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Property ScheduDe No. I Master Tax-Exempt Lease/Purchase Agreement This Property Schedule No 1 is entered into as of the Commencement Date set forth below pursuant to that certain Master Tax-Exempt Lease/Purchase Agreement(the"Master Agreement"), dated as of February 10,2016, between U S Bancorp Government Leasing and Finance, Inc, and City of Pleasanton 1 Interpretation The tern-is and conditions of the Master Agreement are incorporated herein by reference as if fully set forth herein Reference is made to the Master Agreement for all representations,covenants and warranties made by Lessee in the execution of this Property Schedule,unless specifically set forth herein In the event of a conflict between the provisions of the Master Agreement and the provisions of this Property Schedule,the provisions of this Property Schedule shall control All capitalized terms not otherwise defined herein shall have the meanings provided in the Master Agreement 2 Commencement Date The Commencement Date for this Property Schedule is February 10,2016 3 Property Description and Payment Schedule The Property subject to this Property Schedule is described in Exhibit 1 hereto Lessee shall not remove such property from the locations set forth therein without giving prior wntten notice to Lessor The Lease Payment Schedule for this Property Schedule is set forth in Exhibit 1 4 Opinion The Opinion of Lessee's Counsel is attached as Exhibit 2 5 Lessee's Certificate The Lessee's Certificate is attached as Exhibit 3 6 Proceeds Lessor shall disburse the proceeds of this Property Schedule in accordance with the instructions attached hereto as Exhibit 4 7 Acceptance Certificate The form of Acceptance Certificate is attached as Exhibit 5 8 Additional Purchase Option Provisions In addition to the Purchase Option provisions set forth in the Master Agreement, Lease Payments payable under this Property Schedule shall be subject to prepayment in whole at any time by payment of the applicable Termination Amount set forth in Exhibit 1 (Payment Schedule)and payment of all accrued and unpaid interest through the date of prepayment 9 Private Activity Issue Lessee understands that among other things, in order to maintain the exclusion of the interest component of Lease Payments from gross income for federal income tax purposes, it must limit and restrict the rights private businesses (including, for this purpose, the federal government and its agencies and organizations described in the Code § 501(c)(3)) have to use the Property Each of these requirements will be applied beginning on the later of the Commencement Date or date each portion of the Property is placed in service and will continue to apply until earlier of the end of the economic useful life of the property or the date the Agreement or any tax-exempt obligation issued to refund the Property Schedule is retired(the"Measurement Period") Lessee will comply with the requirements of Section 141 of the Code and the regulations thereunder which provide restrictions on special legal rights that users other than Lessee or a state or local government or an agency or instrumentality of a state or a local government(an"Eligible User")may have to use the Property For this purpose, special legal rights may arise from a management or service agreement, lease, research agreement or other arrangement providing any entity except an Eligible User the right to use the Property Any use of the Property by a user other than an Eligible User is referred to herein as"Non-Qualified Use" Throughout the Measurement Period, all of the Property is expected to be owned by Lessee Throughout the Measurement Period, Lessee will not permit the Non-Qualified Use of the Property to exceed 10% 10 Bank Qualification and Arbitrage Rebate Attached as Exhibit 6 11 Expiration Lessor, at its sole determination, may choose not to accept this Property Schedule if the fully executed, original Master Agreement (including this Property Schedule and all ancillary documents)is not received by Lessor at its place of business by February 10,2016 IN WITNESS WHEREOF Lessor and Lessee have caused this Property Schedule to be executed in their names by their duly authorized representatives as of the Commencement Date above Lessor U S Bancorp Government Leasing and Lessee City of Pleasanton Finance, Inc By By Name Name Title Title Attest By Name Title