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Year of Interest Year of Interest Maturity Rate Maturity Rate 2025 5.00% 2031 5.00% 2026 5.00 2032 5.00 2027 5.00 2033 5.00 2028 5.00 2034 4.00 2029 5.00 2035 4.00 2030 5.00 2039* 4.00 *Term Bond 2.03. Purchase Contract. Any amount paid by the Purchaser over the minimum purchase price shall be credited to the Debt Service Fund hereinafter created, or deposited in the accounts in the Construction Fund hereinafter created, as determined by the City Finance Director after consultation with the City's municipal advisor. The City Finance Director is directed to retain the good faith deposit of the Purchaser, pending completion of the sale of the Bonds. The Mayor and City Clerk are authorized to execute a contract with the Purchaser on behalf of the City, if requested by the Purchaser. 2.04. Terms and Principal Amount of Bonds. The City will forthwith issue and sell the Bonds pursuant to the Improvement Act and the Utility Act (collectively, the "Act"), in the total principal amount of $4,665,000, originally dated the date of delivery, in fully registered form, in denominations of $5,000 each or any integral multiple thereof, numbered No. R-1 and upward, bearing interest as above set forth, and maturing serially on February 1 in the years and amounts as follows: Year Amount Year Amount 2025 $ 30,000 2031 $455,000 2026 360,000 2032 475,000 2027 375,000 2033 500,000 2028 395,000 2034 530,000 2029 410,000 2035 550,000 2030 430,000 2039* 155,000 *Term Bond As may be requested by the Purchaser, one or more term Bonds (the "Term Bonds") may be issued having mandatory sinking fund redemption and final maturity amounts conforming to the foregoing principal repayment schedule, and corresponding additions may be made to the provisions of the applicable Bond(s). LA515-142-950087.v2