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U.S.Bank Equipment Finance, adivision ufU.SiBank National Association <br />13O1OSVV68thParkway, Suite 1OU <br />Portland, ORA7223 <br />Re: Property Schedule No. 1 to Master Tax -Exempt Lease/Purchase Agreement betweenU.S.BenkEquipment <br />Finenca, a division of U.S. Bank National Association and City ofSan Marcos <br />Ladies and Gentlemen: <br />In accordance with the above -referenced MosterTax'Exempt Leaee/PunohamaAgreement (the "Master Agreement"), the <br />undersigned ("Lessee") hereby certifies and represents to, and agrees with, U.S. Bonk Equipment Finance, edivioion of <br />U.S. Bank National Association ("Lessor"), as follows: <br />(1) The Property, as such terms are defined in the above -referenced Property Schedule, has been acquired, <br />made deliverad, installed and accepted onthe date indicated below. <br />(2) Lessee has conducted such inspection and/or testing of the Property as it deems necessary and <br />appropriate and hereby acknowledges that it accepts the Property for all purposes. <br />(3) No event or condition that conedbdan, or with notice or lapse of time, or both, would constitute, an Event of <br />Default oralloneppruphetionEvent (as such terms are defined inthe Master Agreement) exists sdthe date <br />Lessee: City of San Marcos <br />By: G"I <br />Name: Charles Daniels <br />Title: Interim City Manager <br />