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DocuSign Envelope ID:A8E51 BF8-6EBC-4632-A21 F-FE02EF5B133D <br /> 11.5.2 Operating Finances <br /> Vendor(s) shall submit 1) 2014/2015 Dun & Bradstreet information supplement and <br /> 2) the two most recent annual audited financial statements to permit analysis of <br /> financial resources. If Vendor is part of a project group, the audits and Dun & <br /> Bradstreet report for each principal group member should be submitted. If the <br /> Vendor(s)'s response includes Vendor financing or committed bank or other <br /> financing, the audits and Dun & Bradstreet reports of such Vendors and financial <br /> institutions should be submitted. Security in the form of a letter of credit, bond or <br /> other security in the amount determined by the Orange County and Vendors) <br /> after negotiation will be required from the successful Vendors) to guarantee <br /> completion of the Network(s), and shall be held by the Orange County until <br /> completion of the Network(s). <br /> 11.5.3 Ownership and Equity Conversion Issues <br /> • The proposal must describe the ownership structure of this project, detailing the <br /> nature of equity distribution and its basis. <br /> • The proposal must detail any non-financial investment for which equity has been <br /> given. <br /> • Applicants must include a proposal for the disposition of assets created or acquired <br /> through use of Orange County funds in the event that the project dissolves or <br /> terminates. Orange County requires that such dispositions, transfers or assignments <br /> preserve the goals of Orange County and the purposes of this RFP. <br /> 14 <br />