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shown in the above araahs, BofA sianificant/v outpaces competitors. Additionally, compared to the other <br />underwriters active in the California POB space, our averaae senior -manacled issue size in California is up to Sx <br />luraer than our competitors. We believe our dominant position in this segment of the market is a reflection of <br />our banking staffs ability to flawlessly execute complex transactions and our underwriting desk's ability to <br />achieve market appropriate pricing in all market conditions. <br />Significant Experience Leading Underwriting Syndicates. Given our experience with large transactions, we are <br />a frequent book -running senior manager of underwriting syndicates for large transactions and would be able to <br />help lead and mobilize the City's underwriting team to help ensure efficient execution of the City's transaction. <br />For example, BofA is book -running senior manager on the State of California's $1.9 billion March 2021 General <br />Obligation Bonds which priced this week, and for which we successfully managed an underwriting syndicate of <br />more than SO co -managers and selling group members. <br />California Senior Managed Financings Greater than $500 Million (Negotiated <br />t,ale . <br />na <br />bcape or I:ork <br />10/29/20 <br />Los Angeles Comm College Dt <br />1,793.805 <br />04/23/20 <br />Los Angeles USD <br />829 000 <br />04/1 6/20 <br />California <br />1,439.115 <br />BofA is a full service underwriter with <br />02/05/20 <br />California Slate Univ Tru,lees <br />S86.02C <br />the abiliLy Lo rneel. exLensive scope of <br />09/19/19 <br />Bay Area Toll Authority (BATA) <br />869. 19S <br />work requirements. For each of the <br />08/14/19 <br />San Francisco City & Co Airport Comm <br />1,04CIA80 <br />transactions listed to the left, BultA's <br />03/06/19 <br />California <br />500.040 <br />scope of work included a mixture of the <br />03/06/19 <br />California <br />1,/91.810 <br />following assignments: <br />06/OS/18 <br />California Municipal Fin Auth <br />1,181.525 <br />• Financing Schedules <br />05/23/18 Regents of the Univ of California 736.215 Distribution Lists <br />05/J9/18 Regents of the Univ of California 945.810 Financial Modeling <br />O5/16/18 San Francisco City & Co Airport Comm 758.470 Rating Agency strategy and <br />03/06/18 California 1,96&930 Presentation Development <br />02/21/18 Los Angeles USD 1,2)W.445 Investor ROadbhOwb (Physical and <br />OS/01/17 Bay Arca Toll Authority (BATA) 1,402A75 Electronic) <br />04/26/17 Los Angeles Dept Wtr & Pwr (LADWP) 530.270 International Investor Marketing <br />04/20/17 California 648.070 Domestic Institutional and <br />11/17/16 Los Angeles Co Metro Trans Auth S22.120 Individual Investor Marketing <br />08/30/16 California 2,653.000 Digital and Print Bond Offering <br />05/11/16 Alameda Corridor Transport Auth 551.140 Advertisements <br />04/28/16 California Statewide CDA (CSCDA) 947.620 <br />04/08/16 California State Univ Trustees 1,133.105 <br />Pleaso note, BofA does not provide client contact informotion due to privacy concerns. If the City wishes 16 contact one of these issuers <br />directly, BofA la happy to arrange such outreach accordingly. <br />ix. A storement that the firm is todependenr of the City and Char k is unaware of potentiol rnnflirts of interest. <br />To the best of our knowledge at this time, we are not aware of any actual or potential conflicts of interest that <br />could negatively impact the provision of our services as contemplated herein. If selected to be your underwriter, <br />however, in accordance with our MSRB Rule G-17 obligations as an underwriter, we will conduct our MSRB Rule <br />G-17 review and provide you with disclosures at that tithe. Please see Appendix C for additional disclosures. <br />x. All offlralori,p StatemBat Verifying the fIRT and off assigned Ivey professional staff are properly licensed to prarnre In callfal'na. <br />To the best of our knowledge and belief, BofA Securities, Inc. and all assigned key professional staff are properly <br />licenses to practice in California. <br />A A warrant that the firm mainmins a prudent omount of errors Gild omissions insurance that covers negligent acts and is applicable to the work <br />toque^Iri in Ihi•. HFV. <br />Please reference Appendix D for a Certificate of Liability Insurance which details BofA's Errors and Omissions <br />insurance coverage. <br />xii. An acknowledgement by signoture that the signer is authorized to contractually bind the firm. <br />Holly Vocal, Managing Director, is authorized to contractually bind BofA. Please reference Appendix E for an <br />incumbency certificate. <br />�'� ity Council Page S 23 — 104 5/18/2021 <br />g BofA SECURITIES r <br />