OTHER-2024-033-Bond Purchase Agreement

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of the Underwriters , the Bonds duly executed by the County in fully registered form, bearing proper CUSIP numbers , and registered in the name of Cede & Co . , as nominee of DTC, which will act as securities depository for the Bonds ; and (b) deliver or cause to be delivered, to the Underwriters at Winston- Salem, North Carolina, or at such other place as the County and Underwriters may mutually agree upon, the documents described in Section 7 (d) hereof. Concurrently with the delivery of the Bonds and the documents mentioned in Section 7 (d) hereof at the Closing, subject to the conditions contained herein, the Underwriters will accept such delivery and will pay the purchase price of the Bonds in the amount set forth in Section 1 hereof by wire transfer in immediately available funds to the Trustee for the account of the County. The Closing shall take place at the offices of the County. The Bonds shall be available for inspection by the Underwriters at least two business days prior to Closing . (7) Closing Conditions/Right to Cancel . The Underwriters enter into this Bond Purchase Agreement in reliance upon the County ' s representations and agreements herein and the performance by the County of its obligations hereunder, both as of the date hereof and as of the date of Closing . The Underwriters ' obligations under this Bond Purchase Agreement are and shall be subject to the following additional conditions : (a) At the time of the Closing, the Approving Resolution, the Trust Agreement, and the Modified Deed of Trust shall be in full force and effect and none of the Approving Resolution, the Trust Agreement, the Modified Deed of Trust or the Official Statement shall have been amended, modified or supplemented, except as may have been approved in writing by the Underwriters , and the County shall have duly adopted, and there shall be in full force and effect, such other resolutions as , in the opinion of Bond Counsel, shall be necessary in connection with the transactions contemplated hereby . (b) The Bonds , as set forth in Section b , shall be delivered to the Trustee to be held by the Trustee under DTC ' s FAST program. (c) The Underwriters shall have the right to cancel their obligation to purchase the Bonds at the time of Closing if any of the documents , certificates or opinions to be delivered to the Underwriters hereunder is not delivered at the time of Closing or if, between the date hereof and the time of Closing, one or more of the following occurs : (1) Legislation (whether or not yet introduced in Congress of the United States ("Congress ")) shall be enacted or be actively considered for enactment by the Congress or recommended to the Congress by the President of the United States or favorably reported for passage to either House of Congress by any committee of such House, or a conference committee of both Houses , to which such legislation had been referred for consideration, or a decision by a federal court of the United States or the United States Tax Court shall be rendered, or an order, ruling, regulation or official statement by or on behalf of the Treasury Department of the United States or the Internal Revenue Service or other governmental agency shall be made or proposed, or a release or official statement made by the President of the United States or by the Treasury Department of the United States or the Internal Revenue Service, with respect to federal taxation upon revenues or other income of the general character to be derived by the County or upon interest received on obligations of the general character of the 2024A Bonds which in the Underwriters ' judgment, materially adversely affects the market for the Bonds ; or (11) Legislation shall hereafter be enacted or actively considered for enactment or introduction, with an effective date on or prior to the Closing, or a decision by a court of the United States shall be rendered or a stop order, ruling, regulation or proposed regulation by or on behalf of the Securities and Exchange Commission or other agency having jurisdiction shall be made, to the effect that the issuance, sale and delivery of the Bonds , or any other obligations of any - 8 -