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Prepared For:CITY OF LA PORTE, TEXAS
<br />May 3, 2016
<br />Term 36
<br />Rf_li wms dmp egtgle Bcjj Dgl_lag_j Qcptgacq J,J,A, &ŬBDQŭ' rfe opportunity to provide a technology financing solution. OptionFMV
<br />Enclosed is a financing proposal for your new technology needs. We look forward to discussing this opportunity in
<br />Payments:Annual
<br />further detail with you. If you have any questions, please contact me at the phone number or email address below.
<br />Consolidation:Monthly
<br />Payments Due:Advance
<br />Interim Rent:None
<br />3
<br />Summary Product Description
<br />Product PriceExtended Price
<br />QuantityRate Factor
<br />Quote NumberPayments
<br />S9553775Latitude 14 Rugged$ 21,800.00$3,600.000.33235$1,196.46
<br />$ 321,591.000.34339$17,482.67
<br />S9553847Dell Latitude E5570$50,912.00
<br />$ 30790.000.33840$8,020.08
<br />S9553888OptiPlex 7040 MT$23,700.00
<br />$ 42,052.980.33968$2,789.42
<br />S9553913Precisions Workstations T5810$8,211.92
<br />TOTALS$86,423.92$29,488.64
<br />Proposal Expiration Date:
<br />June 2, 2016
<br />Leasing and financing provided by Dell Financial Services L.L.C. or its affiliate or bcqgelcc &ŬBDQŭ' rm os_jgdgcb asqrmkcpq, Mffers may not be available or may vary
<br />in certain countries. Where available, offers may be changed without notice and are subject to product availability, credit approval, execution of documentation
<br />provided by and acceptable to DFS, and may be subject to minimum transaction size. Offers not available for personal, family or household use. Dell and the Dell
<br />logo are trademarks of Dell Inc. Proposal is property of DFS, contains confidential information and shall not be duplicated or disclosed in whole or part. Proposal
<br />is not a firm offer of financing. Pricing and rates based upon the final amount, configuration and specification of the supplied equipment, software, services or
<br />fees. Prorata payment may be due in the first payment cycle. Proposal excludes additional costs to customer such as shipping, maintenance, filing fees,
<br />applicable taxes, insurance and similar items. Proposal valid through the expiration date shown above, or if none is specified, for 30 calendar days from date of
<br />presentation.
<br />End of Term Options:
<br />Fair Market Value (FMV) Lease:
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<br />Caren Wright
<br />FSR
<br />Dell | Financial Services
<br />office + 512-728-6628
<br />caren_wright@dell.com
<br />Additional Information:
<br />LEASE QUOTE: The Lease Quote is exclusive of 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
<br />whatsoever. Additionally, Lessee shall declare and pay all sales, use and personal property taxes to the appropriate taxing authorities. If you are sales tax
<br />exempt, please provide a copy of your Exemption Certificate with the Lease Contract. If Lessee provides the appropriate tax exemption certificates to DFS,
<br />sales and use taxes will not be collected by DFS. However, if your taxing authority assesses a personal property tax on leased equipment, and if DFS pays that
<br />tax under your lease structure, Lessee must reimburse DFS for that tax expense in connection with the Lessee's lease.
<br />PURCHASE ORDER: The Purchase Order must be made out to Dell Financial Services L.L.C., One Dell Way, RR8-23, Round Rock, TX 78682. The Purchase
<br />Order will need to 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
<br />the type of lease, the term length, and payment frequency. The date of the lease quote referenced should be included. Please be sure to include any applicable
<br />shipping costs as a line item and include 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
<br />(i) comprehensive public liability insurance naming Lessor as additional insured; and (ii) "all-risk" physical damage insurance in a minimum amount of the
<br />Purchase Price, naming DFS as first loss payee.
<br />APPROPRIATION COVENANT: The Lease will contain an appropriation of funds clause. The Lessee will covenant that it shall do all things legally within its
<br />power to obtain and maintain funds from which the payments may be paid.
<br />DOCUMENTATION: In addition to a duly executed Agreement, other documents as reasonably requested by DFS may be required, such as but not limited to,
<br />opinions of counsel, IRS tax exemption forms (if applicable), and audited financials.
<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 of the
<br />economics of the transaction, and execution of mutually acceptable documentation.
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