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shown in the above graphs, BofA significantly outpaces competitors. Additionally, compared to the other <br />underwriters active in the California POB space, our average senior -managed issue size in California is up to Sx <br />larger than our competitors. We believe our dominant position in this segment of the market is a reflection of <br />our banking staff's ability to flawlessly execute complex transactions and our underwriting desk's ability to <br />achieve market appropriate pricing in all market conditions. <br />Significant Experience Leading Underwriting Syndicates. Given our experience with large transactions, we are <br />a frequent book -running senior manager of underwriting syndicates for large transactions and would be able to <br />help lead and mobilize the City's underwriting team to help ensure efficient execution of the City's transaction. <br />For example, BofA is book -running senior manager on the State of California's $1.9 billion March 2021 General <br />Obligation Bonds which priced this week, and for which we successfully managed an underwriting syndicate of <br />more than 50 co -managers and selling group members. <br />California Senior Managed Financings Greater than $500 Million (Negotiated) <br />10/29/20 <br />Los Angeles Comm College Dt <br />04/23/20 <br />Los Angeles USD <br />04/16/20 <br />California <br />02/05/20 <br />California State Univ Trustees <br />09/19/19 <br />Bay Area Toll Authority (BATA) <br />08/14/19 <br />San Francisco City & Co Airport Comm <br />03/06/19 <br />California <br />03/06/19 <br />California <br />06/05/18 <br />California Municipal Fin Auth <br />05/23/18 <br />Regents of the Univ of California <br />05/22/18 <br />Regents of the Univ of California <br />05/16/18 <br />San Francisco City & Co Airport Comm <br />03/06/18 <br />California <br />02/21/18 <br />Los Angeles USD <br />08/01/17 <br />Bay Area Toll Authority (BATA) <br />04/26/17 <br />Los Angeles Dept Wtr & Pwr (LADWP) <br />04/20/17 <br />California <br />1,793.805 <br />829.000 <br />1,439.115 <br />BofA is a full service underwriter with <br />586.020 <br />the ability to meet extensive scope of <br />869.195 <br />work requirements. For each of the <br />1,040.480 <br />transactions listed to the left, BofA's <br />500.040 <br />scope of work included a mixture of the <br />1,791.810 <br />following assignments: <br />1,181.525 <br />■ Financing Schedules <br />736.215 <br />■ Distribution Lists <br />945.810 <br />■ Financial Modeling <br />758.470 <br />■ Rating Agency Strategy and <br />1,968.930 <br />Presentation Development <br />1,202.445 <br />■ Investor Roadshows (Physical and <br />1,402.175 <br />Electronic) <br />530.270 <br />• International Investor Marketing <br />648.070 <br />• Domestic Institutional and <br />11/17/16 <br />Los Angeles Co Metro Trans Auth <br />522.120 Individual Investor Marketing <br />08/30/16 <br />California <br />2,653.000 Digital and Print Bond Offering <br />05/11/16 <br />Alameda Corridor Transport Auth <br />591.140 Advertisements <br />04/28/16 <br />California Statewide CDA (CSCDA) <br />947.620 <br />04/08/16 <br />California State Univ Trustees <br />1,133.105 <br />Please note, BofA does not provide client contact information due to privacy concerns. If the City wishes to contact one of these issuers <br />directly, BofA is happy <br />to arrange such outreach accordingly. <br />ix. A statement that the firm is independent of the City and that it is unaware of potential conflicts of interest. <br />To the best of our knowledge at this time, we are not aware of any actual or potential conflicts of interest that <br />could negatively impact the provision of our services as contemplated herein. If selected to be your underwriter, <br />however, in accordance with our MSRB Rule G-17 obligations as an underwriter, we will conduct our MSRB Rule <br />G-17 review and provide you with disclosures at that time. Please see Appendix C for additional disclosures. <br />X. An affirmative statement verifying the firm and all assigned key professional staff are properly licensed to practice in California. <br />To the best of our knowledge and belief, BofA Securities, Inc. and all assigned key professional staff are properly <br />licenses to practice in California. <br />xi. A warrant that the firm maintains a prudent amount of errors and omissions insurance that covers negligent acts and is applicable to the work <br />requested in this RFP. <br />Please reference Appendix D for a Certificate of Liability Insurance which details BofA's Errors and Omissions <br />insurance coverage. <br />xii. An acknowledgement by signature that the signer is authorized to contractually bind the firm. <br />Holly Vocal, Managing Director, is authorized to contractually bind BofA. Please reference Appendix E for an <br />incumbency certificate. <br />1 Page 5 BofA SECURITIES ���� <br />