Common use of The Bonds Clause in Contracts

The Bonds. The Current Interest Bonds shall be dated their date of delivery and shall mature on August 1 in the years shown on Exhibit A hereto and be subject to optional[, extraordinary] and mandatory redemption all as shown on Exhibit A hereto. The Capital Appreciation Bonds shall be dated their date of delivery and shall mature on August 1 in the years shown on Exhibit A hereto and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Convertible Capital Appreciation Bonds shall be dated their date of delivery, shall accrete interest to their Conversion Dates at the rates, shall bear interest from and after their Conversion Dates at the rates, shall convert to current interest bonds on the Conversion Dates and shall mature on August 1 in the years and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Bonds shall be issued and secured pursuant to the provisions of the Resolution of the District adopted on , 2011 (the “District Resolution”) and the Resolution of the Board of Supervisors of the County adopted , 2011 (the “County Resolution” and, collectively with the District Resolution, the “Resolutions”) and California Government Code Section 53506 et seq., including Section 53508.7 thereof, and California Education Code Section 15140 (the “Act”). The Bonds were authorized under and pursuant to a bond authorization approved by more than fifty-five percent (55%) of the voters of the District voting at an election held on November 2, 2010 (the “Election”) approving an amount not more than $169,300,000 of general obligation bonds of the District. The Bonds are being issued to finance the repair, renovation, construction, acquisition and improvement of school facilities. The Bonds shall be executed and delivered under and in accordance with the provisions of this Purchase Agreement and the Resolutions. The Bonds shall be in book-entry form, shall bear CUSIP numbers, shall be in fully registered form, registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York; the Bonds shall initially be in authorized denominations of $5,000 principal or maturity value each or any integral multiple thereof. [The payment of principal of and interest on the Bonds will be secured by a municipal bond insurance policy (the “Policy”) to be issued simultaneously with the issuance of the Bonds by (the “Insurer”).]

The Bonds. The Current Interest Bonds shall be issued pursuant to Article 4.5 of Chapter 3 of Part 1 of Division 2 of Title 5 of the California Government Code and other applicable law, in accordance with Resolution No. [ ] of the Board of Education of the District, adopted on [June 25], 2019 (the “Resolution”), and pursuant to the terms of that certain Paying Agent Agreement, dated as of [August] 1, 2019 (the “Paying Agent Agreement”), to be entered into by and between the District and U.S. Bank National Association, as paying agent (the “Paying Agent”) with respect to the Bonds. The Bonds shall conform in all respects to the terms and provisions set forth in the Resolution, the Paying Agent Agreement, and in Appendix A to this Purchase Contract. The Bonds shall be dated their the date of delivery delivery, and shall mature on August 1 in each of the years years, in the principal amounts, and pay interest at the rates shown in Appendix A. Interest on Exhibit A hereto and be subject to optional[, extraordinary] and mandatory redemption all as shown on Exhibit A hereto. The Capital Appreciation the Bonds shall be dated their date of delivery payable on [February 1, 2020], and shall mature thereafter on February 1 and August 1 in the years shown on Exhibit A hereto and each year until maturity. [The Bonds shall be subject to optional and mandatory sinking fund redemption all as shown on Exhibit A hereto. The Convertible Capital Appreciation Bonds shall be dated their date of delivery, shall accrete interest to their Conversion Dates the terms and at the rates, shall bear interest from and after their Conversion Dates at the rates, shall convert to current interest bonds on the Conversion Dates and shall mature on August 1 times shown in the years and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. Appendix A.] The Bonds shall be issued in full book-entry form and secured pursuant to otherwise be as described in the provisions of the Resolution preliminary Official Statement of the District adopted on with respect thereto, 2011 dated [POS Date] (the “District Resolution”) and the Resolution of the Board of Supervisors of the County adopted , 2011 (the “County Resolution” and, collectively with the District Resolution, the “Resolutions”) and California Government Code Section 53506 et seq., including Section 53508.7 thereof, and California Education Code Section 15140 (the “ActPreliminary Official Statement”). The Bonds were authorized under and pursuant to a bond authorization approved by more than fifty-five percent (55%) One fully registered certificate for each maturity of the voters of the District voting at an election held on November 2, 2010 (the “Election”) approving an amount not more than $169,300,000 of general obligation bonds of the District. The Bonds are being issued to finance the repair, renovation, construction, acquisition and improvement of school facilities. The Bonds shall will be executed prepared and delivered under and as described in accordance with the provisions of this Purchase Agreement and the Resolutions. The Bonds shall be in book-entry form, shall bear CUSIP numbers, shall be in fully registered formSection 8 hereof, registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York; NY (“DTC”), and will be made available to the Underwriters for inspection at such place as may be mutually agreed to by the Underwriters and the District, not less than one business day prior to the Closing Date, as defined in Section 8 hereof. The Underwriters shall order CUSIP identification numbers and the District shall cause such CUSIP identification numbers to be printed on the Bonds, but neither the failure to print such number on any Bond nor any error with respect thereto shall constitute cause for a failure or refusal by the Underwriters to accept delivery of and pay for the Bonds shall initially be in authorized denominations of $5,000 principal or maturity value each or any integral multiple thereof. [The payment of principal of and interest on the Bonds will be secured by a municipal bond insurance policy (the “Policy”) to be issued simultaneously accordance with the issuance terms of the Bonds by (the “Insurer”)this Purchase Contract.]

The Bonds. The Current Interest Bonds shall be issued pursuant to Article 4.5 of Chapter 3 of Part 1 of Division 2 of Title 5 of the California Government Code (the “Act”) and other applicable law, in accordance with Resolution No. [ ] of the Board of Education of the District, adopted on April 28, 2020 (the “District Resolution”), and pursuant to the terms of that certain Paying Agent Agreement, dated as of July 1, 2020 (the “Paying Agent Agreement”), to be entered into between the District and the Treasurer and Tax Collector the City and County of San Francisco, as paying agent (the “Paying Agent”) with respect to the Bonds. The Bonds shall conform in all respects to the terms and provisions set forth in the District Resolution, the Paying Agent Agreement, and in Appendix A to this Purchase Contract. The Bonds shall be dated their the date of delivery delivery, and shall mature on August 1 June 15 in each of the years, in the years principal amounts, and pay interest at the rates shown in Appendix A. Interest on Exhibit A hereto and be subject to optional[, extraordinary] and mandatory redemption all as shown on Exhibit A hereto. The Capital Appreciation the Bonds shall be dated their date of delivery payable on [December 15, 2020], and thereafter on June 15 and December 15 in each year until maturity. [The Bonds shall mature on August 1 in the years shown on Exhibit A hereto and be subject to optional and mandatory sinking fund redemption all as shown on Exhibit A hereto. The Convertible Capital Appreciation Bonds shall be dated their date of delivery, shall accrete interest to their Conversion Dates the terms and at the rates, shall bear interest from and after their Conversion Dates at the rates, shall convert to current interest bonds on the Conversion Dates and shall mature on August 1 times shown in the years and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. Appendix A.] The Bonds shall be issued in full book-entry form and secured pursuant to otherwise be as described in the provisions of the Resolution preliminary Official Statement of the District adopted on with respect thereto, 2011 dated [POS Date] (the “District Resolution”) and the Resolution of the Board of Supervisors of the County adopted , 2011 (the “County Resolution” and, collectively with the District Resolution, the “Resolutions”) and California Government Code Section 53506 et seq., including Section 53508.7 thereof, and California Education Code Section 15140 (the “ActPreliminary Official Statement”). The Bonds were authorized under and pursuant to a bond authorization approved by more than fifty-five percent (55%) One fully registered certificate for each maturity of the voters of the District voting at an election held on November 2, 2010 (the “Election”) approving an amount not more than $169,300,000 of general obligation bonds of the District. The Bonds are being issued to finance the repair, renovation, construction, acquisition and improvement of school facilities. The Bonds shall will be executed prepared and delivered under and as described in accordance with the provisions of this Purchase Agreement and the Resolutions. The Bonds shall be in book-entry form, shall bear CUSIP numbers, shall be in fully registered formSection 8 hereof, registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York; NY (“DTC”), and will be made available to the Underwriter for inspection at such place as may be mutually agreed to by the Underwriter and the District, not less than one business day prior to the Closing Date, as defined in Section 8 hereof. The Underwriter shall order CUSIP identification numbers and the District shall cause such CUSIP identification numbers to be printed on the Bonds, but neither the failure to print such number on any Bond nor any error with respect thereto shall constitute cause for a failure or refusal by the Underwriter to accept delivery of and pay for the Bonds shall initially be in authorized denominations of $5,000 principal or maturity value each or any integral multiple thereof. [The payment of principal of and interest on the Bonds will be secured by a municipal bond insurance policy (the “Policy”) to be issued simultaneously accordance with the issuance terms of the Bonds by (the “Insurer”)this Purchase Contract.]

The Bonds. The Current Interest Bonds shall be issued pursuant to Article 4.5 of Chapter 3 of Part 1 of Division 2 of Title 5 of the Government Code of the State of California, and a paying agent agreement by and between the District and , as paying agent (the “Paying Agent Agreement”), and authorized by a resolution of the Board of Trustees of the District, adopted on June 23, 2015 (the “Resolution”). The Bonds shall conform in all respects to the terms and provisions set forth in the Resolution and in this Purchase Contract, including in Appendix A hereto, which is incorporated herein by reference. The Bonds shall be issued in the form of current interest Bonds, as described herein. The Bonds shall be dated their as of the date of delivery delivery, and shall mature on August 1 in each of the years years, in the principal amounts, and pay interest at the rates, shown in Appendix A. Interest on Exhibit A hereto and be subject to optional[, extraordinary] and mandatory redemption all as shown on Exhibit A hereto. The Capital Appreciation the Bonds shall be dated their date of delivery payable on February 1 and shall mature on August 1 of each year, commencing [February 1, 2016]. The Bonds shall otherwise be as described in the years shown on Exhibit A hereto Preliminary Official Statement of the District with respect to the Bonds, dated , 2015 (together with the appendices thereto, any documents incorporated therein by reference, and any supplements or amendments thereto, the “Preliminary Official Statement”). To the extent the terms of the bonds set forth in this agreement may conflict with the Preliminary Official Statement, the Preliminary Official Statement shall control. The Bonds shall be subject to optional and mandatory sinking fund redemption all as shown on Exhibit A hereto. The Convertible Capital Appreciation Bonds shall be dated their date of delivery, shall accrete interest to their Conversion Dates the terms and at the rates, shall bear interest from and after their Conversion Dates at the rates, shall convert to current interest bonds on the Conversion Dates and shall mature on August 1 times shown in the years and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Bonds shall be issued and secured pursuant to the provisions of the Resolution of the District adopted on , 2011 (the “District Resolution”) and the Resolution of the Board of Supervisors of the County adopted , 2011 (the “County Resolution” and, collectively with the District Resolution, the “Resolutions”) and California Government Code Section 53506 et seq., including Section 53508.7 thereof, and California Education Code Section 15140 (the “Act”). The Bonds were authorized under and pursuant to a bond authorization approved by more than fifty-five percent (55%) of the voters of the District voting at an election held on November 2, 2010 (the “Election”) approving an amount not more than $169,300,000 of general obligation bonds of the District. The Bonds are being issued to finance the repair, renovation, construction, acquisition and improvement of school facilities. The Bonds shall be executed and delivered under and in accordance with the provisions of this Purchase Agreement and the Resolutions. Appendix A. The Bonds shall be in full book-entry form, shall bear CUSIP numbers, shall be in . One fully registered formcertificate for each maturity of the Bonds will be prepared and delivered as described in Section 8 hereof, registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York; NY (“DTC”), and will be made available to the Underwriter for inspection at such place as may be mutually agreed to by the Underwriter and the District, not less than one business day prior to the Closing Date, as defined in Section 8 hereof. The Underwriter shall order CUSIP identification numbers and the District shall cause such CUSIP identification numbers to be printed on the Bonds, but neither the failure to print such number on any Bond nor any error with respect thereto shall constitute cause for a failure or refusal by the Underwriter to accept delivery of and pay for the Bonds shall initially be in authorized denominations of $5,000 principal or maturity value each or any integral multiple thereof. [The payment of principal of and interest on the Bonds will be secured by a municipal bond insurance policy (the “Policy”) to be issued simultaneously accordance with the issuance terms of the Bonds by (the “Insurer”)this Purchase Contract.]

The Bonds. The Current Interest Bonds shall be dated their date of delivery and (the “Date of Delivery”). The Bonds shall mature on August 1 in the years shown on Exhibit A hereto dates and be subject to optional[, extraordinary] and mandatory redemption all as shown on Exhibit Appendix A hereto. The Capital Appreciation Bonds , shall otherwise be dated their date of delivery and shall mature on August 1 as described in the years shown on Exhibit A hereto Official Statement (as defined herein), and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Convertible Capital Appreciation Bonds shall be dated their date of delivery, shall accrete interest to their Conversion Dates at the rates, shall bear interest from and after their Conversion Dates at the rates, shall convert to current interest bonds on the Conversion Dates and shall mature on August 1 in the years and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Bonds shall be issued and secured pursuant to the provisions of the Resolution resolution adopted by the Board of Trustees of the District adopted on February 9, 2011 2022 (the “District Resolution”) ), and the Resolution Articles 9 and 11 of Chapter 3 of Part 1 of Division 2 of Title 5 of the Board of Supervisors of the County adopted , 2011 (the “County Resolution” and, collectively with the District Resolution, the “Resolutions”) and California Government Code Section 53506 et seq., including Section 53508.7 thereof, and California Education Code Section 15140 (the “Act”). The Bonds were authorized under and pursuant to a bond authorization approved by more than fifty-five percent (55%) of the voters of the District voting at an election held on November 2, 2010 (the “Election”) approving an amount not more than $169,300,000 of general obligation bonds of the District. The Bonds are being issued to finance the repair, renovation, construction, acquisition and improvement of school facilities. The Bonds shall be executed and delivered under and in accordance with the provisions of this Purchase Agreement Contract and the ResolutionsResolution. The Bonds shall be in book-entry form, shall bear CUSIP numbers, and shall be in fully registered book-entry form, registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York; the York (“DTC”). The Bonds shall initially be in authorized denominations of Five Thousand Dollars ($5,000 5,000) principal amount or maturity value each Maturity Value, as applicable, or any integral multiple thereof. [The payment Paying Agent for the Bonds, as designated by the Resolution, shall be Bank of New York Mellon Trust Company, N.A. The net proceeds of the Series A Bonds will be used to currently refund a portion of the District’s outstanding Election of 2006 General Obligation Bonds, Series B (the “2006 Series B Bonds”) on a tax-exempt basis. The net proceeds of the Series B Bonds will be used to advance refund a portion of the District’s outstanding (i) 2006 Series B Bonds and (ii) 2015 General Obligation Refunding Bonds (the “2015 Refunding Bonds,” and together with the 2006 Series B Bonds, the “Refunded Bonds”) on a taxable basis. Pursuant to an escrow agreement dated as of March 1, 2022 (the “Escrow Agreement”), by and between the District and The Bank of New York Mellon Trust Company, N.A., as escrow agent (the “Escrow Agent”), the net proceeds of the Bonds will be deposited into an escrow fund held pursuant to the Escrow Agreement and invested in certain Federal Securities, as such term is defined in the Resolution, the principal of and interest on the Bonds will which shall be secured by a municipal bond insurance policy (the “Policy”) to be issued simultaneously used, together with funds deposited with the issuance Escrow Agent as cash, to pay the redemption prices of the Refunded Bonds by (the “Insurer”)on their first respective available redemption dates, and interest due thereon on and before such dates.]

The Bonds. The Current Interest Bonds shall be dated their date of delivery and shall mature on August 1 United States Government Guaranteed Ship Financing Bonds, Q4000 Series, due February 1, 2027, referred to above (collectively, the “Bonds”) in the years shown on Exhibit A aggregate principal amount set forth opposite your name in Schedule I hereto are proposed to be issued and be subject to optional[, extraordinary] sold by the Shipowner upon fulfillment of the terms and mandatory redemption all as shown on Exhibit A hereto. The Capital Appreciation Bonds shall be dated their date of delivery and shall mature on August 1 in the years shown on Exhibit A hereto and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Convertible Capital Appreciation Bonds shall be dated their date of delivery, shall accrete interest to their Conversion Dates at the rates, shall bear interest from and after their Conversion Dates at the rates, shall convert to current interest bonds on the Conversion Dates and shall mature on August 1 in the years and be subject to optional and mandatory redemption all as shown on Exhibit A heretoconditions set forth herein. The Bonds shall will be issued and secured pursuant sold to aid in the provisions refinancing of the Resolution construction of the District adopted on vessel Q4000, 2011 Official Number 1122763 (the “District Resolution”) and the Resolution of the Board of Supervisors of the County adopted , 2011 (the “County Resolution” and, collectively with the District Resolution, the “Resolutions”) and California Government Code Section 53506 et seq., including Section 53508.7 thereof, and California Education Code Section 15140 (the “ActVessel”). The Bonds were authorized under and pursuant to a bond authorization approved by more than fifty-five percent (55%) of the voters of the District voting at an election held on November 2, 2010 (the “Election”) approving an amount not more than $169,300,000 of general obligation bonds of the District. The Bonds are being issued to finance the repair, renovation, construction, acquisition and improvement of school facilities. The Bonds shall be executed and delivered under and in accordance with the provisions of this Purchase Agreement and the Resolutions. The Bonds shall be in book-entry form, shall bear CUSIP numbers, shall will be in fully registered formform only and will bear interest (calculated on the basis of a 360-day year comprised of twelve 30-day months) from the date of issuance at the rate per annum set forth above, registered payable semiannually in the name arrears, on February 1 and August 1 of Cede & Co.each year until maturity, commencing February 1, 2006. The Bonds will be issued pursuant to that certain Trust Indenture, dated as of August 16, 2000, as nominee amended by Supplement No. 1 thereto, dated as of The Depository January 25, 2002, Supplement No. 2 thereto, dated as of November 15, 2002, Supplement No. 3 thereto, dated as of December 14, 2004, and Supplement No. 4 to Trust Indenture, dated as of the Closing Date (as so amended, the “Indenture”) between the Shipowner and Wilmington Trust Company, New Yorka Delaware banking corporation, New York; as Trustee (the “Indenture Trustee”). Proceeds of the Bonds shall initially will be in authorized denominations used to repay the Shipowner’s outstanding indebtedness under a floating rate note, and repay certain items of $5,000 principal or maturity value each or any integral multiple thereofcost, all relating to the financing of the Vessel. [The payment Payment of the principal of and interest on the Bonds will be secured fully and unconditionally guaranteed by a municipal bond insurance policy the United States of America pursuant to the guarantee imprinted by the Indenture Trustee pursuant to that certain Authorization Agreement, dated as of August 16, 2000, as amended by Amendment No. 1 thereto, dated as of January 25, 2002, Amendment No. 2 thereto, dated as of November 15, 2002, and Amendment No. 3 thereto, dated as of the Closing Date (as so amended, the “Authorization Agreement”), on each of the Bonds (the “PolicyGuarantee”) to be issued simultaneously with under Title XX xx xxx Xxxxxxxx Xxxxxx Xxx, 0000, as amended and in effect on the issuance of the Bonds by Closing Date (the “InsurerAct”). Since the Bonds are guaranteed with the full faith and credit of the United States of America, it is understood that you will not independently review the financial condition of the Shipowner and will rely completely on the Secretary’s determination regarding the financial resources and maritime ability of the Shipowner. The Bonds will be offered by a term sheet, dated September 27, 2005, and a Final Offering Circular, dated September 27, 2005 (the “Offering Circular”). Capitalized terms used herein and not defined herein have the meanings ascribed thereto in Schedule A to the Indenture.]

The Bonds. The Current Interest Bonds shall be dated their date of delivery and (the “Date of Delivery”). The Bonds shall mature on August 1 the dates and in the years shown on Exhibit A hereto and be subject to optional[, extraordinary] and mandatory redemption all as shown on Exhibit Appendix A hereto. The Capital Appreciation Bonds , shall otherwise be dated their date of delivery and shall mature on August 1 as described in the years shown on Exhibit A hereto Official Statement (defined herein), and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Convertible Capital Appreciation Bonds shall be dated their date of delivery, shall accrete interest to their Conversion Dates at the rates, shall bear interest from and after their Conversion Dates at the rates, shall convert to current interest bonds on the Conversion Dates and shall mature on August 1 in the years and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Bonds shall be issued and secured pursuant to the provisions of the Resolution resolution adopted by the Board of Trustees of the District adopted on November 18, 2011 2015 (the “District Resolution”) ), and the Resolution Articles 9 and 11 of Chapter 3 of Part 1 of Division 2 of Title 5 of the Board of Supervisors of the County adopted , 2011 (the “County Resolution” and, collectively with the District Resolution, the “Resolutions”) and California Government Code Section 53506 et seq., including Section 53508.7 thereof, and California Education Code Section 15140 (the “Act”). The Bonds were authorized under and pursuant to a bond authorization approved by more than fifty-five percent (55%) of the voters of the District voting at an election held on November 2, 2010 (the “Election”) approving an amount not more than $169,300,000 of general obligation bonds of the District. The Bonds are being issued to finance the repair, renovation, construction, acquisition and improvement of school facilities. The Bonds shall be executed and delivered under and in accordance with the provisions of this Purchase Agreement Contract and the ResolutionsResolution. The Bonds shall be in book-entry form, shall bear CUSIP numbers, and shall be in fully registered book-entry form, registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York; the York (“DTC”). The Bonds shall initially be in authorized denominations of Five Thousand Dollars ($5,000 5,000) principal or maturity value each amount, or any integral multiple thereof. [The payment Paying Agent for the Bonds, as designated by the Resolution, shall be U.S. Bank National Association. The net proceeds of the Bonds will be used to advance refund portions of the District’s outstanding General Obligation Bonds, Election of 2004, Series 2007B and General Obligation Bonds, Election of 2004, Series 2007C (collectively, the “Refunded Bonds”), pursuant to an Escrow Agreement dated as of January 1, 2016 (together, the “Escrow Agreement”), by and between the District and U.S. Bank National Association, as escrow agent (the “Escrow Agent”). The net proceeds of the Bonds will be deposited into an escrow fund held pursuant to the Escrow Agreement and invested in certain Federal Securities, as such term is defined in the Resolution, the principal of and interest on the Bonds will which shall be secured by a municipal bond insurance policy (the “Policy”) to be issued simultaneously used, together with funds deposited with the issuance Escrow Agent as cash, to pay the redemption price of the Refunded Bonds by (the “Insurer”)on their first available redemption date, and interest due thereon on and before such date.]

The Bonds. The Current Interest Bonds shall be dated their date of delivery described in, and shall mature on August 1 in the years shown on Exhibit A hereto and be subject to optional[, extraordinary] and mandatory redemption all as shown on Exhibit A hereto. The Capital Appreciation Bonds shall be dated their date of delivery and shall mature on August 1 in the years shown on Exhibit A hereto and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Convertible Capital Appreciation Bonds shall be dated their date of delivery, shall accrete interest to their Conversion Dates at the rates, shall bear interest from and after their Conversion Dates at the rates, shall convert to current interest bonds on the Conversion Dates and shall mature on August 1 in the years and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Bonds shall be issued and secured pursuant to to, the provisions of the Resolution Constitution and the laws of the District adopted on State of California including the provisions of the Xxxxx-Xxxx Local Bond Pooling Act of 1985, 2011 constituting Article 4 of Chapter 5 (commencing with Section 6584) of Division 7 of Title 1 of the Government Code of the State of California (the “District ResolutionBond Law”) ), and the Resolution Indenture, authorizing the issuance of the Board of Supervisors of the County adopted , 2011 (the “County Resolution” and, collectively with the District Resolution, the “Resolutions”) and California Government Code Section 53506 et seq., including Section 53508.7 thereof, and California Education Code Section 15140 (the “Act”). The Bonds were authorized under and pursuant to a bond authorization approved by more than fifty-five percent (55%) of the voters of the District voting at an election held on November 2, 2010 (the “Election”) approving an amount not more than $169,300,000 of general obligation bonds of the DistrictBonds. The Bonds are being issued for the purpose of funding a reserve fund for the Bonds, to finance acquire from the repairDistrict the District Bonds (as defined in the Indenture) being issued by the District pursuant to the Fiscal Agent Agreement, renovationdated as of [Closing Month] 1, construction2014 (the “Fiscal Agent Agreement”), acquisition by and improvement between the District and Union Bank, N.A., as fiscal agent (the “Fiscal Agent”), and to pay the costs of school facilitiesissuance of the Bonds and the District Bonds. The Bonds are secured by the Revenues (as defined in the Indenture), consisting primarily of amounts received by the Authority from the District pursuant to the District Bonds. The Bonds shall be executed payable and delivered under shall be subject to redemption as provided in the Indenture and shall be as described in accordance with the provisions Preliminary Official Statement of the Authority, dated [POS Date], 2014 (the “Preliminary Official Statement”), and the Official Statement of the Authority dated of even date herewith. Such Official Statement, including the cover page and the appendices thereto, relating to the Bonds, as amended to conform to the terms of this Purchase Contract and with such changes and amendments thereto as have been mutually agreed to by the Authority, the District and the Underwriter, is hereinafter referred to as the “Official Statement.” This Purchase Contract and the Indenture are referred to herein as the “Authority Documents.” This Purchase Contract, the Fiscal Agent Agreement and the Resolutions. The Bonds shall be in book-entry formContinuing Disclosure Agreement, shall bear CUSIP numbersdated as of [Closing Month] 1, shall be in fully registered form, registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York; the Bonds shall initially be in authorized denominations of $5,000 principal or maturity value each or any integral multiple thereof. [The payment of principal of and interest on the Bonds will be secured by a municipal bond insurance policy 2014 (the “PolicyContinuing Disclosure Agreement”) ), by and between the District and Union Bank, N.A., as dissemination agent, are referred to be issued simultaneously with the issuance of the Bonds by (herein as the “InsurerDistrict Documents.”).]

The Bonds. The Current Interest Bonds shall be dated their date of delivery and shall mature on August 1 United States Government Guaranteed Ship Financing Obligations, 7500 Series, due December 1, 2015, referred to above (collectively the “Bonds”) in the years shown on Exhibit A aggregate principal amount set forth opposite your name in Schedule I hereto and be subject are proposed to optional[, extraordinary] and mandatory redemption all as shown on Exhibit A hereto. The Capital Appreciation Bonds shall be dated their date of delivery and shall mature on August 1 in the years shown on Exhibit A hereto and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Convertible Capital Appreciation Bonds shall be dated their date of delivery, shall accrete interest to their Conversion Dates at the rates, shall bear interest from and after their Conversion Dates at the rates, shall convert to current interest bonds on the Conversion Dates and shall mature on August 1 in the years and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Bonds shall be issued and secured pursuant to sold by the provisions Shipowner upon fulfillment of the Resolution terms and conditions set forth herein. Such Bonds will be issued and sold to aid in financing the construction of the District adopted on , 2011 one semi-submersible drilling unit now known as ENSCO 7500 (the “District Resolution”) and the Resolution of the Board of Supervisors of the County adopted , 2011 (the “County Resolution” and, collectively with the District Resolution, the “Resolutions”) and California Government Code Section 53506 et seq., including Section 53508.7 thereof, and California Education Code Section 15140 (the “ActVessel”). The Vessel will be owned by the Shipowner. Such Bonds were authorized under and pursuant to a bond authorization approved by more than fifty-five percent (55%) of the voters of the District voting at an election held on November 2, 2010 (the “Election”) approving an amount not more than $169,300,000 of general obligation bonds of the District. The Bonds are being issued to finance the repair, renovation, construction, acquisition and improvement of school facilities. The Bonds shall be executed and delivered under and in accordance with the provisions of this Purchase Agreement and the Resolutions. The Bonds shall will be in book-entry formform only and will bear interest (calculated on the basis of a 360-day year comprised of twelve 30-day months) from the date of issuance at 6.36 % per annum. Interest is payable semi-annually, shall bear CUSIP numberson June 1 and December 1 of each year until maturity, shall commencing June 1, 2001. The Bonds will be in fully registered formissued under a Trust Indenture (the “Indenture”), registered in dated as of December 15, 1999, between the name of Cede & Co., as nominee of The Depository Shipowner and Bankers Trust Company, a New YorkYork banking corporation, New York; as trustee (the Bonds shall initially be in authorized denominations “Indenture Trustee”), as supplemented by Supplement No. 1 to Trust Indenture. Payment of $5,000 principal or maturity value each or any integral multiple thereof. [The payment of the principal of and interest on the Bonds will be secured fully and unconditionally guaranteed by a municipal bond insurance policy the United States of America pursuant to the guarantee imprinted on the Bonds (the “PolicyGuarantee”) under Title XI (“Title XI”) of the Merchant Marine Act, 1936, as amended and in effect on the Closing Date (the “Act”). The aggregate principal amount of the Bonds to be issued simultaneously with and sold by the issuance Shipowner on the Closing Date (as hereinafter defined) shall not exceed the aggregate principal amount of Bonds eligible for the Guarantees, as determined by the Secretary of Transportation, acting by and through the Maritime Administrator (the “Secretary”). The Guarantees will be endorsed on the Bonds by the Indenture Trustee on behalf of the United States of America pursuant to the authorization contained in the Authorization Agreement (as amended through the Closing Date, the “Authorization Agreement”) between the United States of America and the Indenture Trustee. Title XI provides that the full faith and credit of the United States of America is pledged to the payment of the Guarantees; that the Guarantees are conclusive evidence of the eligibility of the Bonds for such Guarantees and that the Secretary must find, prior to entering into a commitment to guarantee the Bonds, that the property or project financed by the Bonds will be, in his opinion, economically sound. Title XI also provides that the Secretary, prior to guaranteeing the Bonds, must approve the Shipowner as being responsible and possessing the ability, experience, financial resources, and other qualifications necessary for the adequate operation and maintenance of the Vessel. Accordingly, it is understood that you will not have the responsibility to examine or review independently the financial condition (including the financial statements) of the Shipowner and may rely completely on the Secretary’s determination regarding such financial matters. In regard to the sufficiency of instruments (other than the Authorization Agreement, the Indenture, the Guarantees and the Bonds), documents (other than those addressed to you or required by you pursuant to the terms of this Agreement) and other formalities of the closing, it is further understood that you may rely on the Secretary’s determination that the same are sufficient for the Secretary to execute the Guarantees. The Bonds, the Indenture, the Guarantees and the Authorization Agreement shall conform in all material respects to the descriptions thereof contained in the Preliminary Offering Circular, dated January 15, 2001, as amended by the Final Offering Circular (the “InsurerOffering Circular”), with such changes as may be approved by you or your special counsel and the Secretary. 2.]

The Bonds. The Current Interest Bonds shall be dated their date Date of delivery and shall mature on August 1 in the years shown on Exhibit A hereto and be subject to optional[, extraordinary] and mandatory redemption all as shown on Exhibit A hereto. The Capital Appreciation Bonds shall be dated their date of delivery and shall mature on August 1 in the years shown on Exhibit A hereto and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Convertible Capital Appreciation Bonds shall be dated their date of delivery, shall accrete interest to their Conversion Dates at the rates, shall bear interest from and after their Conversion Dates at the rates, shall convert to current interest bonds on the Conversion Dates and shall mature on August 1 in the years and be subject to optional and mandatory redemption all as shown on Exhibit A heretoDelivery. The Bonds shall otherwise be as described in the Official Statement (as defined herein), and shall be issued and secured pursuant to the provisions of the Resolution resolution of the District adopted on March 15, 2011 2021 (the “District Resolution”) ), this Purchase Contract, and the Resolution Articles 9 and 11 of Chapter 3 of Part 1 of Division 2 of Title 5 of the Board of Supervisors of the County adopted , 2011 (the “County Resolution” and, collectively with the District Resolution, the “Resolutions”) and California Government Code Section 53506 et seq., including Section 53508.7 thereof, and California Education Code Section 15140 (the “Act”). The Bonds were authorized under and pursuant to a bond authorization approved by more than fifty-five percent (55%) of the voters of the District voting at an election held on November 2, 2010 (the “Election”) approving an amount not more than $169,300,000 of general obligation bonds of the District. The Bonds are being issued to finance the repair, renovation, construction, acquisition and improvement of school facilities. The Bonds shall be executed and delivered under and in accordance with the provisions of this Purchase Agreement Contract and the ResolutionsResolution. The Bonds shall be in book-entry form, shall bear CUSIP numbers, and shall be in fully registered book-entry form, registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York; the York (“DTC”). The Bonds shall initially be in authorized denominations of Five Thousand Dollars ($5,000 5,000) principal or maturity value each amount, or any integral multiple thereof. [The payment paying agent for the Bonds, as designated by the Resolution, shall be U.S. Bank National Association (the “Paying Agent”). The net proceeds of the Series A Bonds will be used to currently refund the District’s outstanding 2016 General Obligation Refunding Bonds (the “2016 Refunding Bonds”) maturing on August 1, 2040. The net proceeds of the Series B Bonds will be used to advance refund (i) the District’s outstanding 2012 General Obligation Refunding Bonds, maturing on August 1, 20 through and including August 1, 20 (the “2012 Refunding Bonds”), (ii) the District’s outstanding 2014 General Obligation Refunding Bonds maturing on August 1, 20 through and including August 1, 20 (the “2014 Refunding Bonds”), (iii) the District’s outstanding 2015 General Obligation Refunding Bonds maturing on August 1, 20 through and including August 1, 20 (the “2015 Refunding Bonds”) and (iv) the outstanding 2016 Refunding Bonds maturing on August 1, 20 through and including August 1, 20 (and together with the 2012 Refunding Bonds, the 2014 Refunding Bonds, the 2015 Refunding Bonds, and the 2016 Refunding Bonds described above, the “Refunded Bonds”). Pursuant to an escrow agreement dated as of 1, 2021 (the “Escrow Agreement”), by and between the District and U.S. Bank National Association, as escrow agent (the “Escrow Agent”), the net proceeds of the Bonds will be deposited into an escrow fund held pursuant to the Escrow Agreement and invested in certain Federal Securities, as such term is defined in the Resolution, the principal of and interest on which shall be used to pay the Bonds will be secured by a municipal bond insurance policy (the “Policy”) to be issued simultaneously with the issuance redemption prices of the Refunded Bonds by (the “Insurer”)on their first available redemption dates, and interest due thereon on and before such dates.]

The Bonds. The Current Interest Bonds shall be dated their date of delivery described in, and shall mature on August 1 in the years shown on Exhibit A hereto and be subject to optional[, extraordinary] and mandatory redemption all as shown on Exhibit A hereto. The Capital Appreciation Bonds shall be dated their date of delivery and shall mature on August 1 in the years shown on Exhibit A hereto and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Convertible Capital Appreciation Bonds shall be dated their date of delivery, shall accrete interest to their Conversion Dates at the rates, shall bear interest from and after their Conversion Dates at the rates, shall convert to current interest bonds on the Conversion Dates and shall mature on August 1 in the years and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Bonds shall be issued and secured pursuant to to, the provisions of the Resolution Constitution and the laws of the District adopted on State of California including the provisions of the Xxxxx-Xxxx Local Bond Pooling Act of 1985, 2011 constituting Article 4 of Chapter 5 (commencing with Section 6584) of Division 7 of Title 1 of the Government Code of the State of California (the “District ResolutionBond Law”) ), and the Resolution Indenture, authorizing the issuance of the Board of Supervisors of the County adopted , 2011 (the “County Resolution” and, collectively with the District Resolution, the “Resolutions”) and California Government Code Section 53506 et seq., including Section 53508.7 thereof, and California Education Code Section 15140 (the “Act”). The Bonds were authorized under and pursuant to a bond authorization approved by more than fifty-five percent (55%) of the voters of the District voting at an election held on November 2, 2010 (the “Election”) approving an amount not more than $169,300,000 of general obligation bonds of the DistrictBonds. The Bonds are being issued for the purpose of funding a reserve fund for the Bonds, to finance acquire from the repairDistrict the District Bonds (as defined in the Indenture) being issued by the District pursuant to the Fiscal Agent Agreement, renovationdated as of November 1, construction2010 (the “Original Fiscal Agent Agreement”), acquisition by and improvement between the District and Union Bank, N.A., as fiscal agent (the “Fiscal Agent”), as supplemented by a First Supplement to Fiscal Agent Agreement, dated November 1, 2012, by and between the District and the Fiscal Agent (the “First Supplement to Fiscal Agent Agreement,” and, together with the Original Fiscal Agent Agreement, the “Fiscal Agent Agreement”) and to pay the costs of school facilitiesissuance of the Bonds and the District Bonds. The Bonds are secured by the Revenues (as defined in the Indenture), consisting primarily of amounts received by the Authority from the District pursuant to the District Bonds. The Bonds shall be executed payable and delivered under shall be subject to redemption as provided in the Indenture and shall be as described in accordance with the provisions Preliminary Official Statement of the Authority, dated [October/November] _, 2012 (the “Preliminary Official Statement”), and the Official Statement of the Authority dated of even date herewith. Such Official Statement, including the cover page and the appendices thereto, relating to the Bonds, as amended to conform to the terms of this Purchase Contract and with such changes and amendments thereto as have been mutually agreed to by the Authority, the District and the Underwriter, is hereinafter referred to as the “Official Statement.” This Purchase Contract and the Indenture are referred to herein as the “Authority Documents.” This Purchase Contract, the Fiscal Agent Agreement and the Resolutions. The Bonds shall be in book-entry formContinuing Disclosure Agreement, shall bear CUSIP numbersdated as of November 1, shall be in fully registered form, registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York; the Bonds shall initially be in authorized denominations of $5,000 principal or maturity value each or any integral multiple thereof. [The payment of principal of and interest on the Bonds will be secured by a municipal bond insurance policy 2012 (the “PolicyDistrict Continuing Disclosure Agreement”) ), by and between the District and Union Bank, N.A., as dissemination agent, are referred to be issued simultaneously with the issuance of the Bonds by (herein as the “InsurerDistrict Documents.”).]

The Bonds. The Current Interest Bonds shall be dated their date of delivery delivery, shall bear interest at the rates and shall mature on August 1 in the years shown on Exhibit A hereto and be subject to optional[, extraordinary] optional and mandatory redemption all as shown on Exhibit A hereto. The Capital Appreciation Bonds shall be dated their date of delivery and shall mature on August 1 in the years shown on Exhibit A hereto and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Convertible Capital Appreciation Bonds shall be dated their date of delivery, shall accrete interest to their Conversion Dates at the rates, shall bear interest from and after their Conversion Dates at the rates, shall convert to current interest bonds on the Conversion Dates rates and shall mature on August 1 in the years and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Bonds shall be issued and secured pursuant to the provisions of Article XIIIA of the Resolution Constitution of the State of California and Title 1, Division 1, Part 10, Chapters 1 and 1.5 of the California Education Code (the “Education Code”) and pursuant to, and shall otherwise be as described in, resolutions of the Board of Trustees of the District (the “Board of Trustees”) adopted on , 2011 2009 (the “District Resolution”) ), and the Resolution of the Board of Supervisors of the County (the “Board of Supervisors”) adopted , 2011 2009 (the “County Resolution” and, collectively with the District Resolution, the “Resolutions”) ), which provide for the terms of the Bonds and California Government Code Section 53506 et seq., including Section 53508.7 thereof, and California Education Code Section 15140 designate Zions First National Bank as initial paying agent therefor (the “ActPaying Agent”), and this Bond Purchase Agreement. The Bonds were authorized under and pursuant to a bond authorization approved by more than fifty-five percent (55%) of the voters of the District voting at an election held on November 24, 2010 2008 (the “Election”) approving an amount not more than to exceed $169,300,000 24,935,000 of general obligation bonds of the District. The Bonds are being issued District to be used to finance the repair, renovation, specific construction, acquisition repair and improvement of school facilitiesprojects (collectively, the “Project”) as further described in the Preliminary Official Statement (defined below). Capitalized terms used herein and not defined herein shall have the meanings set forth in the County Resolution. The Bonds shall be executed and delivered under and in accordance with the provisions of this Bond Purchase Agreement and the Resolutions. The Bonds shall be in book-entry definitive form, shall bear CUSIP numbers, shall be in fully registered form, registered in the name of Cede & Co., as nominee of The the Depository Trust Company, New York, New York; the Bonds shall initially be in authorized denominations of $5,000 principal or maturity value each or any integral multiple thereofYork (“DTC”). [The payment of principal of and interest and compounded interest (but not any redemption premium) on the Bonds as specified in Exhibit A hereto will be secured by a municipal bond insurance policy (the “Insurance Policy”) to be issued simultaneously with the issuance of the Bonds by (the “Insurer”).]

The Bonds. Section 2.1 Form and Dating; Payments of Interest; Bonds in Global Form. The Current Interest Bonds shall be dated their date of delivery terms and shall mature on August 1 provisions contained in the years shown on Bonds as set forth in Exhibit A hereto shall constitute, and are hereby expressly made, a part of this Indenture. To the extent applicable, the Company and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be subject bound thereby. However, to optional[the extent any provision of any Bond conflicts with the express provisions of this Indenture, extraordinary] and mandatory redemption all as shown on Exhibit A heretothe provisions of this Indenture shall prevail. The Capital Appreciation Bonds shall may have notations, legends or endorsements as required by applicable laws, stock exchange rules or agreements to which the Company is subject. Each Bond will be dated their the date of delivery its authentication and shall mature on August 1 in the years shown on Exhibit A hereto and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Convertible Capital Appreciation Bonds shall be dated their date of delivery, shall accrete interest to their Conversion Dates at the rates, shall bear interest from and after their Conversion Dates at the rates, shall convert to current interest bonds date specified on the Conversion Dates and shall mature on August 1 in the years and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. The Bonds shall be issued and secured pursuant to the provisions face of the Resolution of the District adopted on , 2011 (the “District Resolution”) and the Resolution of the Board of Supervisors of the County adopted , 2011 (the “County Resolution” and, collectively with the District Resolution, the “Resolutions”) and California Government Code Section 53506 et seq., including Section 53508.7 thereof, and California Education Code Section 15140 (the “Act”). The Bonds were authorized under and pursuant to a bond authorization approved by more than fifty-five percent (55%) of the voters of the District voting at an election held on November 2, 2010 (the “Election”) approving an amount not more than $169,300,000 of general obligation bonds of the District. The Bonds are being issued to finance the repair, renovation, construction, acquisition and improvement of school facilities. The Bonds shall be executed and delivered under and in accordance with the provisions of this Purchase Agreement and the Resolutionssuch Bond. The Bonds shall be in book-entry form, shall bear CUSIP numbers, minimum denominations of US$200,000 and integral multiples thereof. Accrued interest on the Bonds shall be calculated on the basis of a three hundred and sixty (360) day year consisting of twelve (12) months of thirty (30) days each and, for partial months, on the basis of the number of days actually elapsed in a 30-day month. The Person in whose name any Bond is registered on the Bond Register at the close of business on any Regular Record Date with respect to any Interest Payment Date shall be entitled to receive the interest payable on such Interest Payment Date. The principal amount of any Bond and the interest accrued thereof shall be payable pursuant to Section 4.1(e) and Section 4.1(f). Bonds offered in reliance on Regulation S shall initially be represented by one (1) or more permanent global certificates in fully registered formform without interest coupons (the “Global Certificate”), duly executed by the Issuer and authenticated as hereinafter provided. The Global Certificate will represent such of the outstanding Bonds as will be specified therein and each shall provide that it represents the aggregate principal amount of outstanding Bonds from time to time endorsed thereon and that the aggregate principal amount of outstanding Bonds represented thereby may from time to time be reduced or increased, as appropriate, by the Trustee or the Registrar, at the direction of the Trustee, to reflect exchanges and redemptions. Any endorsement of the Global Certificate to reflect the amount of any increase or decrease in the aggregate principal amount of outstanding Bonds represented thereby will be made by the Trustee or the Registrar, at the direction of the Trustee, in accordance with instructions given by the Holder thereof as required pursuant to this Indenture. The Global Certificate shall be deposited with, and registered in the name of Cede & Co.(or the name of a nominee of), a common depositary (the “Common Depositary”) for Euroclear and Clearstream and shall also bear an appropriate legend, if any, as shall be required by such Common Depositary. The Global Certificate initially shall be registered in the name of The Citivic (Nominees) Limited as nominee of the Common Depositary. Ownership of interests in the Global Certificate will be limited to Participants and Indirect Participants. Book-Entry Interests in the Global Certificates will be limited to Participants and Indirect Participants. Book-Entry Interests in the Global Certificate will be shown on, and transfers, cancellations, repurchases and conversions thereof will be effected only through, records maintained in book-entry form by the Common Depositary and its Participants. The Depository Trust Company, New York, New York; Applicable Procedures shall be applicable to Book-Entry Interests in the Global Certificate. So long as the Bonds are in global form, the Applicable Procedures shall initially be in authorized denominations of $5,000 principal apply. Neither Participants nor Indirect Participants shall have any rights under this Indenture or maturity value each under the Global Certificate held on their behalf by the Common Depositary. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, the Trustee or any integral multiple thereofAgent from giving effect to any written certification, proxy or other authorization furnished by the Common Depositary or impair, as between the Common Depositary and its Participants, the operation of customary practices of such Common Depositary governing the exercise of the rights of an owner of a Book-Entry Interest in any Global Certificate. [The payment of principal of and interest on the Bonds will be secured by issued in definitive form (each, a municipal bond insurance policy (the “PolicyDefinitive Certificate”) to shall be issuable only in registered form, substantially in the form of Exhibit B hereto. Definitive Certificates issued upon transfer of a Book-Entry Interest or a Definitive Certificate, or in exchange for a Book-Entry Interest or a Definitive Certificate, shall be issued simultaneously in accordance with the issuance of the Bonds by (the “Insurer”)this Indenture.]

The Bonds. The Current Interest Bonds shall be issued pursuant to Article 4.5 of Chapter 3 of Part 1 of Division 2 of Title 5 of the California Government Code and other applicable law, in accordance with Resolution No. [ ] of the Board of Education of the District, adopted on February 23, 2021 (the “Resolution”), and pursuant to the terms of that certain Paying Agent Agreement dated as of April 1, 2021 (the “Paying Agent Agreement”), to be entered into by and between the District and U.S. Bank National Association, as paying agent (the “Paying Agent”) with respect to the Bonds. The Bonds shall conform in all respects to the terms and provisions set forth in the Resolution, the Paying Agent Agreement, and in Appendix A to this Purchase Contract. The Bonds shall be dated their the date of delivery delivery, and shall mature on August 1 in each of the years years, in the principal amounts, and pay interest at the rates shown in Appendix A. Interest on Exhibit A hereto and be subject to optional[, extraordinary] and mandatory redemption all as shown on Exhibit A hereto. The Capital Appreciation the Bonds shall be dated their date of delivery payable on August 1, 2021, and shall mature thereafter on February 1 and August 1 in the years shown on Exhibit A hereto and each year until maturity. [The Bonds shall be subject to optional and mandatory sinking fund redemption all as shown on Exhibit A hereto. The Convertible Capital Appreciation Bonds shall be dated their date of delivery, shall accrete interest to their Conversion Dates at the rates, shall bear interest from and after their Conversion Dates at the rates, shall convert to current interest bonds on the Conversion Dates terms and shall mature on August 1 dates shown in the years and be subject to optional and mandatory redemption all as shown on Exhibit A hereto. Appendix A.] The Bonds shall otherwise be issued and secured pursuant to as described in the provisions of the Resolution preliminary Official Statement of the District adopted on with respect thereto, 2011 dated [POS Date] (the “District Resolution”) and the Resolution of the Board of Supervisors of the County adopted , 2011 (the “County Resolution” and, collectively with the District Resolution, the “Resolutions”) and California Government Code Section 53506 et seq., including Section 53508.7 thereof, and California Education Code Section 15140 (the “ActPreliminary Official Statement”). The Bonds were authorized under and pursuant to a bond authorization approved by more than fifty-five percent (55%) One fully registered certificate for each maturity of the voters of the District voting at an election held on November 2, 2010 (the “Election”) approving an amount not more than $169,300,000 of general obligation bonds of the District. The Bonds are being issued to finance the repair, renovation, construction, acquisition and improvement of school facilities. The Bonds shall will be executed prepared and delivered under and as described in accordance with the provisions of this Purchase Agreement and the Resolutions. The Bonds shall be in book-entry form, shall bear CUSIP numbers, shall be in fully registered formSection 8 hereof, registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York; NY (“DTC”), and will be made available to the Underwriter for inspection at such place as may be mutually agreed to by the Underwriter and the District, not less than one business day prior to the Closing Date, as defined in Section 8 hereof. The Underwriter shall order CUSIP identification numbers and the District shall cause such CUSIP identification numbers to be printed on the Bonds, but neither the failure to print such number on any Bond nor any error with respect thereto shall constitute cause for a failure or refusal by the Underwriter to accept delivery of and pay for the Bonds shall initially be in authorized denominations of $5,000 principal or maturity value each or any integral multiple thereof. [The payment of principal of and interest on the Bonds will be secured by a municipal bond insurance policy (the “Policy”) to be issued simultaneously accordance with the issuance terms of the Bonds by (the “Insurer”)this Purchase Contract.]