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26 <br /> THIS SECOND SUPPLEMENTAL TRUST AGREEMENT is dated as of <br /> November 1, 2019 (this "Supplemental Agreement"), is between ORANGE COUNTY, <br /> NORTH CAROLINA, a political subdivision of the State of North Carolina (the <br /> "County"), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a <br /> national banking association having an office in Jacksonville, Florida, as trustee (the <br /> "Trustee"), and relates to the issuance of [$50,000,000] Limited Obligation Bonds, <br /> Series 2019B (the "2019B 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"). The 2018 Agreement provides for the <br /> issuance of a 2018 series of limited obligation bonds (the "2018 Bonds"), and allows <br /> for the issuance of additional series of limited obligation bonds. The 2018 <br /> Agreement provides that the parties will enter into a supplemental agreement for <br /> each issue of limited obligation 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 /> 2019B Bonds as additional bonds under the Trust Agreement. The 2019B Bonds are <br /> issued and secured on a parity with the 2018 Bonds. <br /> The County is issuing the 2019B Bonds to provide funds to be used, together <br /> with other available funds, on a project (the "2019B Project") to acquire, construct, <br /> equip and otherwise improve a variety of County facilities and assets, including <br /> those described in Exhibit A, to refinance certain existing County financing <br /> obligations, and to pay financing costs and other related costs. <br /> Each of the 2019B 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 'Prior Agreement,"as defined in Exhibit B. <br /> 1 <br />