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Funded with POBs 92% UAL Funded Ratio Structured payments to achieve specific savings Larp.ets in first Len FYs and no dis savings relative to existing UAL • Prepared 50+ simulation scenarios to optimize funding level and base selection and assess rdnvcsimcnl. risk • Attended and presented at City Council meetings • Prepared loddshow and held one-on-one investor calls • Led underwriting syndic`a Le • Prepared post -closing funded with PUBS and AddCl Discretionary Payments from utilities 100% UAL Funded Ratio Structured 20-year level payments • Helped analyze ADP funding amounts and various POB debt structures • Crafted rating presmta Linn • Attended and presented at City Council meetings • Prepared investor roadshow; set priority of orders for retail • Prepared post -closing presentahun to be funded in two POB Uanches 1" Lranche funded 750. Funded Ratio and 2`° tranche to fund 2S% Targeted longer term bases for initial tranche Lo mitigate against interest rate risk • Helped evaluate funding levels and timing considerations • Helped develop and refine inaugural farm of ditdnsur'u document • Crafted rating presentation and helped secure inaugural GF rating • Set priority of orders for retail • Prepared punt -dosing presentation Funded with PUBs 85% UAL Funded Ratio Structured payments to achieve near -term savings in firsL Lwo FYs and no dis savings relative to existing UAL • Prepared 10+ simulation scenarios • Led discussions with CalPLRS on the City's behalf • Oplimized UAL hasc selection • Prepared investor roadshow • SeL priority of orders for retail • Led underwriting syndicate vii. Identify fru ee foxuble bond issuer references for which fhe proposed prirnary Project Manager and the secandofy Project Manager have curried out simdnr rPsprossibiliries to rhnSp rnntempinred under rhic are•. Inrluop rnnrarr infnrmnrinn fur Poch. Bolds strength in the municipal market is not only evident in the firm's strong rankings, but also in the strength of our relationships with our issuer clients. Provided below are three references for municipal clients for whom BofA recently senior managed California taxable POB offerings. Raymond Beeman Talika Johnson City of Gardena City of Azusa11 Chief Fiscal Officer (310)217-9502 rbeeman (a)cityofgardena.org $101.490 million 2020 Taxable POBs Primary! Jeffrey Bower Secondary: Holly Vocal Director Adrnln. Services (626)812-5202 tjohnson(a)azusaca.gov $70.000 million 2020 Taxable POBs Primary! Holly Vocal Secondary: Jeffrey Bower Anil Gandhy City of Downey Director of Finance (562)904-7265 aga nd hy(o)downeyca.org $113.SSS million 2021 Taxable POBs Primary! Holly Vocal Secondary: Jeffrey Bower viii. A list of the locol office's most significant eogogements in the last five (5J years, indicating whether they ore public or p/vote sector, antl including <. npo nT word- dolr and nnmr "W1 lelrphnne nrr,nbrr of lhn Thom h)nln"i Frequent Engagement on Large, High Profile Financings. Over the last five years, BofA has maintained a market leading position in California, especially for California Negotiated Rankings California Average Par Senior Managed transactions sized Transactions Greater Than $500 MM Comparison of Active POB Underwriters greater than $S00 ^^�^,<r�^'.,,, -��„9fi ,; �. �1 svr S121 million — a threshold we 00 7i :.zaoo view as significant in that it differentiates which IDnw �., a's>.,In so Szr szr Underwriters are tasked with the most u<;fn Ran 11r stir vl,a,a Rau 1 : 51,aN , challenging offerings. As Source: Thomson Reuters. 11112016 hi 311012021 Source: Thomson Reuters. 11112015 to 3110/2021 Council 23 — 103 5/18/2021 Page BofASECURITIES ��'r"