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All <br />Motorola Solutions, Inc <br />Date: <br />April 2, 2016 <br />Financing proposal for: <br />City of Santa Ana, CA <br />Communications System Financing Proposal <br />Motorola Solutlons Credit Company <br />LLC Is pleased to submit the following proposal for the financing of your <br />Mot arcla 0ommunloailonsP-2t1 solution <br />In accordance with the teens sad conditions outlined below: <br />Transaction Typo: <br />Municipal Lease - Purchase Agreement <br />Lessor <br />Motorola Solutions, Inc. (or its Assignee) <br />Lessee: <br />City of Santa Ana, CA <br />Amount <br />$4,257,403.00 <br />Down Payment <br />$0.00 <br />Balance to Finance: <br />$4,257,403. <br />Equipment: <br />As per the Motorola equipment proposal <br />Title: <br />Title to the equipment vrlll vest with the Lessee. <br />Insurance: <br />Lessee will be responsible to Insure the equipment as outlined in the <br />lease contract <br />Taxes: <br />Personal property, sales, leasing, use, stamp, or other taxes are for the <br />account of the Leaeee. <br />Fourteen Months interest free <br />Option One Corso Two <br />Leese Term: <br />Seven Years Ten Years <br />Payment Frequency <br />Annual Annual <br />Payment Structure: <br />Arrears Arears <br />Leese Rate First 14 months: <br />o <br />Lease Rate remaining term: <br />3.02% 3,12% <br />Lease Factor: <br />0,155919 0,114334 <br />Lease Payment: <br />$893,808.38 $485,705.81 <br />Payment Commencement: <br />Firsl payment due (See Schedule B Amortization <br />14 months after tables) <br />pullract <br />execution. <br />Expiration: <br />The slated interest rates are valid for all leases commenced by <br />5/10/2015 <br />Qualifications: <br />Receipt of a property executed documenlatlon package. <br />Lessee qualifies as a pollllcal subdivision or agency of the State as <br />defined In the Internal Revenue Code of 19B8. The Interest portion <br />of the Lease Payments shell be excludable from the Lessor's <br />gross Income pu rauanl to Section 103 of the Internal Revenue Coda. <br />Racal ill of a copy of the last years audited financial statements <br />and current year's budget from the Lessee. <br />This proposal should not be construed as a commitment to finance. <br />It Is subject to final Motorola credit committee approval. Thla quote <br />Is based on the general level of Interest rates, prlmarlly U.S, Treasury <br />BIAS of like term maturity. Any movement In those rates In excess <br />of 10 basis points will result in the revision of this quote, <br />Documentation <br />Municipal Equipment Leese Purchase Agreement <br />Opinion of Counsel <br />Schedule A/ Equipment List <br />Schedule B / Amortization Schedule <br />8038G <br />UCC -1 <br />ContFlCate of Incumbency <br />Statement of Essential Use /Sourca of Funds <br />Evidence of Insurance or Statement of Self Insurance <br />Resolution from governing hotly authorizing the execution of the Leese <br />Please feel free to contact me If (here are any questions or If an alternate <br />structuring Is required. <br />Regards, <br />Bill Stanclk <br />Motorola Cualamor Financing 847 -538. <br />4531 <br />