MASTER EQUIPMENT LEASEâPURCHASE AGREEMENT

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INSURANCE COVERAGE DISCLOSUREPNCEF, LLC, dba PNC Equipment Finance, LESSORMount Diablo Unified School District, LESSEERE:INSURANCE COVERAGE REQUIREMENTS1. In accordance with the Lease Schedule dated November 24, 2010, to the Master Equipment Lease-PurchaseAgreement dated November 24, 2010 and identified in the Lease Schedule, Lessee certifies that it has instructedthe insurance agent named below (please fill in name, address and telephone number):to issue:________________________________________________________________________________________________________________________a. All Risk Physical Damage Insurance on the leased Equipment evidenced by a Certificate of Insurance and Long FormLoss Payable Clause naming PNCEF, LLC, dba PNC Equipment Finance and/or its assigns as Lender Loss Payee.Coverage Required: Termination Value Specifiedb. Public Liability Insurance evidenced by a Certificate of Insurance naming PNCEF, LLC, dba PNC Equipment Financeand/or its assigns as an Additional Insured.Minimum Coverage Required:$1,000,000.00 per person$2,000,000.00 aggregate bodily injury liability$1,000,000.00 property damage liabilityProof of insurance coverage will be provided to PNCEF, LLC, dba PNC Equipment Finance, 995 Dalton Avenue,Cincinnati, OH 45203, prior to the time that the property is delivered to Lessee.OR2. Pursuant to the Master Lease, Lessee represents and warrants, in addition to other matters under theLease, that it is lawfully self-insured as more fully described in the attached letter.Lessee: Mount Diablo Unified School DistrictBy:Name: Dr. Steven LawrenceTitle: Superintendent
INSURANCE INFORMATIONPlease provide the following information to your insurance company to help expedite receipt ofthe necessary coverage:ITEMS WHICH NEED TO BE REFLECTED ON INSURANCE CERTIFICATE:• PNCEF, LLC, DBA PNC <strong>EQUIPMENT</strong> FINANCE MUST BE NAMED LENDER LOSS PAYEE ANDADDITIONAL INSURED• 30 Days Notice of Cancellation• Not Less than $2,000,000.00 limits on liability• Certificate must reflect a short equipment description• Certificate must reflect an expiration dateCertificate Holder Information:PNCEF, LLC, dba PNC Equipment Finance,its successors and/or all assigns995 Dalton AvenueCincinnati, OH 45203Please send a FAX copy of certificate to Sandra Thomas at (800)678 -0602.The original should be mailed to the same at:PNCEF, LLC, dba PNC Equipment Finance995 Dalton AvenueCincinnati, OH 45203Please call 614-463-6578, if you have any questions.
Page 1 and 2: Master Equipment Lease-Purchase Agr
Page 3 and 4: therefor (“Legally Available Fund
Page 5: Section 21 hereof; and (c) the affe
Page 9 and 10: 17. TAX COVENANTS.Lessee hereby cov
Page 11 and 12: any disposition proceeds in excess
Page 13 and 14: MOUNT DIABLO UNIFIED SCHOOL DISTRIC
Page 15 and 16: MOUNT DIABLO UNIFIED SCHOOL DISTRIC
Page 20 and 21: SELF-INSURANCE LETTER[TO BE TYPED O
Page 22 and 23: 2. On such day as is determined to
Page 24 and 25: (a) the rights of the adverse claim
Page 28 and 29: EXHIBIT 2ESCROW AGENT FEES AND EXPE
Page 30 and 31: 6. No Event of Default or Non-Appro

MASTER EQUIPMENT LEASEâPURCHASE AGREEMENT

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MASTER EQUIPMENT LEASEâPURCHASE AGREEMENT