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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 , 2 02 5 , 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 />