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2022/02/01 Enterprise FM Trust Quote for Lease Proposal Ford ExplorersOpen-End (Equity) Lease ProposalDate:02/01/2022Prepared For:City of Menifee (343096)Proposal SummaryProposal #:P468581Prepared For:Yun, AllenQuantity:4Driver InformationBase Lease PaymentInitial Charges Billed upon DeliveryQuoteDriverSTUse Tax RateExpectedAnnualMileageCapitalizedAmount(DeliveredPrice perVehicle)LeaseTermDeprRateDeprAmountLeaseCharge1MonthlyUse TaxFull Maint Program2AdditionalServices3Total MonthlyPayment inc.Tax and AddlServicesBook Value atTermInitialCharges4License,Registration,Certain OtherCharges and TaxTotal InitialCharges Billedupon Delivery2022 Ford Explorer Base 4dr 4x4 - US (0 P) Oxford White / (0 I) Sandstone w/Cloth Captain's Chairs6204490CA8.7500%10,000$17,185.00601.3500%$232.00$75.61$26.92$46.29$380.82$3,265.00$0.00$1,312.50$1,312.506204494CA8.7500%10,000$17,185.00601.3500%$232.00$75.61$26.92$46.29$380.82$3,265.00$0.00$1,312.50$1,312.506204496CA8.7500%10,000$17,185.00601.3500%$232.00$75.61$26.92$46.29$380.82$3,265.00$0.00$1,312.50$1,312.506204498CA8.7500%10,000$17,185.00601.3500%$232.00$75.61$26.92$46.29$380.82$3,265.00$0.00$1,312.50$1,312.50Total Monthly Payment for 4 vehicles:$1,523.28Total Initial Charges for 4 vehicles:$5,250.001Monthly Lease Charge will be adjusted to reflect the interest rate on the delivery date (subject to a floor)2See the following pages for details of Full Maintenance Service3Additional Services may include Commercial Automotive Liability Enrollment or Physical Damage Management4Excludes License, Registration, Certain Charges, and TaxCurrent market and vehicle conditions may also affect value of vehicles.Proposal is subject to Customer's Credit Approval.Enterprise FM Trust will be the owner of the vehicles covered by this Proposal. Enterprise FM Trust (not Enterprise Fleet Management) will be the Lessor of such vehicles under the Master Open-End (Equity) Lease Agreement and shall have all rights and obligations of the Lessorunder the Master Open-End (Equity) Lease Agreement with respect to such vehicles.Lessee hereby authorizes this vehicle order, agrees to lease the vehicles on the terms set forth herein and in the Master Equity Lease Agreement and agrees that Lessor shall have the right to collect damages in the event Lessee fails or refuses to accept delivery of the orderedvehicles. Lessee certifies that it intends that more than 50% of the use of the vehicles is to be in a trade or business of the Lessee.Lessee: City of Menifee%signature1%date1SignatureTitleDatePrinted On 02/01/2022 12:23:48 PMPage 1 of 7DocuSign Envelope ID: 6764AE53-B975-467E-B73A-6D363114B9BBMarch 2, 2022City Manager Open-End (Equity) Lease ProposalDate:02/01/2022Prepared For:City of Menifee (343096)Capitalized Amount CalculationsProposal #:P468581Prepared For:Yun, AllenQuantity:4QuoteCapitalized Prices/Billed on DeliveryCapitalized Priceof Vehicle1CertainOtherChargesInitialLicense &RegistrationFeeCapitalizedPriceReductionCertain OtherCharges onCPRGainAppliedfrom PriorUnitCertain OtherCharges onGOPTax onIncentivesAftermarketEquipmentCourtesy Delivery /DealerPrep FeeDeliveryChargeOtherCostsTotal2022 Ford Explorer Base 4dr 4x4 - US (0 P) Oxford White / (0 I) Sandstone w/Cloth Captain's Chairs6204490Capitalized Price$31,860.00$0.00($15,000.00)$0.00$200.00$125.00$0.00$17,185.00Billed on Delivery$0.00$0.00$1,312.50$0.00$0.00$0.00$0.00$0.00$1,312.506204494Capitalized Price$31,860.00$0.00$0.00($15,000.00)$0.00$200.00$125.00$0.00$17,185.00Billed on Delivery$0.00$0.00$0.00$0.00$1,312.50$0.00$0.00$0.00$0.00$0.00$1,312.506204496Capitalized Price$31,860.00$0.00$0.00($15,000.00)$0.00$200.00$125.00$0.00$17,185.00Billed on Delivery$0.00$0.00$0.00$0.00$1,312.50$0.00$0.00$0.00$0.00$0.00$1,312.506204498Capitalized Price$31,860.00$0.00($15,000.00)$0.00$200.00$125.00$0.00$17,185.00Billed on Delivery$0.00$0.00$1,312.50$0.00$0.00$0.00$0.00$0.00$1,312.50ALL TAX AND LICENSE FEES TO BE BILLED TO LESSEE AS THEY OCCUR.1Capitalized price of vehicles may be adjusted to reflect final manufacturer’s invoice. Lessee hereby assigns to Lessor any manufacturer rebates and/or manufacturer incentives intended for the Lessee, which rebates and/or incentives have been used by Lessor to reduce thecapitalized price of the vehicles.All language and acknowledgments contained in the signed proposal apply to all vehicles listed on the ‘Equity Lease Proposal Summary’ page of this document. In addition, you may incur additional fees required to register and operate these vehicles in accordance with various state,county, and city titling, registration, and tax laws.%intial1InitialsPrinted On 02/01/2022 12:23:48 PMPage 2 of 7DocuSign Envelope ID: 6764AE53-B975-467E-B73A-6D363114B9BB Open-End (Equity) Lease ProposalDate:02/01/2022Prepared For:City of Menifee (343096)Additional Services DetailsProposal #:P468581Prepared For:Yun, AllenQuantity:4Driver InformationCommercial AutomobileLiability EnrollmentPhysical Damage ManagementFull Maintenance Program1QuoteDriverLiability LimitComprehensive DeductibleCollision DeductibleTermTotal ContractMilesOvermileageChargeBrake SetsTires2022 Ford Explorer Base 4dr 4x4 - US (0 P) Oxford White / (0 I) Sandstone w/Cloth Captain's Chairs62044906050,000$0.00000062044946050,000$0.00000062044966050,000$0.00000062044986050,000$0.0000001The inclusion herein of references to maintenance fees/services are solely for the administrative convenience of the Lessee. Notwithstanding the inclusion of such references in this Invoice/Schedule/Quote, all such maintenance services are to be performed by Enterprise FleetManagement, Inc., and all such maintenance fees are payable by Lessee solely for the account of Enterprise Fleet Management, Inc., pursuant to that certain separate Maintenance Agreement entered into by and between Lessee and Enterprise Fleet Management, Inc., provided thatsuch maintenance fees are being billed by Enterprise FM Trust, and are payable at the direction of Enterprise FM Trust, solely as an authorized agent for collection on behalf of Enterprise Fleet Management, Inc.%intial1InitialsPrinted On 02/01/2022 12:23:48 PMPage 3 of 7DocuSign Envelope ID: 6764AE53-B975-467E-B73A-6D363114B9BB VEHICLE INFORMATION: 2022 Ford Explorer Base 4dr 4x4 - US Series ID: K8B SELECTED COLOR: SELECTED OPTIONS: Quantity:4 Pricing Summary: INVOICE MSRP Base Vehicle $ 34,188.00 $ 35,245.00 Total Options $ 512.00 $ 545.00 Destination Charge $ 1,295.00 $ 1,295.00 Total Price $ 35,995.00 $ 37,085.00 Exterior:YZ - (0 P) Oxford White Interior:7N - (0 I) Sandstone w/Cloth Captain's Chairs CODE DESCRIPTION INVOICE MSRP 100A Equipment Group 100A NC NC 119WB 119.1" Wheelbase STD STD 153 Front License Plate Bracket NC NC 425 50 State Emissions System STD STD 44T Transmission: 10-Speed Automatic Included Included 52T Class IV Trailer Tow Package $ 512.00 $ 545.00 7 Cloth Captain's Chairs Included Included 7N_01 (0 I) Sandstone w/Cloth Captain's Chairs NC NC 99H Engine: 2.3L EcoBoost I-4 Included Included CONECT FordPass Connect Included Included PAINT Monotone Paint Application STD STD STDAX 3.58 Non-Limited-Slip Rear Axle Ratio Included Included STDGV GVWR: 6,160 lbs Included Included STDRD Radio: AM/FM Stereo Included Included STDTR Tires: P255/65R18 AS BSW Included Included STDWL Wheels: 18" 5-Spoke Silver-Painted Aluminum Included Included SYNC SYNC 3 Communications & Entertainment System Included Included YZ_02 (0 P) Oxford White NC NC Printed On 02/01/2022 12:23:48 PM Page 4 of 7 DocuSign Envelope ID: 6764AE53-B975-467E-B73A-6D363114B9BB CONFIGURED FEATURES: Body Exterior Features: Number Of Doors 4 Driver And Passenger Mirror: power remote manual folding side-view door mirrors Spoiler: rear lip spoiler Door Handles: black Front And Rear Bumpers: body-coloured front and rear bumpers Front License Plate Bracket: front license plate bracket Body Material: galvanized steel/aluminum body material : class IV trailering with harness, hitch Body Side Cladding: black bodyside cladding Grille: black grille Convenience Features: Air Conditioning automatic dual-zone front air conditioning Air Filter: air filter Rear Air Conditioning: rear air conditioning with separate controls Voice Activated A/C: voice activated air conditioning Cruise Control: cruise control with steering wheel controls Trunk/Hatch/Door Remote Release: power cargo access remote release Power Windows: power windows with driver and passenger 1-touch down 1/4 Vent Rear Windows: power rearmost windows Remote Keyless Entry: keyfob (all doors) remote keyless entry Illuminated Entry: illuminated entry Integrated Key Remote: integrated key/remote Auto Locking: auto-locking doors Trunk FOB Controls: keyfob trunk/hatch/door release Remote Engine Start: remote engine start - smart device only Steering Wheel: steering wheel with manual tilting, manual telescoping Day-Night Rearview Mirror: day-night rearview mirror Driver and Passenger Vanity Mirror: illuminated auxiliary driver and passenger-side visor mirrors Emergency SOS: SYNC 3 911 Assist emergency communication system Front Cupholder: front and rear cupholders Floor Console: full floor console with covered box Overhead Console: mini overhead console with storage Glove Box: locking glove box Driver Door Bin: driver and passenger door bins Rear Door Bins: rear door bins Seatback Storage Pockets: 2 seatback storage pockets Driver Footrest: driver's footrest Retained Accessory Power: retained accessory power Power Accessory Outlet: 5 12V DC power outlets Entertainment Features: radio SiriusXM AM/FM/Satellite with seek-scan Voice Activated Radio: voice activated radio Speed Sensitive Volume: speed-sensitive volume Steering Wheel Radio Controls: steering-wheel mounted audio controls Speakers: 6 speakers Internet Access: FordPass Connect 4G internet access 1st Row LCD: 2 1st row LCD monitor Wireless Connectivity: wireless phone connectivity Antenna: integrated roof antenna Lighting, Visibility and Instrumentation Features: Headlamp Type delay-off aero-composite LED low/high beam headlamps Auto-Dimming Headlights: Ford Co-Pilot360 - Auto High Beam auto high-beam headlights Front Wipers: variable intermittent speed-sensitive wipers wipers Rear Window wiper: fixed interval rear window wiper with heating wiper park Rear Window Defroster: rear window defroster Tinted Windows: deep-tinted windows Dome Light: dome light with fade Printed On 02/01/2022 12:23:48 PM Page 5 of 7 DocuSign Envelope ID: 6764AE53-B975-467E-B73A-6D363114B9BB Front Reading Lights: front and rear reading lights Ignition Switch: ignition switch light Variable IP Lighting: variable instrument panel lighting Display Type: analog appearance Tachometer: tachometer Compass: compass Exterior Temp: outside-temperature display Low Tire Pressure Warning: tire specific low-tire-pressure warning Park Distance Control: Reverse Sensing System rear parking sensors Trip Computer: trip computer Trip Odometer: trip odometer Lane Departure Warning: lane departure Blind Spot Sensor: blind spot Front Pedestrian Braking: pedestrian detection Following Distance Indicator: following distance alert Forward Collision Alert: forward collision Water Temp Gauge: water temp. gauge Oil Level Gauge: oil level gauge Clock: in-radio display clock Systems Monitor: systems monitor Rear Vision Camera: rear vision camera Oil Pressure Warning: oil-pressure warning Water Temp Warning: water-temp. warning Battery Warning: battery warning Lights On Warning: lights-on warning Key in Ignition Warning: key-in-ignition warning Low Fuel Warning: low-fuel warning Low Washer Fluid Warning: low-washer-fluid warning Bulb Failure Warning: bulb-failure warning Door Ajar Warning: door-ajar warning Trunk Ajar Warning: trunk-ajar warning Brake Fluid Warning: brake-fluid warning Transmission Fluid Temperature Warning: transmission-fluid-temperature warning Safety And Security: ABS four-wheel ABS brakes Number of ABS Channels: 4 ABS channels Brake Assistance: brake assist Brake Type: four-wheel disc brakes Vented Disc Brakes: front and rear ventilated disc brakes Daytime Running Lights: daytime running lights Spare Tire Type: compact spare tire Spare Tire Mount: spare tire mounted inside under cargo Driver Front Impact Airbag: driver and passenger front-impact airbags Driver Side Airbag: seat-mounted driver and passenger side-impact airbags Overhead Airbag: Safety Canopy System curtain 1st, 2nd and 3rd row overhead airbag Knee Airbag: knee airbag Occupancy Sensor: front passenger airbag occupancy sensor Height Adjustable Seatbelts: height adjustable front seatbelts Seatbelt Pretensioners: front seatbelt pre-tensioners 3Point Rear Centre Seatbelt: 3 point rear centre seatbelt Side Impact Bars: side-impact bars Tailgate/Rear Door Lock Type: tailgate/rear door lock included with power door locks Rear Child Safety Locks: rear child safety locks Ignition Disable: SecuriLock immobilizer Panic Alarm: panic alarm Electronic Stability: AdvanceTrac w/Roll Stability Control electronic stability stability control with anti-roll Traction Control: Terrain Management System ABS and driveline traction control Front and Rear Headrests: manual adjustable front head restraints Rear Headrest Control: 3 rear head restraints 3rd Row Headrests: 2 manual adjustable third row head restraints Printed On 02/01/2022 12:23:48 PM Page 6 of 7 DocuSign Envelope ID: 6764AE53-B975-467E-B73A-6D363114B9BB Seats And Trim: Seating Capacity max. seating capacity of 7 Front Bucket Seats: front bucket seats Number of Driver Seat Adjustments: 8-way driver and passenger seat adjustments Reclining Driver Seat: power reclining driver and manual reclining passenger seats Driver Height Adjustment: power height-adjustable driver and passenger seats Driver Fore/Aft: power driver and passenger fore/aft adjustment Driver Cushion Tilt: power driver and passenger cushion tilt Front Centre Armrest Storage: front centre armrest Rear Seat Type: rear manual reclining 35-30-35 split-bench seat Rear Seat Fore/Aft: manual rear seat fore/aft adjustment Rear Folding Position: rear seat fold-forward seatback 3rd Row Seat Type: fixed third row 50-50 bench seat 3rd Row Electric Control: fold into floor third row seat Leather Upholstery: cloth front and rear seat upholstery Door Trim Insert: cloth door panel trim Headliner Material: full cloth headliner Floor Covering: full carpet floor covering Dashboard Console Insert, Door Panel Insert Combination: metal-look/piano black instrument panel insert, door panel insert, console insert Floor Mats: carpet front and rear floor mats Interior Accents: chrome/metal-look interior accents Cargo Space Trim: carpet cargo space Trunk Lid: plastic trunk lid/rear cargo door Cargo Tie Downs: cargo tie-downs Cargo Light: cargo light Concealed Cargo Storage: concealed cargo storage Standard Engine: Engine 300-hp, 2.3-liter I-4 (premium) Standard Transmission: Transmission 10-speed automatic w/ OD Printed On 02/01/2022 12:23:48 PM Page 7 of 7 DocuSign Envelope ID: 6764AE53-B975-467E-B73A-6D363114B9BB