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E <br />Contract "), from the County for the benefit of BB &T, providing for the advance of <br />funds to the County for the County's undertaking of the Project, setting out the <br />terms of the County's promise and obligation to repay the amount financed and to <br />care for the collateral, and providing for a security interest in C.W. Stanford <br />Middle School (and its associated real property) to secure the County's <br />obligations. <br />(b) A draft dated December 20, 2010, of a Project Fund Agreement to <br />be dated on or about January 20, 2011, between the County and BB &T, providing <br />for the custody and investment of financing proceeds pending their application to <br />Project costs. <br />4 <br />