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A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.R. SMITH, CLERK <br />APPENDIX A <br />The fees due HilltopSecurities for the services set forth and described in this Agreement <br />with respect to each issuance of Debt Instruments during the term of the Agreement shall <br />be calculated in accordance with the schedules set forth below. <br />A. With respect to compensation on a time and expenses basis, for non -bond related <br />services, HilltopSecurities's hourly fee schedule, excluding out-of-pocket expenses, is as <br />follows: <br />Position <br />Managing Director/Director: <br />Vice President: <br />Assistant Vice President: <br />Analyst/Associate: <br />Administrative: <br />Rate per Hour <br />$175/h r. <br />$120/hr. <br />$120/h r. <br />$120/hr. <br />$ 40/hr. <br />B. The fees due the HilltopSecurities for the services with respect to each issuance of Debt <br />Instruments (bonds, bank loans, etc.) during the term of this Agreement shall be calculated <br />in accordance with the schedule set forth below. Unless specifically provided otherwise <br />herein or in a separate written agreement between the Issuer and HilltopSecurities, such <br />fees, together with any other fees and may have been mutually agreed upon and all <br />expenses, for which HilltopSecurities is entitled to reimbursement, shall become due and <br />payable concurrently with the delivery of the Debt Instruments to the purchaser. <br />Debt Transaction Fee <br />$1.20 per$1,000 for the first $20,000,000 of debt instruments, plus <br />$0.75 per $1,000 for amounts greater than $20,000,000 of debt instruments <br />Minimum $15,000 pertransaction <br />C. The County shall be responsible for typical transaction related expenses, if and when <br />applicable, whether they are charges directly to the County as expenses or charged to the <br />County by, HilltopSecurities as reimbursable expenses. The payment of reimbursable <br />expenses that HilltopSecurities has assumed on behalf of the County shall NOT be <br />contingent upon the delivery of bonds and shall be due at the time that services are <br />rendered and payable upon receipt of an invoice submitted by HilltopSecurities. Proposed <br />charges may include items as listed below. <br />- Travel, lodging and meals, provided travel occurs in coach <br />- Courier services, facsimile, and photocopies <br />- Conference call charges <br />- Third party expenses, such as advertising, incurred on behalf of the County <br />D. Fees for ancillary services including continuing disclosure, arbitrage rebate, asset <br />management, structured products, pension and OPEB trusts, and non-traditional services <br />will be based on a mutual agreed upon fee. <br />14 <br />