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municipal advisor (as defined in Securities and Exchange Commission Rule 15Ba1), and for financial advice purposes, will rely only on the advice of the Municipal Advisor. Capitalized terms used and not otherwise defined in this Bond Purchase Agreement shall have the same meanings given them in that certain Indenture of Trust, dated as of 1, 2018 (the "Indenture"), by and between the Successor Agency and The Bank of New York Mellon Trust Company, N.A., as trustee (the "Trustee"), pursuant to which the Bonds are being issued. Purchase and Sale; Use of Proceeds. (a) Upon the terms and conditions and in reliance upon the representations, warranties and covenants herein, the Successor Agency hereby agrees to sell to the Underwriter and the Underwriter hereby agrees to purchase from the Successor Agency for offering to the public, all (but not less than all) of the (i) $ Successor Agency to the former Community Redevelopment Agency of the City of Santa Ana Tax Allocation Refunding Bonds, Series 2018A (Tax -Exempt) (the "Series A Bonds"), at the purchase price of $ (the "Series A Purchase Price") (being the principal amount of the Series A Bonds of $ , less an Underwriter's discount of $ , and plus a net original issue premium of $ and the (ii) $ Successor Agency to the former Community Redevelopment Agency of the City of Santa Ana Tax Allocation Refunding Bonds, Series 2018B (Federally Taxable) (the "Series B Bonds," and together with the Series A Bonds, the "Bonds"), at the purchase price of $ (the "Series B Purchase Price," and together with the Series A Purchase Price, the "Purchase Price") (being the principal amount of the Series B Bonds of $ , less an Underwriter's discount of $ , and less an original issue discount of The Purchase Price will be delivered to the Trustee on behalf of the Successor Agency. The Purchase Price is to be paid on the Closing Date (as defined in Section 6 below). The Bonds shall be dated the Closing Date, and shall bear interest at the rates, shall mature on the dates and in the principal amounts, all as set forth in the attached Exhibit A. As an accommodation to the Successor Agency, the Underwriter will pay, from the Purchase Price, the sum of $ to (the "Insurer") as the premium for the portion of its municipal bond insurance policy issued for the Bonds (the "Municipal Bond Insurance Policy") and allocable to the Bonds and the sum of $ to the Insurer as the premium for its reserve account municipal bond insurance policy issued for the Bonds (the "Reserve Account Insurance Policy") and allocable to the Bonds. Such amounts shall be credited against the Purchase Price to be remitted by the Underwriter to the Trustee pursuant to the foregoing paragraph. (b) The Bonds are being issued for the purpose of (a) providing funds to the Successor Agency to refund in whole the following bonds issued by the Community Redevelopment Agency of the City of Santa Ana (the "Former Agency"), (i) the outstanding Community Redevelopment Agency of the City of Santa Ana, South Main Street Redevelopment Project, Tax Allocation Bonds, Series 2003A (the "Series 2003A Bonds"), (ii) the outstanding Community Redevelopment Agency of the City of Santa Ana, South Main Street Redevelopment Project, Tax Allocation Refunding Bonds, Series 2003B (the "Series 2003B Bonds") and (iii) the outstanding Community Redevelopment Agency of the City of Santa Ana Tax Allocation Bonds (Merged Project Community Redevelopment Agency of the City of Santa Ana Tax Allocation Bonds (Merged Project Area), 2011 Series A (the "Series 2011 Bonds" and, together with the Series 2003A Bonds, and the Series 2003B Bonds, the "Refunded Bonds"); (b) purchasing the Municipal Bond Insurance Policy 2 SA -3-94