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BOND PURCHASE AGREEMENT <br /> City of Batesville, Arkansas December 22, 2009 <br /> Attention: Mayor <br /> Ladies and Gentlemen: <br /> Certain terms used in this Bond Purchase Agreement are defined as follows: <br /> Issuer: City of Batesville, Arkansas <br /> Principal Amount: $6,300,000 <br /> Principal <br /> Forgiveness: $6,300,000 <br /> Interest Rate: 1.50% <br /> Financing Fee 1% per annum of the outstanding principal amount of the Bond (see <br /> Exhibit A) <br /> Bond: City of Batesville, Arkansas Water and Sewer System Revenue Bond, <br /> Series 2010 <br /> �r Bond Counsel: Friday, Eldredge & Clark, LLP <br /> Bond Ordinance: Ordinance No. of the Issuer, adopted December 22, 2009, under <br /> which the Bond is to be issued and secured. <br /> Rate Ordinances: The ordinances of the Issuer pursuant to which the rates are fixed for <br /> services of the System and System Revenues are collected. <br /> System Revenues: Revenues of the Issuer's Water and Sewer System. <br /> Administration Fee: $-0- <br /> Issuer's Notice City of Batesville, Arkansas <br /> Address: 500 E. Main Street <br /> Batesville, Arkansas 72501 <br /> Attn: Mayor <br /> Closing: 10:00 a.m., prevailing local time, on January 29, 2010, or at such other <br /> time or on such earlier or later date as is mutually agreed upon, at the <br /> offices of Bond Counsel in Little Rock,Arkansas. <br />