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23 <br /> THIS FIRST SUPPLEMENTAL TRUST AGREEMENT is dated as of May 1, <br /> 2019 (this "Supplemental Agreement"), is between ORANGE COUNTY, NORTH <br /> CAROLINA, a political subdivision of the State of North Carolina (the "County"), and <br /> THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking <br /> association having an office in Jacksonville, Florida, as trustee (the "Trustee"), and <br /> relates to the execution and delivery of $ Limited Obligation Bonds, <br /> Series 2019 (the "2019 Bonds"). <br /> RECITALS <br /> The County and the Trustee executed and delivered a Trust Agreement dated <br /> as of June 1, 2018 (the "2018 Agreement" and with this Supplemental Agreement <br /> the "Trust Agreement"). The 2018 Agreement provides for the issuance of a 2018 <br /> series of limited obligation bonds (the "2018 Bonds"), and allows for the issuance of <br /> additional series of limited obligation bonds. The 2018 Agreement provides that the <br /> parties will enter into a supplemental agreement for each issue of limited obligation <br /> bonds. <br /> The County and the Trustee are now entering into this Supplemental <br /> Agreement to supplement the 2018 Agreement and provide for the issuance of the <br /> 2019 Bonds as additional bonds under the Trust Agreement. The 2019 Bonds are <br /> issued and secured on a parity with the 2018 Bonds. <br /> The County is issuing the 2019 Bonds to provide funds to be used, together <br /> with other available funds, on a project (the "Project") to acquire, construct, equip <br /> and otherwise improve a variety of County facilities and assets, including those <br /> described in Exhibit A, and to pay financing costs and other related costs. <br /> Each of the 2019 Bonds represents an "installment contract" within the <br /> meaning of Section 160A-20 of the North Carolina General Statutes, between the <br /> County and the owner of that Bond. The Trustee serves under this Supplemental <br /> Agreement for and on behalf of the bondholders. <br /> Unless the context clearly requires otherwise, capitalized terms used in this <br /> Supplemental Agreement and not otherwise defined have the meanings set forth in <br /> Exhibit B or in the Trust Agreement. <br /> 1 <br />