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THIS SECOND SUPPLEMENTAL TRUST AGREEMENT is dated as of June 1 , <br /> 2024 (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 /> ille, Florida ) as trustee (the " Trustee ") , and <br /> association having an office in Jacksonv <br /> relates to the issuance of $ 11 , 880 , 000 Limited Obligation Bonds, Series 2024 (the <br /> " 2024 Bonds " ) , <br /> Introduction <br /> The County and the Trustee executed and delivered a Trust Agreement dated <br /> as of June 1 , 2021 (the " 2021 Agreement" ) , The 2021 Agreement provides for the <br /> issuance of a 2021 series of limited obligation bonds (the " 2021 Bonds ") , and allows <br /> for the issuance of additional series of limited obligation bonds from time to time . <br /> The 2021 Agreement provides that the parties will enter into a supplemental <br /> agreement for each issue of limited obligation bonds . <br /> The County and the Trustee are now entering into this Supplemental <br /> ide for the issuance of the 2024 Bonds as additional bonds under <br /> Agreement to prov <br /> the 2021 Agreement. <br /> The County is issuing the 2024 Bonds to provide funds to be used , together <br /> with other available funds, on a project (the " 2024 Project ") to acquire, construct, <br /> equip and otherwise improve a variety of County facilities and assets , including <br /> those described in Exhibit A, and to pay financing costs and other related costs . <br /> Each of the 2024 Bonds represents an " installment contract" within the <br /> meaning of Section 160A- 20 of the North Carolina General Statutes ( " Section 160A- <br /> 20 " ) , between the County and the owner of that Bond . The Trustee serves under this <br /> Supplemental 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 /> NOW, THEREFORE , in consideration of the covenants contained in this <br /> Supplemental Agreement, the parties agree as follows : <br />