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DOoLL Financial Services
<br />J119J1 I ,
<br />CITY OF SOUTH BEND
<br />September 10, 2018
<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 unto produefion. 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:
<br />$1 Buyout Tax Exempt Lease Purchase
<br />Total
<br />Payment
<br />Lease Term
<br />Lease Rate
<br />Lease
<br />Quote 4
<br />Equipment
<br />Unit Price
<br />Qty.
<br />Amount
<br />Frequency
<br />(months)
<br />Factor
<br />Payments
<br />Financed
<br />300010213607642.1
<br />Dell Latitude 7212
<br />$2,279.10
<br />2
<br />$ 4,558.20
<br />Annual
<br />60
<br />0.2288
<br />$ 1,042.92
<br />3000028607642A
<br />Latitude 12 Rugged
<br />$3,425.58
<br />1
<br />$ 3,425.58
<br />Annual
<br />60
<br />0,2288
<br />$ 783,77
<br />Extreme 7214
<br />1 $ 7,983.78
<br />$ 1,826.69
<br />END OF LEASE OPTIONS:
<br />$1 BUYOUT LEASE OPTION
<br />Option available to lessee upon completion 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 declaire and pay all sales,, use and personal property taxes to the appropriate taxing authorities. If you are sales tax exempt, 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 I MS8468, Round Rock, TX 78682. The Purchase Order WII
<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 Ime 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; (if) "all-risk" physical damage insurance in a minimum amount of the Purchase Price, naming Lessor as first loss payee;
<br />and, (W) 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 is valid for 30 days is subject to final credit approval, review ofthe economics of
<br />the transaction, and execution of mutually acceptable documentation. M"'PaQviia
<br />%ard of NWio W�,rjt,
<br />
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