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DocuSign Envelope ID: FCD9FE56-CF01-4E96-B983-B8E8DFE6811C <br /> 25 <br /> COLLATERAL EXHIBIT <br /> As security for the payment and performance of your Obligations to us, you shall unconditionally pledge and deliver to us and <br /> maintain the Collateral in the type and amount set forth in the Collateral Requirements section of the applicable Program Exhibit. In <br /> addition to the terms contained elsewhere in the Agreement,you agree to the provisions listed in this Collateral Exhibit concerning <br /> the Collateral provided. <br /> The following provisions apply to any Letters of Credit provided under the Agreement. <br /> 1. Any Collateral delivered to us and maintained by you under this section shall be clean, irrevocable, unconditional and <br /> automatically renewing and in form,content and by issuer satisfactory to us. You acknowledge that any failure by you to provide <br /> us with pursuant to our requirement will cause irreparable harm to us. <br /> 2. At least sixty (60) days prior to the expiration of any Collateral held by us, you shall deliver to us renewal or replacement <br /> Collateral in form,content and by issuer satisfactory to us.The aggregate amount of such renewal or replacement Collateral shall <br /> be the same amount as the expiring Collateral, unless we tell you in writing of such other amount as we, in our sole discretion, <br /> determine necessary to secure all of your Obligations to us. <br /> 3. At any time, we may require changes in the form, content, issuer or amount of any Collateral held by us to secure your <br /> Obligations. You shall provide such amended Collateral within 15 days after your receipt of our notice of the need for any such <br /> changes. <br /> Orange County THE TRAVELERS INDEMNITY COMPANY <br /> DocuSigned by: <br /> �1�.(� <br /> Bonnie Hammersly ocs�ssae�ssEa��.. Travelers,385 Washington Street <br /> 208 SOUTH CAMERON STREET St.Paul,MN 55102 <br /> HILLSBOROUGH,NC 27278 Attn:Stephanie Gardner <br /> BHAMMERSLEY@ORANGECOUNTYNC.GOV Email:SGARDNE2@travelers.com <br /> DocuSignedbyy: <br /> SU.&I. <br /> Gary Donaldson 704E51S1ACC14d9_. <br /> 208 SOUTH CAMERON STREET <br /> HILLSBOROUGH,NC 27278 <br /> GDONALDSON@ ORANGECOUNTYNC.GOV <br /> Version 09.14.20 Collateral Exhibit Orange County Page 18 <br /> CA Form-W04M5F19 <br /> ©(2019)The Travelers Indemnity Company.All rights reserved. <br />