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:
