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[424]

Part of Minutes of the University of Kentucky Board of Trustees

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EXHIBIT C BID FORM Subject to the terms and conditions set forth in a Resolution of the Board of Trustees of the University of Kentucky, providing for the sale of $ of University of Kentucky Hospital Revenue Bonds, Series A, dated August 1, 1986, and in accordance with the Notice of Bond Sale, as advertised, and in accordance with the Official Terms and Conditions of Sale of Bonds, to all of which the undersigned agrees, the undersigned hereby submits the following offer to purchase such Bonds. We hereby bid the total sum of $ (not less than $ (97-3/4%) plus accrued interest from 1, 19_ to the date of the delivery of the Bonds, at the following annual interest rate(s): Bond Year Ending August 1 1990 1991 Principal Maturing $ Interest Rate(s) 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 It is understood that the Bonds are offered for sale on the basis of the interest on the Bonds not being subject to Federal or Kentucky income taxation on the date of delivery of the Bonds and of the principal of the Bonds not being subject to Kentucky ad valorem taxation, and that the Board will furnish the final, approving legal opinion of Rubin & Hays, Suite 300, 209 South Fifth Street, Louisville, Kentucky. A certified or a bank cashier's check in the amount of $ (1%), payable to the Board of Trustees of the