0000863110-19-000019 Sample Contracts

October 8, 2019 Mr. David Spacht, CFO Artesian Water Company Newark, DE 19702 Dear Mr. Spacht:

Fixed Rate Agreement • October 11th, 2019 • Artesian Resources Corp • Water supply

• Contract Type
  Fixed Rate Agreement
• Filed
  October 11th, 2019
• Company
  Artesian Resources Corp
• Industry
  Water supply

The purpose of this letter is to confirm the agreement between CoBANK, ACB ("CoBank") and Artesian Water Company. (the "Company") regarding the forward setting of a fixed rate for funds in the amount described below. The terms of our agreement are as follows: