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Dell Financial Services/Computer & Monitor Leases 14FEB 1 1-1 2014 CITY OF IA OWNTA This Master Lease Agreement (this "Agreement'), effective as of the Effective "Commencement Date"). The period beginning on the Acceptance Date Date set forth above, is between the Lessor and Lessee named above. and ending on the last day of the Primary Term, together with any renewals Capitalized terms have the meaning set forth in this Agreement. or extensions thereof, is defined as the "Lease Term. The Lease is non- 1. LEASE. cancelable by Lessee, except as expressly provided in Section 5. Lessor hereby leases to Lessee and Lessee hereby leases the equipment ("Products'), Software (defined below), and services or fees, where applicable, as described in any lease schedule ("Schedule"). Each Schedule shall incorporate by reference the terns and conditions of this Agreement and contain such other terms as are agreed to by Lessee and Lessor. Each Schedule shall constitute a separate lease of Products ("Lease'). In the event of any conflict between the terms of a Schedule and the terms of this Agreement, the terms of the Schedule shall prevail. Lessor reserves all.rights to the Products not specifically granted to Lessee in this Agreement or in a Schedule. Execution of this Agreement does not create an obligation of either party to lease to or from the other. 2. ACCEPTANCE DATE; SCHEDULE. (a) Subject to any right of return provided by the Product seller ("Seller") named on the Schedule, Products are deemed to have been irrevocably accepted by Lessee upon delivery to Lessee's ship to location ("Acceptance Date"). Lessee shall be solely responsible for unpacking, inspecting and installing the Products. (b) Lessor shall deliver to Lessee a Schedule for Products. Lessee agrees to sign or otherwise authenticate (as defined under the Uniform Commercial Code, "UCC") and return each Schedule by the later of the Acceptance Date or five (5) days after Lessee receives a Schedule from Lessor. If the Schedule is not signed or otherwise authenticated by Lessee within the time provided in the prior sentence, then upon written notice from Lessor and Lessee's failure to cure within five (5) days of such notice, Lessor may require the Lessee to purchase the Products by paying the Product Cost charged by the Seller, plus any shipping charges, Taxes or Duties (defined below) and interest at the Overdue Rate accruing from the date the Products are shipped through the date of payment. If Lessee returns any leased Products in accordance with the Seller's return policy, it will notify Lessor. When Lessor receives a credit from the Seller for the returned Product, the Schedule will be deemed amended to reflect the return of the Product and Lessor will adjust its billing records and Lessee's invoice for the applicable Lease. In addition, Lessee and Lessor agree that a signed Schedule may be amended by written notice from Lessor to Lessee provided such notice is (i) to correct the serial (or service tag) number of Products or (ii) to adjust the related Rent (defined below) on the Schedule (any increase up to 15% or any decrease) caused by any change made by Lessee in Lessee's order with -the Seller. 3. TERM. The initial term (the "Primary Term") for each Lease shall begin on the date set forth on the Schedule as the Commencement Date (the RENT; TAXES; PAYMENT OBLIGATION. (a) The rental payment amount ("Rent"), and the payment period for each installment of Rent ("Payment Period') shall be stated in the Schedule. A prorated portion of Rent calculated based on a 30-day month, 90-day quarter or 360-day year (as appropriate) for the period from the Acceptance Date to the Commencement Dale shall be added to the first payment of Rent. All Rent and other amounts due and payable under this Agreement or any Schedule shall. be paid to Lessor in lawful funds of the United States of America at the payment address for Lessor set forth above or at such other address as Lessor may designate in writing from time to time. Whenever Rent and other amounts payable under a Lease are not paid when due, Lessee shall pay interest on such amounts at a rate equal to the lesser of 1 % per month or the highest such rate permitted by applicable law ("Overdue Rate"). Rent shall be due and payable whether or not Lessee has received an invoice showing such Rent is due. Late charges and reasonable attorney's fees necessary to recover Rent and other amounts owed hereunder are considered an integral part of this Agreement. (b) EACH LEASE SHALL BE A NET LEASE. In addition to Rent, Lessee shall pay sales, use, excise, purchase, property, added value or other taxes, fees, levies or assessments lawfully assessed or levied against Lessor or with respect to the Products and the Lease ("collectively "Taxes"), and customs, duties or surcharges on imports or exports .(collectively, "Duties"), plus all expenses incurred in connection with Lessor's purchase and Lessee's use of the Products, including but not limited to shipment, delivery, Installation, and insurance. Unless Lessee provides Lessor With a tax exemption certificate acceptable to the relevant taxing authority prior to Lessor's payment of such Taxes, Lessee shall pay to Lessor all Taxes and Duties upon demand by Lessor. Lessor may, at its option, invoice Lessee for estimated personal property tax with the Rent Payment. Lessee shall.pay all utility and other charges incurred in the use and maintenance of the Products. (c) EXCEPT AS EXPRESSLY PROVIDED IN SECTION 5, LESSEE'S OBLIGATION TO PAY ALL RENT AND OTHER AMOUNTS WHEN DUE AND TO OTHERWISE PERFORM AS REQUIRED UNDER THIS AGREEMENT AND EACH SCHEDULE SHALL BE ABSOLUTE AND UNCONDITIONAL, AND SHALL NOT BE SUBJECT TO ANY ABATEMENT, REDUCTION, SET-OFF, DEFENSE, COUNTERCLAIM, INTERRUPTION, DEFERMENT OR RECOUPMENT FOR ANY REASON WHATSOEVER WHETHER ARISING OUT OF ANY CLAIMS BY LESSEE AGAINST LESSOR, LESSOR'S. ASSIGNS, THE SELLER, OR THE SUPPLIER OR MANUFACTURER OF THE PRODUCTS, TOTAL OR PARTIAL LOSS OF THE PRODUCTS OR THEIR USE OR POSSESSION, OR OTHERWISE. If any Product is unsatisfactory for any reason, Lessee shall make its claim DFS Public MMOSW.0.10.12doU Page 1 of 5 032213 solely against the Seller of such Product (or the Licensor in the case of Software, as defined below) and shall nevertheless pay Lessor or its assignee all amounts due and payable under the Lease. 5. APPROPRIATION OF FUNDS. (a) Lessee intends to continue each Schedule for the Primary Term and to pay the Rent and other amounts due thereunder. Lessee reasonably believes that legally available funds in an amount sufficient to pay all Rent during the Primary Term can be obtained and agrees to do all things lawfully within its power to obtain and maintain funds from which the Rent and other amounts due may be paid. (b) Lessee may terminate a Schedule in whole, but not in part by giving at least sixty (60) days notice prior to the end of the then current Fiscal Period (as defined in the Lessee's Secretary/Clerk's Certificate provided to Lessor) certifying that: (1) sufficient funds were not appropriated and budgeted by Lessee's governing body or will not otherwise be available to continue the Lease beyond the current Fiscal Period; and (2) that the Lessee has exhausted all funds legally available for payment of the Rent beyond _the current Fiscal Period. Upon termination of the Schedule, Lessee's obligations under the Schedule (except those that expressly survive the end of the Lease Term) and any interest in the Products shall cease and Lessee shall surrender the Products in accordance with Section 8. Notwithstanding the foregoing, Lessee agrees that, without creating a pledge, lien or encumbrance upon funds available to Lessee in other than its current Fiscal Period, it will use its best efforts to take all action necessary to avoid termination of a Schedule, including making budget requests for each Fiscal Period during each applicable Lease Term for adequate funds to meet its Lease obligations and to continue the Schedule in force. (c) Lessor and Lessee intend that the obligation of Lessee to pay Rent and other amounts due under a Lease constitutes a current expense of Lessee and is not to be construed to be a debt in contravention of any applicable constitutional or statutory limitation on the creation of indebtedness or as a pledge of funds beyond. Lessee's current Fiscal Period. 6. LICENSED MATERIALS. Software means any operating system software or computer programs included with the Products (collectively, "Software"). "Licensed Materials" are any manuals and documents, end user license agreements, evidence of licenses, including without limitation, any certificate of authenticity and other media provided in connection with such Software, all as delivered with or affixed as a label to the Products. Lessee agrees that this Agreement and any Lease (including the sale of any Product pursuant to any purchase option) does not grant any title or interest in Software or Licensed Materials. Any use of the terms "sell;' "purchase," "license," "lease," and the like in this Agreement or any Schedule with respect to Licensed Materials shall be interpreted in accordance with this Section 6. 7. USE; LOCATION; INSPECTION. Lessee shall (a) comply with all terms and conditions of ' any Licensed Materials and (b) possess and operate the Products only (i) in accordance with the Seller's supply contract and any service provider maintenance and operating manuals, documentation and applicable laws; and (ii) for the business purposes of Lessee. Lessee agrees not to move Products from the location(s) specified in the Schedule without providing Lessor with at least 30 days prior written notice, and then only to a location within the continental United States and at Lessee's expense. Without notice to Lessor, Lessee may temporarily use laptop computers at other locations, including outside the United States, provided Lessee complies with the United States Export Control Administration Act of 1979 and the Export Administration Act of 1985, as those Acts are amended from time to time (or any successor or similar legislation). Provided Lessor complies with Lessee's reasonable security requirements, Lessee shall allow Lessor to inspect the premises where the Products are located from time to time during reasonable hours after reasonable notice in order to confirm Lessee's compliance with its obligations under this Agreement. 8. RETURN. At the expiration or earlier termination of any Schedule, and except for Products purchased pursuant to any purchase option under the Lease, if any, Lessee will (a) remove all proprietary data from the Products; and. (b) return them to Lessor at a place within the contiguous United States designated by Lessor. Upon return of the Products, Lessee's right to the operating system Software in returned Products will terminate and Lessee will return the Products with the original certificate of authenticity (attached and unaltered) for the original operating system Software. Lessee agrees to deinstall and package the Products for return in a manner which will protect them from damage. Lessee shall pay all costs associated with the packaging and return of the Products and shall promptly reimburse Lessor for all costs and expenses for missing or damaged Products or operating system Software. If Lessee fails to return all of the Products at the expiration of the Lease Term or earlier termination (other than for non -appropriation) in accordance with this Section, the Lease Term with respect to the Products that are not returned shall continue to be renewed as described in the Schedule. RISK OF LOSS; MAINTENANCE; INSURANCE. (a) From the time the Products are delvered to Lessee's ship to locatibh until the Products are returned to Lessor's designated return location or purchased by Lessee, Lessee agrees: (1) to assume the risk of loss ordamage to the Products; (1i) to maintain the Products in good operating condition and appearance, ordinary wear and tear excepted, (iii) to comply with all requirements necessary to enforce all warranty rights; and (iv) to promptly repair any repairable damage to the Products. During the Lease Term, Lessee at its sole discretion has the option to purchase a maintenance agreement from the provider of its choice (including, if it so chooses, to self - maintain the Products) or to forgo such maintenance agreement altogether, regardless of Lessee's choice, Lessee will continue to be responsible for its obligations as stated in the first sentence of this Section. At all times, Lessee shall provide the following insurance: (x) casualty loss insurance for the Products for no less than the Stipulated Loss Value (defined below) naming Lessor as a loss payee: (y) liability insurance with respect to the Products for no less than an amount as required by Lessor, with Lessor named as an additional insured; and (z) such other insurance as may be required by law which names Lessee as an insured and Lessor as an additional insured. Upon Lessor's prior written consent, Lessee may provide this insurance pursuant to Lessee's existing self insurance policy or as provided for under state law. Lessee shall provide Lessor with either an annual certificate of third party insurance or a written description of its self insurance policy or relevant law, as applicable. The certificate of insurance will provide that Lessor shall receive at least ten (10) days prior written notice of any material change to or cancellation of the insurance policy or Lessee's self-insurance program, if previously approved by Lessor. If Lessee does not give Lessor evidence of insurance in accordance Wth the standards herein, Lessor has the right, but not the obligation, to obtain such insurance covering Lessor's interest in the Products for the Lease Term, including renewals. If Lessor obtains such insurance, Lessor will add a monthly, quarterly or annual charge (as appropriate) to the Rent to reimburse Lessor for the insurance premium and Lessor's then current insurance administrative fee. (b) If the Products are lost, stolen, destroyed, damaged beyond repair or in the event of any condemnation, confiscation, seizure or expropriation of such Products ("Casualty Products"), Lessee shall promptly (i) notify Lessor of the same and (H) pay to Lessor the Stipulated Loss Value for the Casualty Products. The Stipulated Loss Value is an amount equal to the sum of (a) all Rent and other amounts then due and owing (including interest at the Overdue Rate from the due date until payment is received) under the Lease, plus (b) the present value of all future Rent to become due under the Lease during the remainder of the Lease Term, plus (c) the present value of the estimated in place Fair Market Value of the Product at the end of the Primary Term as determined by Lessor; plus (d) all other amounts to become due and owing during the remaining Lease Term. Unless priced as a tax-exempt Schedule, each of (b) and (c) shall be calculated using the federal funds rate target reported in the Wall Street Journal on the Commencement Date of the applicable Schedule. The discount rate applicable to tax-exempt Schedules shall be federal funds rate target reported in the Wall Street Journal on the Commencement Date of the applicable Schedule less 100 basis points. 10. ALTERATIONS. OFS Public MLA.0SW.0.10.12dobt Page 2 of 5 032213 Lessee shall, at its expense, make such alterations to the Products during the Lease Term as are legally required or provided at no charge by Seller. Lessee may make other alterations, additions or improvements to the Products provided that any alteration, addition or improvement shall be readily removable and shall not materially impair the value or utility of the Products. Upon the return of any Product to Lessor, any alteration, addition or improvement that is not removed by Lessee shall become the property of Lessor free and clear of all liens and encumbrances. 11. REPRESENTATIONS AND WARRANTIES OF LESSEE. Lessee represents, warrants and covenants to Lessor and will provide to Lessor at Lessor's request all documents deemed necessary or appropriate by Lessor, including Certificates of Insurance, financial statements, Secretary or Clerk Certificates, essential use information or documents (such as affidavits, notices and similar instruments in a form satisfactory to Lessor) and Opinions of Counsel (in substantially such form as provided to Lessee by Lessor and otherwise satisfactory to Lessor) to the effect that, as of the time Lessee enters into this Agreement and each Schedule that: (a) Lessee is an entity duly organized and existing under•and by virtue of the authorizing statute or constitutional provisions of its state,and is a state or political subdivision thereof as described in Section 103(a), of the Internal Revenue Code of 1986. as amended, and the regulations promulgated thereunder as in effect and applicable to the Agreement, or any Schedule, with full power and authority to enter into this Agreement and any Schedules and perform all of its obligations under the Leases; (b) This Agreement and each Schedule have been duly authorized, authenticated and delivered by Lessee by proper action of its governing board at a regularly convened meeting and attended by the requisite majority of board members, or by other appropriate official authentication, as applicable, and all requirements have been met and procedures have occurred in order to ensure the validity and enforceability of this Agreement against Lessee; (c) This Agreement and each Schedule constitute the valid, legal and binding obligations of Lessee, enforceable in accordance with their terms; (d) No other approval, consent or withholding of objection is required from any federal, state or local governmental authority or instrumentality with respect to the entering into or performance by Lessee of the Agreement or any Schedule and the transactions contemplated thereby; (e) Lessee has complied with such public bidding requirements and other state and federal laws as may be applicable to the Agreement and any Schedule and the acquisition by Lessee of the Products; (f) The entering into and performance of the Agreement or any Schedule will not (i) violate any judgment, order, law or regulation applicable to Lessee; (ii) result in any breach of, or constitute a default under, any instrument to which the Lessee is a party or by which it or its assets may be bound; or (iii) result in the creation of any lien, charge, security interest or other encumbrance upon any assets of the Lessee or on the Products, other than those created pursuant to this Agreement; (g) There are no actions, suits, proceedings, inquiries or investigations, at law or in equity, before or by any court, public board or body, pending or threatened against or affecting Lessee, nor to the best of Lessee's knowledge and belief is there any basis therefor, which if determined adversely to Lessee will have a material adverse effect on the ability of Lessee to fulfill its obligations under the Agreement or any Schedule; (h) The Products are essential to the proper, efficient and economic operation of Lessee or to the services which Lessee provides to its citizens. Lessee expects to make immediate use of the Products, for which it has an immediate need that is neither temporary nor expected to diminish during the applicable Lease Term. The Products will be used for the sole purpose of performing one or more of Lessee's governmental or proprietary functions consistent within the permissible scope of Lessee's authority; and (1) Lessee has, in accordance with the requirements of law, fully budgeted and appropriated sufficient funds to make all Rent payments and other obligations under this Agreement and any Schedule during the current Fiscal Period, and such funds have not been expended for other purposes. 12. WARRANTY ASSIGNMENT; EXCLUSION OF WARRANTIES; LIMITATIONS ON LIABILITY; FINANCE LEASE. (a) Provided no Event of Default has occurred and is continuing, Lessor assigns to Lessee for the Lease Term the benefit of any Product warranty and right of return provided by any Seller. (b) LESSEE ACKNOWLEDGES THAT LESSOR DID NOT SELECT, MANUFACTURE, SUPPLY OR LICENSE ANY PRODUCT AND THAT LESSEE HAS MADE THE SELECTION OF PRODUCTS BASED UPON ITS OWN JUDGMENT AND EXPRESSLY DISCLAIMS .ANY RELIANCE ON STATEMENTS MADE BY LESSOR OR ITS AGENTS. LESSOR LEASES THE PRODUCTS AS -IS AND MAKES NO WARRANTY, EXPRESS, IMPLIED, OR OTHERWISE, INCLUDING, BUT NOT,LIMITED TO, ANY WARRANTIES OF DESIGN, MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE. LESSEE HEREBY WAIVES ANY CLAIM IT MIGHT HAVE AGAINST LESSOR OR ITS ASSIGNEE FOR ANY LOSS, DAMAGE OR EXPENSE CAUSED BY OR WITH RESPECT TO ANY PRODUCTS. (c) IN NO - EVENT SHALL LESSOR BE LIABLE FOR ANY ACTUAL, SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR RELATED TO THIS AGREEMENT, ANY SCHEDULE OR THE SALE, LEASE -OR USE OF ANY PRODUCTS EVEN IF LESSOR IS ADVISED IN ADVANCE OF THE POSSIBILITY OR CERTAINTY OF SUCH DAMAGES AND EVEN IF LESSEE ASSERTS OR ESTABLISHES A FAILURE OF ESSENTIAL PURPOSE OF ANY LIMITED REMEDY PROVIDED IN THIS AGREEMENT. (d) Lessee agrees that it is the intent of both parties that each lease qualify as a statutory finance lease under Article 2A of the UCC. Lessee acknowledges either (i) that Lessee has reviewed and approved any written supply contract covering the Products purchased from the Seller for lease to Lessee or (ii) that Lessor has informed or advised Lessee, in writing, either previously or by this Agreement, that Lessee may have rights under the supply contract evidencing the purchase of the Products and that Lessee should contact the Seller for a description of any such rights. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, LESSEE HEREBY WAIVES ALL RIGHTS AND REMEDIES CONFERRED UPON A LESSEE BY ARTICLE 2A OF THE UCC. 13. EVENTS OF DEFAULT. It shall be an event of default hereunder and under any Schedule ("Event of Default") if (a) Lessee fails to pay any Rent or other amounts payable under this Agreement or any Schedule within 15 days after the date such payment is due; (b) Any representation or warranty made by Lessee to Lessor in connection with this Agreement, any Schedule or any other Documents is at the time made materially untrue or incorrect; (c) Lessee fails to comply with any other obligation or provision of this Agreement or any Schedule and such failure shall have continued for 30 days after notice from Lessor, (d) Lessee (i) is generally not paying its debts as they become due or (ii) takes action for the purpose of invoking the protection of any bankruptcy or insolvency law, or any such law is invoked against or with respect to Lessee or its property and such petition is not dismissed within 60 days; (a) Any provision of this Agreement ceases to be valid and binding on Lessee, is declared null and void, or its validity or enforceability is contested by Lessee or any governmental agency or authority whereby the loss of such provision would materially adversely affect the rights or security of Lessor, or Lessee denies any further liability or obligation under this Agreement; or (f) Lessee is in default under any other lease, contract, or obligation now existing or hereafter entered into with Lessor or Seller or any assignee of Lessor. 14. REMEDIES; TERMINATION. (a) Upon an Event of Default under any Schedule, all of Lessee's rights DFS Public MLA.OSW.8.10.12dotz Page 3 of 5 032213 (including its rights to the Products), but not its obligations thereunder, shall automatically be canceled without notice and Lessor may exercise one or more of the following remedies in its sole discretion: () require Lessee to return any and all such Products in accordance with Section 8, or if requested by Lessor, to assemble the Products in a single location designated by Lessor and to grant Lessor the right to enter the premises where such Products are located (regardless of where assembled) for the purpose of repossession; (ii) sell, lease or otherwise dispose of any or all Products (as agent and aftomey-in-fact for Lessee to the extent necessary) upon such terms and in such manner (at public or private sale) as Lessor deems advisable in its sole discretion ("Disposition"); (III) declare immediately due and payable as a pre -estimate of liquidated damages for loss of bargain and not as a penalty, the Stipulated Loss Value of the Products in lieu of any further Rent, in which event Lessee shall pay such amount to Lessor within 10 days after the date of Lessor's demand; or (iv) proceed by appropriate court action either at law or in equity (including action for specific performance) to enforce the performance by Lessee or recover damages associated with such Event of Default or exercise any other remedy available to lessor in law or in equity. (b) Lessee shall pay all costs and expenses arising or Incurred by Lessor, including reasonable attorney fees, in connection with or related to an Event of Default or the repossession, transportation, re -furbishing, storage and Disposition of any or all Products ("Default Expenses"). In the event Lessor recovers proceeds (net of Default Expenses) from its Disposition of the Products, Lessor shall credit such proceeds against the owed Stipulated Loss Value. Lessee shall remain liable to Lessor for any deficiency. With respect to this Section, to the extent the proceeds of the Disposition (net of Default Expenses) exceed the Stipulated Loss Value owed under the Lease, or Lessee has paid Lessor the Stipulated Loss Value, the Default Expenses and all other amounts owing under the Lease, Lessee shall be entitled to such excess and shall have no further obligations with respect to such Lease. All rights of Lessor are cumulative and not alternative and may be exercised by Lessor separately or together. 15. QUIET ENJOYMENT. Lessor shall not interfere with Lessee's right to possession and quiet enjoyment of Products during the relevant Lease Term, provided no Event of Default has occurred or is continuing. Lessor represents and warrants that as of the Commencement Date of the applicable Schedule, Lessor has the right to lease the Products to Lessee. 16. INDEMNIFICATION. To the extent permitted by law, Lessee shall indemnify, defend and hold Lessor, its assignees, and their respective officers, directors, employees, representatives and agents harmless from and against, all claims, liabilities, costs or expenses, including legal fees and expenses (collectively, "Claims"), arising from or incurred in connection with this Agreement, any Schedule, or the selection, manufacture, possession, ownership, use, condition, or return of any Products (including Claims for personal injury or death or damage to property, and to the extent Lessee is responsible, Claims related to the subsequent use or Disposition of the Products or any data in or alteration of the Products. This indemnity shall not extend to any loss caused solely by the gross negligence or willful misconduct of Lessor. Lessee shall be responsible for the defense and resolution of such Claim at its expense and shall pay any amount for resolution and all costs and damages awarded against or incurred by Lessor or any other person indemnified hereunder; provided, however, that any person indemnified hereunder shall have the right to participate in the defense of such Claim with counsel of its choice and at its expense and to approve any such resolution. Lessee shall keep Lessor informed at all times as to the status of the Claim. 17. OWNERSHIP; LIENS AND ENCUMBRANCES; LABELS. As between Lessor and Lessee, title to the Products (other than the Licensed Materials) is and shall remain with Lessor. Products are considered personal property and Lessee shall, at Lessee's expense, keep the Products free and clear of liens and encumbrances of any kind (except those DFS Public MIA.OSWA10.12doU Page 032213 arising through the acts of Lessor) and shall immediately notify Lessor if Lessor's interest is subject to compromise. Lessee shall not remove, cover, or alter plates, labels, or other markings upon Products by Lessor, Seller or any other supplier. 18. NON-PERFORMANCE BY LESSEE. If Lessee shall fail to perform any of its. obligations hereunder or under any. Schedule, Lessor shall have the right but not the obligation to effect such performance and Lessee shall promptly reimburse Lessor for all out of pocket and other reasonable expenses incurred in connection with such performance, with interest at the Overdue Rate. 19. NOTICES. Ali notices shall be given in writing and, except for billings and communications in the ordinary course of business, shall be delivered by overnight courier service, delivered personally or sent by certified mail, return receipt requested, and shall be effective on the date of receipt unless mailed, in which case the effective date will be four (4) Business Days after the date of mailing. Notices to Lessor by Lessee shall be sent to: Dell Financial Services L.L.C. Legal Department, One Dell Way, Round Rock, TX 78682, or such other mailing address designated in writing by Lessor. Notice to Lessee shall be to the address on the first page of this Agreement or such other mailing address designated in writing by Lessee. 20. ASSIGNMENT. (a) LESSEE MAY ASSIGN THIS AGREEMENT OR ANY SCHEDULE, OR SUBLEASE ANY PRODUCT(S) WITH THE PRIOR WRITTEN CONSENT OF LESSOR (SUCH CONSENT NOT TO BE UNREASONABLY WITHHELD). LESSOR, AT ITS SOLE DISCRETION, MAY ASSESS AN ADMINISTRATIVE FEE FOR ANY APPROVED ASSIGNMENT OR SUBLEASE. No assignment or sublease shall in any way discharge Lessee's obligations to Lessor under this Agreement or Schedule. (b) Lessor may at any time without notice to Lessee, but subject to the rights of Lessee, transfer, assign,or grant a security interest in any Product, this Agreement, any Schedule, or any rights and obligations hereunder or thereunder in whole or in part. Lessee hereby consents to such assignments, agrees to comply fully with the terms thereof, and agrees to execute and deliver promptly such acknowledgments, opinions of counsel and other instruments reasonably requested to effect such assignment. (c) Subject to the foregoing, this Agreement and each Schedule shall be binding upon and inure to the benefit of Lessor, Lessee and their successors and assigns. 21. GOVERNING LAW; JURISDICTION AND VENUE; WAIVER OF JURY TRIAL. THIS AGREEMENT AND EACH SCHEDULE SHALL BE GOVERNED BY CALIFORNIA LAW WITHOUT REGARD TO ITS CONFLICTS OF LAW PRINCIPLES AND, TO THE EXTENT APPLICABLE, THE ELECTRONIC SIGNATURES IN GLOBAL AND NATIONAL COMMERCE ACT. LESSEE CONSENTS TO THE JURISDICTION OF ANY FEDERAL COURT LOCATED IN RIVERSIDE COUNTY, CALIFORNIA AND WAIVES ANY OBJECTION TO VENUE IN SUCH COURT, AND FURTHER WAIVES ANY RIGHT TO A TRIAL BY JURY. 22. MISCELLANEOUS. (a) The headings used in this Agreement are for convenience only and shall have no legal effect. This Agreement shall be interpreted without any strict construction in favor of or against either party. (b) The provisions of Sections 6, 8, 11. 12(b), 12(c), 12(d), 16, 21 and 22 shall continue in full force and effect even after the termination or expiration of this Agreement or any Schedule. (c) Failure of Lessor at any time to require Lessee's performance of any obligation shall not affect the right to require performance of that obligation. No term, condition or provision of this Agreement or any Schedule shall be waived or deemed to have been waived by Lessor unless it is in writing and signed by a duly authorized representative of Lessor. A valid waiver is limited to the specific situation for which it was given. 4of5 Lessee shall furnish. such financial. statements, of.lessee; (prepared in aecordance. vAth generally. accepted accounting. pt(no)ptes) 6dcr .tither' infpirriagon it w sbr niay ffom.lime (o lime reasonab{y'requesl. (e)If any. pmvlsron.(s) o(:this.;Pgreement:is; dWmed Walid:of unenforceable.': fo any,.extenl.:(ofher tbart.prbvlsions going to tha essence of this Agreement): the :same shall riot' In any respecl;affeci. the validity: legality or;erjforreabijily:(to the futlest:exlent permitferi by jai+} of Itie remaindor of ttt(s Agreerriertt and the patties: shaft tiro?ifiiir. best; e((oRs..to. jgpli�ce::suclT..°p(rgat invalid.„oi unenforceable proissioii:vriih an enforceable prowstoii:approximalfng to.ths: exleat possrbre . the origiital:intent of'the parties, (t) . Unress oft rvrise prov(¢ed: all obligations .,tiereuntler.sltall:be:performed :ofobserved at:Ihe:respeaGve pbdy's,expense- (g) Lessee shall lake: any actl-an-reasonably:.requested:by Lessor for the.- pu[R e;of fulty,e[fectualirig ttie: pjteril and pufposes :of this /Vc reeiiient or:any Schetlule:.11 ary,Lease is, �eleni»neii to'tie: oUmer Uian a tnie_ lease; Lessen; proceeds thereof. Lessee:acKriowfedges..tfiat;:by::slgniiig. This Agreement: Lessee. has authorized 1_6 sor:lo-fite arty firiancirigslatemerits orielated;rrtirigs as..Lessor mayreasonably deem necessary.or:approprlate,.: Lessor. rnay.fife a • Copy:of this• Agreement or any Sdteduie in lieu dfa'firiani3ingstalement. F,XeCUTEfl;tiyithe undersigned pn tltedatesAs. fatttt , low;;to be`etfectiye.: as of the Effective Date.: _ - ' of•La;Qulrtta Ca"omfa; "tes R,Y.. ^^E; Fran J. Spe cek, City Manager! T1TtE City o a uinta California DELL. Ff.NANCIAL:SERVICES:L.L Q, "Lessor° - (h) INS Agreement and any .Scn We may be signed in any number of counterparts each of which when so executed or;otheivhse?authenticated and deGv$red shall be an original but all eounterptirls. shall; together constitute one .and. file same instniment. T.(k the extent :each.Schedule would. constitute APPROVED AS TO 0 :Chatiei _paper astha ' t legal t5 dermed I the. UCC,. 6o seeurity.intetesl may ee . ' crealed..Ihiouflh•:Ihe .transfer or.canlrol or• possession: as applicable; 'of a' coirnlerpnit- of Sdtedule_: other than .the' oifgfnal :In Lessors possession marked by Lessor as eit1w'original":or "Count'& ad Nun!15e.r Thts AgreemenCand Ihe`Schedules hereto between lessor; andLessee M. Ra a ine enson, i A ;torney et:forth all of the vnderslandings and agreements tietween the parties• anti supersede and merge. all prior written or brat.. coinrtiuhicaGdriS; undrrslandings,:or agreements b6tweeri:the parties rerating,.(o tale subjed Maftercontained her6ln. Except ast ermtUt d:herefri..ahig;Agreement;and airy . _. Schetltile: may be amended :bnly .lay,: a:' tNrUfrlg; :duty.: signed :oi::ottieiiNise pajlhenticated by:yessor.-arid LeSsee::lf:Lessee'deQgers.itiis;.¢greement-any :amendment. -or Schedule.: (each a; ?'Document �. to Lessor` ..b , 'facsimile: ;trapsmission, and Lessor'doos:not,rei eive all of thG.pagds of ttx�tD:oCtinieiir, Lesses:agrees :that, eicept (of any:pages•vail�Ei require atslgnalimre; Lessor imay supply -the missing pages to the Doounleot-from Lesso?fs�da[aliase iW6h -Wrlforms. to the vets{on number.at the bottom .of the page: if -Lessee dellvbrs :a.-Mbned Docurent to.Lessoi as an a mail attachrnen[;'facsinilte..transntlsslon br by U.S. inail, Lessee acknowledges •thai.Lessor.is relying..on Lessee's representation that time Document has not been.altered,•Lessce further:agre'es .::that, notwift-tanding' any rule of evidence lorttie: conttary, in anytiearing, trial . or-proceeding:of, any kind with respect.lo in Docunienl,-Lessor r6ay produce a f"ible. copy -of the Document lransrnia6d by. Lessee.lo Lessor by facsimile or. :as ah a -mail allacftmenl and' -such signed copy shall' be deemed Ito be the original of the Document. To the -extent (it ariy).that the Document constitutes .chattel paper under the Uniform Commercial Code. the authoritative copy of the .Document shall. be the copy.designated by. Lessor or its.assignee,.from title l6:Gme, as ihe-c6py d4ailable for -access and'review by lessee; Lessor•of its : assignee. All oilier copies are deemed ,identified as copies of, the. authoritative copy, In Ric ev' W -of inadvertent destruction 'ottttie. authoritative: Copy :or_corruplion of the ablh;6ritalive cbpy for:any.Teason:or as:the resull.of: any Cause the authoritative cgpy rnay.be.restored::ffom a backup, or. archive copy,:Yrnd:ahe restored. copy shall become.the.bw l",rritatiya copy... �t;Lgssiir's: optibit: this eteCtronic.'rr�ciird:may be;converted:frilb.papei fo'm1: Atsui h tkrie, such:papeccopy w. I designated'or'marked-as the allthbritatiVe copy of the [ocrirnenl. oFs Pubitc MLA.0S►V.8,10.12dotx Page 5 of 5. 032213 Financial Servic-es City of La Quinta DELL FLEX LEASE PURCHASE SCHEDULE NO. TBD TO MASTER LEASE AGREEMENT NO. TBD THIS SCHEDULE IS SUBJECT TO AND INCORPORATES THE TERMS AND CONDITIONS OF MASTER LEASE AGREEMENT NO. TBD ("Agreement') DATED BETWEEN Dell Financial Services L.L.C. ("Lessor") AND City of La Quinta ("Lessee"). Lessor hereby agrees to lease and/or make available to Lessee subject to the terms, conditions and provisions'set forth in this Schedule and in the Agreement, the Products described below. Any capitalized term used herein and not defined herein shall have the meaning ascribed to it in the Agreement. PRODUCT DESCRIPTION AND LOCATION: See below or Exhibit "A" attached to and made apart hereof. PRODUCT SELLER: [Dell Inc., One Dell Way, Round Rock, TX 78682] Product Description Product_ Location Lessee Purchase Order'No. Primary Term (Mos.) Commencement Date** See Exhibit A See Exhibit A TBD 49 TBD Rent is payable: in advance Payment Period: Annually * Lessee is responsible for applicable taxes, shipping and other amounts as described in the Agreement, and, with the first payment of Rent any prorated Rent if applicable. Such amounts are further described in Exhibit "A"". ** The Commencement Date maybe extended for one Payment Period until the Schedule is returned in accordance with the terms• in the Agreement. Lessor may charge Lessee prorated Rent accruing from the Acceptance Date to the Commencement Date, as such date is finally determined. LEASE PURCHASE PROVISIONS The following provisions shall apply with respect to this Schedule in addition to those provisions in the Agreement: 1. SECTION 4. RENT; TAXES; PAYMENT OBLIGATION. Insert as a new last sentence to subsection (a) the following: "For the purposes of this Schedule, the Rent and Purchase Price (as of the applicable Purchase Date) are shown in the chart below or on Exhibit "B", attached to and made a part hereof. Payment Number/ Rent Purchase Date Interest Portion Principal Portion Purchase Price" Add as a new Last sentence to subsection (b) the following: "Because the Products will be used for a governmental or proprietary purpose of Lessee, they are exempt from all sales, use and property taxes." 2. SECTION 3. TERM. Insert as a new second paragraph the following: "TECHNOLOGY REFRESH WITH NEW FINANCING OPTION. Provided no Event of Default has occurred or is continuing under this Schedule and the Agreement, Lessee may exercise the following technology refresh option (;Tech Refresh Option") by delivering to Lessor an irrevocable written election notice to exercise the Tech Refresh Option at least 120 days prior to the expiration of the Primary Term and by completing all of the following on or before the beginning of the last month of the.Primary Term (the "Tech Refresh Date"): Page 1 of 3 DFS Public LP Schedule DeIIFlexOption.08252008 (i) Lessee returns all (but not less than all) of the. Products on this Schedule ("Original Products") to Lessor in the same manner as described in the Agreement; and (ii) Lessee enters into a new Schedule under the Agreement (the ".New Lease") with a primary term of at least 24 months for new equipment ("New Products") which are, as determined by Lessor, of the same manufacture, type and quality as the Original Products and which have a Total Product Cost that is at least 75% of the Total Product Cost of the Original Products. When Lessee completely fulfills the terms and conditions of the Tech Refresh option and has made all payments and performed all other obligations under the Schedule and the Agreement, then this Schedule shall terminate and, except as provided in the Agreement, Lessee shall be relieved of all obligations under this Schedule. Notwithstanding the election by Lessee of the Tech Refresh Option, the Schedule and Agreement shall remain in full force and effect and if the terms and condition of the Tech Refresh Option are not fulfilled before the Tech Refresh Date, the Tech Refresh Option shall be null and void and Lessee shall pay the final Rent payment due on the Tech Refresh Date. 3. SECTION 11. REPRESENTATIONS, WARRANTIES AND COVENANTS OF LESSEE. For purposes of this Schedule, add paragraphs Q) through (t) as follows: "a) Lessee will comply. with ,the information reporting requirements of Section,149.(e) of the Code, including tbut not limited to; the execution (and delivery. to.Lessor). of information statements requested by,Lessor (k) Lessee will not do, cause to be done or fail,to do any act if such act or failure to act will cause this Agreement, or any transaction hereunder, to be an Arbitrage Bond within the meaning of Section 148 of the Code or a Private Activity Bond within the meaning of Section 141 of the Code; (1) The total cost of the Products listed in this. Schedule will not be less than the total Principal Portion of the Rent listed in this Schedule; (m) The Products listed in this Schedule have or will be ordered within six months of the date hereof in order to commence such Schedule;, (n) The Products listed in this Schedule are expected to be delivered and installed, and the Seller fully paid, within one year from the date hereof; (o) No fund or account which secures,or otherwise relates to the. Rent has been established (p) Lessee will not sell, encumber or otherwise dispose of any property comprising this Schedule prior to the final maturity or termination of such Schedule without a written opinion of nationally recognized bond counsel to the effect that any such disposition will not adversely affect the exclusion of interest on the Rent from gross income for federal income tax purposes; (q) Lessee agrees to execute, deliver and provide Lessor with satisfactory evidence of the filing of such documentation, as may be required for the'purposes of properly reporting this Schedule, including, without limitation, IRS forms 8038-G or 8038- GC, as required under the Code; (r) It is expected that Rent under this Schedule will be paid from periodic appropriations of the Lessee deposited into the general fund of the Lessee, that such appropriations will equal the Rent due during each Fiscal_ Period of Lessee, and that all amounts paid for Rent will be from an appropriation made by the Lessee during the Fiscal Period in which such Rent is made; (s) To the best of our knowledge, information and belief, the above expectations are reasonable; and (t) Lessee will comply with all applicable provisions of the Code, including without limitation Sections 103, 141 and 148 thereof, and the applicable regulations of the Treasury'Department to maintain the exclusion of the interest components of Rent from gross income for purposes of federal income taxation. Without limiting the generality of the foregoing, Lessee shall acknowledge any assignment of this Schedule in writing and complete an accurate record of all such assignments in a manner that complies with Section 149(a) of the Code and the Treasury Regulations promulgated thereunder." TO THE EXTENT PERMITTED BY LAW, AND IN ADDITION TO LESSEE'S OBLIGATION UNDER SECTION 16 OF THE AGREEMENT, LESSEE HEREBY ASSUMES LIABILITY FOR, AND SHALL PAY WHEN DUE, AND SHALL INDEMNIFY AND DEFEND LESSOR AND ITS SUCCESSORS AND ASSIGNS AGAINST, ANY AND ALL LIABILITIES, LOSSES, DAMAGES, CLAIMS AND EXPENSES (INCLUDING REASONABLE ATTORNEY FEES) RELATING TO OR ARISING, OUT OF LESSEE'S BREACH OF ANY OF ITS REPRESENTATIONS, WARRANTIES, OR COVENANTS CONTAINED IN SECTION 11 OF THE AGREEMENT AS SUPPLEMENTED HEREIN. 4. SECTION 12. WARRANTY ASSIGNMENT; EXCLUSION OF WARRANTIES; LIMITATIONS ON LIABILITY; FINANCE LEASE. e Page 2 or 3 DFS Public LP Schedule DellFlex0ption.08252008 For purposes of this Schedule, delete "FINANCE LEASE" in the title of this Section and delete paragraph (d). 5. SECTION 17. OWNERSHIP; LIENS AND ENCUMBRANCES; LABELS. Insert at the end of this paragraph the following: "Notwithstanding the first sentence of this Section , upon Lessee's acceptance of the Products under this Schedule, title to the Products shall vest in Lessee subject to Lessor's rights under the Agreement; provided that, upon an Event of Default or any termination of this Schedule, other than by Lessee's purchase of the Products, , title to the Products shall immediately and without any action by either party vest in Lessor, and Lessee shall immediately surrender possession of the Products to Lessor. Any such transfer of title shall occur automatically without the necessity of any bill of sale, certificate of title or other instrument of conveyance. Lessee shall, nevertheless, execute and deliver any such instruments as Lessor may request to evidence such transfer. 6. PURCHASE OPTION. Provided that no Event of Default has occurred and is continuing, and at least 60 days but no more than 180 days before the purchase date ("Purchase Date") selected by Lessee, Lessee will give irrevocable written notice to Lessor of its intention to: (i)- purchase the Products for $1.00 at the end of the Primary Term; (ii) purchase the Products at the Purchase Price as stated in Paragraph (i) above or as listed.on Exhibit B, so long as all other amounts due on the Purchase Date have been paid in full; or (iii) return the Products in accordance with,the Agreement for a fee agreed upon by both parties.. Upon satisfaction by Lessee of such conditions,,. Lessee shall be entitled to Lessor's interest in the Products, AS IS, WHERE IS, WITHOUT WARRANTY OR RECOQR�E, ' EXPRESS, IMPLIED OR OTHERWISE, BY OR AGAINST LESSOR, INCLUDING ANY WARRANTIES OF DESIGN, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR AGAINST INFRINGEMENT, other than the absence of any liens by, through, or under Lessor. As continuing security for Lessee's obligations hereunder,.Lessee hereby grants to Lessor, a first -priority security interest in all of Lessee's rights and interest in and to the Products and all proceeds thereof, free and clear of all security interests, liens or encumbrances whatsoever. 7. COMPLETION OF SCHEDULE. Lessee hereby authorizes Lessor to insert or update the serial numbers of the Products from time to time as necessary. If Lessee delivers this signed Schedule, any amendment or other document related to this Schedule or the Master Lease (each a "Document") to Lessor by facsimile transmission, and Lessor does not receive all of the pages of that Document, Lessee agrees that, except for any pages which require a signature, Lessor may supply the missing pages to the Document from Lessor's database which conforms to the version number at the bottom of the page. If Lessee delivers a signed Document to Lessor as an e-mail attachment,:. facsimile transmission or by U.S. mail, Lessee acknowledges that Lessor is relying on Lessee's representation that the Document has not been altered. Lessee further agrees that, notwithstanding any rule of evidence to the contrary, in any hearing, trial or proceeding of any kind with respect to'a Document, Lessor may produce a tangible copy of the Document transmitted by Lessee to Lessor by facsimile or as an e-mail attachment and such signed copy shall be deemed to be the original of the Document. To the extent (if any) that the Document constitutes chattel paper under the Uniform Commercial Code, the authoritative copy of the Document shall be the copy designated by Lessor or its assignee, from time to time, as the copy available for access and review by Lessee, Lessor or its assignee. All other copies are deemed identified as copies of the authoritative copy. In the event of inadvertent destruction of the authoritative copy, or corruption of the authoritative copy for any reason or as the result of any cause, the authoritative copy may be restored from a backup or archive copy, and the restored copy shall become the authoritative copy. At Lessor's option, this electronic record may be converted into paper form. At such time, such paper copy will be designated or marked as the authoritative copy of the Document. By signing below, each of the parties hereto agrees to be bound by the terms of the Agreement, this Schedule and the attached Exhibits "A" and "B". City of. La Quinta Qell Financial Services L.L.0 (Les e) (Lessor) By: u_thoi•ize_ I na__t re) _ (Auth ri7d igp&Rg Frank J. S eva k, City Manager I (Nanne/Title) City of La _ uint_, (Date) (Date) Page 3 of 3 DFS Public LP Schedule DellFlex0ption.08252008 CITY OF to QUINTA LEASE SCHEDULE No.TBD E%HIBMA Commepcemend Date: TBD Termination Date: TBD PO p Quote City Item R Service Tam Item Descriptlon Periodic Rent Total Equipment Cost Expensed Items State Recede Fee Upfront Tax Shipping Cost LRF Asset 670658510 8 225-3650 Dell OptiPlex 9020 All In One $2,319.42 $8,957.35 0.04000 670658838 55 929.3706 Dell OptiPlex 3010 Mlnitower Standard PSU $10,354.43 $39,987.74 0.04000 670659432 63 932-0499 Dell 23.8 Flat Panel Display, P2414H, 23.8n $3,851.22 $14,873.04 0.04000 670663070 3 933-9276 Dell OptiPlex 7010 Mlnitower Base $723.77 ,$2,795.14 0.04000 670656580 - 6 935-6720 Dell Latitude E7440 $2,278.33 $8,798.69 0.04000 " 670661314 3 90D-9997 Dell Latitude E6430 ATG $1,666.62 $6,436.32 - 0.04000 670661568 2 319-0740 Dell Latitude E6530 $503.59 $1,944.80 0.040DO, TBD $21,697.38 $83,793.08 $0.00 $0.00 $0.00 $0.00 Totals: $21,697.38 $83,793.08 $0.00 $0.00 50.00 $0.00 (exduding applicable taxes) Amortization Table Exhibit B City of La Quinta, California Due Date Payment # Opening. Balance RENT INTEREST PRINCIPAL Balance 83,793.08 83,793.08 03/01 /2014 1 83, 793.08 21,697.38 - 21, 697.38 62, 095.70 03/01/2015 2 62,095.70 21,697.38 2,976.71 18,720.67 43,375.03 03/01/2016 3 . 43,375.03 21,697.38 2,079.29 19,618.09 23,756.93 03/01 /2017 4 23,756.93 21,697.38 1,138.85 .20,558.63 3,198.40 03/01 /2018 5 3,198.40 3,351.72 153.32 i 3,198.40 0.00 Prepared For. CITY OF LA QUINTA Mr. Chris Escobedo Y.sittva %,,City 01"wifta. (h191:77-7p10 l ne.a,.u. ' 1— - l Thank you forgiving Del! Fnanc Dl Services L _.0 1"CFS'i tl±e opportunity to prnvirle a taaa:wlogy financing solVlimt. Encloseo is a financing pnspoGat "0. your ruaw tachmtoy needs. 'We look l'—w to d!scasslnq utis oppottuniy ;n tw thw •.let9d tv�th. yo,i If yoi, li eve any questions, pleaso contact Arc at the phone number or small address hetc•vv ' Psvrc;enk: r Annual Giu,iprla{Irnr Monthly, E'aynreres LTtr%•: Ad±r2nc? lvd t'_RCW None Dell Quote Number Summary Product Derscription Product Price :; ,,tended Pdce +:b r.aa 4 Payments _�.�I�1 Flnal DellFlex Payment re b7pf;5li510 Del! ^ptiPlex 9020 tall in One 11.119 6.7 0 ".95735 52,31942 t.a✓; $358,29 67J659036 Deli Opti>Wr 3010 Mink.—Slanuald PSU 57270' 55 130,9F774 pZsS•`•• $.1a,35a.43 51599.51 67U6S9432 Dell 2 i FL r Panel Display, P, 414H, 7.:f.N' s236.00 G? Slef873,04 P, S594.92 670661C70 Pei! Opti:•lat 7010 Mmitc:•rer base 's9'3t.71. 3 1 _TJ5.14 . S72"s,77 041;.)n $111-81 F7;75ir>;8,] Dell Latinists E:7,140 11�46,4 [. $0,79069 r.lsAl $2,278.33 S3S1.95 rirOd!: 1', t» (!,'At Latitude 66a30 AT , 511-0F. 44 56,45632 $1,666.62 - 5257.45 67066156'a Deil Latiludu E65';u $977,40 i 11.,9d4. PO r•r $503.59 ?+:n $7779 TOTALS iG ;:'- .583,793.o6 Pio .�alExoint.I�bnAat4t Marehl-11.2D14 —1 I;y,C.;a;^'j's•'i'J S_27.GT7.3R ! $3,351.72 _ Pin —I Pwpm ty Taa^s s'PPTI do not apply to this (ease. Lw.irr+7 and ;in:n±rioo pro✓ided 6y Dell Financial Services I, L C. rr itz-,i}6jiate rr designee I'DF7l to qualified o:ston±r.�is Offers may not be avallaWe or may vary in cerblin countries. Where evaM6la. offers ma: t,e changed Wihrout r:ouCe and are suhjecr to product *iVJil.WY(v. cryrllt approve!, P.—Wor±:;f docur;wnlaticn pro'vidxf by and ac:eplah;. to Drs. end may he subieca to illnvnw., transaction size. Oflels pot asvilahle fcr personal. hmay or h—s.±otd.,a Dall and the Ur11 logo are Widal.-ks .l Dell Inc -Proposal Is property of DFS, contauo cnnbdenlist :iilorrn;:lWn . rd sisal not `,e. duFafr. ate;i or disclor.ed In s•:hole or par[ prr+porul is not A Our, olfet of financing. P";ng and rates based upon the final arnorot, ccnf guratlon and scecifiaatico bf the supphaU nquiprnarti so1W,; «. sw,;fCgs of lees, pr)fafa payrnent nary be due hl the Risk pay—nl cycle, props.:al +szUudes additional costs to cug.mo, sucn gs shipping, wUA,,wnc'1: Frk6q fans, appii-ble ta8es, Insurance-d'Inli!ar items, Proposal :•slid lincugis ti:e spiratlon oar,• sl•—n above, a( if nor, is specified, for 30:atendar days from date^l presentation, End of Tarm:gptionf: DoIlFlrtw •[11XPwemal lam.Purth�ia •TEC)1z,fOLr)t,Y'REFP.ESH OPTION. The C.-Orle. uC.hnolcgy refresh shu•,tuno is slm4ar io ou; ter eseinpt lens: purchase but ploe+des tine Les ee Iith an eppo:tunity to ef+esh- Me equipment on tIT.Grst day el the last mcorth of the priwary lean fib. ?Shy, 3r'th or 49th month. or the 'Tech Raf't,st. Date, Il.l.essee •NiSha> to eseru;e. Ihis rptinn. Lease^ nwst rtobh• f,es:or In swrting at least I PU days prlo: to it:a.end of the Pintaly Term,'eturn all tbul'not less than £II) pf the eginymenl on In _tease, and orate'. h4o a row tease tit nary, upol aded equlpirent With a m1dinluro 24 month term task yaut DF5 sate, r.pre"wiliva ha tlataBeL Vih:n Lessee completes the Doffier.:equitements and any other Paym:em q{ t?rr;`1vml %mqup9ment5 under IAolr le— terms. the utigiri:'I Iw�e:r:.J ern:, it the terms amJ cnndil ton: of lha DehFlex option a+e not Irylrlle d in lhelr entirely batore the Tech Refresh Date, the DeliFle.r. refresh option rs'nu9 and sold and Lessee shall payl'ie final Rent payment due ulr Ebert ec l; Rel„•sh Dz(,;, alter wh,rri tt,a Lessl!t ebtaln, f:a+. and clear title is !ire eyulprr,�nt. Sf QjtM- inn !,.ass Qrm%a rs ev:lumv+ of shi„-•pity c-ts,—interm"e.. f-i- (:ring fq.•;, ti<wxing 1—. Prol''nI � 'rr u;r. ta,Ie; tnsu;err, a p: erriums and s!milar ileac s•.har,, shalt bt for rC5 aIciw,t L•ua..r writ n,vy eyrrr_n S:!e .,it Id— ern(zL'R:nick-phi.t.olf.au.it,.•m!rdorfor any —In Nn,t•;­ver. RAd,l, t Ty.Lec•_.I shalt dill a and pay ,It .gl,,. and pL'r3pr:al;?tc{+a r, t,, a to the app'epnat'? taring aUthJdtle:.. iLYi.LLJIC4'31LQ"iblaSwumrR. nlr.�YQ-plpYld •aC rn}v�ytLE nyeLUj(_pLlfSrlth thel e's :a Cnnlrazt. If 4df}ine aIfv%nbi!ax,aem,.ti:>n ceditrz:a:•slo DF5.•�aes%e,,a ose to ur!ra:L'n:P.br osbecprd by OPS Ilo,veo-o llyagr taring aulhonhr sesseca Panonal Prop:: stytux on l«ased t+rcmrrL :and If DF5 Fays trier tav unUcr yotn lea,c xtruclur,!;:ee;;,:Y1J.c:5:!L41.::.D`t.(F:Shd41A:,ySh9[L.4.11:::Ai71k:A00.Y_!V'.:L'..:C�se.t.ti.�:+:._ $',RASE ORO,Efl; 'lase. c:^.ase Crd:•r seta; be mrde out to':icl Finanenl Scrticc_; 44�. L%ne ben! :'ay. RF:._3. ?eww Rocx.'t:< 7Ebe2'i, ur Pur.hase Orden :i!I n:,,td ra ;nctude ;ten t7 n,anh�+; gu ; 'ate; oas^r;punn of the .gu,r e,:t. F•le w rn.hr ale brat (he Fors fora t"wi of&' m,J sh­ the type'f!ease' th:e tens length, and pgvment haquer c . :irate ut rl±e in, ssr igrir,te refry en.:ed sh, uln c_ incl:.d.d !';.ase h<. sure ;n indu.ie any ann!icabla :pippin,^, cosc as a line Rem and include year addret;; as Lha SHIP TO de,ti:Ialior:, ittst�cc ?!r- risk M b. ss an tar. +.,nu:pr vat:::lnvn. h:• the Lrs:ee, L.•:e_ .halt b? rtr;uu-A tv ri .h>:, w:l rn ntain a ,mj tli-Tenn P) cor ]p'e.htnsiv uiNic tis':il,ly in.n;anCE ¢'+q Lt,,:rh: adt,be, irK„!.[i,,ilid II[.'ari-rpY.'Phyx::.al daniage illrA,aln.^,1!rna m3mmUm arnrun`.J!th?Ptlr,-hacr'PIiC9, rlarrrnel DF`; a: first tc- pay'e�. ET(ON.COV FNANT ine lrrase vril: ?;plan? an =lrnrppnatrw+ ar funds elm rr: 'D,e lt-•sec:u•II covenant lr•at rl 517s:1 do al! lhmgs ley:+:l•r xr Jars it,; uur,' •r to uV•Uin =.rid malntan: "!"I, the f,., jrr oil may tie PSU, IAILCIN: In a ntfo; r to a duly el ccutxl Agreement, other oecument: as r¢as::nably Iu111 :.ted by DF5 pray be requ;ied, such as hul no: Ginited to opintdr;s of Counsel, IRS tax forms lif ePObl�). and audited financwls Thrs is a p—pcs.+l bat=d won market canditiot±s arid is valid for 30 dayys, is aublecl to final credit app A. re:ie•N •=f thee.;orwn•ia of the tr usareon, e o-ki- of Michelle Raot Imlde Sales Account M¢nager Wit 11!", r:::;li S',"I:es 'Y!".. 1 5L? 12 f 07M cell - 1517. 9 ty ,i(M" .mir.b.ulC_Rz ztt-11:O-M Page t of 1 SECRETARY/CLERK CERTIFICATE _ 1, . Teresa Thompson , do hereby certify that: . a ointed (i) I am the duly qualified, .and acting Deputy CitLy Clerk (Clerk; Secretary; etc.) of City of La Quinta,* California, a public entity (the "Public Entity"). municipal corporation 00 Each of. the persons whose 'name, title and signature appear below is a duly authorized representative .of the.Public Entity and holds o.n the date of this Certificate the formal title set forth opposite his/her name and the signature appearing opposite each such person's name is his/her .genuine signature: NAME OF AUTHORIZED TITLE OF.AUTHORIZED SIGNATURE OF AUTHORIZED SIGNATORY SIGNATORY SIGNATORY . (cannot be Clerk/Secretary authenticating this certificate) Frank J. Syevacek City Manager. A. (iii) Each such representative is duly. authorized for and on behalf of the.Public Entity to execute and deliver that certain':Master Lease Agreement No. (the "Agreement") and.any related. Lease Schedules from time to time thereunder (the "Schedules") between the Public Entity and Dell Financial Services..t.L.C., a Delaware limited liability company or, its assignee (collectively, "Lessor'), and all agreements, documents, and .instruments in .connection therewith, including without limitation, schedules, riders and certificates of acceptance. .(iv) . The : execution and delivery .of any such Agreement and/or Schedule and all agreements, documents, and instruments in connection therewith for and on behalf of the Public Entity are not prohibited by or inany- manner restricted by the terms of the Charter .or other document pursuant to which it is. organized or of any loan agreement, indenture or contract to which the Public Entity is a party or by which it or any of its property is bound. (Y) :. E T t� 3 �T' The Public Entity did, at a duly called regular. (regular or sPecial) meeting: of the governing boy of -th Public Entity attended throughout by the requisite majority :of:the.members thereof held on eC•• �/ 201by motion duly made,seconded and carried, .in accordance with all requirements of law,.. approve and authorize the execution and delivery of the Agreement, , :the related -Schedule(s) and all agreements,: documents, and instruments in connection therewith on its behalf by the :authorized representative(s) of the.Public Entity named in paragraph (ii) above. Such action approving' the -Agreement, .the related Schedule(s) and all agreements, documents, and instruments. in • connection therewith and authorizing the execution thereof has not been altered: or rescinded by the Public' Entity*. NO No event or condition that constitutes, or with the giving of notice: or the. lapse -of: time or both would constitute, an Event of Default.(as such term is defined in the Agreement) exists at the date hereof. (vii) All insurance. required in accordance with the Agreement is currently maintained by the Public Entity. (viii) The Public Entity has, in accordance with the requirements of law, fully budgeted and appropriated sufficient. funds for the current budget year to make the Rent payments scheduled to come due during the first Fiscal Period and to meet its. other obligations for the first Fiscal Period (as such terms are defined in the Agreement) and such funds have not been expended for other purposes. DFS LLC Public Secretary -Clerk Certificatc.060108 (ix) The Fiscal 'Period* . of the Public Entity is.. from July 1 to June 30 (x) The foregoing authority and information shall remain true and. in. full force and effect, and Lessor shall be entitled to rely upon same, until written notice of the modification, rescission; or, revocation .of .same, in whole or in part, has been delivered to Lessor, -but in any event, shall be effective. with respect to any documents .ekecuted or actions: taKen in reliance upon the foregoing authority prior to the. delivery to: Lessor of said written. notice.of said modification, rescission or revocation. . . IN WITNESS WHEREOF I have hereunto set m hated this da of Janua 20 14 ay: - Name yerg§a Thompson •� v, Title: D4iity- City Clerk Subscribed to and sworn before me this 22day of January. 2014 Notary,.Public: (Name) Pamela Nie.to My commission expires MELA NI Commis 'o _� m 1934806 z :c�� Notar c - California z Nersid County n Comm: Expire ay 2, 2015 , RTR- - PAMELA NIETIO Commission # 19348.06 a z : �� Notary Public - California i Riverside County My Comm. Expires May 2,.2015 DFS LLC Public Secretary -Clerk Certiricate.060108 D�GLL I Financial Services City of LaQuinta, CA DELL FLEX LEASE PURCHASE SCHEDULE NO. 811-6703216-002 TO MASTER LEASE AGREEMENT NO. 6703216 THIS SCHEDULE IS SUBJECT TO AND INCORPORATES THE TERMS AND CONDITIONS OF MASTER LEASE AGREEMENT NO. 6703216 ("Agreement") DATED December 5, 2013, BETWEEN DELL FINANCIAL SERVICES L.L.C. ("Lessor") AND City of La Quinta, CA ("Lessee"). Lessor hereby agrees to lease and/or make available to Lessee subject to the terms, conditions and provisions set forth in this Schedule and in the Agreement, the Products described below. Any capitalized term used herein and not defined herein shall have the meaning ascribed to it in the Agreement. PRODUCT DESCRIPTION AND LOCATION: See below or Exhibit "A" attached to and made a part hereof. PRODUCT SELLER: [Dell Inc., One Dell Way, Round Rock, TX 78682] Product Description Product Location Lessee Purchase Primary Term (Mos.) Commencement Date** Order No. See Exhibit A See Exhibit A 07012014 49 9/1 /2014 Rent is payable: In Advance Payment Period: Annually * Lessee is responsible for applicable taxes, shipping and other amounts as described in the Agreement, and, with the first payment of Rent any prorated Rent if applicable. Such amounts are further described in Exhibit "A"". ** The Commencement Date may be extended for one Payment Period until the Schedule is returned in accordance with the terms in the Agreement. Lessor may charge Lessee prorated Rent accruing from the Acceptance Date to the Commencement Date, as such date is finally determined. LEASE PURCHASE PROVISIONS The following provisions shall apply with respect to this Schedule in addition to those provisions in the Agreement: 1. SECTION 4. RENT; TAXES; PAYMENT OBLIGATION. Insert as a new last sentence to subsection (a) the following: "For the purposes of this Schedule, the Rent and Purchase Price (as of the applicable Purchase Date) are shown in the chart below or on Exhibit "B", attached to and made a part hereof. Payment Number/ Rent Purchase Date Interest Portion Principal Portion Purchase Price" Add as a new last sentence to subsection (b) the following: "Because the Products will be used for a governmental or proprietary purpose of Lessee, they are exempt from all sales, use and property taxes." 2. SECTION 3. TERM. Insert as a new second paragraph the following: "TECHNOLOGY REFRESH WITH NEW FINANCING OPTION. Provided no Event of Default has occurred or is continuing under this Schedule and the Agreement, Lessee may exercise the following technology refresh option ("Tech Refresh Option") by delivering to Lessor an irrevocable written election notice to exercise the Tech Refresh Option at least 120 days prior to the expiration of the Primary Term and by completing all of the following on or before the beginning of the last month of the Primary Term (the "Tech Refresh Date"): Page 1 of 4 DFS Public LP Schedule DellFlexOption.08252008 (i) Lessee returns all (but not less than all) of the Products on this Schedule ("Original Products") to Lessor in the same manner as described in the Agreement; and (ii) Lessee enters into a new Schedule under the Agreement (the "New Lease") with a primary term of at least 24 months for new equipment ("New Products") which are, as determined by Lessor, of the same manufacture, type and quality as the Original Products and which have a Total Product Cost that is at least 75% of the Total Product Cost of the Original Products. When Lessee completely fulfills the terms and conditions of the Tech Refresh option and has made all payments and performed all other obligations under the Schedule and the Agreement, then this Schedule shall terminate and, except as provided in the Agreement, Lessee shall be relieved of all obligations under this Schedule. Notwithstanding the election by Lessee of the Tech Refresh Option, the Schedule and Agreement shall remain in full force and effect and if the terms and condition of the Tech Refresh Option are not fulfilled before the Tech Refresh Date, the Tech Refresh Option shall be null and void and Lessee shall pay the final Rent payment due on the Tech Refresh Date. 3. SECTION 11. REPRESENTATIONS, WARRANTIES AND COVENANTS OF LESSEE. For purposes of this Schedule, add paragraphs (j) through (t) as follows: "(j) Lessee will comply with the information reporting requirements of Section 149(e) of the Code, including but not limited to, the execution (and delivery to Lessor) of information statements requested by Lessor, (k) Lessee will not do, cause to be done or fail to do any act if such act or failure to act will cause this Agreement, or any transaction hereunder, to be an Arbitrage Bond within the meaning of Section 148 of the Code or a Private Activity Bond within the meaning of Section 141 of the Code; (1) The total cost of the Products listed in this Schedule will not be less than the total Principal Portion of the Rent listed in this Schedule; (m) The Products listed in this Schedule have or will be ordered within six months of the date hereof in order to commence such Schedule; (n) The Products listed in this Schedule are expected to be delivered and installed, and the Seller fully paid, within one year from the date hereof; (o) No fund or account which secures or otherwise relates to the Rent has been established; (p) Lessee will not sell, encumber or otherwise dispose of any property comprising this Schedule prior to the final maturity or termination of such Schedule without a written opinion of nationally recognized bond counsel to the effect that any such disposition will not adversely affect the exclusion of interest on the Rent from gross income for federal income tax purposes; (q) Lessee agrees to execute, deliver and provide Lessor with satisfactory evidence of the filing of such documentation, as may be required for the purposes of properly reporting this Schedule, including, without limitation, IRS forms 8038-G or 8038- GC, as required under the Code; (r) It is expected that Rent under this Schedule will be paid from periodic appropriations of the Lessee deposited into the general fund of the Lessee, that such appropriations will equal the Rent due during each Fiscal Period of Lessee, and that all amounts paid for Rent will be from an appropriation made by the Lessee during the Fiscal Period in which such Rent is made; (s) To the best of our knowledge, information and belief, the above expectations are reasonable; and (t) Lessee will comply with all applicable provisions of the Code, including without limitation Sections 103, 141 and 148 thereof, and the applicable regulations of the Treasury Department to maintain the exclusion of the interest components of Rent from gross income for purposes of federal income taxation. Without limiting the generality of the foregoing, Lessee shall acknowledge any assignment of this Schedule in writing and complete an accurate record of all such assignments in a manner that complies with Section 149(a) of the Code and the Treasury Regulations promulgated thereunder." TO THE EXTENT PERMITTED BY LAW, AND IN ADDITION TO LESSEE'S OBLIGATION UNDER SECTION 16 OF THE AGREEMENT, LESSEE HEREBY ASSUMES LIABILITY FOR, AND SHALL PAY WHEN DUE, AND SHALL INDEMNIFY AND DEFEND LESSOR AND ITS SUCCESSORS AND ASSIGNS AGAINST, ANY AND ALL LIABILITIES, LOSSES, DAMAGES, CLAIMS AND EXPENSES (INCLUDING REASONABLE ATTORNEY FEES) RELATING TO OR ARISING OUT OF LESSEE'S BREACH OF ANY OF ITS REPRESENTATIONS, WARRANTIES, OR COVENANTS CONTAINED IN SECTION 11 OF THE AGREEMENT AS SUPPLEMENTED HEREIN. 4. SECTION 12. WARRANTY ASSIGNMENT; EXCLUSION OF WARRANTIES; LIMITATIONS ON LIABILITY; FINANCE Dett - Restricted - Confidential Page 2 of 4 DFS Public LP Schedule DeIIFlexOption.08252008 LEASE. For purposes of this Schedule, delete "FINANCE LEASE" in the title of this Section and delete paragraph (d). 5. SECTION 17. OWNERSHIP; LIENS AND ENCUMBRANCES; LABELS. Insert at the end of this paragraph the following: `Notwithstanding the first sentence of this Section , upon Lessee's acceptance of the Products under this Schedule, title to the Products shall vest in Lessee subject to Lessors rights under the Agreement; provided that, upon an Event of Default or any termination of this Schedule, other than by Lessee's purchase of the Products, , title to the Products shall immediately and without any action by either party vest in Lessor, and Lessee shall immediately surrender possession of the Products to Lessor. Any such transfer of title shall occur automatically without the necessity of any bill of sale, certificate of title or other instrument of conveyance. Lessee shall, nevertheless, execute and deliver any such instruments as Lessor may request to evidence such transfer. S. PURCHASE OPTION. Provided that no Event of Default has occurred and is continuing, and at least 60 days but no more than 180 days before the purchase date ("Purchase Date") selected by Lessee, Lessee will give irrevocable written notice to Lessor of its intention to: (i) purchase the Products for $1.00 at the end of the Primary Term; (ii) purchase the Products at the Purchase Price as stated in Paragraph (i) above or as listed on Exhibit B, so long as all other amounts due on the Purchase Date have been paid in full; or (iii) return the Products in accordance with the Agreement for a fee agreed upon by both parties. Upon satisfaction by Lessee of such conditions, Lessee shall be entitled to Lessors interest in the Products, AS IS, WHERE IS, WITHOUT WARRANTY OR RECOURSE, EXPRESS, IMPLIED OR OTHERWISE, BY OR AGAINST LESSOR, INCLUDING ANY WARRANTIES OF DESIGN, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR AGAINST INFRINGEMENT, other than the absence of any liens by, through, or under Lessor. As continuing security for Lessee's obligations hereunder, Lessee hereby grants to Lessor, a first -priority security interest in all of Lessee's rights and interest in and to the Products and all proceeds thereof, free and clear of all security interests, liens or encumbrances whatsoever. 7. COMPLETION OF SCHEDULE. Lessee hereby authorizes Lessor to insert or update the serial numbers of the Products from time to time as necessary. If Lessee delivers this signed Schedule, any amendment or other document related to this Schedule or the Master Lease (each a "Document") to Lessor by facsimile transmission, and Lessor does not receive all of the pages of that Document, Lessee agrees that, except for any pages which require a signature, Lessor may supply the missing pages to the Document from Lessors database which conforms to the version number at the bottom of the page. If Lessee delivers a signed Document to Lessor as an e-mail attachment, facsimile transmission or by U.S. mail, Lessee acknowledges that Lessor is relying on Lessee's representation that the Document has not been altered. Lessee further agrees that, notwithstanding any rule of evidence to the contrary, in any hearing, trial or proceeding of any kind with respect to a Document, Lessor may produce a tangible copy of the Document transmitted by Lessee to Lessor by facsimile or as an e-mail attachment and such signed copy shall be deemed to be the.original of the Document. To the extent (if any) that the Document constitutes chattel paper under the Uniform Commercial Code, the authoritative copy of the Document shall be the copy designated by Lessor or its assignee, from time to time, as the copy available for access and review by Lessee, Lessor or its assignee. All other copies are deemed identified as copies of the authoritative copy. In the event of inadvertent destruction of the authoritative copy, or corruption of the authoritative copy for any reason or as the result of any cause, the authoritative copy may be restored from a backup or archive copy, and the restored copy shall become the authoritative copy. At Lessors option, this electronic record may be converted into paper form. At such time, such paper copy will be designated or marked as the authoritative copy of the Document. By signing below, each of the parties hereto agrees to be bound by the terms of the Agreement, this Schedule and the attached Exhibits "A" and "B". City of ka Quinta, CA DELL FINANCIAL SERVICES L.L.C. (L I I S ri (Lessor) By: ( riz ig tur (Authorize Si r") (Na RI I (Name/Titl Greqbry DeKoc i I _�;s I vr - `fti%oftnr (Date) I (Date) Page 3 of 4 DFS Public LP Schedule Dell FlexOption.08252008 DOLL I Financial Services CITY OF LA QUINTA, CALIFORNIA LEASESCHEDULE No.006703216-002 EAHIBITA e4mmmmmene Dam: 9p/xo14 Terminaean Dale: 8/31/2011 POO OOMS 0rder0 QJL Item• Serves Item Descdetlon 5 320A794 NA 23.8 Flat Panel Display, P2414H,238 S GOO-0277 STATE ENVIRONMENTAL FEE 5 986-0872 AOV EAG,LTD WRTY,PREM PAN ELMONITOA3YR 0)012014 65961xT39 1 2251696 F QG12 latitude E6430 ATG 1 2251696 366QG12 latitude E6430 ATG - 1 2251696 246QG32 latitude E6430 ATG 1 225.2696 WSQG12 Ltitude E6130 ATG 1 225-2111 H06QG12 .11W de E6430 ATG S 338-BBKV i5-3380M CORE(2.9GID,3M( FG43016SW/ATG 5 319-0037 4.OG B DOR3.1600MH2,2 DIMM,IAT 5 332— INT END DP RYBD,WINe,E4 5 332-0472 DOCUMENTATION, ENGLISH. IAT/PWS 5 331.58B TECH SETU P ENGLISNIAT E— S 318.1795 NVIDIA NVS5200M,1GB,DIS,LAT E643DATG 5 —AAWL SOOGB 7200RPM HDD,IAT-30 S 3315930 1.SH,FP,C4n[ac[less SC RDR,IAT F6430ATG 5 320-3071 14.O HD(136k768)WL-81LIXT EGA- 5 3.6322 WIN) label for lat.1N8 and MPM 5 42-67 WIN) PRO,SPXE4BN.NOMEO,IAT,ENG 5 421-8738 SW,DDPA,2.3,IAT-30 5 4304642 De11-IR84.0 HE ModV1t1AT E4/MPWS 5 331-5833 BLUETOOTH CABLE, LAT EMAVATG 5 331-5939 MBB RFPass-Thr0, UM E643DATG S 330-0016 US-3FT/FIAT POWER CORD,IAT 5 --SIIS 90W,-IN,AC ADAPTER,IAT EUX 5 31&1732 BN—/-RW,IAT E4 5 31a0466 8g CAD-/-RW—LLat-0/ATG 5 3-2231 NO CybedinkP—DVD,OPTVPWS/IAT 5 4211201 DELL WEBCAM CENTRAL SW,IAT/MPWS 5 318-1720 Light Sens Webcam and Mk,LAT E6430/ATG 5 331-2713 Camying Handle, tat E—OATG 5 4-1. De11 WIAN 15041a180211gn,LAT E4/MPWS 5 331.S836 NO VPRO TECH AUV MGMT,IAT E6430/S/ATG 5 312.1318 6-CELL60WH,PRI LITH ION BATT,ECC,IAT E4 5 331-6313 E-PRT,SPR,130W,USB3A,IATE 5 331-6213 ES ENABLES/E-PEAT; IAT EIDIM 5 G-AABP MS OTC TRIALMULOPTI/FWS/IAT 5 937-3364 RASIC NBD OS,IAT3NROH5,UNY,3YR—,REL 5 937.3324 BASIC NBD OS,IAT3N BDHS,UNY,IN0,REL 5 9312684 HW WRTY�SVC,IAT311 BDH5,UNY,EIIT,REL 5 937-26711 HW WRTY+SVC,IAT3N BDILS,UNY,INIT,REL 5 991-2878 INFO. PROSUPPORT NOT ORDERED Dell - Internal Use - Confidential One Dell Way Round Rock, TX 78682 Periodic Pent Total Foolomentfnst UDhont Taa F4olomentLaaaon 7R-095 CALLE PAMPICO $20A0 $358.x) 1130.55 $108.3578495 CALLE PAMPICO ]8L95CALLEPAMPICO )e495 CALLE PAMPICO )-95 CAME PAMPICO 70A95 CALLS PAMPICO —1 CALLE PAMPICO LPF A_ssel <urtomer Name Sh�g- LAQUINTA CA 92153 LAQUIMA IAQUINTA CA 92253 IAQUINTA CA M. IAQUINTA CA 92253 LAQUINTA CA 92253 LAQUINTA CA 9xx53 CITY OF LA QUINTA CALIFORNIA 83 7/3/2014 OOMSONer. gbL Item. Serves Item OneNptlpn periodic Rent Total EOuiomemfost UpfmnSTaa Epulpmentlwtlon Rl FAsset Customer Name Co_N Shy 5 331-1633 INTEL—EL FOR CORE IS 5 60 2. STATE ENVIRONMENTAL FEE $15.00 0700014 fi59 M., $O,N1.30 $3,334.E5 $%I.537 SS MILE PWPI O UIQUIMA CA IW3 0.—E CITY OF UR QUIMA. MIFORNIA .3 7/11/2014 rptal,; $2,780.57 $10,714.70 $670.78 Ie.npemR appunhle aae,I . Dell - Internal Use - Confidential DfGLLIFinancial Services One Dell Way Round Rock, TX 78682 City of La Quinta, California Amortization Schedule Schedule 811-6703216-002 Exhibit B Payment # Opening Balance RENT INTEREST PRINCIPAL Balance PURCHASE PRICE $ 10,714.70 DLED* $ - $ 10,714.70 1 $ 10,714.70. $ 2,780.57 $ - $ 2,780.57 $ 7,934.13 $ 8;255.57 2 $ 7,934.13 $ 2,780.57 $ 391.94 $ 2,388.63 $ 5,545.50 $ 5,866.94 3 $ 5,545.50 $ 2,780.57 $ 273.94 $ 2,506.63 $ 3,038.87 $ 3,360.31 4 $ 3,038.87 $ 2,780.57 $ 150.12 $ 2,630.45 $ 408.41 $ 729.85 5 $ 408.41 $ 428.59 $ 20.18 $ 408.41 $ 0.00 $ - *DFS Lease Equipment Discount 0ell Restricted - C.raiif6C1eritial NOTICE IRS 8038-G & 8038-GC FILINGS The Internal Revenue Service (IRS) now requires that all 8038 filings, prepared by a third party, be executed by the third party as the "Preparer". Additionally, the IRS does not allow the Preparer to execute the Filing until after receiving the executed Lease. Accordingly, once the Lease Schedule is executed and returned, you will be receiving the 8038 filing for your execution and return. Please contact your Lease Representative should you have any questions or concerns. One ay lFinancial Services Round Rack, TX78M March 31, 2014 City of La Quinta, California 78-495 Calle Tampico La Quinta, CA 92247 RE: Master Lease Agreement 6703216; Schedule 811-6703216-001 Dear Ms. West and/or Mr. Escobedo : Please accept this letter as notification of the following revisions on schedule 811-6703216-001: • The Rent was changed from $21, 697.38 to $20,693.13. • The Total Payment Acquisition Cost changed from $83,793.08 to $79,914.75. Also, please note that the TBD Commencement Date is May 1, 2014. Please reply with your acknowledgement and approval. If you should have any questions or concerns, please email me at amy_smith@dell.com or call 512-728-8443. Thank you, Amy Smith Dell Financial Services Accounts Receivable Associate I Public RR2DF-28 I one Dell Way Round Rock, TX 78682 Office .1 512 728-8443 li!] E-mail: amv_smith®dell.com L II i" . _o.If•1' ::. AGREED TO AND ACCEPTED BY: Dell - Restricted - Confidential Fern, 8®38-CC Information Return for Small Tax -Exempt (Fk,v. January 2012) Governmental Bond Issues, Leases, and Installment Sales oepannvrit. of the Treasury > Under Internal Revenue Code section 149(e) Went, 1545-o720 Internal Revenue Service Caution: If Old issue price of the issue is $100.000 or, more, use Form 8039-G. Reporting Authority Check box if Amended Return > i—1 1 Issuer's nema------- lJA r r U3nLifciil m i n t h1........_ CITY OF LA QUINTA CALIFORNIA i 0 3 Number and 9w+, ri ice F'.r�. ec> it mail h not delivered rI,,svee%a<ldresal --l 9 5 3 7 4 _ 4 3 / —�-�—. Ily. IU•.ttt, w flue[ UI1iCr., Sfdlfi, an[1 ZIF C7U - —. J Fnuon nWMl2r j/-fi'Ir{J u`v OOhy 6 QUINTA, CA 92247 f—' r"^ +117 Dell Financial Services, LLC e r rm ea nr we Least! 670321 single L>7iuP Ivr] or ] cOn501 I I v - - uo1 IG lI4 rE fUlru '. q 811-6703276 001 I 512 72R 14t7 Description of Obligations C j — --- �.... _......._.-._......._— _n j 8a issue price of obligation(s) (See Instrdchdns) rl�ai � g7gy1 t 7s b Issue date (single issue) or calendar d ato (consolidated). Enter date in rn nrdd/yyvy folnlat (101 example, 01i01 /1009) (see Istructions)> 5n114 9 Amount of the reported obligation(s) on line_ 8a that is: a For leases for vehicles . -. 9, b For leases for office equipment . gb -- - r-- - c For leases for real _ _ _ $799141 75 property . . . . . . . . . . . .. . . . . . . 9c �— d For leases for other (see instructions) . . . e For bank loans for vehicles . . --- — - � f For bank loans for office equipment9e 9i , — g For bank loans for real property. - _ - _ r -------;-- It For bank loans for other (see instructions) = i Used to refund prior issue(s) —� 1 011ie. nliny a loan from the proree[iceotann. .tar i x npi eb! 3aatiq l (lot exanipre. bond tank) 9k ) 10 If the Issuer has designated any issue under section (shrill isstrtx exception). (9hock till; boy.. . 11 If the Issuer has elected to pay a Ihenalty in 13eu oI arhrtrng(i rebaLo check 111 box (sree wi to lchons) . - Ito CI 72 Vendor's or bank's Hanle: Dell Financial Services, LLC 13 _ Vendo s or bank s em Moyer CdOnuhcplon nt altar r 7 4 y 2 a 2 5 R _ l 6 '- UM18r w-n21 5 e 7wgpry, i It lr it, .,Iota 4r. JI h F1 r 1[ '� h r i llCr ail f t N?:l of A 0114-q x ii,. 1'e �'- Signatur4.� b tact d cenph4o. I f aNm dl i ro t ni tot +, r D ,c Ds,"r I 6s +rF t_. Lr. .>- a mr, in l c ys Ira P I r LdrSrK.} t - rzed atwve.andConsenawrect' hr's w¢ed rewesenf`ativeyy` O pr[rp ,pin ll9Paid epare''s e preo,» ; c KaChr t k UPreparer � " �-3 /-� sal: pp1746915 Use Only ► Dell Financial Services LLCr.IN . 742R25828 ss ► .One Dell Wav Round Rock TX 78682 or....... _,- -, - General Instructions Section references Bare to the Internal nevanue Code unless otherwise noted - What's New The IRS has created a page on IRS.gov for information about the Form 8038 series and its instructions, at www'irs.govitorm8o3a. Information aboul any future developments affecting the Form 8038 series (such as legislation enacted after we release it) wlJI the posted on that page. Purpose of Form Form 8038-GC, Is used by the ;ssuers of fix - exempt governmental obligations to prosido the IRS with the information required by section 149(e) and to Monitor the requirements of secttons 141 through 150. Who Must File Issutv5 Of iav, exempt yo'J Fkrnlnentei obligations will, ,sue prices of less than $100.000 mus: `lie Form 8038-. rrf a' ix esi,mpt (,jrivd. neural ohilo. lion a:Id 1' eprice o`$1r F1,000 in more must life Forn1 R ttfi43, lufo:ma;l(in Return Jilt Tax-E erip l- i-immente„ Qt) tvtliom;, Filing a separate return fora single issue. Issue's have vile oplio.I in tilt- a s..yalate Fo❑ 60311 GC; 'lr ar } ra;:.-nxCrrpi governmental whyadon wan xi i n sue price of less than $100.000. An isfluer 01 U laX-cYe.?npt bond useO to finoncty Calstrucll;m expend cures must lire, a separate Form 6W8-GC for each issue to give novice to the IRS that an _.section was made to pay a penalty in rLj, of arbn:nge refute i5iHt th+ nC 11'.n5R21 '.uligJ. Filing a consolidated return for murnple issues. Por ,'r;l ta2-oxen,pt go,i.r, el7.al 6U-Irl atlnr yhh l ❑I n;aS c` ,;, tL®n St000l C, iAta die not upon:oot,.l;}p o,me Fn[m 8038-0O. ail ICsoGr muse ftln a GGn o.¢ 3Cn1 mfor .. •ion retul - Inrludion air s:1(n I t '5St1 i v Rr r it=G• II r i:.r v3a:, the J0 'SsLICIToy ioun CIC, .rn eon, i - number or 4r [ r, usoer :u;o _porl the ioir jq ide, of 5nl,ll Issues, issl rd dit!ii7q thr c I Id;ir .,•ear on one consolldateci Pooh Eo38-GC. riowevef, if file issue is a construction issue. a :epan.ce Form 8038-Gc mint he led RI slice [he Ills riotci OfYhe 6lectb!l 10 pea a penalty in lieu of arbitrage teoate. cal, on;-3uort9 rnrn:8038-GC fn,,-t,,oim Furrngpye-GCinev.t foil! =,2 When To File To file a separate return for a single Issue, file Form 8038-GC on or before the 15th day of the Second calendar month after the close of the calendar quarter in which the issue IS issued. To file a consolidated return for multiple issues, file Form 8038-GC on or before February 15tt1 of the Calendaryearfollowing the year in which the issue is issued. Late filing. An issuer may be granted an extension of time to file Form 8038-GC tinder section 3 of Rev. Prod. 2002-48, 2002-37 I.R.B. 531, it it is determined that the failure to file on time is not due to willful neglect. ?'ype Or Print at the top of tire form, "Request for Relief under section 3 of Rev. Proc. 2002-48." Attach to the Form 8038-GC a letter briefly staling why file form as not submitted to the IRS on time. Also indicate whether the obligation in question is under examination by the IRS. Do not submit copies of any bored documents, leases, or installment male documents, See Where To Fite next. Where To File File Form 8038-GC, and any attachments, with the Department of the Treasury, Internal Revenue Service Center, Ogden, UT 84201, Private delivery services. You can use certain private delivery services designated by the IRS to meet the "timely mailing as timely filing/paying" rule for tax returns and payments. These private delivery services include only the following: • DHL Express (Dt II h DHL Same Day Service. • Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2D2y, FedEx International Priority, and FedEx international First. • United Parcel Service (UPSi: UPS Next Day At,, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A.M., UPS Worldwide Express Plus. and UPS Worldwide Express. The private delivery service can tell you how to get written proof of the mailing date. Other Forms That May Be Required For rebating arbitrage (or paying a penalty in lieu of arbitrage rebate) to the Federal Government, use Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in tseu of Arbitrage Rebate. For private activity bonds, use Form 8038, Information Return for Tax -Exempt Private Activity Bond Issues. For a tax-exempt governmental obligation with an Issue price of $100,000 or more, use Form 8038-G. Rounding to Whole Dollars You may show the money items on this return as whole dollar amounts, To do so, drop any amOunt less than 50 cents and increase any amount from 50 to 99 cents to the nex! nigher dollar. Definitions Obligations. This refers to a single tax- exempt governmental obligation. if Ford, 8038-GC Is used for separate reporting or to multiple tax-exaniprtg r,uoi ,ental coligahot,S it the form is ustid for consoldated oriorting- Tax-exempt obligation. This is any obllgatfon including a bond, installment pu1ChaS1f agreement or financial lease, on which the interest IS excluded from incorne under section 103. Tax-exempt governmental obligation. A tax-exempt obligation that is not a pdeate activity ')and (Sea below( is a tax. -exempt governmental Obligation, This includes a bored issued by aqualifed volunteer fire detnirtrnent under SeC40n 150(e). Private activity bond. This includes an ObIlCallOn Issued a, part of an issue en which: • Mole than W ` 'f file pro <ox re to be Used to- anyPoW i l nCI Y4) tAlstno,.e USe, and Ma.3 than 10 . of the Pa)mr?nt of principal or interest of the ioltto is err 1 r (a) secured to, an Interest in properry to Le used fora private business use (or paynhelti5 far Snch orcperly) or (b) to, Oe oil , Iv �lf from pa, r r,..nts for properly (or do. o;.aOd moth;) _Seo is, a private business rice. It alSO Irtfludes a bond, If llprodeaeis of which (a) at(? to oe used to i eke or finance loans letter [Iran,foams dosr:nded in section 14 1(c)(21) to persons other dhan governmental units and (b) a xceeds ih(r lesser of 5% of the proceeds or $5 r111ffon. Issue. Generally, obligations are treated es Pan of 01e Game issue only it they are 15sood by the same issuer, on the seine cafe, and as part of a state transaction, or a series of related transactions.-Howerar, obfigcuuons i %Ued duriflo trio' SameC=itr arannrfat under a loan agn event under whicti amounts are to be advanced pencwicaliv (a "'dr,;w- down loan) or (b) wiin e :C ill not exceedlnn 270 days, may be Tloatr o as p in of ae same issue if the Obligations are equally and ratably secured under a sngle Orlettttue or loan agreement an: fir I sst led tinder 9 ofT m(Io final ,f ilvaligufIrlent iron ex nip r. order the Sarno o rioi S a ! l-rrr per 0d1Coj y t ported to rrfrvrt chingfnq fec .I c r mtsrar r ) Also, it, obl gntN 1 t i, id< ' h. cowl" ( h ma 11 LI tlte: ir'.gr IitYltf IS Of Ihs Prece rrog sentence, obiieusdns issued dunr•.g differetlt calendar }'Pars n:ay be (reared as part of the same issue it all of the enu)urrs to,, be advanced under the dram -down loan are reasonably expected to be advanced within 3 years of the, date Of issue of the first obligation, Likewise, obligations Otherthan private activity bonds) issued under a single agreement that is in the form of a lease Or installment stile may he treated as part of the same issue it ail ofthe e )xoperty covered by that agreement S reason2,Ily exnectec to be delivered within 3 years nr the date Of issue of the fii'st("blitg,ation. Arbitrage rep do r c (era➢, I s! rn a stale it local bond as not tax-exenry it sr, (loss "if, fsrtr er of dla .,.)n.I rob.ir;, to mo, U.Jteo States arnlfage u "fits earned Eon fr ofihaq proceeds Or the t oddl in ill E Jidora nDnpUrpOSe liVegtnlerlrS-9'C Sol 148(t. Construction issue. Ill* is at, issmo of a:x- exempt bonds that meets f;.an of the Vlowfrlo conditions: t Ftlr„:351i-%ofins ava&),_cor4,r C9Grn pl<, oracls Of if e era to be used for C0r3trucbon ezpr?odriurf5 wain respect to property to be ovmed by a govemmenta; ,nor of or 601(c)(3) one fotaation, find! 2. Alf of the bonds that are pon of the issue are qualified 501(c)(3) bonds. bonds that are not private activity bonds, o, private activity burns issuod to finance propnRy tO be owned by a govarnmantal unit or a 501(c)(3) organization, In lieu of rebating anv 0rbdrM1e that may no oeved to the United States. the issuer Of a Con5loCtiOn issue may make a revocable (loll to Pao:) pellsity. The p malty is eefual Ip Y )! li an 0 . 11 ill ', :ruction pro e os fo.)f <'o no: meal cd r i h sn'•ndinq re0 r rents. See sr.t-Lou 1.18,q(-11(C) ar,<1 the Ir, ructions for t on' d0,4d- I - Specific Instructions If, gane,m, a Farm 60ri..f,C r,i;t be Co 1 ten*d Un ?noIno basis o('etb iNOUoabOn and reasonable e>'pP.OliIlICRS as of the date or is,me. Hovrever. forms that are Nord nfi a con .011d< t u b.Sis ma be c( r eted Deli a U.sls of infor�nalion resdily available IS, lne'sSuer at the Close of Ire calendar seer to which the foram relales, supplemented by ,timates made in good faith. Part 1—Reporting Authority Amended return. Ali Iss... S r'nay file ran amended return to change or add to the information rep=ynecf on a prevloesiy filet TWiJI-P for fne store rateof st;l[o. It you are filing t) <or act W101r, 01 Cha NtO 1 previously filed.. tul,., Cne..k .Ire Am0000rfReruin" box in fh.: he ding of the (Drill. r „ anlondou n. turn nn,sf rr wjf, tin t4;a information reported on Ifu. original rowel, 1n addition I in nev., cQno,Afin iriforrnaUon Atl, c t @.n gxplan; tlo'l u; u'e rvjj.,f t, for th,i ante .ed ro{orl• 1 l thin aCloss I , IoD `A kl,,l Rooufn L, _rla;,usg' Line i Ihr. ;pguer s defier. is tf r tame ql "le Ill h tr .;3ui1lg Ihr <Ynl')wOns, lot h,m lfrrl! fit Ilk; Entity reoK u voff if oCty i r of file financing. In the mere of o IEaf:e e ✓r nlstal!mnt Sale, th& 5suer Is file, lesseeIll, :P_lciaSer_ Line 2. An issuer that does not have en erepioyer identril1C011011 mm11ber trifs) 5hotdd apply la one on Form SS-4. Application for EmsYoyer Identification Nurnher, You car get this form on Ile IRS :+•ebslfe a11RS.gov or by calling 1-800-TAX-FORM (I -800-829-38?61. you may roc cl ve an FfN by 16lepnone by folic , u this insIr-jchOnti ir.-f l O r: S .. Lines 3 and 4. Blur the rssuet•s address or the endless of till ile9gnaietl coraael person liS;cY: On line 6. if ( r tior NdShes it, 15f> PO 6: ...tart t ::.G(! Ole issuer r `a u;• real, Ill car-, of to third p;1!!v aui loriz-!d repr s, 11 ➢Yr i! tilt ]S art l"COCnrXil or C'nuir i�11 ille shtIso ;rl J,c.34 lire(, "Cr0followed by tire `lard p l ) J name and street address Or P.C. oo<. Include the rnfe, room. dr Uthe. unit rUnlber amen tt �118eL dd ° , s . If thapost oloct, dots 10(de liv4r mart to the street address and the iSSurg ha,' ') PC-. box, Show the box numbe inc;teal of in,) Fonn aWl1-GC'rnev. t-201 3 street address. If a change in address occurs Offer the Tutus, Is filed, use Form 8822, Change of Address, to notify The IRS of file new address. Note. The address entered on frees, 3 and 4 is the address the IRS will use for all written communications regarding the processing of This return. including any notices, By authorizing a person other than an aufhddzeel officer or other employee of the issuer to communicate with the IRS and whom the IRS may contact about this returnthe issuer authorizes the IRS to communicate directly with the individual listed on line 6, whose address is entered on lines 3 and 4 and consents to disclose the issuer's roturn information to that individual. as necessary, to process this return. Line 5. This fine is for IRS use only. Do not make any entries in this box. Part 11—Description of Obligations Check the appropriate box tleslgneting this a"s a. retool on a single Issue basis or a r:ranSOlidated fetum basis, Line Ba. The Issue pace of Obllgafions is 'gerloo lly determined under Regulations Section 1.148-1(b).-Thus. when issued for cash, the issue price is the price at which a substantial amount of the obligations are Sold to the public. To determine the issue price of an obligation issued for property, see sections 1273 antl 1274 and tilerelated regulations. Line 8b. For a single issue, enter the date of issue (for example, 03/1512010 for a single issue issued oil March 15, 2010),. generally the date on which the Issuer physically exchanges the bonds that are pan of the issue for the underwriter's (or other - Purchasers) funds; for a lease or installment sale. enter the date interest starts to accrue. For issues reported on a consolidated basis, enter the first day of the calendar year during which the obligations were Issued! ifor example, for calendar year 2010. enter O t J0112010), Lines 9a through 9h. Complele This secholn if property other than cash is exchanged to the obligation, for example. acquiring a police car, a fire truck,. or telephone equipment through a series of monthly payments (This type of obligation is sometimes referred to as a .municipal lease.") Also complete This auction if real property Is directly acquired in exchange for an obligation to make periodic payments of Interest and principal. Do not complete lines 9a through 9d if the proceeds of all obligation are received In the form Of cash even It the term "lease" Is used in the title of the Issue. For lines 9a through go, enter the amount on the appropriate fine that represents alease or Installment purchase. For line 9d. enter the type of item that is leased. For lines are through 91h, enter the amount on the appropriate fine that represents a bank loan. For line 9h, enter the type of bank loan. Lines 91 and 9j. For line 9j. enter the amount Of the proCeedS that Wdl tin used To mill prinoip"`!, interest, or call premium en any other Is%te Of non"S, including proceeds trial Will a wod to 7 ill, an Cser oj err r,u,rt for thili purposa, .o;"I 1!nasi , upiytoa arirtlar nhlirl-n',1^Or e•.g. p. :per, on ,ines 9i end 91 nU-.--dUOns f ro re.%,nd 1 nc- sue , wrrieh rc xf ,orll icons hole Ile proceeds of ❑not r tat -:z mpt ob �raifon. Line 9kenter on line 9k the amount on line 8a mat doeS no: fefirclient an cbllga,on described on 41es9a Ihrouait 9j, Line 10. Check this box if file issuer has designated any issue as a 'small issuer exception" under 8ectlCm 2Hctb)(31(fhdi)([III. Line 11. Check this box it The issue is a Construction issue and an ifreVUCable Pechon to pay a pallalry M lieu of -�r;5irape rebate has been made on or before Ole dare the bonds were issued. The penalty is ,^,dyable vitm a Form 3038-T :or rich 6-month p ldn7 oiler the (jilt. The rn ❑ Irl ;sued Or, r riak,; any parr eat Ol je,lf:ty In tier of .e.bd:e ,rill, Fonn 80(58-CC. See Rev. Prot,. 92-'__'--, 199 C,R, 736, r rides Irgr t rI t� 1, "alertlon document_' Line 12, Enter in&n me of me vendo or ban., who ,s a part} rl ,h,, is ,.sin nt purchase agleernent, IoarY or Ilna Lea, orse'. It fhnfe are mullnle Vendors or Willis. the Isti fe; should attach a scnadule. Line 13, Enter lhls cinPloytx lJollut cation number of the vendor or bank who is a party to the inSialiment purchase ageeernent, loan, or financial lease n More are nlutfipi8 Vendors or hank:. the should riflch a schedule. Signature and Consent An authorized, representfelvo of Tile issL;er must C:ign Form 8038-0C and any applicable certification. Also print the name and title of the person signing Form 8038-GC. The authorized reopn .: ltaflve of The Issuer algning this form Must llwwf.flhe. authohty to -dnsenl to file disclosure or thp isstler,,, return litounaf3on, as necessary to process this =ell re :0 air, p ``O J taut hP5 beell oosignaied In tins form. Note. It The issuer altlhdr,.,,-y in line e me IRS i0 :pnlm.i tl l' ICVillin ifpvl:f it O, tnin,i officer or other E n ar.,tto Of lI ISSUe, f,110M aurhori7nrlol 511.111 iaciude contact both is we final regarolf- s of In, arlrress rritued hI line.. A, rti 4, rind by 11 Iw'.prlst ) by gIina This form, .he issuer s aulr,OdZeJ representative consents To the 65dosure of The issue: s relufn infonrlail0n, is necessary to process this return, to such porson, Paid Preparer if an 9utnOriZed ICpr95cr1t81iVe 01 the iSSG2i filled ul its return, the paid prepai space SnOUld lOsIrIiri t iull, Anyonr pap prepnres tilt e,uln bl,tcn t1 cror,iolt. O . i IJn snotrr ] not Sign rho return. C f olt t,s "Al"AlO propane th 'i 'il s.hi; Ile [[Of ,I L1, for ex'101pie, a ndgifl` r or time ern, u}ee. or the lSst-1 such 5 clerk, secretary, etc., should rot sign:. f 3' nerally, ar,votst v so is pant to prmpaa'e a retUnl rllnyT g'rgii I aid 'III ill trip Ether blanks in fie Paid P.pcarrer lice Only area of the return, A paid preparer cannot use a social security ournbm in tale liald Prepare, lice Only box. Theprild preparer must use a preparer tax identification number (PT IN) If the paid preparer is seff-employedthe prepare,. sna lid enteriirs of tier wjfuss IF. The bo, The paid prepare, nlitst, • Sl.lrl it 10 rfalirl n tl Spmo p Or"(;'n for rile URF r G.16 to oil • 13EVe a copy of rile ro;unl m the Issuer. Paperwork Reduction Act Notice VJC for uL. i'lors ' :on oil it is Orin to Oaur ai I a .nt .nlol Revenue I"V"s Of the Unl 1 nt erns. `ro r aquirrc rr give us the into; ^lation :fie 11peri :f r[, ensure it VOtI Orr, 11,01aiPNin0 with these!ai.s . 'eou are net rerlu rid to pro rt P me Inlormaholl ren„f.,asto d on A fcnn tf tat is subiect to the Papervork Reduction Art (06 e the term displays it vatct ilMH "'I r01 llumf 'r, Rooics of records rotor i I, to o IO+uI er ft; iwvuli: ;oo,, mc81 b,. retained as long as their contents may become material in the adnGnistration of any Internal Reaenue lase. Generally, lax futurist and return inforf, atxifrs are Confidential, as required by ,eq h.yt (i1.0&, The little neeoed to complete and file that fore 1 will a,, ,den 1 ,ndn;rj cm individual dr urns ances. TI < tittlmrstl a rage time is' Learning about the law or the form . . . . Al iv„ 46 min, preparing the form 2 ;v- 22'i' m Copying, assmnbling. and Sending the fornf to the IRS ? nr , 34 min. 11 f r ; I1 3v6 cenfn e'tC conF')H l rig file ❑"cuaary of }lese lime e5linlaqas or sun. r_tiOW; for r olonq this to r lnpler, Vs Woe Ite nappy to li,' r from Vol, YO, e,d l µiv(- tu nolfiternalt - onve:e OIGL'.Tax Products Coordinating Comnrnwo. 5✓v!N:CAR:r1P:Lm:$, 1111 Cunstitulion Ave. NVd IR Fib2+4: Wasningtai. DC.; M0 24. Do nor send the form to this address. 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