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Public Funds Contract for Deposit of Moneys THIS CONTRACT, relating to the deposit of money, made as of between (hereafter designated "Treasurer") acting in his/her official capacity as Treasurer of the (Hereafter designated"Depositor") and Bay Commercial Bank(Hereafter designated"Depository"),having a paid-up capital and surplus of$ Million. WHEREAS, the Treasurer proposes to deposit in the depository from time to time, commencing on , moneys in his/her custody in an aggregate amount on deposit at any one time not to exceed Two Hundred Fifty Thousand Dollars($250,000)or the total of the paid-up capital and surplus of depository, whichever is the greater amount, and said moneys will be deposited subject to Title 5, Division 2, Part 1, Chapter 4, Article 2 (commencing with Section 53630)of the Government Code of the State of California;and: WHEREAS,said provisions of the government code require the Treasurer to enter into a contract with the Depository setting forth the conditions upon which said moneys are deposited;and: WHEREAS,in the judgment of the Treasurer,this contract is to the public advantage; NOW,THEREFORE,it is agreed between the parties hereto as follows: 1. This contract cancels and supersedes any previous contracts between the Treasurer and the Depository relating to the method of handling and collateralization of deposits of moneys. 2. This contract,but not deposits then held hereunder, shall be subject to termination by the Treasurer or Depository at any time upon 30 days written notice. Deposits may be withdrawn in accordance with the agreement of the parties and applicable Federal and State statutes, rules and regulations. This contract is subject to modification or termination upon enactment of any statute, rule, or regulation, state or federal, which in the opinion of the Administrator of local agency security, is inconsistent herewith, including any change relative to the payment of interest upon moneys so deposited by the Treasurer. 3. Interest shall accrue on any moneys so deposited as permitted by any act of the Congress of the United States or by any rule or regulation of any department or agency of the Federal Government adopted pursuant thereto. If interest may legally be paid,all moneys deposited in accordance with contract shall bear interest at a rate agreed upon by the Treasurer and the Depository, but not less than one-half or 1%per annum on the average daily balance of such moneys kept on deposit with the Depository. Page 1