CONTRACT 5769C AmendmentAgreement No. 5769C
FLEET MANAGEMENT
Y -If WETTREWMATE=
(Liability Only)
This Addendum is made to the Master Equity Lease Agreement dated the I day of September, 2019, as amended (the
*Agreement'), by and between Enterprise FM Trust, a Delaware statutory trust ("Lessor') and the lessee whose name is set forth on the signature
I ine below ('Lessee'),
This Addendum is attached to and made a pan of the Agreement (including each Schedule to the Agreement) All
capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to them in the Agreement
Notwithstanding the provisions of Section I I of the Agreement, Lessee shall be permitted to assume and self -insure the
risks covered by the Commercial Automobile Liability insurance policy up to $750,000 per occurrence! Set forth in Section I I of the Agreement
and shall not be required to purchase or maintain any Commercial Automobile Liability insurance policy of any kind with inspect to any Vehicle
up to $750,000 per occurrence, provided, however, that if any Federal, state local or other law, statute, rule, regulation or ordinance requires
Lzssee to maintain any amount of Commercial Automobile Liability insurance with respect to any Vehicle, Lessee shall purchase and maintain
such amount of Commercial Automobile Liability insurance in the form of Commercial Automobile Liability insurance policy which complies
in all respect-,, other than the amount of Commercial Atimmobile Liab&ty insurance required, with Section I I of the Agreement.
NoEvvithstand trig the foregoing, if (1) Lessor, at any Me in its good faith judgment, is not g3usfied with the condition
prospects or performances, financial or otherwise, of Lessee or (2) any default or event oftletbult occurs under the Agreement, than Lessor may,
at its option, revoke this Addendum and terminate Lcssee°s right to self -insure by providing Lessee with at least 1hirTy (30) days prior written
notice thereof Upon the termination of Lessee's right to self -insure, Lessee shall comply in all respects with Section I I of the AgreefreriL
Except as amended hereby, all the terms and provisions of the Agreement shall remain in full Force and effect In the event
of arty conflict between this Addendum and the Agreement or any of the Schedules, the trims and provisions of this Addendum will govem and
control
LESSEE Ci f Segundo LESSOR Enterprise FN( Trust
By terprijsc Meet Management, Inc , its attorney in fact
BY By f4fle
Title Title )Pi 4A
Date Sigised, Date Signed
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Ci� of El Segundo
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Agreement No. 5769C
FLEET MANAGEMENT
SELF-INSURANCE ADDENDUM TO MASTER EQUITY LEASE AGREEMENT
(Physical Damage Only)
This Addendum is made to the Master Equity Lease Agreement dated st day of AU USt
, as amended (the "Agreement"),
by and between Enterprise FM Trust, a Delaware statutory trust ("Lessor"), and the lessee whose name Is set forth on the signature line below ("Lessee").
This Addendum is attached to and made a part of the Agreement (including each Schedule to the Agreement). All capitalized terms used and not
otherwise defined herein shag have the respective meanings ascribed to them in the Agreement.
Notwithstanding the provisions of Section 11 of the Agreement, Lessee shall be permitted to assume and self -insure the risks covered by the
Physical Damage insurance policy set forth In Section 11 of the Agreement and shall not be required to purchase or maintain any Physical Damage insurance policy
of any kind with respect to any Vehicle; provided, however, that if any Federal, state, local or other law, statute, rule, regulation or ordinance requires Lessee to maintain
any amount of Physical Damage insurance with respect to any Vehicle, Lessee shall purchase and maintain such amount of Physical Damage insurance in the forth of
a Physical Damage insurance policy which complies in all respects, other than the amount of Physical Damage Insurance required, with Section 11 of the Agreement.
Notwithstanding the foregoing, if (1) Lessor, at any time in its good faith Judgment, is not satisfied with the condition, prospects or performances,
financial or otherwise, of Lessee or (2) any default or event of default occurs under the Agreement, than Lessor may, at its option, revoke this Addendum and terminate
Lessee's right to self -insure by providing Lessee with at least thirty (30) days prior written notice thereof. Upon the termination of Lessee's right to self -Insure, Lessee
shall comply in all respects with Section 11 of the Agreement
Except as amended hereby, all the terms and provisions of the Agreement shag remain in full force and effect. In The event of any conflict between
this Addendum and the Agreement or any of the Schedules, the terms and provisions of this Addendum will govern and control.
LESSEE: City of EI Segundo LESSOR
BY
By: gcott Mitnick
Tine: City Manager By:
THIc
Date Signed. N `'
Date Signed
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Enterprise FM Trust
Enlerpris t t., Inc. its attorney in fact
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