MASTER EQUIPMENT LEASEâPURCHASE AGREEMENT

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(a) the rights of the adverse claimants have been finally adjudicated in a courtassuming and having jurisdiction of the parties and the moneys involved herein oraffected hereby; or(b) all differences shall have been adjusted by agreement and Escrow Agentshall have been notified thereof in writing signed by all of the persons interested.12. All notices (excluding billings and communications in the ordinary course ofbusiness) hereunder shall be in writing, and shall be sufficiently given and served upon the otherparty if delivered (a) personally, (b) by United States registered or certified mail, return receiptrequested, postage prepaid, (c) by an overnight delivery by a service such as Federal Express orExpress Mail from which written confirmation of overnight delivery is available, or (d) byfacsimile with a confirmation copy by regular United States mail, postage prepaid, addressed tothe other party at its respective address stated below the signature of such party or at such otheraddress as such party shall from time to time designate in writing to the other party, and shall beeffective from the date of mailing.13. This Escrow Agreement shall inure to the benefit of and shall be binding upon theparties hereto and their respective successors and assigns. No rights or obligations of EscrowAgent under this Escrow Agreement may be assigned without the prior written consent ofLessor.14. This Escrow Agreement shall be governed by and construed in accordance with thelaws in the state of the Escrow Agent’s location. This Escrow Agreement constitutes the entireagreement between the parties hereto with respect to the subject matter hereof, and no waiver,consent, modification or change of terms hereof shall bind any party unless in writing signed byall parties.IN WITNESS WHEREOF, the parties hereto have caused this Escrow Agreement to be dulyexecuted as of the day and year first above set forth.PNCEF, LLC, dba PNC Equipment Finance, as LessorBy ____________________________________Name: ______________________________Title: _______________________________Address:995 Dalton AvenueCincinnati, OH 45203- 4 -
Mount Diablo Unified School District, as LesseeBy ___________________________________Name: Dr. Steven Lawrence_Title: Superintendent_Address:1936 Carlotta DriveConcord, CA 94519U.S. BANK NATIONAL ASSOCIATION, as EscrowAgentBy ___________________________________Name: ______________________________Title: _______________________________Address:10 W. Broad St., 12 th FloorCN OH BD12Columbus, OH 43215- 5 -
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 18 and 19: INSURANCE COVERAGE DISCLOSUREPNCEF,
Page 20 and 21: SELF-INSURANCE LETTER[TO BE TYPED O
Page 22 and 23: 2. On such day as is determined to
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