1995-004-RES WHEREAS, CITY COUNCIL DID AT ITS SPECIAL MEETING ON SEPTEMBER 19 1994

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EXHIBIT C SCHEDULE OF PAYMENTS Date: December 12, 1994 Agreement No. 941212 CUstomer No. 965000 THIS SCHEDULE is issued pursuant to the Equipment Lease/Purchase Agreement dated as of parties to the All terms used December 12, 1994 , (the "Agreement") between the Agreement to authorize installation of the Equipment listed herein. herein have the meanings ascribed to them in the Agreement. A. Payments. The payments required under the Agreement for the Equipment designated on this Schedule are $ 1,685.29 beginning March 1 5 19 95 ,and continuing the 15th day of each month thereafter for the duration of the lease term (the "Agreement Payment Period"). The payments required under this Schedule are made up of the total purchase price to the City of Paris, TX of $ 86,599.25 and deferred interest charges to maturity of $ 14,518.15 for a total Agreement price of $ 101,117.40 B. Deferred interest to maturity. Deferred interest charges to maturity as set forth herein consist of services and other charges, plus interest at the the annual rate of 6.50 % on the sum of the aforementioned service charges and other charges and the Equipment purchase price. C. Late payments. There will be a charge of 1.00 % per month based on the amount of any late payments from the due date thereof until paid. D. Fiscal year. The fiscal year of the undersigned Lessee is from October to Sentember 30 E. Prepayment and purchase schedule. The purchase price as provided in the Agreement is as follows (to be prorated for dates not specified) . The Purchase Price Amount as Period of End of that Period is: Original Term: 12/12/94 thru 9/30/95 $77,461.90 Renewal term 1 10/01/95 thru 9/30/96 61,812.68 Renewal term 2 10/01/96 thru 9/30/97 45,115.41 Renewal term 3 10/01/97 thru 9/30/98 27,299.89 Renewal term 4 10/01/98 thru 9/30/99 8,291.23 Renewal term 5 10/01/99 thru 9/30/00 -0-