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EEXHIBIT B 2004122,7 LEASE PURCHASE AGREEMENT Heartland Event Center THIS AGREEMENT is executed and delivered on October 9 2001, by the CITY OF GRAND ISLAND, NEBRASKA, a city of the first class of the State of Nebraska ( "City") and FONNER PARK EXPOSITION AND EVENTS CENTER, INC., a Nebraska nonprofit cor- poration ("Heartland "). 1. STATEMENT OF PURPOSE. The purpose of this agreement is to set forth the terms and conditions under which Heartland will plan, design, construct and finance an agricul- tural exposition and events center (as more specifically defined below, the "Project ") which will be leased to and purchased by the City in accordance with Neb. Rev. Stat., § 19 -2421. The intent of the parties is that the interest on the obligations issued by Heartland to finance the Project shall be tax exempt pursuant to Section 103 of the Internal Revenue Code, as amended, and in conformity with the rules and requirements of Rev. Proc. 82 -26. Further, the purpose of this agreement is to set forth the terms and conditions relating to the construction, operation and management of the Project. 2. DEFINITIONS. The words and terms as used in this agreement shall have the following meanings, unless the context or use indicates another or different meaning or intent: "Agreement" shall mean this Lease Purchase Agreement together with any amendments hereto. "Bond Fund" shall mean the fund to be created by the Building Bond Indenture into which basic rentals payable under this agreement shall be deposited. "Building Bond Indenture" or "Indenture" shall mean that trust indenture and security agreement authorizing the Building Bonds to be issued by Heartland to fund a portion of the costs of the Project. "Building Bonds" or "Bonds" shall mean the building bonds issued by Heartland pursu- ant to the Indenture to provide funds to pay a portion of the costs of the construction and acquisition of the Project. "Code" shall mean the Internal Revenue Code of 1986, as amended.