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24 <br /> Standby Letter of Credit Application and Agreement <br /> **If this application is faxed or emailed to a client, include Standby Letter of Credit Application and Agreement Instructions.** <br /> International Operations Use Only <br /> Truist Reference Number <br /> To:Truist Bank <br /> Please issue an irrevocable Letter of Credit substantially in accordance with this application. In issuing the Letter of Credit, Truist Bank <br /> is authorized to make such changes from the terms below as Truist Bank, in its sole discretion, may deem advisable provided that such <br /> changes shall not vary the principal terms hereof. <br /> Letter of Credit <br /> Amount in Figures Amount in Words <br /> 300,000.00 Three hundred thousand dollars <br /> Partial Drawings Special Conditions <br /> ® Permitted ❑Not Permitted <br /> Applicant(Obligor) <br /> Legal Entity Name Contact Name <br /> Orange County, North Carolina Gary Donaldson <br /> Physical Address(No post office boxes allowed.) City State ZIP Code <br /> 405 Meadowlands Drive Hillsborough NC 27278- <br /> Telephone Number Fax Number Email Address <br /> 919-245-2453 gdonaldson@orangecountync.gov <br /> Co-Applicant/Account Party <br /> Name to be shown on Letter of Credit if different than Applicant above. Contact Name <br /> Physical Address(No post office boxes allowed.) City State ZIP Code <br /> Telephone Number Fax Number Email Address <br /> Beneficiary <br /> Beneficiary Name(In favor of) Attention To(Courier Purposes) Telephone Number <br /> Travelers Indemnity Company Credit Risk Mgt, R Thomas 860.954.9531 <br /> Coffey <br /> Physical Address(No post office boxes allowed.) City State ZIP Code <br /> ONe Tower Square, GS05 Harford CT 06183- <br /> Advising/Confirming Bank <br /> Bank Name Request Bank To SWIFT Code <br /> ❑Advise ❑ Confirm <br /> Department/Contact Name Telephone Number <br /> Physical Address(No post office boxes allowed.) City State ZIP Code <br /> ❑Issue Letter of Credit in favor of Advising/Confirming bank requesting the issuance of a guarantee/Performance bond in favor of the <br /> beneficiary stated above with an expiry date of 30 days prior to the expiry date of this letter of credit. <br /> Please indicate the type of local guarantee that is being requested. <br /> ❑ Bid Bond ❑Advance Payment Guarantee ❑ Performance Guarantee <br /> ® Payment Guarantee ❑Warranty Guarantee ❑Other(specify)Letter of Credit <br /> ❑ Please have local guarantee issued in accordance with the attached format <br /> ❑ No format provided—request issuance in accordance with local practice <br /> If the locally issued guarantee is to be delivered to a party other than the named beneficiary,please provide the following <br /> Name Telephone Number <br /> Address E-mail Address <br />