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Commencement Date: Anticipated to be September 29, 2023,or a mutually agreed upon date. Option A Option B Interest Rate": 1)Five(5)Year 4.229% 4.305% 2)Seven(7)Year: 4.139% 4.186% 3)Ten(10)Year: 4.089% 4.136% 'Interest Rate shall be held for 60-days from the date of this Term Sheet_ If the transaction does not Gose within 60-days, the Interest Rate shall adjust per the Adjustment to Rate below. Adjustment to Rate: The following formula is provided as a guide to calculate Interest Rate after Term Sheet submission. Index Rate changes may result in a corresponding adjustment to maintain Lessor's economics. The Interest Rates and Payments quoted herein are subject to the index formula below, based upon the then current SOFR Rate ("Index Rate") 3yr SOFR for 5 Year term / 4yr SOFR for 7 Year term / 5yr SOFR for 10 Year term . The Interest Rate will be the applicable Index Rate multiplied by the Bank's Tax Exempt Factor of 79% (for tax-exempt rate)plus a Spread, as outlined below. For every change (increase or decrease) in the Index Rate a corresponding adjustment will be made to the Interest Rate. The final Interest Rate and Payment will be agreed upon 3 days prior to closing and will be fixed for the Loan Term. Lessee may request an early Rate Lock upon Council approval and a committed funding date. Index Formulas: Option A: Rate Calculation: (Index Rate ' 79%) +Spread = Fixed Interest Rate 1) 5yr Example: (4.479%` 79%) + .6906%= 4.229% 2) Tyr Example: (4.285% 79%) + .7539%= 4.139% 3) 10yr Example: (4.171% ` 79%) + .7939% =4.089% Option B: Rate Calculation: (Index Rate' 79%) +Spread = Fixed Interest Rate 1) 5yr Example: (4.479%' 79%) + .7666% = 4.305% 2) Tyr Example: (4.285%' 79%) + .8409% = 4.186% 3) 10yr Example: (4.171% ' 79%) + .8409%= 4.136% Lessor reserves the right to adjust the pricing proposed in order to maintain Lessor's anticipated economic return as a result of material adverse change. Prepayment: The Financing may be prepaid prior to maturity on any payment date and without penalty, in whole but not in part, after 24 months from the date of commencement, subject to 30 days prior written notice. Rate Premium: 5yr Term: + 15 basis points to Interest Rate 7yr Term: + 15 basis points to Interest Rate 10yr Term: + 21 basis points to Interest Rate Pre-pay at any time - "Make-Whole" Language shalt apply no premium to 560 Mission St. Floor 20 San Francisco, CA 94105 Office/Cell: (925)212-1065 ( rebecc.a.a.lowe@jpmorgan.com JPMorgan Chase Bank, N.A.