“Trust Agreement” means each of # a Rabbi Trust Agreement between the Company and the Trustee to provide for the Trust to be established by the Company, and # a similar agreement between a Participating Employer and such Trustee; and “Trust Agreements” means all such Trust Agreements.

If the trust is a revocable trust, please complete Question 1 below. If the trust is an irrevocable

we will continue to operate the Trust Accounts solely on the instructions of the Collection Account Trustee in its capacity as trustee of the Trust Accounts, holding all amounts in the Trust Accounts on trust for the SPV pursuant to the Declaration of Trust, unless and until:

Methods of Disposition of Trust Funds. The Trustee will hold the Trust Funds and Securities as specified in this Trust Agreement until authorized hereunder to deliver such Trust Funds or Securities as follows:

TIER Business Trust, a Maryland trust

“Trust” means the [[Servicer:Organization]] North Carolina Receivables Trust, Delaware statutory series trust formed by Wilmington Trust, National Association, pursuant to the certificate of formation filed with the Delaware Secretary of State on June 16, 2017.

(fff) Regarding the Mortgagor. The Mortgagor is one or more natural persons and/or trustees for an Illinois land trust or a trustee under a “living trust” or “revocable trust” and such “living trust” or “revocable trust” is in compliance with Fannie Mae or Freddie Mac guidelines, as applicable, for such trusts.

Section # Series Disclaimer and Acknowledgment. The parties hereto acknowledge and agree that the Vehicle Trust is organized in series pursuant to [Section 3804(a) and 3806(b)(2)])] of the Statutory Trust Statute. As such, the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to each series of the Vehicle Trust shall be enforceable against the assets of such series of the Vehicle Trust only, and not against the assets of the Vehicle Trust generally or the assets of any other series of the Vehicle Trust or against the Trustee of the Vehicle Trust. There may be several series of the Vehicle Trust created pursuant to the Vehicle Trust Agreement.

“Trust” or “Trust Fund” means each of # the “Rabbi Trust” to be established under a Trust Agreement to be entered into by the Company to receive and invest amounts transferred to it by the Company for future payment as Deferred Compensation under the Plan, which trust’s assets will be subject to the claims of general creditors of the Company, and # each “Rabbi Trust” established under a Trust Agreement entered into by a Participating Employer to receive and invest amounts transferred to such “Rabbi Trust” by such Participating Employer for future payment as Deferred Compensation under the Plan, which trust’s assets will be subject to the claims of general creditors of the Participating Employer establishing such “Rabbi Trust”; and “Trusts” and “Trust Funds” means all such Trusts and Trust Funds.

Trust: The provisions of the Trust, as it may be amended from time to time, are herein incorporated by reference as fully as if set out herein, and the assets held under the Trust on behalf of this Plan shall constitute the Trust Fund.