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Standby Letter of Credit Application and Agreement <br /> Commissions <br /> If the commission rate is not completed,the commission will be charged at 3%or minimum $1,000.00,whichever is greater. <br /> 1. Issuance Processing Fee: $250.00 plus the commission in number two(2)below <br /> 2. The commission payable on the Letter of credit will be 0.50% . If the commission rate calculates to less than$1,000,the <br /> minimum charge of$1,000.00 will apply. Commissions based on percentage are calculated on an actual/360 basis, that is, actual <br /> number of days elapsed over a year of 360 days. The commission is subject to change. Initial commission and issuance <br /> processing fees are due and payable at time of issuance. <br /> Applicant Account Number 6167 will automatically be debited for fees and charges, unless <br /> otherwise indicated on approval documentation. <br /> 3. If this Letter of Credit has an automatic extension clause an Extension Fee of$100 will be charged in addition to the Commission <br /> above for each extended period. <br /> Bills and/or debit advices will be sent to Account Party unless otherwise specified below <br /> Company Name Attention To <br /> Orange County, North Carolina Gary Donaldson <br /> Physical Street Address City State ZIP Code <br /> 405 Meadowlands Drive, PO Box 8181 Hillsborough NC 27278- <br /> Telephone Number Fax Number <br /> 919-245-2453 <br /> Special Instructions <br /> See sample LC attached. <br /> Applicant(Obligor) Co-Applicant/Account Party <br /> Orange County, North Carolina <br /> Entity or Individual's Name Entity or Individual's Name <br /> Local Government <br /> Type of Organization Type of Organization <br /> North Carolina <br /> State of Organization State of Organization <br /> Signature Signature <br /> Gary Donaldson <br /> Printed Name Printed Name <br /> Chief Financial Officer <br /> Title Title <br /> Date Date <br /> Affix Corporate Seal if applicable. Affix Corporate Seal if applicable. <br /> After you have completed the application,sign and forward along with all <br /> applicable attachments to your Relationship Manager at Truist Bank. <br /> 318048(11/21) Page 8 of 10 <br /> Truist Corporate Forms <br />