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<br />VEHICLE SCHEDULE ADDENDUM <br />Dated As Of May 9, 2001 <br /> <br />-'p) "",~~""'~".~ n'l <br />R~"'("'0','" ~t..".. 'U,,-!>"il. <br />Lt::~~........ ....; '{.J 'w~ti13\W ..;.0;;; <br /> <br />Lease Schedule No. 1000110007 Dated May 9. 2001 <br /> <br />Lessee: City of San Marcos <br /> <br />Reference is made to the above Lease Schedule ('Schedule") to the Master Lease-Purchase Agreement <br />identified in the Schedule ("Master Lease") by and between Banc One Leasing Corporation ("Lessor") and the above <br />Jessee C'Lessee"). This Addendum amends and modifies the terms and conditions of the Schedule and is hereby made <br />a part of the Schedule. Unless otherwise defined herein, capitalized terms defined in the Master Lease shall have the <br />same meaning when used herein. <br /> <br />NOW, THEREFORE, as part of the valuable consideration to induce the execution of the Schedule, Lessor and <br />Lessee hereby agree to amend the Schedule as follows: <br /> <br />1. In the event that any unit of Equipment covered by the Schedule is a vehicle or trailer under applicable State <br />law, then the following provisions shall also apply to the Schedule: <br /> <br />(a) each manufacturer's statement of origin and certificate of title shall state that Lessor has the first and sole <br />lien on or security interest in such unit of Equipment; <br /> <br />(b) the public liability and property damage insurance required by the terms of clause (b) of Section 14.1 of the <br />Master Lease shall be in an amount not less than $500.000.00 per person injured and $1.000.000.00 combined single <br />limit per unit per occurrence (provided, that if the unit of Equipment is a bus or other passenger vehicle, then such <br />insurance amount shall be such larger amount as may be reasonably required by Lessor) and $500.000.00 for damage <br />to property of others; <br /> <br />(c) Lessee shall furnish and permit only duly licensed, trained, safe and qualified drivers to operate any such unit <br />of Equipment, and such drivers shall be agents of Lessee and shall not be agents of Lessor; and <br /> <br />(d) Lessee shall cause each such unit of Equipment to be duly registered and licensed as required by applicable <br />State law with Lessor noted as lienholder and Lessee as owner~ <br /> <br />2. Except as expressly amended by this Addendum and other modifications signed by Lessor, the Schedule <br />remains unchanged and in full force and effect. <br /> <br />IN WITNESS WHEREOF, the parties hereto have executed this Addendum as of the date first referenced above. <br /> <br />City of San Marcos <br />(Lessee Name) <br /> <br />BANC ONE LEASING CORPORATION <br />("Lessor") <br /> <br />By hA~ <br /> <br />Title: City Manaqer <br /> <br />By: <br /> <br />(YJ~~- <br /> <br />Title: <br /> <br />Funding Authority <br /> <br />MLDSA1 (01) 4/26/96 <br />