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<br />L Financial Services
<br />DELL FINANCIAL SERVICES LEASE PROPOSAL
<br />CITY OF SOUTH BEND
<br />December 23, 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 Qty. Amount
<br />c,���, A Frequency (months) Factor Payments
<br />.............
<br />3000052768490.1 Latitude 12 Rugged
<br />Extreme 7214 $3,000,00 11 $ 33,000,00 Pis irria0 GO0.22859 $ 7,543.47
<br />END OF LEASE OPTIONS:
<br />1 BUYOUT LEASE OPTION
<br />O tion available to lessee upgn completion of the base Iggse term are as follows:
<br />Exercise the o12JjQn to PUrdlase 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. IfV911 areoles 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 / 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 />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 VALIDITYIAPPROVALS: This is a proposal based upon market conditions and il valid fq o A01 rl z d^., is subject to final credit approval, review of the economics of
<br />the transaction, and execution of mutually acceptable documentation.
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