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8 <br /> Exhibit B -- Draft Documents <br /> (a) A draft dated May 6, 2024 of a Second Supplemental Trust Agreement to <br /> be dated on or about June 1, 2024, between the County and The Bank of New York <br /> Mellon Trust Company,N.A. (the"Trustee").This instrument provides for the advance <br /> of funds to the County, for the issuance of the limited obligation bonds, for the <br /> County's obligation to repay the amounts advanced, and for the County's <br /> responsibilities for the use and care of the collateral. The Trustee keeps certain <br /> official records for the bonds, processes bond payments and other payments, and acts <br /> as a representative of the bondholders. <br /> (b) A draft dated May 6, 2024 of a Deed of Trust Supplement #2 to be dated <br /> on or about June 1, 2024, from the County to a deed of trust trustee for the Trustee's <br /> benefit. This instrument provides for a security interest in property to secure the <br /> County's repayment obligations and its other obligations under the financing <br /> documents. <br /> (c) A draft of a Bond Purchase Agreement to be dated on or about June 13, <br /> 2024, providing for the underwriters' obligation to purchase the Bonds. The final <br /> form of this Agreement will set out the final principal amount, principal payment <br /> schedule and interest rates for the Bonds, and the other terms and conditions for the <br /> underwriters' obligation to purchase the Bonds. <br /> (d) A draft dated May 6, 2024 of a Lease Extension to be dated on or about <br /> June 1, 2024, between the County and The Orange County Boad of Education. Some of <br /> the collateral consists of County Schools, for which ownership has been transferred <br /> to the County to facilitate the financing of some improvements. The County then <br /> leases the schools back to the Board of Education for continued use as schools. As we <br /> are continuing to sue the schools as collateral, we need to extend the term of the <br /> leases to match the new financing term.The financing plan contemplates similar lease <br /> extension with the Chapel Hill - Carrboro Schools, which will proceed according to <br /> similar form documents. <br /> 6 <br />