Exhibit 10.2 AGREEMENT OF SALE ----------------- THIS AGREEMENT OF SALE, dated August 5, 2005, is made by and between The Commomwealth Group, Ltd., a Delaware corporation ("Buyer") and Artesian Development Corporation, a Delaware corporation...Agreement of Sale • August 9th, 2005 • Artesian Resources Corp • Water supply
804,290 Shares ARTESIAN RESOURCES CORPORATION CLASS A NON-VOTING COMMON STOCK UNDERWRITING AGREEMENTUnderwriting Agreement • July 15th, 2011 • Artesian Resources Corp • Water supply • New York
TOSeventeenth Supplemental Indenture • March 10th, 2004 • Artesian Resources Corp • Water supply
TO WILMINGTON TRUST COMPANY, As TrusteeEighteenth Supplemental Indenture • August 9th, 2005 • Artesian Resources Corp • Water supply
FINANCING AGREEMENT BETWEEN ARTESIAN WATER COMPANY, INC. AND DELAWARE DRINKING WATER STATE REVOLVING FUND DELAWARE DEPARTMENT OF HEALTH & SOCIAL SERVICES, DIVISION OF PUBLIC HEALTH Loan No. 22000032Financing Agreement • December 12th, 2022 • Artesian Resources Corp • Water supply • Delaware
ASSET PURCHASE AGREEMENTAsset Purchase Agreement • October 10th, 2008 • Artesian Resources Corp • Water supply • Maryland
THIS ASSET PURCHASE AGREEMENT (this “Agreement”) is entered into as of this 7th day of October, 2008 by and among ARTESIAN WATER MARYLAND, INC., a Delaware corporation (the “the Buyer”), and CECIL COUNTY, MARYLAND, a body corporate and politic under the laws of the State of Maryland, as represented by the Board of County Commissioners of Cecil County (the “County”).
ARTESIAN WATER COMPANY, INC. BOND PURCHASE AGREEMENT Dated as of April 29, 2022 RE: $30,000,000 FIRST MORTGAGE BONDS, Series W Due April 30, 2047Bond Purchase Agreement • May 5th, 2022 • Artesian Resources Corp • Water supply • Delaware
ARTESIAN WATER COMPANY, INC., a Delaware corporation (the “Company”) and CoBank, ACB (“CoBank” or the “Purchaser”) hereby agree as follows:
EXHIBIT 1 500,000 SHARES ARTESIAN RESOURCES CORPORATION CLASS A NON-VOTING COMMON STOCK UNDERWRITING AGREEMENTUnderwriting Agreement • May 29th, 2002 • Artesian Resources Corp • Water supply • Pennsylvania
SECOND AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT BETWEEN ARTESIAN WATER COMPANY, INC. AND COBANK, ACB DATED AS OF SEPTEMBER 20, 2019Revolving Credit Agreement • November 8th, 2019 • Artesian Resources Corp • Water supply • Delaware
ARTESIAN WATER COMPANY, INC. TO WILMINGTON TRUST COMPANY,Supplemental Indenture • December 19th, 2019 • Artesian Resources Corp • Water supply
TOFifteenth Supplemental Indenture • May 8th, 2002 • Artesian Resources Corp • Water supply
TOSixteenth Supplemental Indenture • March 10th, 2004 • Artesian Resources Corp • Water supply
ARTESIAN WATER COMPANY, INC. TO WILMINGTON TRUST COMPANY,Supplemental Indenture • May 5th, 2022 • Artesian Resources Corp • Water supply
TWENTY-FIFTH SUPPLEMENTAL INDENTURE, dated as of April 29, 2022, made by and between ARTESIAN WATER COMPANY, INC. (successor to Artesian Resources Corporation, formerly named “Artesian Water Company,” under the Original Indenture hereinafter referred to), a corporation organized and existing under the laws of the State of Delaware, having its principal office and place of business at 664 Churchmans Road, Newark, Delaware (hereinafter called the “Company”), party of the first part, and WILMINGTON TRUST COMPANY, a Delaware trust company, having its corporate trust office at 1100 North Market Street, in the City of Wilmington, Delaware, as Trustee under the Original Indenture hereinafter referred to (hereinafter called the “Trustee”), party of the second part.
UNDERWRITING AGREEMENTUnderwriting Agreement • June 14th, 2007 • Artesian Resources Corp • Water supply • Pennsylvania
Artesian Resources Corporation, a Delaware corporation (“Artesian Resources”), proposes, subject to the terms and conditions stated herein, to sell to Janney Montgomery Scott LLC and Edward D. Jones & Co., L.P. (collectively, the “Underwriters”) an aggregate of 1,000,000 shares of Artesian Resources’ Class A Non-Voting Common Stock, par value $1.00 per share (“Class A Common Stock”). The 1,000,000 shares of Class A Common Stock to be sold to the Underwriters by Artesian Resources are referred to herein as the “Firm Shares.” The respective amounts of the Firm Shares to be purchased by the several Underwriters are set forth opposite their names in Schedule I hereto. The Firm Shares shall be offered to the public at a public offering price of $19.15 per Firm Share (the “Offering Price”).
FIRST AMENDMENT TO BOND PURCHASE AGREEMENTBond Purchase Agreement • March 15th, 2018 • Artesian Resources Corp • Water supply • Delaware
FIRST AMENDMENT TO BOND PURCHASE AGREEMENT (this “Amendment”) dated as of January 18, 2017, amending that certain Bond Purchase Agreement, dated as of December 1, 2008 (as further amended, supplemented or otherwise modified from time to time, the “Bond Purchase Agreement”), made by and between ARTESIAN WATER COMPANY, INC. a corporation organized and existing under the laws of the State of Delaware (hereinafter, the “Company”) and COBANK, ACB, a federally chartered instrumentality of the United States (hereinafter, the “Purchaser”).
695,650 Shares ARTESIAN RESOURCES CORPORATION CLASS A NON-VOTING COMMON STOCK, PAR VALUE $1.00 PER SHARE UNDERWRITING AGREEMENTUnderwriting Agreement • May 23rd, 2023 • Artesian Resources Corp • Water supply • New York
Artesian Resources Corporation, a Delaware corporation (the “Company”), proposes to issue and sell to Janney Montgomery Scott LLC (the “Underwriter”), subject to the terms and conditions set forth herein, an aggregate of 695,650 shares (the “Firm Shares”) of the Company’s Class A Non-Voting Common Stock, par value $1.00 per share (the “Class A Common Stock”).
DEMAND LINE OF CREDIT AGREEMENT by and between CITIZENS BANK OF PENNSYLVANIA and ARTESIAN RESOURCES CORPORATION ARTESIAN WATER COMPANY, INC. ARTESIAN WATER PENNSYLVANIA, INC. ARTESIAN WATER MARYLAND, INC. ARTESIAN WASTEWATER MANAGEMENT, INC. ARTESIAN...Demand Line of Credit Agreement • January 25th, 2010 • Artesian Resources Corp • Water supply • Delaware
THIS DEMAND LINE OF CREDIT AGREEMENT (the “Agreement”) is made as of the 19th day of January, 2010, by and between ARTESIAN RESOURCES CORPORATION, a Delaware corporation, ARTESIAN WATER COMPANY, INC., a Delaware corporation, ARTESIAN WATER PENNSYLVANIA, INC., a Pennsylvania corporation, ARTESIAN WATER MARYLAND, INC., a Delaware corporation, ARTESIAN WASTEWATER MANAGEMENT, INC., a Delaware corporation, ARTESIAN WASTEWATER MARYLAND, INC., a Delaware corporation, ARTESIAN UTILITY DEVELOPMENT, INC., a Delaware corporation, ARTESIAN DEVELOPMENT CORPORATION, a Delaware corporation, ARTESIAN CONSULTING ENGINEERS, INC., a Delaware corporation, (jointly and severally, “Borrower”), and CITIZENS BANK OF PENNSYLVANIA (“Bank”). Borrower and Bank agree, under seal, as follows:
ASSET PURCHASE AGREEMENT FOR THE WATER ASSETS OF THE TOWN OF FRANKFORDAsset Purchase Agreement • March 4th, 2020 • Artesian Resources Corp • Water supply • Delaware
THIS ASSET PURCHASE AGREEMENT (“Agreement”) is entered into as of this 27th day of February, 2020 by and between Artesian Water Company, Inc., a Delaware corporation (“Buyer”) and the Town of Frankford, a Delaware municipality (“Seller”).
September 15, 2015 Mr. David Spacht, CFO Artesian Water Company Newark, DE 19702 Dear Mr. Spacht:Forward Rate Agreement • September 18th, 2015 • Artesian Resources Corp • 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. The terms of our agreement are as follows:
LIMITED LIABILITY INTEREST PURCHASE AGREEMENTLimited Liability Interest Purchase Agreement • May 9th, 2008 • Artesian Resources Corp • Water supply • Maryland
THIS LIMITED LIABILITY INTEREST PURCHASE AGREEMENT (this “Agreement”) is entered into as of this 5th day of May, 2008 by and among Artesian Water Maryland, Inc., a Delaware corporation (the “Buyer”), Mountain Hill Water Company, LLC, a Maryland limited liability company (the “Company”), and Sunrise Holdings L.P., a Pennsylvania limited partnership and the Company’s sole member (the “Member” and together with the Company, collectively the “Sellers”). Artesian Resources Corporation, a Delaware corporation and the sole stockholder of the Buyer (“Artesian”), joins in this Agreement for the limited purposes herein set forth.
May 7, 2018 Mr. David Spacht, CFO Artesian Wastewater Management, Inc. Newark, DE 19702 Dear Mr. Spacht:Fixed Rate Agreement • May 10th, 2018 • Artesian Resources Corp • Water supply
The purpose of this letter is to confirm the agreement between CoBANK, ACB ("CoBank") and Artesian Wastewater Management, Inc. (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:
AGREEMENT FOR PURCHASE OF WATER ASSETS OF THE TOWN OF PORT DEPOSIT AND FOR THE PROVISION OF POTABLE WATER SERVICESPurchase Agreement • December 2nd, 2009 • Artesian Resources Corp • Water supply • Maryland
THIS AGREEMENT (this “Agreement”) is entered into as of this 1st day of December, 2009 by and among Artesian Water Maryland, Inc. (“Artesian MD” or “Buyer”), a Delaware corporation, Artesian Resources Corporation (“Guarantor”), a Delaware Corporation, and the Mayor and Town Council of Port Deposit, Maryland, a body corporate and politic organized under the laws of the State of Maryland, (“Port Deposit” or the “Town”).
WASTEWATER SERVICES AGREEMENT Northern Sussex Regional Water Recycling ComplexWastewater Services Agreement • August 11th, 2008 • Artesian Resources Corp • Water supply • Delaware
This agreement is made this 30th day of June, 2008, among Artesian Utility Development, Inc., a Delaware Corporation (“Artesian”) and Northern Sussex Regional Water Recycling Complex, LLC, a Delaware limited liability company, (the “Developer”) (the “Agreement”).
FIRST AMENDMENT TO MASTER LOAN AGREEMENTMaster Loan Agreement • March 13th, 2020 • Artesian Resources Corp • Water supply
THIS FIRST AMENDMENT TO MASTER LOAN AGREEMENT (this "Amendment" ) is entered into as of January 10, 2019, between ARTESIAN WASTEWATER MANAGEMENT, INC, a corporation organized and existing under the laws of the State of Delaware (the "Company"), and CoBANK, ACB, a federally chartered instrumentality of the United States ("Co Bank"),
ASSET PURCHASE AGREEMENT FOR THE WATER ASSETS OF THE CITY OF DELAWARE CITYAsset Purchase Agreement • June 16th, 2020 • Artesian Resources Corp • Water supply • Delaware
THIS ASSET PURCHASE AGREEMENT (“Agreement”) is entered into as of this ___ day of ____________________, 2020 by and between Artesian Water Company, Inc., a Delaware corporation (“Buyer”), and the City of Delaware City, a Delaware municipality (“Seller”).
GUARANTEE OF PAYMENTGuarantee of Payment • August 9th, 2018 • Artesian Resources Corp • Water supply • Delaware
THIS GUARANTEE OF PAYMENT (“Guaranty”) is executed as of the 8th day of August, 2018, by ARTESIAN RESOURCES CORPORATION, a Delaware corporation (the “Guarantor”) to COBANK, ACB, a federally chartered instrumentality of the United States (“Lender”).
FINANCING AGREEMENT BETWEEN ARTESIAN WATER COMPANY, INC. AND DELAWARE DRINKING WATER STATE REVOLVING FUND DELAWARE DEPARTMENT OF HEALTH & SOCIAL SERVICES, DIVISION OF PUBLIC HEALTH Loan No. D-2056Financing Agreement • July 19th, 2011 • Artesian Resources Corp • Water supply • Delaware
ARTESIAN WATER COMPANY, INC. TO WILMINGTON TRUST COMPANY,Twenty-Second Supplemental Indenture • January 20th, 2017 • Artesian Resources Corp • Water supply
TWENTY-SECOND SUPPLEMENTAL INDENTURE, dated as of January 18, 2017, made by and between ARTESIAN WATER COMPANY, INC. (successor to Artesian Resources Corporation, formerly named "Artesian Water Company," under the Original Indenture hereinafter referred to), a corporation organized and existing under the laws of the State of Delaware, having its principal office and place of business at 664 Churchmans Road, in the City of Newark, Delaware (hereinafter called the "Company"), party of the first part, and WILMINGTON TRUST COMPANY, a Delaware trust company, having its corporate trust office at 1100 North Market Street, in the City of Wilmington, Delaware, as Trustee under the Original Indenture hereinafter referred to (hereinafter called the "Trustee"), party of the second part.
AMENDED AND RESTATED DEMAND LINE OF CREDIT AGREEMENT by and between CITIZENS BANK, N.A. and ARTESIAN RESOURCES CORPORATION ARTESIAN WATER COMPANY, INC. ARTESIAN WATER PENNSYLVANIA, INC. ARTESIAN WATER MARYLAND, INC. ARTESIAN WASTEWATER MANAGEMENT,...Demand Line of Credit Agreement • May 10th, 2023 • Artesian Resources Corp • Water supply • Delaware
THIS AMENDED AND RESTATED DEMAND LINE OF CREDIT AGREEMENT (the “Agreement”) is made as of the 20th day of May, 2022, by and between ARTESIAN RESOURCES CORPORATION, a Delaware corporation, ARTESIAN WATER COMPANY, INC., a Delaware corporation, ARTESIAN WATER PENNSYLVANIA, INC., a Pennsylvania corporation, ARTESIAN WATER MARYLAND, INC., a Delaware corporation, ARTESIAN WASTEWATER MANAGEMENT, INC., a Delaware corporation, ARTESIAN WASTEWATER MARYLAND, INC., a Delaware corporation, ARTESIAN UTILITY DEVELOPMENT, INC., a Delaware corporation, ARTESIAN DEVELOPMENT CORPORATION, a Delaware corporation, TIDEWATER ENVIRONMENTAL SERVICES, INC., a Delaware corporation (jointly and severally, “Borrower”), and CITIZENS BANK, N.A. (“Bank”). Borrower and Bank agree, under seal, as follows:
SECOND AMENDMENT TO MASTER LOAN AGREEMENTMaster Loan Agreement • March 13th, 2020 • Artesian Resources Corp • Water supply
THIS SECOND AMENDMENT TO MASTER LOAN AGREEMENT (this “Amendment”) is entered into as of November 13, 2019, between ARTESIAN WASTEWATER MANAGEMENT, INC., a corporation organized and existing under the laws of the State of Delaware (the “Company”), and CoBANK, ACB, a federally chartered instrumentality of the United States (“CoBank”).
STOCK REPURCHASE AGREEMENT between WILMINGTON SAVINGS FUND SOCIETY, FSB and ARTESIAN RESOURCES CORPORATION dated as of August 31, 2011Stock Repurchase Agreement • September 6th, 2011 • Artesian Resources Corp • Water supply • Delaware
MASTER LOAN AGREEMENTMaster Loan Agreement • August 9th, 2018 • Artesian Resources Corp • Water supply • Delaware
THIS MASTER LOAN AGREEMENT (this “Agreement”) is entered into as of August 8, 2018, between ARTESIAN WASTEWATER MANAGEMENT, INC., a corporation organized and existing under the laws of the State of Delaware (the “Company”), and CoBANK, ACB, a federally chartered instrumentality of the United States (“CoBank”).
400,000 SHARES ARTESIAN RESOURCES CORPORATION CLASS A NON-VOTING COMMON STOCK UNDERWRITING AGREEMENTUnderwriting Agreement • March 26th, 1999 • Artesian Resources Corp • Water supply • Pennsylvania
FIRST AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING CREDIT AGREEMENTRevolving Credit Agreement • November 4th, 2022 • Artesian Resources Corp • Water supply
THIS FIRST AMENDMENT TO SECOND AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT (this “Amendment”) is entered into as of October [ ], 2022, between ARTESIAN WATER COMPANY, INC., a Delaware corporation (the “Company”), and CoBANK, ACB, a federally chartered instrumentality of the United States (“CoBank”).
FIRST AMENDMENT TO ASSET PURCHASE AGREEMENTAsset Purchase Agreement • August 5th, 2022 • Artesian Resources Corp • Water supply
THIS FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT (this “Amendment”), is entered into this 15 day of May 2022, between Artesian Water Company, Inc., a Delaware corporation (“Buyer”), and the Town of Clayton, a Delaware municipality (“Seller”).
