DIRECT PURCHASE AGREEMENTDirect Purchase Agreement • January 10th, 2017 • California
Contract Type FiledJanuary 10th, 2017 JurisdictionHASI OBS OP A LLC, as purchaser (the “Purchaser”), offers to enter into this Direct Purchase Agreement (this “Agreement”) with the Fountain Valley Public Financing Authority (the “Authority”) and the City of Fountain Valley, California (the “City”), which, upon acceptance of this offer by the Authority and the City, will be binding upon the Purchaser, the Authority and the City. This offer is made subject to written acceptance by the Authority and the City on or before 5:00 p.m., Pacific time, on the date hereof and, if not so accepted, will be subject to withdrawal by the Purchaser upon written notice delivered to the Authority and the City at any time prior to such acceptance. Upon acceptance by the Authority and the City, this Agreement will serve as a binding, written contract and tax credit rate and maturity date determination pursuant to Section 54A(b)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), for the Authority and the Lease Agreement (hereinafter defined)