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© MOTOROLA SOLUTIONS <br />Date: <br />June 21, 2016 <br />Financing proposal for: Cabarrus County, NC <br />Motorola Customer Financing recognizes that each opportunity presents unique <br />issues and characteristics. Therefore, our approach involves understanding our customer's operational <br />goals and financial objectives. Should you feet another financing structure is reaufred. Motorola <br />Customer Financina would welcome the oonortunify to work with vou. <br />Transaction Type: <br />Municipal Lease - Purchase Agreement / Tax Exempt Financing <br />Lessor: <br />Motorola Solutions, Inc. (or its Assignee) <br />Lessee: <br />Cabarrus County, NC <br />Amount: <br />$334,814.77 (includes 7% sales tax estimate) <br />Down Payment: <br />$0.00 <br />Balance to Finance: <br />$334,814.77 <br />Equipment: <br />As per the Motorola Solutions equipment proposal. <br />Title, Insurance, & <br />Title to the equipment will vest with the Lessee, and the Lessee will be <br />Maintenance <br />responsible to insure & maintain the equipment as outlined in the lease contract. <br />Taxes: <br />Personal property, sales, leasing, use, stamp, or other taxes are for the <br />account of the Lessee. <br />Lease Term: <br />Three Years <br />Payment Frequency: <br />Annual <br />Lease Rate: <br />0% (yrs 1 & 2) <br />3.27% (yr 3) <br />Please note this special financing offer is being subsidized by Motorola Corporate to the bank and such <br />subsidy is limited, subject to <br />change, including elimination, and is only available for financed transactions. <br />Lease Payment: $170,101.00 <br />2 pmts in total <br />Payment Structure: Arrears <br />Payment Commencement: First payment due <br />two years after <br />contract execution <br />Please be advised the rates and payment streams above are valid for lease purchase contracts <br />executed and returned NO LATER than: 8/1912016 <br />Program Highlights: Low, tax exempt financing interest rates... the cheapest & easiest way for <br />State & Locals to raise cash. <br />Eliminate miscellaneous financing costs associated with bonding... NO special <br />counsel fees, underwriters fees, origination costs, or reserve fund requirements. <br />Every dollar vou borrow nets allocated towards your proiect. <br />No pre - payment penalties provided payment is made on a regularly scheduled <br />lease payment date. <br />Lease Payments are subject to annual appropriation, so the Lessee DOES <br />NOT pledge its full faith and credit. <br />Future equipment upgrades can easily be accommodated via add -on lease <br />schedules, restructuring already existing deals, etc. <br />Qualifications: Receipt of a properly executed documentation package. <br />The Interest portion of the Lease Payments shall be excludable from the Lessor's <br />gross Income pursuant to Section 103 of the internal Revenue Code. <br />Receipt of a copy of the last 2 year's audited financial statements <br />and current year's budget from the Lessee. <br />This proposal should not be construed as a commitment to finance. <br />It is subject to final credit approval. <br />For questions concerning this quote, please contact: Paul Mecaskey <br />Motorola Solutions Credit Company LLC <br />847 - 538 -3707 <br />pjm @motorolasolutions.com <br />F -11 <br />Attachment number 2 \n <br />Page 129 <br />