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6. Little Canada agrees that, for purposes of Section 265 of the Code, the $5,000,000 <br />principal amount of the Bonds bears a reasonable relationship to the benefits to be received by <br />Little Canada by virtue of the issuance of the Bonds. <br />7. The Port Authority, on behalf of itself and Little Canada pursuant to this <br />Agreement, will designate the entire $5,000,000 principal amount of the Bonds as "qualified tax - <br />exempt obligations" for purposes of Section 265 of the Code at or before the time of issuance of <br />the Bonds. <br />8. This Agreement shall terminate upon the retirement or defeasance of the last <br />outstanding Bonds and this Agreement may not be terminated in advance of such retirement or <br />defeasance. <br />9. This Agreement may be executed in counterparts, each of which shall be an <br />original, but such counterparts shall together constitute but one and the same instrument. <br />2570839 <br />3 <br />7 <br />