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WINTHROP <br /> WINTHROP RESOURCES TECHNOLOGY EQUIPMENT LEASE PROPOSAL <br /> In Partnership with Davenport Group <br /> February 10,2017 <br /> Lessee: Cabarrus County,NC <br /> Leased Assets: Compellent Project Quote:095818 <br /> Initial Lease Term: 36 Months <br /> Total Acquisition Costs: $307,429.00 <br /> Lease Charge: $8,179/mo <br /> Lease Deposit. Equivalent of one month final lease charge due at initial funding. In the event of <br /> no defaults,may be applied to final payments. <br /> Anticipated Delivery: It is anticipated that the equipment will be installed and delivered beginning <br /> March 2017 at consist of at least 80%hardware. During the installation period, <br /> lease charges will be charged only on the cost / equipment accepted by the <br /> Client. Once all of the cost / equipment has installed the lease schedule will <br /> commence. <br /> Lease Rate Adjustment. The lease rate is fixed from commencement date to the end of the term. It may <br /> be adjusted on the Commencement Date to reflect any change in the applicable <br /> interest Rate Swap. <br /> Equipment Location(s): North Carolina <br /> Taxes: Sales,property,and any other taxes are in addition to the lease charges above. <br /> Lease Accounting: Cabarrus County, NC and its accountants are responsible for determining the <br /> accounting and tax treatment, benefits, uses and classification of the lease <br /> agreement and lease schedules. <br /> End of Term Options: -Return to Winthrop <br /> -Buy-out(Mutually Agreeable Value) <br /> -Extend/Renew/Restructure(Mutually Agreeable Value) <br /> Documentation: Winthrop will provide all documentation <br /> Not a Commitment. <br /> Financial review still needed. Your acceptance of this proposal is an application for credit.This proposal is not a <br /> commitment from Lessor nor is it an offer to enter into a specific contract and it is expressly subject to the approval <br /> of a firm commitment by our Senior Management Committee or by our nominee.The Lessor has made certain <br /> assumptions with regard to the Equipment.If those assumptions differ from actual equipment to be leased <br /> hereunder,Lessor may revise its pricing to accurately reflect those differences. The undersigned,by its authorized <br /> representative below,accepts the terms of this Proposal,agrees to furnish Winthrop Resources Corporation,its successors <br /> and assigns,any information relating to the business or financial condition of Lessee or its affiliates. <br /> By: Title: Date: <br /> Lease Proposal Expires February 28th,2017 <br /> 1792 <br /> f Attachment number 2\n <br /> F-9 Page 120 <br />