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10 <br /> Exhibit B -- Draft Documents <br /> (a) A draft dated May 12, 2025 of a Third Supplemental Trust Agreement to <br /> be dated on or about June 1, 2025, 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 12, 2025 of a Deed of Trust Supplement #3 to be dated <br /> on or about June 1, 2025, 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 5, <br /> 2025, 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 12, 2025 of a Lease Extension to be dated on or about <br /> June 1, 2025, 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 improvements. The County then leases the <br /> schools back to the Board of Education for continued use as schools. As we are <br /> continuing to use the schools as collateral, we need to extend the term of the leases <br /> to match the new financing term. The financing plan contemplates a similar lease <br /> extension with the Chapel Hill - Carrboro schools, which will proceed according to <br /> similar form documents. The approval of the draft for County schools constitutes the <br /> use of a similar form document related to City schools. <br /> 6 <br />