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SUNTRUST EQUIPMENT FINANCE & LEASING CORP. <br />ADDENDUM TO EQUIPMENT SCHEDULE NO.O1 <br />TO MASTER LEASE AGREEMENT (LEASE N0.06544) <br />RELATING TO SELF-INSURANCE <br />THIS ADDENDUM is made as of March 19, 2008, between SUNTRUST EQUIPMENT FINANCE & LEASING CORP. (the <br />"Lessor") and CITY OF SANTA ANA (the "Lessee"). <br />Recitals <br />A. Lessor and Lessee have entered into a Master Lease Agreement dated as of March 19, 2008 (the "Agreement"). <br />B. Lessee desires to lease equipment described in Equipment Schedule No. Ol to the Agreement (the "Equipment") and Lessee has <br />requested that Lessor lease such Equipment to Lessee. <br />C. With respect to Equipment Schedule No. O1, Lessee has requested that Lessor permit it to provide self-insurance for liability claims and <br />property damage. <br />D. Lessor is willing to grant Lessee's request subject to the following terms and conditions. <br />NOW, THEREFORE, in consideration of the premises and mutual covenants and agreements contained herein and in the Agreement, it is <br />hereby agreed as follows: <br />1. The terms capitalized in this Addendum but not defined herein shall have the meanings assigned to them in the Agreement. <br />2. Lessee hereby represents and warrants that all representations and warranties contained in the Agreement are true and correct as <br />of the date hereof and that neither aNon-Appropriation nor any Event of Default or event which, with the passage of time or giving of <br />notice or both, would constitute an Event of Default has occurred under the Agreement. <br />3. All other terms and conditions of the Agreement not specifically amended by this Addendum shall remain in full force and <br />affect and are hereby ratified and confirrned by Lessee. <br />4. Lessee represents and warrants that all representations and warranties contained in the Questionnaire for Self- Insurance to <br />Master Lease Agreement (the "Questionnaire") are true and correct as of the date hereof. <br />5. Lessor acknowledges receipt of the Questionnaire and, in reliance upon the infom~ation provided therein, agrees that Lessee <br />may satisfy the requirements of Sections 7.1 through 7.3 of the Agreement with respect to Equipment Schedule No. Ol through self- <br />insurance. <br />6. By written notice to Lessee, Lessor may revoke its agreement relative to Equipment Schedule No. O1 to accept self-insurance in <br />lieu of the insurance required by Section 7.1 through 7.3 of the Agreement at any time during the related Lease Term when Lessor deems <br />itself insecure with respect to such self-insurance. Within thirty (30) days of receipt of notice from Lessor, Lessee agrees to obtain <br />insurance in compliance with Section 7.1, 7.2 and 7.3 of the Agreement and provide evidence thereof to Lessor. <br />IN WITNESS WHEREOF, the parties by their duly authorized officers have executed this Addendum as of the date and year first above <br />written. <br />CITY OF SANTA ANA, <br />Lessee <br />SUNTRUST EQUIPMENT FINANCE <br />& LEASING CORP., <br />Lessor <br />Cie _'~ .::.~--_. -, <br />._ 1 <br />~.{ _ _ __. <br />BY "Z ~~ By: ~._.........~~_:_..____ <br />Name: Francisco Gutierrez Name: Donald S. Keough <br />Title: Executive D}rector of Finance Title: Vice President <br />Date: .3~/ ~/Ul _ Date: <br />,J a X30 =_ j i <br />3/ 18/2008~.NBQ-ESC.DOC/rev.01lO5. stlc <br />~~..~~~~ <br />r ~ <br />