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<br />First Southwest's fees are payable upon delivery of the report prepared by First Southwest, the first report to be made following <br />one year from the date of delivery of the Bonds and on each computation date thereafter during the term of the Agreement. <br /> <br />The fees for computations of the Arbitrage Amount which encompass more, or less, than one Computation Year of investment <br />data performed during the same computation period shall be prorated to reflect the longer, or shorter, period of work performed <br />during that period. <br /> <br />S:\REBATE\SHARED\CONTRAC1\llOrebate.doc <br /> <br />6 <br />