2018 $660,000 GP Imp Bonds Series 2018A Master Agreement for Arbitrage Monitoring Services

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FEE ARRANGEMENT Ehlers will charge Client a base fee of $2,250 per bond year to determine spending exceptions, bona fide debt service fund exemptions, penalty calculations, rebate amounts and yield reduction payments for all funds related to this obligation. Depending on the structure of the transaction, certain complexities may require computational work that extends beyond the scope of a standard arbitrage calculation. Conversely, the amount of computational work required to prepare future arbitrage calculations may decrease due to aggressive expenditures of gross proceeds. In such instances, Ehlers will charge additional fees and/or offer discounts in accordance with the fee schedule set forth below. Additions to Base Fee Variable rate obligation $500 per bond year Commingled funds $150 per hour Transferred proceeds analysis $150 per hour Debt service residual analysis $150 per hour Variable rate computation period analysis To be negotiated Universal cap analysis To be negotiated IRS Form 8038-T preparation $500 to $1,000 per form IRS Form 8038-R preparation $500 to $1,000 per form Legal opinion To be determined Recalculation of prior arbitrage liability To be negotiated Discounts to Base Fee Monitoring of debt service fund only $1,000 per year Monitoring of yield restriction only $1,000 per year Discretionary discounts To be determined by Ehlers Ehlers will invoice Client for the amount due. The invoice is due and payable by the Client within 60 days of the invoice date. Other obligations may be covered by this Agreement in an Addendum. The fees shown in the Addendum may differ from those shown above.