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9. Expenses. The Underwriters shall be under no obligation to pay, and the County shall <br /> pay, any expense incident to the performance of the County's obligations hereunder including, but not <br /> limited to: (a)the cost of preparation,printing and delivery of the Resolution; (b) the cost of preparation <br /> and printing of the Series 2001 Bonds; (c)the fees and disbursements of Bond Counsel and Disclosure <br /> Counsel; (d) the fees and disbursements of the County's certified public accountants; (e) the fees and <br /> disbursements of any experts,consultants or advisors retained by the County; (f)fees for bond ratings;(g) <br /> the fees and expenses ofthe Registrar,the Paying Agent and of their respective counsel; and(h)the costs <br /> of preparing,printing and delivering the Preliminary Official Statement and the Official Statement and any <br /> supplements or amendments thereto. <br /> The Underwriters shall pay: (a) all advertising expenses; and(b) all other expenses incurred by <br /> them or any of them in connection with the public offering ofthe Series 2001 Bonds.In the event that either <br /> parry shall have paid obligations of the other as set forth in this Section 9,adjustment shall be made at the <br /> time of the Closing. <br /> 10. Notices. Any notice or other communicationto be given to you under this Bond Purchase <br /> Contract maybe givenbymailingthe same to Indian River County,Florida, 1840 25thStreet,Vero Beach, <br /> Florida 32960,to the attentionofthe County Administrator,withcopies to the Director ofFinance and the <br /> County Attorney, and any such notice or other communication to be given to the Underwriters may be <br /> mailed to WilliamR Hough&Co., 100 Second Avenue South, Suite 800,St.Petersburg, Florida 33701. <br /> 11. Parties in Interest. This Bond Purchase Contract is made solely for the benefit of the <br /> County and the Underwriters and no other party or person shall acquire or have any right hereunder or by <br /> virtue hereof. All your representations,warranties and agreements in this Bond Purchase Contract shall <br /> remain operative and in full force and effect and shall survive the delivery of the Series 2001 Bonds. <br /> 12. Waiver. Notwithstandingany provisionhereintothe contrary,the performance ofany and <br /> all obligations ofthe County hereunder and the performance of any and all conditions contained herein for <br /> the benefit of the Underwriters may be waived by the Underwriters, in their sole discretion, and the <br /> approval of the Underwriters when required hereunder or the determination of their satisfaction as to any <br /> document referred to herein shall be in writing, signed by an appropriate officer or officers of the <br /> Underwriters and delivered to you. <br /> 13. No Liability. Neither the Board of County Commissioners, nor any of the members <br /> thereof,nor any officer,agent or employee thereof,shall be charged personally by the Underwriters with <br /> any liability,or held liable to the Underwriters under any term or provision of this Bond Purchase Contract <br /> because ofits execution or attempted execution,or because ofany breach or attempted or alleged breach <br /> thereof. <br /> 14 <br />