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KDfGLL I Financial Services
<br />DELL FINANCIAL SERVICES LEASE PROPOSAL
<br />CITY OF SOUTH BEND
<br />April 1, 2019
<br />Thank you for the opportunity to provide leasing information to you on the proposed acquisition of Dell product. Dell Financial Services (DFS) is a leasing institution fully
<br />integrated into Dell Computers' systems and operations allowing you to benefit from one stop shopping for all your hardware, software, peripherals, service, support, and
<br />financing needs. The lease quote provided below outlines only a few of the options available to you through DFS programs„ If the information does not meet your needs, please
<br />let us know and we will work with you to tailor a lease program that does, Should the attached lease quote meet to your satisfaction, the next step is to issue a purchase order for
<br />the equipment. Please refer to the "Purchase Order' section and fax in your PO. Once your order(s) is entered by your Dell Hardware Representative, I will fax you the lease
<br />contract. It is the returned and signed lease contract that sends the orders into production. If you have any questions or comments, please don't hesitate to call me a512-724-
<br />5095. Thank you for your interest in Dell Financial Services.
<br />Sincerely,
<br />Missy Totten
<br />Dell Financial Services
<br />LEASE PROGRAM: 1 Buyout Tax Exempt Lease Purchase
<br />Total Payment Lease Term Lease Rate Lease
<br />Quote # Equipment Unit Price Oty. Amount Frequency (months) Factor Payments
<br />Financed
<br />3000025530352,3 Latitude 12 Rugged $3,431,19 15 $ 51,467 85 Annual 60 0,22232 $ 11,442.33
<br />Extreme 7214
<br />$ 51,467.85 $ 11,442.33
<br />END OF LEASE OPTIONS:
<br />1 BUYOUT LEASE OPTION
<br />Option atell ale to lessee liplelion of the base lease term are as follows:,
<br />Exercise the option to purchase the products for $1.00,
<br />LEASE QUOTE: The Lease Quote is exclusive of interim rental, shipping costs, maintenance fees, filing fees, licensing fees, property or use taxes, insurance premiums and
<br />similar items which shall be for Lessee's account. Lessee will pay Payments and all other amounts without set-off, abatement or reduction for any reason whatsoever.
<br />Additionally, Lessee shall declare and pay all sales, use and personal property taxes to the appropriate taxing authorities, Ifyou are sates tax exeatr t, please fax a copy of your
<br />Exemption Certificate with the Lease Contract.
<br />PURCHASE ORDER: The Purchase Order will be made out to Dell Financial Services, One Dell Way, RR3 / MS8468, Round Rock, TX 78682, The Purchase Order will
<br />include the quote number, quantity and description of the equipment. Please be sure to indicate that the PO is for a lease order and shows the type of lease, the term length,
<br />and payment frequency. The date of the lease quote referenced should be included. Please be sure to include any applicable shipping costs as a line item, Please include
<br />your address as the SHIP TO destination,
<br />INSURANCE: The risk of loss on the Equipment is borne solely by the Lessee, Lessee shall be required to purchase and maintain during the Term (i) comprehensive public
<br />liability insurance naming Lessor as additional insured; (ii) "all-risk" physical damage insurance in a minimum amount of the Purchase Price, naming Lessor as first loss payee;
<br />and, (iii) workmen's compensation insurance.
<br />APPROPRIATION COVENANT: The Lease shall contain an appropriation of funds clause. The Lessee will covenant that it shall do all things legally within its power to obtain
<br />and maintain funds from which the payments may be paid and Lessee will not give priority or parity in the application of funds to any functionally similar equipment,
<br />DOCUMENTATION: Duly executed Agreement and other appropriate documents, including, opinions of counsel, UCC financing statements, audited financials and such other
<br />documentation as is reasonably requested by Lessor,
<br />PROPOSAL VALIDITY/APPROVALS: This is a proposal based upon market conditions and rA �,rV,i,iV fv a iPx at 1tx is subject to final credit approval, review of the economics of
<br />the transaction, and execution of mutually acceptable documentation
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