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:
