
owners of not less than 25% in principal amount of Bonds Outstanding and if indemnified as provided
in Section 802(e) of the Bond Indenture, the Bond Trustee shall be obligated to exercise such one
or more of the rights and remedies conferred by this Article as the Bond Trustee shall deem most
expedient in the interests of the bondowners.

(c) Termination. The Issuer or the Bond Trustee may, by notice to FHLBank given at any time
thereafter while FHLBank is in default in the payment of Lease Payments or in the performance of
any other obligation under this Lease Agreement, elect to terminate this Lease Agreement upon no
less than 60 days, and if all defaults shall not have then been cured, on the date so specified,
this Lease Agreement shall thereupon be terminated. The Bond Trustee may take whatever action at
law or in equity which may appear necessary or desirable to collect Lease Payments then due and
thereafter to become due, or to enforce performance and observance of any obligation, agreement or
covenant of FHLBank under this Lease Agreement.

Section 7.4. Application of Moneys Collected. Any moneys collected by the Bond Trustee
pursuant to this Article (after the deductions for payment of costs and expenses of proceedings
resulting in the collection of such moneys) together with any other sums then held by the Bond
Trustee as part of the Trust Estate, shall be applied as provided in Article VII of the Bond
Indenture and, in case of the distribution of such money on account of principal (or premium, if
any) or interest on the Bonds, shall be credited against amounts due on the Lease.

Section 7.5. Rights and Remedies Cumulative. No right or remedy herein conferred upon or
reserved to the Bond Trustee is intended to be exclusive of any other right or remedy, and every
right and remedy shall, to the extent permitted by law, be cumulative and in addition to every
other right and remedy given hereunder or now or hereafter existing at law or in equity or
otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not
prevent the concurrent assertion or employment of any other appropriate right or remedy.

Section 7.6. Delay or Omission Not Waiver. No delay or omission of the Bond Trustee to
exercise any right or remedy accruing upon an Event of Default shall impair any such right or
remedy or constitute a waiver of any such event of default or an acquiescence therein. Every right
and remedy given by this Article or by law to the Bond Trustee or to the Bondholders may be
exercised from time to time and as often as may be deemed expedient by the Bond Trustee.

Section 7.7. Waiver of Past Defaults. Before any judgment or decree for payment of money due
has been obtained by the Bond Trustee as provided in this Article, the Owners of a majority in
principal amount of the Bonds Outstanding may, by written notice delivered to the Bond Trustee and
FHLBank, on behalf of the Owners of all the Bonds waive any past default hereunder and its
consequences, except a default:

(a) in the payment of the principal of (or premium, if any) or interest on any Bond, or

(b) in respect of a covenant or provision hereof which under Article VIII cannot be modified
or amended without the consent of the owner of each Outstanding Bond affected.

Upon any such waiver, such default shall cease to exist, and any Event of Default arising
therefrom shall be deemed to have been cured, for every purpose of this Lease Agreement; but no
such waiver shall extend to or affect any subsequent or other default or impair any right or remedy
consequent thereon.

Section 7.8. Advances by Bond Trustee. If FHLBank fails to make any payment or perform any of
its covenants in this Lease Agreement, the Bond Trustee may, at any time and from time to time, use
and apply any moneys held by it under the Bond Indenture, or make advances, to effect payment or
performance of any such covenant on behalf of FHLBank. All moneys so used or advanced by the Bond
Trustee, together with interest at the Bond Trustee’s announced prime rate plus 2% per annum, shall
be repaid by FHLBank upon demand and such advances shall be secured under the Bond Indenture prior
to the Bonds. For the repayment of all such advances the Bond Trustee shall have the right to use
and apply any moneys at any time held by it under the Bond Indenture but no such use of moneys or
advance shall relieve FHLBank from any default hereunder.

ARTICLE VIII

SUPPLEMENTAL LEASE AGREEMENTS

Section 8.1. Supplemental Lease Agreements without Consent of Bondowners. Without the consent
of the Owners of any Bonds, but with the consent of the Issuer and FHLBank may from time to time
enter into one or more Supplemental Lease Agreements, in form satisfactory to the Bond Trustee, for
any of the following purposes:

(a) to correct or amplify the description of any property of FHLBank at any time subject to
this Lease Agreement, or to subject to this Lease Agreement additional property or to more
precisely identify any project financed or refinanced out of the proceeds of any Bonds, or to
substitute or add additional property thereto; or

(b) to add to the conditions, limitations and restrictions on the authorized amount, terms or
purposes of the Lease, as herein set forth, additional conditions, limitations and restrictions
thereafter to be observed; or

(c) to evidence the succession of another entity to FHLBank and the assumption by any such
successor of the covenants of FHLBank herein contained; or

(d) to add to the covenants of FHLBank or to the rights, powers and remedies of the Bond
Trustee for the benefit of the Owners of all of the Bonds or to surrender any right or power herein
conferred upon FHLBank; or

(e) to cure any ambiguity, to correct or supplement any provision herein which may be
inconsistent with any other provision herein or to make any other provisions, with respect to
matters or questions arising under this Lease Agreement, which shall not be inconsistent with the
provisions of this Lease Agreement, provided such action shall not adversely affect the interests
of the Owners of the Bonds.

Section 8.2. Supplemental Lease Agreements with Consent of Bondowners. With the consent of
the Owners of not less than a majority in principal amount of the Bonds then Outstanding affected
by such Supplemental Lease Agreement, the Issuer and FHLBank may enter into Supplemental Lease
Agreements, acceptable to the Bond Trustee, for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of this Lease Agreement or of modifying in any
manner the rights of the Bond Trustee and the Owners of the Bonds under this Lease Agreement;
provided, however, that no such Supplemental Lease Agreement shall, without the consent of the
owner of each Outstanding Bond affected thereby,

(a) change the due date of any Lease Payments or reduce the amount thereof, or change any
place of payment where, or the coin or currency in which, the Lease Payments are payable, or impair
the right to institute suit for the enforcement of any such payment on or after the due date
thereof; or

(b) reduce the percentage in principal amount of the Outstanding Bonds, the consent of whose
Owners is required for any such Supplemental Lease Agreement, or the consent of whose Owners is
required for any waiver provided for in this Lease Agreement of compliance with certain provisions
of this Lease Agreement or certain defaults hereunder and their consequences; or

(c) modify any of the provisions of this Section, except to increase any percentage provided
thereby or to provide that certain other provisions of this Lease Agreement cannot be modified or
waived without the consent of the Owner of each Bond affected thereby.

The Bond Trustee may in its discretion determine whether or not any Bonds would be affected by
any Supplemental Lease Agreement and any such determination shall be conclusive upon the Owners of
all Bonds, whether theretofore or thereafter authenticated and delivered hereunder. The Bond
Trustee shall not be liable for any such determination made in good faith.

It shall not be necessary for the required percentage of Owners of Bonds under this Section to
approve the particular form of any proposed Supplemental Lease Agreement, but it shall be
sufficient if such act shall approve the substance thereof.

Section 8.3. Execution of Supplemental Lease Agreements. In executing or consenting to any
Supplemental Lease Agreement permitted by this Article, the Issuer and the Bond Trustee shall
receive, and, subject to Section 801 of the Bond Indenture, shall be fully protected and may
conclusively rely upon, an Opinion of Bond Counsel addressed to the Bond Trustee and the Issuer
stating that the execution of such Supplemental Lease Agreement is authorized or permitted by this
Lease Agreement and the Act. The Bond Trustee may, but shall not be obligated to, consent to any
such Supplemental Lease Agreement which affects the Bond Trustee’s own rights, duties or immunities
under this Lease Agreement or otherwise.

Section 8.4. Effect of Supplemental Lease Agreements. Upon the execution of any Supplemental
Lease Agreement under this Article, this Lease Agreement shall be modified in accordance therewith
and such Supplemental Lease Agreement shall form a part of this Lease Agreement and the Act for all
purposes; and FHLBank, the Issuer, the Bond Trustee and every owner of Bonds theretofore or
thereafter authenticated and delivered under the Bond Indenture shall be bound thereby.

Section 8.5. Reference in Bonds to Supplemental Lease Agreements. Bonds authenticated and
delivered after the execution of any Supplemental Lease Agreement pursuant to this Article may, and
if required by the Bond Trustee shall, bear a notation in form approved by the Bond Trustee as to
any matter provided for in such Supplemental Lease Agreement. If the Issuer shall so determine,
new Bonds so modified as to conform, in the opinion of the Bond Trustee and the Issuer, to any such
Supplemental Lease Agreement may be executed by the Issuer and authenticated and delivered by the
Bond Trustee in exchange for Outstanding Bonds.

ARTICLE IX

OPTION TO TERMINATE

Section 9.1. Option to Terminate. FHLBank shall have, and is hereby granted, the option to
terminate the Issuer’s interest in the Lease at any time prior to the expiration of the term of
this Lease Agreement upon payment and discharge of all Bonds pursuant to Article X of the Bond
Indenture. To exercise such option FHLBank shall give written notice to the Issuer and to the Bond
Trustee, if any of the Bonds shall then be unpaid or provision for their payment shall not have
been made in accordance with the provisions of the Bond Indenture, and shall specify therein the
date of termination, which date shall be not less than 15 nor more than 45 days from the date such
notice is mailed. The termination fee payable by FHLBank in the event of its exercise of the
option granted in this Section shall be the sum of the following:

(a) the full amount which is required to provide the Issuer and the Bond Trustee with funds
sufficient, in accordance with the terms of the Bond Indenture, to pay at maturity or to redeem and
pay in full (A) the principal of all of the Outstanding Bonds, (B) all interest due thereon to date
of maturity or redemption, which ever first occurs, and (C) all costs, expenses and premiums
incident to the redemption and payment of the Bonds in full, and

(b) an amount of money equal to the Issuer’s, Bond Trustee’s and Paying Agent’s fees and
expenses under the Bond Indenture and this Lease Agreement accrued and to accrue until such
redemption of the Bonds.

ARTICLE X

MISCELLANEOUS PROVISIONS

Section 10.1. Covenants under Transaction Documents. FHLBank shall deliver to the Bond
Trustee all reports, opinions and other documents required to be submitted to the Bond Trustee at
the times required by this Lease Agreement and the Bond Indenture and all other Transaction
Documents, and shall perform or cause to be performed all covenants and agreements required on the
part of FHLBank contained in this Lease Agreement and the Bond Indenture and any other Transaction
Documents. This Lease Agreement, all supplements to this Lease Agreement, and all other
Transaction Documents shall be delivered to and held by the Bond Trustee.

Section 10.2. Further Assurances. FHLBank will do, execute, acknowledge and deliver such
further acts, instruments, financing statements and assurances as the Bond Trustee may reasonably
require for accomplishing the purposes of the Bond Indenture this Lease Agreement and all other
Transaction Documents.

Section 10.3. Payments Due on Saturdays, Sundays and Holidays. If the day for any payment due
under this Lease Agreement is not a Business Day, then such payment may be made on the next
succeeding Business Day without additional interest and with the same force and effect as if made
on the specified date for payment.

Section 10.4. Notices. It shall be sufficient service of any notice, request, complaint,
demand or other paper required by this Lease Agreement to be given to or filed with the Issuer, the
Bond Trustee, FHLBank or the Owners of the Bonds if the same is given or filed in the manner and at
the addresses specified in the Bond Indenture. Notwithstanding the forgoing, any notice required
under this Lease Agreement shall be provided in writing to the party receiving such notice.

Section 10.5. Immunity of Officers, Employees and Commissioners of the Issuer and FHLBank. No
recourse shall be had for the payment of the Lease Payments or for any claim based thereon or upon
any representation, obligation, covenant or agreement in this Lease Agreement or any other of the
Transaction Documents against any past, present or future officer, Commissioner, Bond Trustee,
director, employee or agent of the Issuer or FHLBank, or, respectively, of any successor municipal
or private corporation thereto, as such, either directly or through the Issuer, FHLBank, or
respectively, any successor municipal or private corporation thereto, under any rule of law or
equity, statute or constitution or by the enforcement of any assessment or penalty or otherwise,
and all such liability of any such officers, commissioners, directors, employees or agents as such
is hereby expressly waived and released as a condition of and consideration for the execution of
this Lease Agreement.

Section 10.6. Limitation on Issuer Obligations. Any other term or provision in this Lease
Agreement or in any other Transaction Documents or elsewhere to the contrary notwithstanding:

(a) Any and all obligations (including without limitation, fees, claims, demands, payments,
damages, liabilities, penalties, assessments and the like) of or imposed upon the Issuer or any
Commissioner, officers, agents, employees, representatives, advisors or assigns, whether under this
Lease Agreement or any of the other Transaction Documents or elsewhere and whether arising out of
or based upon a claim or claims of tort, contract, misrepresentation, or any other or additional
legal theory or theories whatsoever (collectively the “Obligations”), shall in all events be
absolutely limited obligations and liabilities, payable solely out of the following, if any,
available at the time the Obligation in question is asserted:

(1) Bond proceeds and investment earnings therefrom; and

(2) Payments derived from the Bonds, the Bond Indenture (including the Trust Estate to the
extent provided in this Bond Indenture) and this Lease Agreement (except for the fees and expenses
of the Issuer and the Issuer’s right to indemnification under this Lease Agreement under certain
circumstances and as otherwise expressly set forth therein);

(the above provisions (1) and (2) being collectively referred to as the “exclusive sources of the
Obligations”).

(b) The Obligations shall not be deemed to constitute a debt or liability of the State of
Kansas or of any political subdivision thereof within the meaning of any state constitutional
provision or statutory limitation and shall not constitute a pledge of the full faith and credit of
the Issuer or the State of Kansas or of any other political subdivision thereof, but shall be
payable solely from and out of the exclusive sources of the Obligations and shall otherwise impose
no liability whatsoever, primary or otherwise, upon the Issuer or the State of Kansas or any other
political subdivision thereof or any charge upon their general credit or taxing power.

(c) In no event shall any Commissioner, officer, agent, employee, representative or advisor of
the Issuer, or any successor or assign of any such person or entity, be liable, personally or
otherwise, for any Obligation.

Section 10.7. No Violations of Law. Any other term or provision in this Lease Agreement to
the contrary notwithstanding:

(a) In no event shall this Lease Agreement be construed as:

(1) depriving the Issuer of any right or privilege; or

(2) requiring the Issuer or any Commissioner, agent, employee, representative or
advisor of the Issuer to take or omit to take, or to permit or suffer the taking of, any
action by itself or by anyone else, which deprivation or requirement would violate, or
result in the Issuer’s being in violation of the Act or any other applicable state or
federal law; and

At no time and in no event will FHLBank permit, suffer or allow any of the proceeds of the
Bonds to be transferred to any Person in violation of, or to be used in any manner which is
prohibited by, the Act or any other state or federal law.

Section 10.8. Benefit of Lease Agreement. This Lease Agreement shall inure to the benefit of
and shall be binding upon the Issuer and FHLBank and their respective successors and assigns.
Except as stated herein, nothing in this Lease Agreement or in the Bond Indenture or the Bonds,
express or implied, shall give to any Person, other than the parties hereto and their successors
and assigns, any benefit or any legal or equitable right, remedy or claim under this Lease
Agreement.

Section 10.9. Severability. If any provision in this Lease Agreement, the Bond Indenture or
the Bonds shall be invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby.

Section 10.10. Counterparts. This Lease Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original, but all such counterparts shall
together constitute but one and the same instrument.

Section 10.11. Electronic Storage. The parties agree that the transactions described herein
may be conducted and related documents may be received, sent or stored by electronic means.
Copies, telecopies, facsimiles, electronic files, and other reproductions of original executed
documents shall be deemed to be authentic and valid counterparts of such original documents for all
purposes, including the filing of any claim, action or suit in the appropriate court of law.

Section 10.12. Governing Law. This Lease Agreement shall be governed by and construed in
accordance with the laws of the State of Kansas.

Section 10.13. Termination of Lease Agreement Pursuant to Article VIII the Base Lease
Agreement. This Lease Agreement shall automatically terminate and be of no further force and
effect upon the termination of the Base Lease Agreement pursuant to Article VIII thereof.

REST OF PAGE INTENTIONALLY LEFT BLANK IN WITNESS WHEREOF, the Issuer and FHLBank have
caused this Lease Agreement to be executed by their duly authorized officers, as of the day and
year first above written.

SHAWNEE COUNTY, KANSAS

(Seal)

/s/ Robert E. Archer

	 	 	Robert E. Archer, Chairman

ATTEST:

/s/ Cynthia A. Beck

     

Cynthia A. Beck, County Clerk

ACKNOWLEDGMENT

	 	 	 
	STATE OF KANSAS

COUNTY OF SHAWNEE

	 	)

) SS.

)

On this day       13th       of June, 2017, before me, the undersigned, a Notary
Public, appeared Robert E. Archer, to me personally known, who being by me duly sworn, did say that
he is the Chairman of the Board of County Commissioners of SHAWNEE COUNTY, KANSAS, a body corporate
and politic duly authorized, incorporated and existing under and by virtue of the laws of the State
of Kansas and that said instrument was signed on behalf of said County by authority of its
Governing Body, and said officer acknowledged said instrument to be executed for the purposes
therein stated and as the free act and deed of said Board.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal, the day and year
last above written.

      /s/Jane Rezac—

Notary Public in and for said State

My commission expires:      3/26/2021      

1

Federal Home Loan Bank of Topeka, as Investor

By:       /s/ Patrick C. Doran—      

	 	 	 
	 	 	Name:	 	 	Patrick C. Doran
	 	 	Title:	 	 	Executive Vice President, Chief Compliance Officer
	 	 	 	 	 	And General Counsel

ACKNOWLEDGMENT

	 	 	 
	STATE OF KANSAS

COUNTY OF SHAWNEE

	 	)

) SS.

)

On this day       19       of June, 2017, before me, the undersigned, a Notary Public, appeared
Patrick C. Doran who being before me duly sworn did say that he is Executive Vice President, Chief
Compliance Officer and General Counsel of the Federal Home Loan Bank of Topeka, a federally
chartered corporation existing under the laws of the United States of America and authorized to do
business in Kansas, and that said instrument was signed on behalf of said entity, and said official
acknowledged said instrument to be executed for the purposes therein stated and as the free act and
deed of said entity.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal, the day and year
last above written.

      /s/ Eric K. Jennings—

Notary Public in and for said State

My commission expires:      5/24/20      

SCHEDULE 1

Project Description

All buildings, improvements, equipment, furnishings and machinery owned or leased by FHLBank
and paid for in whole or in part with the proceeds of the Bonds and located or to be located on the
land described on the attached Exhibit A.

EXHIBIT A

LEGAL DESCRIPTION

Lot 1 and Lot 2, Block A, Menninger Foundation Subdivision No. 2, Topeka, Shawnee County, Kansas as
recorded in Book 53, Pages 58 and 59 at the office of the Shawnee County, Kansas Register of Deeds
office.

2EX-10.3

___________________________

BASE LEASE AGREEMENT

Dated as of June 1, 2017

____________________________

Between

FEDERAL HOME LOAN BANK OF TOPEKA

as Lessor

And

SHAWNEE COUNTY, KANSAS,

as Lessee

Relating to:

$36,000,000

Shawnee County, Kansas

Taxable Industrial Revenue Bonds

(Federal Home Loan Bank of Topeka Project)

Series 2017

BASE LEASE AGREEMENT

TABLE OF CONTENTS

Page

	 	 	 	 	 
	Parties
	 	 	1	 
	Recitals
	 	 	1	 

ARTICLE I

DEFINITIONS

	 	 	Section 1.1. Definitions	 

ARTICLE II

REPRESENTATIONS

	 	 	 
	Section 2.1.

Section 2.2.

	 	Representations by FHLBank

Representations by Issuer

ARTICLE III

LEASE OF THE PROJECT

	 	 	Section 3.1. Lease of the Project	 

ARTICLE IV

QUIET ENJOYMENT; RENTAL PROVISIONS

	 	 	 
	Section 4.1.

Section 4.2.

Section 4.3.

Section 4.4.

	 	Quiet Enjoyment

Consideration and Rentals

Sublease by Issuer

Payment of Taxes

ARTICLE V

SPECIAL COVENANTS

	 	 	 
	Section 5.1.

Section 5.2.

	 	Granting of Easements

Indemnification

ARTICLE VI

ASSIGNMENT, SUBLEASING AND MORTGAGING

	 	 	 
	Section 6.1.

Section 6.2.

	 	No Assignment, Subleasing and Mortgaging of the Project by the Issue

Subordination to Lender

ARTICLE VII

DEFAULT AND REMEDIES

	 	 	 
	Section 7.1.

Section 7.2.

Section 7.3.

	 	Events of Default

Remedies on Default

Performance by Issuer

ARTICLE VIII

EARLY TERMINATION OF THIS BASE LEASE AGREEMENT

	 	 	Section 8.1. Early Termination of this Base Lease Agreement	 

ARTICLE IX

MISCELLANEOUS

	 	 	 	 	 
	Section 9.1.

Section 9.2.

Section 9.3.

Section 9.4.

Section 9.5.

Section 9.6.

Section 9.7.

Section 9.8.
	 	Notices

Binding Effect

Severability

Amounts Remaining in Funds and Accounts

Amendments, Changes and Modifications

Execution in Counterparts

Applicable Law

Captions

	 	

	 	 	Signatures and Seals

	 	S-1
	 	 	Exhibit A – Description of the Project

	 	

BASE LEASE AGREEMENT

THIS BASE LEASE AGREEMENT dated as of June 1, 2017 (this “Base Lease Agreement”), by and
between FEDERAL HOME LOAN BANK OF TOPEKA, a federally chartered corporation existing under the laws
of the United States of America (12 U.S.C. §§1421 et seq.), as Lessor (the “FHLBank”), and SHAWNEE
COUNTY, KANSAS, a body corporate and politic existing under the laws of the State of Kansas, as
Lessee (the “Issuer”). Capitalized terms not defined elsewhere herein shall have the meanings set
forth in Article I.

RECITALS:

1. FHLBank has requested that the Issuer issue approximately $36,000,000 principal amount of
Taxable Industrial Revenue Bonds (Federal Home Loan Bank of Topeka Project), Series 2017 (the
“Bonds”), pursuant to the Bond Trust Indenture of even date herewith (the “Bond Indenture”) between
the Issuer and BOKF, N.A., as trustee (the “Bond Trustee”) for the purpose of providing funds to
(a) acquire, construct and equip a commercial facility to be located in the Menninger Subdivision
in Topeka, Kansas (collectively, the “Project”), and (b) pay certain costs related to the issuance
of the Bonds.

2. In order to satisfy the requirements of the Act, the Issuer proposes to purchase and
acquire a leasehold interest in the Project pursuant to this Base Lease Agreement and proposes to
sublease the Project to FHLBank pursuant to the Lease Agreement dated as of June 1, 2017, between
the Issuer, as sublessor, and FHLBank, as sublessee (the “Lease Agreement”), for rentals which will
be sufficient to provide for the payment of the principal, redemption premium, if any, and interest
on the Bonds.

3. FHLBank proposes to lease the Project to the Issuer and the Issuer desires to lease the
Project from FHLBank upon the terms and conditions and for the purposes set forth herein.

NOW, THEREFORE, for and in consideration of the premises and the mutual covenants hereinafter
contained, the parties hereto agree as follows:

ARTICLE I

DEFINITIONS

Section 1.1. Definitions. The terms used herein and not otherwise defined herein shall have
the meanings assigned to them in the Bond Indenture.

ARTICLE II

REPRESENTATIONS

Section 2.1. Representations by Bank. FHLBank represents and warrants that:

(a) FHLBank is duly organized and existing under the laws of the United States of America (12
U.S.C. §§1421 et seq.), has power and authority to own its properties and carry on its business as
now being conducted, and is duly qualified to do such business in the State of Kansas and wherever
else such qualification is required.

(b) Neither the execution and delivery of this Base Lease Agreement, the consummation of the
transactions contemplated hereby, nor the fulfillment of or compliance with the terms and
conditions of this Base Lease Agreement conflicts with or results in a breach of the terms,
conditions or provisions of any restriction or any agreement or instrument to which it is now a
party or by which it is bound, or constitutes a default under any of the foregoing.

(c) FHLBank is the owner of the Project.

Section 2.2. Representations by Issuer. The Issuer represents and warrants that:

(a) The Issuer is a body corporate and politic organized and existing under the laws of the
State of Kansas. Under the provisions of the Act, the Issuer has lawful power and authority to
enter into the transactions contemplated by this Base Lease Agreement and to carry out its
obligations hereunder. The Issuer has been duly authorized to execute and deliver this Base Lease
Agreement, acting by and through its duly authorized officers. The Issuer agrees that it will do
or use its best efforts to cause to be done all things necessary to preserve and keep in full force
and effect the Issuer’s existence.

(b) The Issuer is authorized, and has taken all necessary action, to issue the Bonds to
provide funds for the purposes set forth in the Bond Indenture, and proposes by the Lease Agreement
to sublease the Project to FHLBank.

(c) No member of the governing body of the Issuer or any other officer of the Issuer has any
significant or conflicting interest, financial, employment or otherwise, in FHLBank or in the
transactions contemplated hereby.

ARTICLE III

LEASE OF THE PROJECT

Section 3.1. Lease of the Project. FHLBank hereby, rents, leases and lets to the Issuer
FHLBank’s interest in the Project, which Project is described on Exhibit A, attached hereto
and incorporated herein, and the Issuer rents, leases and hires the Project from FHLBank, for
rentals and upon and subject to the terms and conditions herein set forth, for a term commencing on
the date hereof and ending on December 31, 2027; provided, however, this Base Lease Agreement shall
remain in full force and effect so long as any obligation of FHLBank under the Lease Agreement
shall be outstanding and so long as the Lease Agreement shall remain in effect (the “Lease Term”),
unless sooner terminated in a manner provided for herein, provided that FHLBank shall not exercise
any right so reserved in any manner that will interfere with any rights of the Issuer hereunder.

ARTICLE IV

QUIET ENJOYMENT; RENTAL PROVISIONS

Section 4.1. Quiet Enjoyment. FHLBank hereby covenants and agrees that it will not take any
action, other than pursuant to Article V, VII or VIII of this Base Lease Agreement, to prevent the
Issuer from having quiet and peaceable possession and enjoyment of the Project during the Lease
Term and will, at the request of the Issuer, and at the expense of FHLBank, cooperate with the
Issuer in order that the Issuer may have quiet and peaceable possession and enjoyment of the
Project and will defend the Issuer’s enjoyment thereof against all parties.

Section 4.2. Consideration and Rentals. The Issuer shall deposit the proceeds from the sale
of the Bonds with the Bond Trustee in accordance with the Bond Indenture. Such deposit shall
constitute full and complete payment of all rentals due hereunder and following such deposit the
Issuer shall not have any obligation to make any payments to any Person in connection with this
Base Lease Agreement.

Section 4.3. Sublease by Issuer. It is understood and agreed by the Issuer and FHLBank that
the Issuer will sublease the Project to FHLBank pursuant to the Lease Agreement. The Issuer shall
at no time agree to any amendment or modification of the provisions of the Lease Agreement without
the prior written consent of FHLBank and the Bond Trustee.

Section 4.4. Payment of Taxes. FHLBank, subject to the conditions in Article V of the Lease,
covenants and agrees that it will, from time to time, promptly pay and discharge or cause to be
paid and discharged when due and prior to delinquency all taxes, assessments and other governmental
charges lawfully imposed upon the Project or any part thereof or upon the income and profits
thereof.

ARTICLE V

SPECIAL COVENANTS

Section 5.1. Granting of Easements. If no Event of Default under this Base Lease Agreement
shall have happened and be continuing, FHLBank may, to the extent permitted under the Bond
Indenture, at any time or times (a) grant easements, licenses, rights-of-way and other rights or
privileges in the nature of easements with respect to any property included in the Project, or (b)
release existing easements, licenses, rights-of-way and other rights or privileges, all with or
without consideration and upon such terms and conditions as FHLBank shall determine. The Issuer
agrees that it will execute and deliver or will cause and direct the Bond Trustee to execute and
deliver any instrument necessary or appropriate to confirm and grant or release any such easement,
license, right-of-way or other right or privilege or any such agreement or other arrangement, upon
receipt by the Issuer and the Bond Trustee of (i) a copy of the instrument of grant or release or
of the agreement or other arrangement, (ii) a written application signed by FHLBank Representative
requesting such instrument, and (iii) a certificate executed by FHLBank Representative stating that
such grant or release is not detrimental to the proper conduct of the business of FHLBank, is
permitted by the Bond Indenture, will not impair the effective use or interfere with the efficient
and economical operation of the Project, and will not materially adversely affect the security
intended to be given by or under the Bond Indenture.

Section 5.2. Indemnification. (a) FHLBank releases the Issuer from, agrees that the Issuer
shall not be liable for, and indemnifies the Issuer against, all liabilities, losses, damages
(including reasonable attorneys’ fees), causes of action, suits, claims, costs and expenses,
demands and judgments of any nature imposed upon or asserted against the Issuer on account of: (i)
any loss or damage to property or injury to or death of or loss by any person that may be
occasioned by any cause whatsoever pertaining to the construction, maintenance, operation and use
of the Project; (ii) any breach or default on the part of FHLBank in the performance of any
covenant or agreement of FHLBank under the Transaction Documents, or any related document, or
arising from any act or failure to act by FHLBank, or any of its agents, contractors, servants,
employees or licensees; (iii) violation of any law, ordinance or regulation affecting the Project
or a part thereof or the ownership, occupancy or use thereof; (iv) the authorization, issuance and
sale of the Bonds, and the provision of any information furnished in connection therewith
concerning the Project or FHLBank (including, without limitation, any information furnished by
FHLBank for inclusion in, or as a basis for preparation of, the information statements filed by the
Issuer) or arising from (1) any errors or omissions of any nature whatsoever such that the Bonds,
when delivered to the owners thereof, are not validly issued and binding obligations of the Issuer
or (2) any fraud or misrepresentations or omissions contained in the proceedings of the Issuer
furnished by or attributable to FHLBank relating to the issuance of the Bonds or pertaining to the
financial condition of FHLBank which, if known to the original purchaser, might be considered a
material factor in its decision to purchase the Bonds; and (v) any claim or action or proceeding
with respect to the matters set forth in subsections (i), (ii), (iii) and (iv) above brought
thereon; provided, however, the indemnification contained in this paragraph shall not extend to the
Issuer if such loss, claim, damage, liability or expense is (a) the result of the Issuer’s (or any
employees or agents thereof) negligence or willful misconduct, or (b) the Issuer is not following
the written instructions of FHLBank or the Owner of the Bonds; provided such written instructions
are in furtherance of the covenants set forth in the Transaction Documents and are within the
Issuer’s legal authority.

(b) In case any action or proceeding is brought against the Issuer in respect of which
indemnity may be sought hereunder, the Issuer shall promptly give notice of that action or
proceeding to FHLBank, and FHLBank upon receipt of that notice shall have the obligation and the
right to assume the defense of the action or proceeding; provided, that failure of the Issuer to
give that notice shall not relieve FHLBank from any of its obligations under this Section unless
that failure prejudices the defense of the action or proceeding by FHLBank. The Issuer may employ
separate counsel and participate in the defense at its own expense. FHLBank shall not be liable
for any settlement without its consent.

(c) The indemnification set forth above is intended to and shall include the indemnification
of all affected members of the Board of County Commissioners, officials, officers, attorneys,
accountants, financial advisors, staff and employees of the Issuer. Such indemnification is
intended to and shall be enforceable by the Issuer to the full extent permitted by law.

ARTICLE VI

ASSIGNMENT, SUBLEASING AND MORTGAGING

Section 6.1. No Assignment, Subleasing and Mortgaging of the Project by the Issuer. The
Issuer agrees that, except for the assignment of its interest in the Lease Agreement to the Bond
Trustee pursuant to the Bond Indenture, it will not sell, assign, convey, mortgage, encumber or
otherwise dispose of its interest in this Base Lease Agreement or any part of its interest in the
Project except as permitted by this Base Lease Agreement and the Lease Agreement during the Lease
Term. If the laws of the State of Kansas at the time shall so permit, nothing contained in this
Section shall prevent the consolidation of the Issuer with, or merger of the Issuer into, or
transfer of the complete interest of the Issuer in the Project to, any municipal or public
corporation whose property and income are not subject to taxation and which has corporate authority
to carry on the business of leasing the Project; provided that, upon any such consolidation, merger
or transfer, the due and punctual performance and observance of all the agreements and conditions
of this Base Lease Agreement to be kept and performed by the Issuer, shall be expressly assumed in
writing by such entity resulting from such consolidation or surviving such merger or to which the
Issuer’s complete interest in the Project shall be transferred.

Section 6.2. Subordination to Lender.   The Issuer acknowledges that FHLBank may grant a
mortgage (each, a “Mortgage”) on the Project to a lender (each, a “Mortgagee”) during the term of
this Base Lease Agreement.  The Issuer agrees that in such case this Base Lease Agreement would be
subject to and subordinate to any such Mortgage and that the Mortgagee shall not be required to
grant any rights of nondisturbance with respect to this Base Lease Agreement.  Upon the request of
FHLBank, the Issuer shall provide any additional documentation evidencing such subordination as
required by the Mortgagee.

ARTICLE VII

DEFAULT AND REMEDIES

Section 7.1. Events of Default. An “Event of Default” or “default” shall mean, wherever used
in this Base Lease Agreement, any failure by the Issuer to observe and perform any covenant,
condition or agreement in this Base Lease Agreement on its part to be observed or performed and the
lapse of a period of 60 days after written notice, specifying such failure and requesting that it
be remedied, given to the Issuer and the Bond Trustee by FHLBank, unless FHLBank shall agree in
writing to an extension of such time prior to its expiration.

Section 7.2. Remedies on Default. Whenever an Event of Default specified in Section 7.1
hereof shall have happened and be continuing, FHLBank shall have the option to provide for the
termination of this Base Lease Agreement in the manner provided in Article VIII. The Issuer and
FHLBank shall each be entitled to specific performance and injunctive or other equitable relief for
any breach or threatened breach of any of the provisions of this Base Lease Agreement,
notwithstanding availability of an adequate remedy at law, and each party hereby waives the right
to raise such defense in any proceeding in equity; provided, however, no remedy shall be exercised
against such party in any manner which may impair the payment of principal of, premium, if any, or
interest on any of the Bonds.

Section 7.3. Performance by Issuer. The Issuer shall not be obligated to take any action or
execute any instrument pursuant to any provision hereof until it shall have been requested to do so
by FHLBank in writing, or shall have received the instrument to be executed, and at the Issuer’s
option shall have received from FHLBank assurance or indemnity satisfactory to the Issuer that the
Issuer shall be reimbursed for its reasonable expenses incurred or to be incurred in connection
with taking such action or executing such instrument. Nothing in this Section is intended to imply
that the Issuer must take any action or execute any instrument unless specifically required to do
so by this Base Lease Agreement.

ARTICLE VIII

EARLY TERMINATION OF THIS BASE LEASE AGREEMENT

Section 8.1. Early Termination of this Base Lease Agreement.

In the event FHLBank shall cause all of the Bonds to be paid in the manner set forth in
Article X of the Bond Indenture, FHLBank shall be entitled to terminate this Base Lease Agreement
prior to the end of the Lease Term upon written notice to the Issuer and the Bond Trustee. Upon
such termination the Issuer shall deliver to FHLBank any instruments which may be reasonably
required by FHLBank to evidence such termination and the relinquishment of all of the Issuer’s
rights and interest in the Project and in this Base Lease Agreement.

ARTICLE IX

MISCELLANEOUS

Section 9.1. Notices. All notices, certificates or other communications hereunder shall be
sufficiently given and shall be deemed given to the appropriate notice address by the methods set
forth in the Bond Indenture. A duplicate copy of each notice, certificate or other communication
given hereunder by either the Issuer or FHLBank to the other shall also be given to the Bond
Trustee and to the Original Purchaser. A duplicate copy of each notice given by the Issuer or
FHLBank or either of them to the Bond Trustee shall also be given to the other party hereto. The
Issuer, FHLBank and the Bond Trustee may, by notice given hereunder, designate any further or
different addresses to which subsequent notices, certificates or other communications shall be
sent.

Section 9.2. Binding Effect. This Base Lease Agreement shall inure to the benefit of and
shall be binding upon Issuer, FHLBank and their respective successors and assigns. The Bond
Trustee shall be third-party beneficiary of this Base Lease Agreement.

Section 9.3. Severability. In the event any provision of this Base Lease Agreement shall be
held invalid or unenforceable by any court of competent jurisdiction, such holding shall not
invalidate or render unenforceable any other provision hereof.

Section 9.4. Amounts Remaining in Funds and Accounts. It is agreed by the parties hereto that
any amounts remaining in the Funds and Accounts under the Bond Indenture upon (i) expiration or
sooner termination of this Base Lease Agreement as provided herein or after payment in full of the
Bonds (or provision for payment thereof having been made in accordance with the provisions of the
Bond Indenture), and (ii) payment of fees and expenses of the Bond Trustee in accordance with the
Bond Indenture, shall be paid in accordance with the provisions of the Bond Indenture.

Section 9.5. Amendments, Changes and Modifications. Subsequent to the issuance of the Bonds
and prior to their payment in full (or provision for the payment thereof having been made in
accordance with the provisions of Article X of the Bond Indenture), this Base Lease Agreement may
not be effectively amended, changed, modified, altered or terminated without the written consent of
the parties hereto and the Bond Trustee and the Bondowner.

Section 9.6. Execution in Counterparts. This Base Lease Agreement may be simultaneously
executed in several counterparts, each of which shall be an original and all of which shall
constitute but one and the same instrument.

Section 9.7. Applicable Law. This Base Lease Agreement shall be governed by and construed in
accordance with the laws of the State of Kansas.

Section 9.8. Electronic Storage. The parties agree that the transactions described herein may
be conducted and related documents may be received, sent or stored by electronic means. Copies,
telecopies, facsimiles, electronic files, and other reproductions of original executed documents
shall be deemed to be authentic and valid counterparts of such original documents for all purposes,
including the filing of any claim, action or suit in the appropriate court of law.

Section 9.9. Captions. The captions or headings in this Base Lease Agreement are for
convenience only and in no way define, limit or describe the scope or intent of any provisions or
sections of this Base Lease Agreement.

IN WITNESS WHEREOF, the Issuer has caused this Base Lease Agreement to be executed in its
name and its seal to be hereunto affixed and attested by its duly authorized officers and FHLBank
has caused this Base Lease Agreement to be executed in its name and attested by its duly authorized
officers all as of the date first above written.

Federal Home Loan Bank of Topeka, as Investor

By:       /s/ Patrick C. Doran      

	 	 	 	 	 
	 	 	Name:	 	 	Patrick C. Doran
	 	 	Title:	 	 	Executive Vice President, Chief Compliance Officer
	 	 	 	 	 	And General Counsel

ACKNOWLEDGMENT

	 	 	 
	STATE OF KANSAS

COUNTY OF SHAWNEE

	 	)

) SS.

)

On this day       19       of June, 2017, before me, the undersigned, a Notary Public, appeared Patrick C.
Doran who being before me duly sworn did say that he is Executive Vice President, Chief Compliance
Officer and General Counsel of the Federal Home Loan Bank of Topeka, a federally chartered
corporation existing under the laws of the United States of America and authorized to do business
in Kansas, and that said instrument was signed on behalf of said entity, and said official
acknowledged said instrument to be executed for the purposes therein stated and as the free act and
deed of said entity.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal, the day and year
last above written.

      /s/ Eric K. Jennings      

Notary Public in and for said State

My commission expires:      05/24/20      

1

SHAWNEE COUNTY, KANSAS

(Seal)

      /s/ Robert E. Archer      

Robert E. Archer, Chairman

ATTEST:

      /s/ Cynthia A. Beck—     

Cynthia A. Beck, County Clerk

ACKNOWLEDGMENT

	 	 	 
	STATE OF KANSAS

COUNTY OF SHAWNEE

	 	)

) SS.

)

On this day       13th       of June, 2017, before me, the undersigned, a Notary
Public, appeared Robert E. Archer, to me personally known, who being by me duly sworn, did say that
he is the Chairman of the Board of County Commissioners of SHAWNEE COUNTY, KANSAS, a body corporate
and politic duly authorized, incorporated and existing under and by virtue of the laws of the State
of Kansas and that said instrument was signed on behalf of said County by authority of its
Governing Body, and said officer acknowledged said instrument to be executed for the purposes
therein stated and as the free act and deed of said Board.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal, the day and year
last above written.

      /s/ Jane Rezac      

Notary Public in and for said State

My commission expires:      3/26/2021      

EXHIBIT A

Description of the Project

All buildings, improvements, equipment, furnishings and machinery owned or leased by FHLBank
and paid for in whole or in part with the proceeds of the Bonds and located or to be located on the
following property:

LEGAL DESCRIPTION

Lot 1 and Lot 2, Block A, Menninger Foundation Subdivision No. 2, Topeka, Shawnee County, Kansas as
recorded in Book 53, Pages 58 and 59 at the office of the Shawnee County, Kansas Register of Deeds
office.

2

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