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JTMorgan August 18.2023 City of Pleasanton Attn:Susan Hsieh—Director of Finance 123 Main Street Pleasanton, CA 94566 RE: Request for Proposal for Type 1 Fire Engine Dear Susan, On behalf of the JPMorgan Equipment Finance Group("EFG")and JPMorgan Chase Bank.N.A_(the"Bank").we are pleased to submit our Term Sheet to the City of Pleasanton(the"City")for a tax-exempt,bank qualified. equipment lease financing in an amount of up to$1,237,932,subject to the terms and conditions described in the below Term Sheet. The City will be supported by our dedicated relationship team via the firm's Government Banking practice, led by Neil Pack. In addition,as an equipment finance specialist, I will be the primary point of contact for your equipment financing project. My equipment financing experience goes back over 38 years and includes financing many lease/purchase transactions for fire trucks identical to the City's request. Primary Contact: Secondary Contact: Rebecca Lowe— rebecca.a.loweA!iprnorgan.com Jay McCoy— i y.m.mccoyMp-torgan.com Executive Director/Senior Territory Manager Associate,Territory Associate-EF 560 Mission Street Floor 20 San Francisco, CA 94105 1111 Polaris Parkway Floor 1A Columbus.OH 43240 Office/Cell: (925)212-1065 Office:614-213-1943 f Cell:614-400-1695 By choosing the EFG,with over 30 years of financing experience, you can have confidence that you will be working with a team of experienced and highly qualified professionals who bring a wealth of knowledge and the backing of the largest US bank by market cap to your assistance. Moreover,we have a proven track record of supporting government agencies. Our firm has enjoyed, and greatly appreciates,the working relationship we have and look forward to continuing to build on this relationship with the City in the future. In addition to our experience working directly with the City,we also bring to the table the following: • a firm with a solid capital base; extensive equipment financing experience and a partnership approach to building relationships • No Fees • Locked Interest Rate available upon Council approval and funding date commitment In closing,we would like to thank you for the opportunity to present our Term Sheet to the City. Please don't hesitate to reach out with any questions or requests for modifications. Sincerely, APOCPPR TT �C6 ANP Rebecca A. Lowe Executive Director 560 Mission St, Floor 20 San Francisco, CA 94105 Office/Cell:(925)212-1065 1 rebecca.a.lowe@jpmorgan.com JPMorgan Chase Bank, N.A.