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31 <br /> Attachment 3 <br /> THIS FIFTH SUPPLEMENTAL TRUST AGREEMENT is dated as of June 1, <br /> 2026 (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 /> association, as trustee (the "Trustee"), and relates to the issuance of $32,000,000 <br /> Limited Obligation Bonds, Series 2026A (the "2026A Bonds"). <br /> Introduction <br /> The County and the Trustee executed and delivered a Trust Agreement dated <br /> as of June 1, 2018 (the "2018 Agreement"). The 2018 Agreement provides for the <br /> issuance of a 2018 series of limited obligation bonds (the "2018 Bonds"), and allows <br /> for the issuance of additional series of limited obligation bonds from time to time. <br /> The 2018 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 /> Agreement to provide for the issuance of the 2026A Bonds as Additional Bonds <br /> under the 2018 Agreement. <br /> The County is issuing the 2026A Bonds to provide funds to be used, together <br /> with other available funds, on a project (the "2026A 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 2026A 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 />