HomeMy WebLinkAboutCity Treasurer - Renew Lease - Bloomberg SvcsREQUEST:
DATE:
CONTENTS:
Recommendation:
CITY OF PALM DESERT
FINANCE DEPARTMENT
STAFF REPORT
AUTHORIZATION TO RENEW A LEASE WITH BLOOMBERG
SERVICES FOR AN ELECTRONIC SECURITIES TRADING TERMINAL
AUGUST 24, 2006
LEASE
By Minute Motion, that the City Council authorize the City Treasurer to renew a
lease with Bloomberg Services for an electronic securities trading terminal.
Background:
The City of Palm Desert ("City") Finance Department has leased an electronic securities trading
terminal from Bloomberg Services for the past six years. The City Treasurer's Office uses this
terminal to execute trade transactions, and to conduct securities research for the purposes of
evaluating risk and pricing municipal bonds. Public agencies with investment portfolios in
excess of $100 million typically use Bloomberg Services. The City's aggregate investment
portfolio is currently $305 million (par value).
The City and the Palm Desert Redevelopment Agency ("RDA") have jointly split the annual cost
of Bloomberg Services since they both benefit from it. With the annual cost approaching the
$25,000 threshold, City Council approval would be appropriate for contract renewal.
The Bloomberg trading terminal affords the City and the RDA the following advantages:
Pricing Municipal Bonds. The City uses Bloomberg to do research for the RDA on
how other California municipalities are pricing their bond offerings, so that the RDA can
competitively price its bond offerings.
Pricing Commercial Paper. Pursuant to GASB 31, the City is required to estimate the
month -end market value of each security that it holds. The City does this by
downloading end -of -month market prices from Interactive Data Services ("IDS"). IDA,
however, does not provide market prices for commercial paper. Staff uses Bloomberg to
impute a market price for the commercial paper that the City and the RDA hold.
Authorized Corporate Issuer Lists. The City uses Bloomberg to access the latest
news and credit ratings on corporations that it wishes to qualify for or remove from the
Cit)%�authorized buy list.
Staff Report
Authorization for Bloomberg Services
August 24, 2006
Page 2 of 2
Trade Tickets. The City uses Bloomberg to buy and sell securities electronically. This
is the most efficient method of trade execution, and minimizes errors.
On -Line Access to Broker Inventories. The City uses Bloomberg to access the
securities inventories of its brokers in order to see what is available, as opposed to
seeing only what the brokers choose to show.
In summary, without Bloomberg, the City and the RDA would have difficulty gathering large
amounts of market information on securities pricing. The City would also assume more risk in
its securities purchases since credit information would not be as readily available.
Submitted By:
Paul S. Gibson, Director of Finance/City Treasurer
Approval:
Carlos L*Ortega, C' anager
PSG:nmo
Attachments (1)
,ITY COUNCIL ACTION:
APPROVED V/' DENIED
RECEIVED OTHER
MEETING DATE
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SOES
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VERIFIED BY:(aK ���
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Original n File wit ity Clerk's Office
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Bloomber
FINANCIAL MARKETS
9
COMMODITIES
NEWS
FACSIMILE TRANSMISSION
10/22/99 05:12:05
To: THOMAS JEFFREY
917603416372
From: MARIA LOPEZ
CONTRACTS DEPARTMENT
EMAIL ADDRESS: MLOPEZ@BLOOMBERG.NET
TELEPHONE NO. (212) 318-2563 FAX NO. (212) 893-5540
Comments:
Total pages with cover page: 7
B ' OOMBERG L.P. 499 PARK AVENUE, NEW YORK, NEW YORK 10022
TEL 212-318 2000 800-448-5678 FAX 212-893-5000
FA:KSR: BLOGP)BERG L.P. At 10, 22 - 9 p 5: 12 : i i4 EDT Paqe 1
uLOQYBERG AGREEMENT
LEMM' BL0(*I3EflG LP. 4%%1'erlo AYerKtC, Hamm Yo1K, hV 1002Z, Teiepltdrte i2t2) ]tR-Y5g0, FaplYaia (272) {ti3 3.1ip
LESSff: CITY OF PALM DFSERT Acowtit: 132440 AGAEkwwT: 571910 order: 571910
(comps all Nwwl
Lessor agrees to provide to I as5try LW ryuiprrw'nt end services des.: nbad and referred to in paraWaph t of this Agreement. and Lessee subscribes to such services
in aecordenca with this Agreenwrit
i- Lixnst and Lfaae. The senwes provided hereunder (the "Strvic') " aonSitit 4 a riotimlubive avid iionla:unsftxabk: fic use alrid tease to use ow
13LOOMBERG PROMSSIONAL Service salfware, data and eqLaipment (the •Equorienth described M rw Moonterg Sehedule(s) of Services arnsocad herds, as
the same may be amended f rom firm to tutor (the'Schedule'l, in accordance with this AWeernerkt
2- Term. (a) This Agreement sttal be effectIva tram the date it is a ccfiF4atud by Lessor and shall remain in tuft force and affect thereafter until the datir that is two
years after the elate thdl the Services are first provided (the "Term"), unkI is is d or termiowed I* Term or arty renewal thdW, as follows: (1) Lr woe Stla1
have Me AM 10 taYA*VPIC 061 Agrtzrrient at any time upon nil less than 60 days' prior wniteri notice to LtSstlt and upon payment of tho charges sat forth in
paragraph 3 at this Agreement; and fur l.i;� shall haiev the rigrat to terrmwle this Agreement at any time immediately upon written notice to LC55m in the ajery at a
breach by Lassao of arty of this orovisions of this Agnrrnent.
(b) The Term Shall be autom atio* ren wed for suasive bmu-year periods unk6s 1-essft or Lesbr elms nor to renow by gi nj got less thiuo 60 days' prior
vXllen notice to the 00W Y this ApreCmenl n So rertewad for any additiorial period beyund Iris itxkd TOM. the drisqus puydile pursut A to parWaph 3(e) hereof Jar
such rertevval period shag be Cd C-vk" at lb" pl(0-41 pl ratm than offered by Lessor, attl ttte Schedule shall be considered to be amended accordVy.
3. Charges. (a) Les-..ee agrees to pay Lo355or Ma an MM ini*rA ad an to Schedule; together with () any appkable taxes for the Services. () dry Dies or fees
imposed or charged by tvwharigea or other worma6m sbnvicio- or 9orat drsp>Iaybd through the Senior at Lessee's req,evt and (ei) any charge for instalfan or,.
fdoe"on, removal or any oaxx chxKps to ft Eaauiprierd, all of Muth shall be payatNe UPW prerentaUon of an Ittvnaae thwoor.
(b) lessee sMi De respaxtsinla tax and shad pay for all cast: d cabfstg. (vtclydlrtg, wtlhotat lirrrltatlnn, rielwatr ass), electrical anti charms
carver equ p mertt instaaat;on Cheiges incutrW in connection with tyre Services. te&see shall obtain all necessary amtiorizetioris from a xcir ves and other
information wandors and shall pay for each third -party anittnaA of Lovice accoa;Sed lot display through the j orys= The total monthly urge docS not imlacle monthly
lees for -real-tune" exchange and third party information servicm. It Lrr see se" any of tie senkes. Lessor Will 603mit tha appropriate applications for such
saavo3s, a pnce list, and bill eaacordin*- Lessee apneas [P pan aaty taxes. assessmant:. fees of pat tallies in respect of the Services ardor 1f16 Equipment w xh may
bo Lessee's legal tesponsi�' y to pay. In a*Wai, 1-06600aW= to raimburse Lessor for WiprqmMUP=wWcr=ezwwMm4lh regard to the value of Lessor's
Equipment in service at Lessee's premises.
(c) In the oerrm this Agreement is taxminaled by Lessee pur urxtt to grarslgrimh 2(a)(1) tt zKa or by Lessor pursuant to paragraph 2(a)(ii) hereof, Lessee shall be gable
for all amamts pWabb p irsuant to paragr*tz 3(a) and 3(b) neregl ffxough 0-o dais d torrninalaon plus a tairwKQtiort charge in an amount equal to fiO% of the
Charges catletatatea in accordance with ft Schedule lot the balance of the Term.
(d) The PwAces may also iwAudo lute recopt of etoombarg Qislribtded television prograni(s)- In such &vant, I am wig install, at its axpervsan rid satellite dish wW
receiver or attar ull rwaliiwc distribution device, al Lew&3 optiau, such as cable tuluvisioo or oxlvl;ar ratoc van (ft 1koadbtiix! Diunbution Device) at Lessee's office
necessary to receive the proWwn(s). Lessee shall boar the cast d cabling from "Equpmetrd to the Noarlb" RiStribu*n Dmoeco and it necessary other rda4ad
equiprnent and shall be respolsil* for obtaining the rtra 4safy attrtior¢akw, subscriptions. space, root rights and rights -of -way for proper instalWion of the
Browband Distribution Device. ca tiing artd related IvVa riat'e- This program (s)shall be daplayed by Prxsset: an oath BLOOMBERG PROFESSIONAL. screen. -
4- DlWibution of Lessee Date. LCSFAM Shall not di5tM We data to Odrcx arsW. of the SvrviCes by 9k-a- Of the toquip"Wit without ft prior writim consent of
Lessor. Nolw*1S$ KkG the -hose, in the evert lessee contributtS prig w frac service. lest hey grants to Lear, soma Ld*.Sm haft ate, a
riote"sive. world-wide license to use sauoh prices in the devek4i t ent d Lessor's gerxxic prices or "fad value' tat uduar sirrtitar wk;iatcq iixddy. Th.s par q�tr is ntit
ultts'tdad to prohibit Lessee's used ate messiw system includW in tftc Services.
5. Warand s and Umitatlons of LlabifiNx. (a) LESSOR MAKES NO WARFMWY, EXPRESS OR IMPLIED. AS TO RE$ULT$ TQ_BE ATTAINED BY
LESSEE OR OTHERS FROM THE USE OF THE SERVICES, OR THE EQUIPMENT BY WHItrH THE SERVICES ARE PROVIDED, ANU THERE ARE NO
EXPRESS OR IMPLIED WARRANTIES OF MF-RCMANTABIUTY OR FfTNESS FOR A PARTICULAR PURPOSE OR USE. Lessor, its suppliers, and its tlt o
party agents aW twc no responsomW ar habditycmangorit or otherwise. tar any iniury or dviages, wfieftter caused by the rledwrice of Lessor, its empkyem.
Suixorrtrxws, agmtS. w,#apffwt vw dors ar otherwise, arising in cavaction with the Swacets reddened under this Agreement. or the use of Jlta Equonent and
sh91 r4l t e la Ag Ion a V Jim profits, lasses, punitive, itcdental or orinsoquantial damages or any claim against Lessee by any otter puny. The itlounetion and dale
confaiAW in Ina SwAWAS are nonvad from sourcas doented ralabW Cut Lass" And its suppliam do not guarantee the correctness or completeness of any programs,
data or other ittotmabo t tumisned in rortrtei:bm Willa em SendCzs. UtBato7r Shell not be responsibie for or rom dry ban" for any injuries or damages caused by the
Equipment or by delays or interruptions of ft Shafts~, from %Mal &W cause, and shall not be liable for dartk'go6 arising from tho use or pet ence of the Egwpment
an Lessee's premises. Lessee 6 6oi" «lsponsibfe for rite accuracy arts adequacy Of the Gala and witornl4ion vsed W a and Pw rester ouput 0"oot. Lessor
Shill havo ra) k"ty or responsibility for tno security or mnairtla;,name of any data u put by Lessee. Lessee shall indemnify lessor and hold it hairnllers and at I 's
aVerwe defend Lessor agwist any Ims. claim, dumaW or ex:penwe (we4x3ng rrzonable attorneys' fees) wising in connection with the use of the Services by
Lrssetr, To the eadanl permitted by law, 0 is agreed that lfte lability of Lessor herounder for damages, regardless of the form of tho action, shalt not exceed the fees
payable by I-tgsde for the Senkas for a period of sett months. acid that this, shell be Lessee's exchtsive rentcidy- No party share be fiWo to the other for any del"
resulting front force rnajure, which shall be deemed to indtrdo arty ciuxnlmaftcec beytxxt the reasonable control of the p wty or Wig affected. No 3cuot, regardtees
out form, amirig out of or perUniV to aq of the Services or the kquipmerif rtkiy be brought by Lessee more than one (1) yCar after the case d action has accrued
rued.
(b) Notw rfhstandatg any limitations contained in paratgraph 5(s) to the contrary. I == agreft to indemnity La FIStW aMd twit! d tWi%v A and at Lessor's axpense
defend Lessor ar*st ruiy claim that the programs, data, inf s'rnallewt ;awl othee lefts provided by Lessor heYamder intringe any cbpyrigld. trademark ar ether
comractaual, statutory of cannon laaav rots: pra>tnided that () Lassoe prom Sy noldios I msar in wrritirg oY the clam, (ii) Lessor shall have salt conool otf the seMement
aired defense of any action to which this Ir4emigy (dates. (lie) Lessee CooWales in every teasonaiblewaay to facWft Su4fi defense. and (rv) if Lessee bee: nms aim4re
at any suspected infringement by a Irlifd party of any proprietary rights of Lamm. Lessee shall promptly notify ( assor of such aetimliss.
(Additional tore on nest page with requotod a i*nowledgment)
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PAUL S. GIBSON, DIRECTOR Of FINANCE
i4;uw*all rme try ryPa or Imm
rulb: 21 OCTOBER 1999
i) 190 Blbom110r9 LP. BLOOMPERG, F3► OMBERG PROFESSIONAL, QLOOMSFAG NEWS, BLOOMBERG FINANCIAL MARKETS, BLOOMBERG
nar1E of Bloambery L.P-. a Oaawrra Rafted par xship.
1Q DT: 101 Pg. l of 2 Aglraeusl/0
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FA "-- : BLOOI.9BEPG L.P. At 10.-22'%99 05:12:04 EDT Page 2
6. Renrwdles. In fhte "A of a breach Or Mr*W r , merit or any of the prov&kiorn this A9rpemiatl by Less*. , ar►y at its employees, rppr0 V*0ves Or
aflrli ", Lessor shell be esntStled to LnjunC W repel to Wdo= the provisions road. 7=iection
ng tsrrdn shall preckide Lessor horn pursuing any action or other
remedy for any Dreaeh or threetKtoef bmaeh of this Ag►eernettl. all d witch shell be In the SUM Lessor prevail! in any such action. Loewe shy! be
anfitled to reamw from Lessee erg reaso>ttobfe costs. apenses and aWrn W lees incur therewith. As repsorwWo protection d the prepasu ry ruts
d L osm and others in the irifonnetion pravhted ft &O the SWANS and Equipma►t to avoid breach of Lessor's obfigq ws to prwdem of such infomnspcTr>, and to
mold unnooCssery uncertainty: burden, wW o pease for all porties, Lessee aolunatwledges aryl agr0es that ftta dasemiri lion or distribu6an by Lessee d irdornugon
WmAcei or sirijW to that provfdadlhresgh the Services and lie Equipment and from which dwsemingWi or distribution Less a derives commsicW revenue shall bl
deemed a breach of the ternts of paraarrphs 9(a) Vmjgh 9(d) harW and shall give nso b an Immediate right of Lessor to terminals this Agreement or any porpon of
the Swkoa provided herotmder.
7. ftr ie's. Lessee recognizes trial Lessor. its partners, suppliers and their respective alfitaes, each have rights with respect to fhb Services, including 1hC
sdtvras, dam, information and other items provided by Lessor Pry reason of Lessee's use of 1ha Sumces. Lessee wAvmledgm and sprees VW fbe provisions d
Parawmf15 5 a W 0 ol fhis Agrowrw often the for the b&Wn of I sum its pa umv.. suppliers, and their respective afiFAM, suom $ws and assigns and that the
W n'Lass+d as used in such paagtaphs inclucho Leaser. its pa thin, suppliers and their respectim affiliatas.
& Accost Lessee apfees to provid& AOMOrfo access per Lessor's current specutatimu. at Its expense. Such spur ftaWns Maly irlo LM both dedicated ono Wilt
bm*-up llllrvt permanently COrlfteaed and dedicated to fhb Equrpmera of Ink net or alternate network access. The We papose of the dA Nees shall be to provide
be** W the Sarvicas, lessor LS not res sbte for the ro bift Or contmuud avaAabilty of ttie telephone limes and owim unkxiticrs equipment.
CUM than =nmuncidws egOfprnefl m4*0d by Lessor and used by Lessee let wzim imp Uo Services. Howerior. Lessor shop atlma to raw" arty
corNnuniefig 1 tiro problems vAM respect to to acims5btgry Of fife SOrWAS.
9, As s&kdom on the (a) The Sar*Aa and the Equlprmetn are safety and excf WA* tar the use of Lessee and may trot be used for any lieges purpose or in sty
rnarottx krAnsistttrnt with the provisions of this Ag(samorN. Latdrnsfwledge4 that lie Services &V the Equip mrit wLga developoa cornpiM prepared. revised,
ealacoed and arranged by Lessor are WXM (W4114rtp certain Srtbrrruttlon sauces) through ttte Wplicsbw of metfwds a w standards of judgmant amemped and
wood through fltr+ axperidave d subsrandd t(K effort grid mnrtey and aorstitute velu2hb iradeetual property and trade secrets of Lessor and such others.
Lessee agrocs to pnxect the proprietary rlgmt of lessor and all Olhefs Wrtg ruts In the Services atld fix Equipmwe (luring rand attar mo Tettn d rhos Agmwnottt.
Lessee shelf honor and carnply with all +wnnea "tests maese by I as or gs suppliers to prow their and Others' eonVootud, statutory and oOrmrttor► lttvv rigs in the
SwAom and pie Equipmertt woli the same degree Of care used W p(MM ifs Own pr+Oprkilary ri". Lasses aWeN 10 ffift Ltssar in wdit praryttiy upon
baQw4ne dare of any wltivih+aised &:CM or umby any pony or of any dalm that the Services or the Equipment infringe Leon any copyright, Uadomwot, or other
CMIni otual, st*AWy Or carman IRV ights-
(b) Looms shah not wou fha ServiOeR Mmugh any mDdium or squipoWw 4 ich Lessor has fO authored in writing, nor may AN madkn or egtap un by
which tho Services are provided be moved, modilm4 interfaced. copied, broadcasbed, reproduced, ported or otherwise routed wilt or to any dhor 4apmera w wxa
Lamors prior written consent. Services aWawly pra&lsd by Lms r for opontian On Lessee's QWA equipment shall be furnished Withtwt warranty as to
conVdl:tttly. f-aness or , ,,j with such egtipmot, and Losses thM•ffeer all cost and responsibilky for Such equipmen!- Unauthorized occess or uste is
witawful and Lessor and its suppliers shall tam all righfo provAQ by low to Prevent such access or use and 10 Cabun dervages in such svierm Lessee jorii" to
noDty I as in voft prtirplfy upW 4 >tsWe d any unauthar¢ed access or use. Lessee sr 0 not recompifo, duow%pile, disassaylow nwerse wgww, v, Or
ethane or distribute any Ghor form at, Cr any deriwtfuewOtk from, the Servica s anNOr Ihw Equipn oil%
(a) The arWysis and presentation incJuded in ft Services v pAy rid be recircuWad, redisttbuted or puft8stred by Labtwe except for WIN!' k1l purposes vtwitfiout Ih0
prior "*on consoN of Litsaar and. where nar ossrtry, with certain somm of fha NVOMtsean inch,N Rue SwwAL
(d) I r s5ee stall trot we any of Lo Lwes VaNimaiks, trade; narM, or service tnarlq in any runner which agates the InVmssion Mat Such names and mates
belong to or are ideng" with Lessee, and Lessee act wModges that it rm no ownership rights in and to any 0 these names and mstim.
t0. Faoilitisst. COmmencerryal at Me Services is contingent ail are availability d the hadmwe, rawork access, cotmnunicalions equipment and Iacijigm 10 LEs=s
spaWmabons. At l essact egerrsa, L.essae shall inBtall or twee installed an 1066 VS promises. anti shelf modify horn time to time at Lessors request, all ertplt s,
vrues, devices, owAsolions or odwr fr+i 4m1*%w rnefla e*mpavmt and cdeci icd. eoftTAIIftVans and network mraclioffs speGtieri by Lessor. I es see shall not
make use d arty cables, wire:. devices, WnrMlions. egt0=11 or r aw access h eonnoetbn with Me SerA= not apptnvm In wtiurtg by Lasser.
11. Rewrn of Equlprnent aad Software. Upon larminauon Of ills Agreement for any reason whats=W. Lessor shah have the right to remove the Equipntem and
sdfiwars by which the Services are provided at Lessees aspernO.
12 ACOM to Propw'ly. Any person or ptxsoos ditign" by Lessor Shgll Me afxFsa to rite 154ti ptrtent al al rewmaple times for the purposes or dls>< eon.
Inspection, rr>.'iintonatc4 repair, rakcal On herd removal. Lessee „ : . ,. , and understands ittat Lasso mW monitor, sdoly for 4Wati mSj reasons, LuxseeY
general uea d the Services. sM at all reasorwpls times panrsit Lessor to hour access to the locaaw wlwe the Saviom are provided for the purpose d
asCerta ri rg fho use made of Sofvicei.
13• rtlsbusnen0e. I error to boat d Sit abi V shall maintain and keep the Equipment in obod warkirp order and condtrion so Mu u wit perform its tunctlans
saWfacloriy. NOTWITHSTA DING THE FOREGOING, LESSOR SHALL HAVE NO RESPONSIILITY OR I.IARILITY FOR THE THIRD -PARTY
COt&WNICATIOW NETW TSiROL1GH WHICH I FSSFE ACCESSES THE SERVICES AND LESSEE SHALL. INDEMNIFY LESSOR AND HOLD IT
HARULriSS AGAINST ANY LASS, CLAIK DEWNO ON "MNSE (INCLUDING.REASONMLE ATTORNEYS' FEES) ARISING IN CONNECTION WITH
THE USE OF SUCH THIRD i�AMY COtAMUNtCAT]ONS NETWORK Lessee Shall be respartsiDlA for the rafekeetping of bra Equipmient from the Brno it is
=dived an tessoe's promisor. grid steak b" rcasona l* stops to proverd abase to the E Lessee shah be quiprriont rOsporsibls for dl phy:.icar loss. theft, a drtrrtepe
to arty egL*Yerg used to the Services to Lessee end vhal pay I.asSor pre full replacement cast of the Equipruoru w Ilquia6fAd da nages wless sudi loss.
then ex der>sge Is duo erxirdy the fault or negap¢ = d Lessor. NOW Lessor nor its suppliers or Lf+ird parry agM strap be responsible or Liapte, contingently or
otherwiw for any permo injury or piepwry dwuW Ansirg out of the installation. isloc on. malntamarice, use or rerrtovai of quo Services and/or the Equipment.
14. Relocation. On r prior written noble, whch sMI in no event be least then 60 days, send at Lassoe's aVcnse, Lessor will n:iocate all or any pars of fhb
EquiPftta t Sdodtil Of su rebcOM snail be cm*gwt an dnidilahtity d ooerYfiwWallon lutes, fad ies, equiprwo rind Wbor. Lesim ac.La, odgas that
interniptions of Services mind 11 from such relocation and that the pmuisioris; ar
in pwagrigh 5 hereof apply to arty stock interruption.
15. As34mrtent. Lessee have the right to assign thus Agreemrrnl Or the'rgut hts heredw ody YO the consent of Lessor which: in ifte case d an assignment
by to" to any of its affitlatos duo In substantially rho same businocs as Lessees, shag not be untCasonably w0 mold,
IS. Cornptetb Agreement; nyulfioattons or Wanrars; Form. This AwsomenL Woodw with ttw sctwdule(s). which is incorporated herein by rMwance, is to
compwo and eorcW-kes St"'I of the aWoornCrtts between rite parties with 1OWSM to the subjal,'t Manor hared anti superseaA any Oral or wrdleri
Or ropresentatiprs or aptemAints rtdgkq thereto. No dwVes, 04dlcicatians a waivers regarding Ihia Aweerywo shay be bnuft unless ire wrti V
and si(; W by the parties her fo. T* Agreement, lnclutliry fhe S:hoWle. and any moi(M aons, waivers or nomcw"s rdWj% tharut0. may be executed and
detvnred by facswnk or dactra i mail. Are► such IB X*MIe or a W=111c mat transrei 01 shag cone IC the final agneerWd of the patios and Wnckmjw proof of
SUCM agreement.
17. Vawtty. Lasso► and Lecs4" intend this AWsomem to ao a valid legal nshumatt, and no pravaron d this Agresttlent "ich Shag ba deaned rrlerttarc.esae shag
in any way invalidate any Ctiier wits of Lois Agreement. A Of which felYk* in full f=t and olrecL The hteadhps in this Agreerslertl are intended for COMOr*XM
of reference and SMA riot offs i nwrpr umm.
I& Governing &,slur. This Air IS. IV x is made and entered into in the SWO d New York and shot fie gorvam d by and construed in aw4rdama with rite I*A d the
Stale d New Yolk without affect to M coNgcts-et-leery prof�om Mond. The pwim tweto, their su�ors Kid assigns. consent to We µ rwdiction at the
Courts d the Stilts of New Y 41h r t Io Segel pr000W0gs that may resuh from a dispute as to the ; ,;, ,, .;�,.. Or bt*Wh d any of the forms and
Condtions of this AgrseenWl. LIT: tot Pge 2 002 Agroli"I 8
Gustonter signature: ' AcCt: Agmt: 7191 Ord: 571910
FAX'SP : BL"C:A•1BEPG L.P. At. 1U.' 99 05 : 12 : i e5 EDT Page
jLOON@ERG DATAFF.ED ADDENDUM IBL.00MBERG L.P.
49S Park Avanue
New York, NY 1 OD22
Tdephone: (212) 318-254
Fecsilrft (212) 89Lj-5540
ACCOUNT No: 132440
omw-.R Nor: 57123 d
Addatdum to the 8loarnW9 Agana w4 fVQ. 571910 (ft *Agr0CflW') Dotwmn 8loombesg L.P. ("Dloonttta►g" a "Lesaw') aatd
QTY_QF PALM DESERT {4Le63e01•
Rallugum
A l eS6pp are pertift 101he Agreement rdQ►*vW shove and ftte Sclt)du)9z) of Sw mosi W*-SCnCdule').
B. I .as has ItltliGil<gd a desire to ra3r: w corlain information contained in the 8erdoes (the "bllorrnabon") by means d a datalood (#m -Dskofeed") and to
distribute the IrtfatrialW end Refoun,4 )d kdWnatiart (asc hpwetter ddinoM to 8ownbergiksgra l corttp mots d Lessee equipW w4h a Bloa yterg-
gupPlied keyboard Wdfar aborribarg p(apriataty Congener brailfd= (the "AuMoriVA Computers").
C. Lessor Is willing to provide to LCsseee the Infornka0w by Dalafsred, al,40 to the terms orid cortdidots of fhe AgrrAtrnent, wd as amended by This Addendlon.
0. Capititl W tears which are not QOriNld heroin SttaB have the meaninp stilted in the Agraemertt.
E N there are any inconsistencies beiwoon the to ►s of 0% Addtsrtduns and fie tams of the Agreentterst. oho terms of this A40ondurn shal apply.
Denwo
A "f rMed Arnounr shag mean a portion or wxwN of IrdWAOM that, wk aW *wndawoy aWar quetlitalivrly, in Lessaft solo Odwnefv, does rwt rnelari*
pr4Wdbo fhe d*1y d Lessor to ezploil the Information or. UY4 4Wt6 f d any sauce d my part of such Infamulon fo opla[ woh pan d tho adarmation a in wrch
case 10 maim ref orruo n connocpon ttterew&.
[I. "Rcforrnatled INO►RaateW shalt man Information in aforrn in *vah 11e undorlysng Inforntebon, n Lossars sole fr,dWVW%, rortavns sdewlable-
C. Derived Information' srtml mean Wo nution used by r os:see for the purpose of carrying out cdcutlUonc and displaying the rovub.
D. "Sys torn' stwil i wk4e, wiftwut Arnimion, any sdtwiar'a. hardware or other esQtiOwnnt or services used by Lessee to receive, store, analyze, nnartipulete or
process the Inforradom Adormaned Irdortnetim or Derived InfaslrWm
1 eea Thal Lessee may. sologr for the purpo94s and on ate caridlleons set forth in this AW&fdam, recaiwo the InfurffoO m by messes of a eloorr"g
DaNi aw inW AuMwlzW Cornpusers of T.essioe. Lessee m pr use The inforrTwt:on. Refortruwad lntorroation and thrived Iarormabon for Lessee's "arratt►
busimss pu�. inr� widml liraltatlM as a V41 to o0nVuW appjco ns on Autoizad Corrp sers. in no event will Le"oe porn$ Nte Irntorrmom
RdornwdW Information or me Oerived Itrtarfnallm 10 be used in any way nd spec ficaly uAborized by I.essar. In no went will Lessee perms the Infocrnation or
the Rota. Infontrartion to be moved. copied, bmadcest reproducel poled. or otMerresi routed to or used in arty f0hon on arty norrAuftra4d Computer,
primer, displ* or applfaadorr, aahjW hmewl. that: Lessee rray Store fhe InlorrrraWnt, Roformased Infom Wmn and Derived IrdornrWon a$ set forth harsh-
Losses wfll take all steps renonably r ax*swy to aansure to Laassaea s e nplayeens comply with all proisions of Ute Agreatnertt, Vckt fin0 Rtfs Addtndurn, arfd
v1wlf alMn from Its arployees alpproWWB ag"r119a 16 rapardirg cart WONW y sand rtM4SC106V : to pretreat ttna,f 04W OWoslsre and Mjsuse owing and
after On Term
2. Notwi1hstas'rdrt0 the provisions of the paagrapn titled "Rearioftss on use" set IWM in the Agreement and Bubjoci 10 paragraphs 1 and 4 (Rights to Ilse) of IM
Addendum. In he ordhary mTrso d ousinm. f aUft may use aM dulsamnste a uM40 Mioutr 01 me Wormatran and Raf=IM aq Information to support
Ow primary bu kv*s of Lessee; zaki*& , that Lxsee may not use or dissemirwte fine Wormation, Relorrrraltod InforrrMw a Rerived tdorrttatiart in
XV maruw whi¢l't tone M" 20 m1arnaam co used or &sarrdrMkA in Losses sole good IBM Amorwit, to be a source of Cr subcli M for fhe I .. , ; .
CtherwiS9 w*ftred to be suppled by Lessor or atrattable Ir011t LOW10r. SAW to T* foregoing reslric b)S, Lessee may use the Informattm, Retmnated
Iniornrrtian salad Derived Inforrrtellllon In Lessees seu*w in fha rtasture of providing company rowch to its curlor 4 traoo rapordng, poMoW rapolrtp and
trans proposals.
9. The a'tm bar and facabon d the Authaaed Computers are seat lorlh an the Sche Whk Lassen aareea the ason Authorized Conpular, printer and Bloomberg
aanb4or will havo at unique:ul*=. which win be Provided to Lessor prior to installation. Lessor sham have aA rights with respect u 1* mpipmors provided by
Lessor. inducing, but riot firnkod to, accaes to Such Equiptrnertk awed Lmsee shd hw a al a%Wior s and respart6idlGtim wAh respect #writ, as stated in the
Awwroont
4. Lessee carom to comply with at rcatrictiorta on use hq Xred by PMwWrs of Ex3wW Dp(a (as hereinafter delin aM or. Additional Intumoborn (as horotnetler
b. Lesseeunderstands; that Third -party ctorttrifwurs may choose to inhIA or WON* their ittarrne ion from being a=essed by LcsSee Vial the Delefeed.
(Adcgbord terms on neon page with required ackn wh ftment)
Agreed to by: Aarced to by:
QTYOF PALM DESERT BLOOMBERG L.P.
Cornpany Nacre (P 1"so type a By: Bbornberg Inc.,
Gtx>Ieaai PlfMer
Signtatare (Daly autfloriaad atftcar, psrmor or propreetor)
MAUL S. GIBSON, DIRECTOR OF FINANCE
By�
Name and rue (Plea" type or aina 10/22/99
Date. 21 OCTOBER 1999 gam;
O 1 M 9ioorahct9 L.P. BLOOWXRG. SLOOMBERG Pf10FL$t3XXW, %Odtlw"G NEW$. BWOMBERG FNAMGAL WWWTS. OLOOMWAG TEI.E SO4 and THE
Bt.m se11C TRAVELER are WNJWtA" Bard sevice rroarM of Bloomberg L.R. a Delaware Wrdlad psutrteratip.
OT:107 Pg:1 of 2 aatonawlU8110
FA:,'a�,_: BLOiiPdBIPG L.F. At 10-'''1-/99 0`:12:05 ELT Page 4
(3 l is o preasiy eWgW bobs= the parties Ot at the rghts graralod to Lessee under 00s Addm& n do rat induce iho right to store al or any part d 7te 4ftmdlort
or AMMTsMted Iffamtahm in ftdmes for arises by any man-Autflogued computers, non4goomberg subscribers or any find pwW or rue right to d0jib,ts
any dwdmc services containi a al or any pet of the Irfomteion or Ftdwaa tad Information. Notwillirdandi v the Prior aerlb =. I.cssee may, sdely for
wxass by rand use on the Aufflo jW Ca mputers. store fte► Information and Aelnmtattad ImWmoadan an l-atfsea's network server to the duration of the term of
this Addendum. Upon terminaton of Yw Agtee tare or this Adondum for any reason wihstsoeeer, I —see shad use ds rest efforts w pr&" 4e1ote or purge
any and all Information eM Reformatted Information, including copise d the Information and AefaTrowd information from any Systems) Lessee, used with Nw
Inlamatien or Reformatted Information and Lessee sha itru udi8Itty, upon such tcff*ttrryat, cease using any and as Information and AelorrnaW Intormation.
Latsseta steal provide Lessor with evidartet saftfaclary to t Assoc' it at such deletion ,end ulesation of use. Ai wW tima thw'eaft w, if Lessee latdr, *W Infonmatm
or Rdwmetted Inlwmrdiion an any of its iytitcrris that was not dolortfd or purged, Leisseae shalt z that tine promptly debre or purge swh Ir4wmaftm Upon
fantnirabon of fie Agreahov or this Addendum, Lessee xhal ral be required to delete, punme or cease pwmuw use of fill DWWW ktormatAon or (ii) arty
Information or Reifarrriahed Infoentatien mat LOBW I$ regrind ply a 109W or ragulat" boob Of 4at90tersl *sdiatian to maul& for inter reporting, arc *4V
or storage pu►pottea after such termination.
7. iVotai %tarnding amyfring to the contrary conw sed it tit: Addwwijm or the Agree mw% Lessee may nd use aryl portion at Ira Information, Reformatted
Informagon or Derived Inf&malan in any manna' fiat m ctnepb" WM any product or WAW then bang offered by LlfiSor InelWift, but not limited to. any
use or such 4M that 111W.
(a) resin in ltnc ellspimement d an sut>sc(oon at. or N1e loss d a potential substAption by. a thud party to LMsWs intwmatlon services indu(h%
without Unitarian, sevices w1h reapers to AW«idiges W Information (ass hereinafter de wm d); or
(b) rax ult im a mduCoon d Lassms soisft or pow*W subeenplions to Lessor's information salfneCes. irtderding but not &WM to, the nexrtbor at AWnore=ed
campAm and 9loorhberg tamateis under the Ag"aeit roeemng ttw lntomtmom; or
(c) prejutice me rights of Lessor a any sources of any part of the Warmation to aiploit its respective pardon d trw Information, If Lessor beieaws in good
fait► that static sarvioo or product of Lessee Competes YAM Loacar in the manner spWIW above, Lessor rW terminate this Adds djM w d a to
AgMamernt, pursue arty and ail romea" in mopw of such broach, and RW requ19 ON Law mvnodaoofy disconllnue Its use of the Infarmmlon and
Refon iWW Information artd comply vA h Ott p tamions at paragraph 6 hired.
g. Low (OVI 14 that 6011 m•atdd.and moetiler WWWW #"iW9 or de lfonioW (i) the requests of La1 m for the Woormeelion, the Exchange DaW rind
Addtional Irdasmalan and (i) 0* number of AuOarina0 Compulers enabisd to arcs tle Irtwnugg6on, ExOhanp Dais and Adaltond Information. Subject b
the tests of this Addendum. Lessee shag Wk w Leeson access to any of as premises and appropriate access to the Authorized Computers at aO rewonable
tunas for Nw purposes d such auditing and ownilorkw.
a. Lessee agrees that i1 an a ra&A of AtiMrig or manitp'np by Lessor utterer paraPyraph a. Lessee is shown to be wwq the ftmwow at Reformatted Irttarmaltion
on no t-Auowrm Cl f 7 aputers, acrcopt &s parritled by this Adden&m, a otter compliers enabled b at W= Esar hrhltga Data or AdOortW it annahm adtlborW
to those Plated on Nit S&md g% Leiseea shal be I•wW to pay ad4ftid charges &War Ex hrtge Fees (ass ifefned herain) wWa Additional Wormatian Fees
(its defined hen*) in rcopea of each such Computer Or. der W, Stich charges or reps to tie calcuWW from tie day fallowing actual inhalation of the initial
services. In addmiorL festoon shad hove the right in such a►eri to tatrettriate tho Addndurn aheblor the Agreerrrent ar-d to pursue any and all remedies in respect
of stanch brach
io. The number and wadw d Authorized Computers ainahled to acoesa Emtia go Date and Additional Information are as shown an Nee schedule.
111. Lessas agrees to maintain a lop and prods" a report 10 Lassa on a mane tty basis. of anti rsawmbly requested, fisting the number ai Autivizsrf Cortlputers per
bcauat a W fx antique ad tracts of etnch Augwd=oa Computer.
12. As mW sted by lessor, LaiW shag proride to Lessor a ce(pficate segncd by lessee's aaodernai or ir� auditors or such eater awhorixad person acoefttabfe
to L.eisor vt Nit tho most reawl at the reports edeirred to in p mWaaph i t above and the service charm paid by Lessee and canflrming i W lessee is In
compfiewa WNt al tetras arW cortdliiane of the AOfa7t:nnont and tits AddW4M.
13. Lessee wi11 Ineiado In the moral* toport tfte number &M location of Awhorited Computes a:+'nabled w acres„ stock sad coawrtodily or other applitA* exwwnge
am included In the Sett Aoss (,Erocfiartpe hate") andW Wa Tnalion included in Due Services urxten ; , , III A belUrean Lessor and the prat(ders of such
information ('Aeidti0A81 1r1(tlmrl.�darl"j, as are SttoMrrn on the schedule. Lshell peps ail tees a:hwgW by cite relevant e>xhov% for Amens il0 Evolw po Data
(LEa wongo Fees") ar tees cda W t)y the re hefht mutt party for excess to AdMdW lydgmalon CAddlnwW INNnn ffKa Face,). Lessee aduwwktdgm a W
wcepw that scan teen may be charged on the bass of each Authorizaid Campuler is xd*d to access such data or kdormasioa and that ilia basis of emginq
am amount of sus n loos raw emerge upon notice.
14. Lessee agrees to identify the Information and Reformatted tnfarrnat m by idisptayirg it in aocorrlertcewith the falow tp rules:
(a) any third -parry twwi3ured data contai wl in Nte ttttorrnalion shall be'idEriti 1d by tttt moos of the third party or as otherwise required by usch conirtbutor.
(b) any date conla'eno0 In ina tntartti Wort and Reformated InfwT a0w conldbLW tdml;* by Lasser shall be WwWftcd as altlornberg data
15. Lessee will ensure that of ratahtime Warmailion is dispiayal with Nis Lassa time stamp as a:teppgad to Leaser and Will use as bWL effete w ensure that:
(a) its computer system will respond in loss than three (3) wicards to aft requests to dspla r the Information as po rnanad by this Addendum arts me
AWeemert
(b) wnwe the InWmation is displayed in nBQFtlme, it will be disphyud i61 tta then threat (3) SOMM from the time it 16 received through Nile pata/aW into the
Authorked Comptitem
ho. Lessee shag pass an ail UissarjuvAded system status messages to the Autwired Computers which arm displaying any Inforrnatim and Reformatted
Information.
17. Al Exchange: Dam and Additional Information sew{ be das;ilaried by Wow in wcwdwve wilt fine rules of the relmwd exchange(s) ww AdcWja l IrdarnMon
providers.
Adam, Terms and 2001 to U
i& Lessee agrees that Loam i& not respanmue for am fault. inaccuracy, ornasion, delay or any adw tact ire in the Inlormaoort, the Ftdornuttmsd VdoATtaaan, to
Daxived tnlwmwk n, the Excharga Data or the AdC%oAW kdormation caused by Lessee's computer aWpaient or arising fray LeasoC's use of the Inbrmadon
on such equipment:
a n Lessee is a Tradifg or Pordom system " of L.essor1i intormelm systems, paa8graphs 13 and 14 d this Addwdum Simon not appiy to klar vtaptort whloh
orWww from securities: stdrapd in Tratdng or PodoW system
20. This Addendum. Inclualing $fry Modlieatbns. wa hers or rwt tgdor►4 relating thorclo, may be executed and dokvmd by facsimile or eltotpg* mail. Any such
facsimila or alectranie mat transmission shall coM We the final agreement of tie parties and conckmnaa {roof of such as raternwL
aT: 107 Pg: 2 a 2 eft b neia iUSiM
Customer Sigriaw e: Aecc: 1 RM Agmt: 2Tn qjg Ord: 0910
rA:r:�?: BL0011BERG L.P. At 10./22,'99 05:1,2:05 ELT Paqe _
...0OM13ERG SCHEDULE OF SERVICES �I t70MaEAG L.P.
400 ParkAvorwa
New YofK, NY 10022
Tolephonat 02) 318-251Q
Fwsiw ft.' (212) 80-5540
LESSOR: BLOOMBERG LP.
LESsEIE:__Cff N ' PALM =WI
_
ACCOUNT NO:
$1
DEPARTMENT: ,
ow" DATE- IO/TR/19N
ORDER NO:
571914
E01 "ENT AWRESS:
BILLING ADORE$$: (Aaynrant on�t aoceptad from &fling fyarry
tisied txolov�
73.510 FRED WARING DRIVE
_ 73-510 FRED WARING DRIVE
PALM DESERT
CA . 92260-25M PALM DESERT
CA
yavio-25m
(Cith
(Siall (zip) le4y)
MOO
r4p)
Lk dw States
i United Stafrs
_
CONTACTS: +o „IEFFREY _
f60 77f 6381 7}fQ tAS JEFFREY'
776 8383
Lessor and Lessee are ponies 10 a M.AX)MOM AGREEMENT. Number 571910 (V* •Agreernantj, which soft tone I* le'nm and MndU= under which
Lasaor pro►ides to Lcssao it* Sarmw dosonbW therein• The Smvi m indude ante fmo suhscrip6on to 6loot *w g MAga2ine for each 4w of the 6LQOMBERt3
PROFESSIONAL sovku . AN upgrades, rdvoaftimoorrvor000, egypmnt crwdlfrcOon6 end o9wr aW90 requested 4y Lamm retrrta0 t0 tie Serviaec will
mfoT ucalty be charged at LesWs prem*V rates ord Lesssm vA be nvdc d accardirK,(IY-
(Addomal Umm an next papa with loWir d W wvledyawnt.)
TYPE Or SERVICES/ MONTHLY RECURRING COMMENCEMENT
EQUIPMENT gADERED �ANrlTM gmARGE (P>=R &D DATE OF TEW
Skx)mberg/1SPnohmd 01 1,640.W
Total• $ 1.6A000
AgroW 10 by: AWOW 10 by -
CITY OF PALM DESERT
Company Narl>8 ( of �) BLQoeIREtrtG L.p.
BY: BLOOMBERG INC.,
_ _ _ Ganery PaNlill'
Signo"a (du>Y au aft .Parr orprwoo6 < "
PAUL S. GIBSON _ BY
Name (Pleas6 type or PdM
DIRECTOR OF FINANCE _ _
rme (Pleat:o type of print) 10/22/99
p jo: 21 OCTOBER 1999
0 IN9 9lowrrherp LP, SLOOM E iO, BLW140 C3 PROFESSIONAL, BL(X*WFtG NEWS, RLOONIERG FINANCIAL WIAR MTS, BLODIAMIG TELEVISIDN ato THE
t_00WERG TRAVELER art: trade oft WW which mantra of tNoomMM LP., A Dellwaro Grnilad pannersbip.
-This natal does rtat inokde monthly fact for rea"rrm attcutnpe aid Mrapary urarmation serwAs or appYaabla faxes. AN applicllltle taxes, kiduatnb W&W
li nhation, sales I& and VAT, shall be aCMI1rD to the charg" for the Seu*m and sat foft an the invoices. If tax-axM*t, a copy of the StawForeign Tax Exempt
C`emfwWo must be submiaad upon signghp #m AproaOM DT:103 Pg:1 of 2 domocoM BO
FAX -SR: BLOT;%IBERG, L.P. At.=0/22%99 EDT Peak -le 6
1. Aa �T10i�—� T+���LI{�k OTl1EX EUU. F_�E�ri
Pursuant to the Agreenhaarht. Lessee has requeatal Lessor to pralwido the Services at l he taMW oquiprnerit address (as noted on tie face of this Schedule). The
Services my am mclWa the recoo of BlooirMMdsVft ed television pnogram(s). In such evem, Lassos W eristAt, at its e*wsA the tavtiel0a dsh and recceiaer at
Ioffice neopttary to receim the progearrh(s). La"co shall bear*lthe cost of cabling from the Equipmeng to tho satellite dish and d necessary vilest raAiad
aquipenent and shag be responsible for obtaining the necessary authorizations. spaa:e, roof rights and riglhts-of-way la proper instalta6on of the sd" dish, (saw.",
a" and tetatetd hadwa V. The prograni(u) bWf lie displayed by t.mw on such EqupY*U roam the Services. This process and cabling must be cw"leo
at, or Wwr to awitiva renewal(*), now i'tstallaI:kxgs) ra War relocsnion(s).
2. TERMS a CH
Thu; initW Term (as definW in fhe Agreement) is from fhe first day Se vices are provided to the second anniversary of that dirux The Term for any additional Setrviota
shall twamme en the fiist day such additional SArvicfe are presided. The fee comrnenoas Una day foomma actual installation W4 shot be invoiced qu"Fly, in
advance. Chw9es for installation, relocation. removal of other cdhangeS to the Equomen! shall bB Mdyrabb upon presentation of an i NS= Vieardor. Any tee increase
at which t.er we is notified in aoCo "lea with the Aafft ie ft VAU tdice etfelcf As specrfleed nolwithstatdMp 170 latt L=co of a Schedule belling torte the than current
I=
3. S OctMBEIi, R IM R_OOMRFRC IUJAT EM.
In the event that this Sch ecUe prov4w. or MW from time to done p(OVWe, for one or ngre eLOOhIBERG tl, BLOOINBERG IV Of Plat Panel screens, tfhe LOSSM
agrees not to separate. unbolt, mom modify, inta2rfaoc. dupllcmr:. redistrbule of odwvAse d CWnd* artir am, both. or four of fhe BLOOMSSRG II, 8tl,OM9ER43
IV at FW Panay scrams, a use 4hy arts. both or far of Me srseEns in a mariner inconsistem vft the terms d this Agroe rant, wMtoul Lessor's prior written consent.
U nautforL- d amass or use is uNa dtil and LesgOr than have all recourse and rights as Set 100 in the AWCOMOM. The tease fens for To BLOOMBERG U.
BLCX)WWJiG IV ar Flat Panel shag no hie mu as Ma is the specific BLOOMBERG PROFESSIONAL to which h is attached. The LessoVs fee applicable to the
double scrtelhn shall corn rence on the date Gagauing serval instalation.
4. §tU jM NE CMM- MLL LE TERMINALS
In the euerft that 1hit: Schedule PKFOde6, or may ham Gnhe (o tints prauida: tar a lea for Services caletilaled on The ba>:is of a shared nattiork or muitiple fiornninale, than
at such time as ffle ndhv&k is no bn0er 5hav'A Or ataihiple twminatc are no longer leased, ft fee for Ssrvi= shall be inC wAd to fhe prevabV rue i0( 89m;ra4
provided on an unstwed or sinplo tcvrswtal basis.
S. W&IEIPT CF THE giWWICES_)ILA L E§M'S ALff- r!!O gQj fl UFNT
(t) The SQrVi m shag be male avaWa to Lessee by mesas of the authorind equipment set fora on the face of this SchedlMe or the Autlt vized Computefs
as set forth in the Datadeed Addendurn itft.4Au#xvb d EquprftoiM. Lessee agrees i W k will access the SWAOos only thragh such Aulhodnd &W#nenL In no
aava V will LeaN o r net,"Bte, redlstrbuts of anther AAD retrarat A or reroute the Sarvites io any other equiprnert or display or permit the use of any irttormation
included in the Servi= on Any Ww equQrnonl of display dV0041.
(its Lassa shall Maros ttw rgM a any timt% or from ffma io tarira, to change the teachntcE{ spacifieaatlons of any aspect d the SwAcas and. In such avant, Lassoes
shall t hkc 4A rmonable steps, at its expens% to nuft. reconfigure, raWcyade or replace the Authorized Equipment in order to maintain cornpatit>iGtyr, functionality.
quality, spasd and cornaniarrrd of the Services.
(Q Lo*sor shall have no responsib9&y for hsta kU labedag, teestirlfj, rnairhWnirog, rdocathfg or mnwving fie Authorized Egttiprmoni, or for tro nmg or prase kWV
support docarnemation to Lsssaae's empk"M in the use of the Authorized Equipment. All cabling, cosine lions atd any imerface (irmuft hardware, software;
network or oflnerwoe) between Aupmitzed EWWYW and Lessor's EcIvornerit are the napflowbiRy of Lessee. NOTWITHSTANDING THE ABOVE, LESSOR
SHALL HAVE ALL RIGHTS WITH RESPECT TO THE AUTHORIZER EQUIPMENT, INCLUDUeK3, BUT NOT LIMITED TO ACCESS. AND LESSEE SHALL
HAVE AU, OBLIGATIONS AND RESPONSBILIT)ES WITH RESPECT THERETO, AS ARE STATED IN THE AGREEIWENT WITH RESPECT TO
EQUIPMENT GENT=RALLY. In alkitton. Lessor sting tOX the right to partdpata m the provitdart of flaning aria the preparation of wpp0d d0cumettledm rftUng to
the use of the Servfoes by means at Inn Authorized Equip wL ahhough Lessor shad have no obligation in this regard.
(N) In addibon fo Macs limitations 4n Imbilty contahwd in the A®►amem. Laaw, its officers. errktlayeas, Suppliers and thkd-party apeMb. shot has no
raMpefe so ty or liability. rmIkVer'ht at Wwwrise, for any iryury of dwepes. wttettW coed by the nogl4once of I-essor, arts ernployoos. sub-conirdGtors, agaves.
egWnent wont s or othetw" arising in cotrheCtfon hrRt site arse, instillation, or prdrtsion of tho Stxvices by means of tie Authorized Equipment and shell nil be
imle f4v arty last pro ts. pttttidvea, irtcidarttal or 10 darrwM or my claim against Lessee by *ray a dw party with respM ttaerat3o. Lessee agrees Ing
Lmsor is not reeportsWe for any tauft, mccuracyr, anissm, 4eW or any a>iher failure in the Services caused by Lessee's hardware, sottwarn, eabting, netmit
serves. or arising from I asSoo'S use of trio SOAACM on such 6quipim L
tiIM OLD43MB VJ3M AF A
(a) THE BLOOMBERG TRAVELER: [) musl bo ast;dciatad tevifft a sp=01c BLOOMBERG lwfwr a► Dosed by Lessee; (w) vvrt not be used for An ettendsd
period of tinrie in a tints scow diiferent 111an 1}idt of Gs assoclatbd BLOOMBERG terminal: (Nwildsanabla the associated terminal for a rerrok period of lima and (v)
is leased and may be Brminatod upon 90 d%V prior wriftem notice to Lessor. Lessee will incur a connection fee for any retoctltion of Lessor-praside0 software or
Services.
(b) L"oo-promded hhadwwc and software must mW fig teehnicahf sp0BUecW0n6 provided by LesrrChe'. L.=w aoappis retsporfshbitily for properly kwding,
r„, ,, and upgrading THE BLOOMSERG TRAVELER software on Lessee -provided h aWwae, ,n vacoofdanca with Lessor's instiolicina and pe tres. The
600wea is fulrnJ hvd under the Agreremt of And may be u&W only in accordance with the I&= of such Agroonent Except anti provided in the Agree ne M fhe
software may not be: p) copied, broadcasted, reproduced. ported Ar Otherwise routed to or used in any fashion on any nat"Attwized computer or display or In any
other appicrdion, (h) recompilod. dwompied, deWSMTbled, rewerse tanomered, made into or distributed in arty lam of tkwhna ve rwrk; (w) modified, atdpteL,
translated. rerftad, leased, loane4 rafhsOid, distributed or, afeoeept as provided in the Agreement, nehmOO d in whole or in part: a (w) used with argr olhet terminal,
network, or device m cept as permitted by this AgreemeftlL LESSOR MAKES NO WARRANTY OF ANY KIND WITH REGARD T4 THE SOFTWARE.
INCLUDING, SUT NOT UMITEA TO, THE IMPUED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. Lessor shill
not be liable for CAVrA corfidned n V* software or for in paeect, eracidenlai, curdugwvial orspecial *fat Wos in Connecii r with the furn*hing, performance or use at
the software.
7. F:9=
This Schedule, and any fir xndrm% hem, may be exwumd and ddivaed by IaMkrib of ail 0rom mail. Any such tacsln* or dectronie maN 1'aroT%Sion
shall mfstkate the fkwg agreeTw it at the pates and conclusive proof of sucA aWaarrient.
DT: ion Pa: 2 of 2 domaceedli9lsf
Catstenter S[ynsture: Aca -. 132440 Agent: 571910 Ord: §Zjg14