Agmt15 Raymond James and Assoc. Port of RWC sale of refunding bonds

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The Trustee shall not be required ta register the trensfer of(i)any Bond during the fifteen (15)day period precedi�g any date established by the Trustee for selection of Bonds of such Series of the Bonds for redemption,(ii)any Bonds which have been selected for redcmption(except for any unredeemed portion of eny of such Bonds) or (iii)any Bonds during the period from any Record Date to the applicable Interest Payment Date or Principal Payment Date. � Section 2.7. Ezchan�e of Bonds. The Bonds may be exchanged at the Corporate Trust Oftice of the Trustee for a like aggregate principal amount of Bonds of the same Series of the Bonds and maturity of other authorized denominations. The Trustee shall require the payment by the Owner requesting such exchAnge of any tax or other governmental cherge required to be paid with respect to such exchange. The cost of any services rendered or expenses incurred by the Trustee in connection with any exchange shall be paid by the Port. No such exchange shaU be required to be made(i)durinb the fifteen(15)days preceding Any dute established by the Trustee for selection of Bonds of such Series of the Bonds for rcdemption,(ii)of any I3onds which have been selected for redemption(except for pny unredeemed portion of any of such Bonds)or(iii)any Bonds during the period fr+om a�y Record Date to the epplicable Interest Payment Date or Principal Payment Date. Section 2.8. Bo�d Re�istration Books. The Trustee will keep, in accordance with its genera)prACtices and procedures in effect from time to time,at its Corporate Trvst Office,sufficient books for the registration,transferand exchange of the Bonds,which shall be open to inspection by the Port during regularbusiness hours upon reasonable prior written notice;and,upon presentation for such purpose,the Trustee shall, under such reasonable regulations as it may prescribe,re�ister,transfer or exchange the Bonds on sueh books as hereinbeforeprovidecl. The owncrship of the Bonds and the amount, maturity,number and date of h�lding the same shall be proved by the registration books maintained under this Section 2.8. Section 2.9. Mutilated.Destroyed,Stolen or Lost Bonds. In case any Bond shall become muti{ated in respect of the body of such Bond,or shall be bclicvcd by tbe Port to have been destroyed, stolen or lost, upon proof of ownership satisfactory to the Trustee, and upon the surrender of such mutilsted Bond ac the Corporate Trust Office of the Trustee, or upon the receipt of evidence satisfactory to the Trustee of such destruction, theft or loss, and upon receipt also of security or indemnity satisfactory to the Port and the Trustee,and upon payment of a sum sufficient to cover any tax or governmental charge and all fees and expenses incurred by the Port and the Trustee in the premises,the Port shall execute and the Trustee shall (upon receipt of a Written Itequest of the Pon) - suthcnticatc and deliver at the Corporate Trust Office,a new 13ond or Bonds of the same Series ot the Bonds and maturity date and of tl�e same aggregate principal amount of authorized denominations,of like tenor and date,with such notations as the Port shall determine,in exchange and suhstitution for and upon cancellation of the mutilated Bond,or in lieu of and in substitution for the Bond so destroyed, stolen or lost. If any such destroyed, stolen or lost Bond shall have metured or shall have been called for redemption, payment of the amount due thereon may be made by the Trustee upon receipt by the Trustee and the Port of like proof, security or indemnity and payment of any taxes, fees and expenses. 12094.9122931,0005 23