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<br />EXHIBIT A <br /> <br />FORM OF BOND <br /> <br />No. R-l <br /> <br />UNITED STATES OF AMERICA <br />ST ATE OF NORTH DAKOTA <br /> <br />COUNTY OF CASS <br /> <br />UNIVERSITY FACILITIES REVENUE BOND <br />(NDSU DEVELOPMENT FOUNDATION PROJECT) <br />SERIES 2005 <br /> <br />$3,500,000 <br /> <br />Interest Rate <br /> <br />0/0 <br /> <br />Maturity Date <br />December 1,2020 <br /> <br />Date of Orieinal Issue <br />December _, 2005 <br /> <br />REGISTERED OWNER: WELLS FARGO BROKERAGE SERVICES, LLC <br /> <br />PRINCIPAL AMOUNT: THREE MILLION FIVE HUNDRED THOUSAND AND <br />NO/I00 DOLLARS <br /> <br />KNOW ALL MEN BY THESE PRESENTS that the County ofCass, North Dakota (the <br />"Issuer"), for value received, hereby promises to pay to the registered owner specified above or <br />registered assigns, but only from the sources referred to herein, the principal amount specified above, <br />on the maturity date specified above, with interest on the outstanding and unpaid balance of such <br />principal sum from the date hereof at the annual interest rate specified above (computed on the basis <br />of a 365/360-day year). Principal and interest shall be payable on June 1 and December 1 in each <br />year, commencing June 1, 2006 (each, a "Payment Date"), from the Date of Original Issue or (in <br />the case of transfer or exchange) from the most recent Payment Date for which principal and interest <br />have been paid or provided for to the registered owner hereof, all subject to the provisions referred <br />to herein with respect to the redemption of the principal ofthis Bond before maturity. Principal and <br />interest due hereunder shall be payable at the principal office of the Lender (defined below), or at <br />such other place as the Lender may designate in writing. <br /> <br />This Bond is one of an authorized issue of Bonds in the aggregate principal amount of <br />$3,500,000 to be issued for the purpose of financing the construction and equipping of office space, <br />locker rooms, meeting rooms and related facilities in the Fargodome for use by North Dakota State <br />University (the "Facility"). Proceeds of the Bonds will be loaned to NDSU Development <br />Foundation, a North Dakota nonprofit corporation (the "Corporation"), under the provisions of a <br />Loan Agreement dated as of December 1,2005, by and between the Issuer and the Corporation (the <br />"Loan Agreement"). The Bonds have been designated as "qualified tax-exempt obligations" by the <br />Issuer for purposes of Section 265(b)(3) ofthe Internal Revenue Code of 1986, as amended. <br /> <br />A-l <br />