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ARTICLE V CONSTRUCTION FUND AND ESCROW FUND 201403666 Section 1. There are hereby created and established with the Trustee trust funds in the names of the Corporation designated the "2014 Construction and Acquisition Fund" (the "2014 Construction Fund ") and the 2014 Escrow Fund (the "2014 Escrow Fund "). The net sale proceeds from the sale of the Series 2014 Bonds, including accrued interest, shall be deposited into the 2014 Construction Fund and the 2014 Escrow Fund as provided in this Article V. The Trustee shall keep and maintain adequate records pertaining to the 2014 Construction Fund and the 2014 Escrow Fund and shall provide an accounting thereof to the College and the Corporation when requested or when such accounts are closed. Section 2. 2014 Construction Fund: $28,394.52 from the net proceeds of the Series 2014 Bonds shall be deposited into the 2014 Construction Fund to pay costs of issuance on the Series 2014 Bonds. Monies in the 2014 Construction Fund shall be expended to pay costs of issuance of the Series 2014 Bonds upon requisitions for payment signed by the Project Manager or Alternate Project Manager. The Trustee is hereby authorized and directed to cause disbursements to be made from the 2014 Construction Fund upon receipt of requisitions for payment signed by the Project Manager or Alternate Project Manager. Any monies remaining in the 2014 Construction Fund 90 days after the date of issuance of the Series 2014 Bonds shall be transferred to the Bond Fund and used to pay interest first falling due on the Series 2014 Bonds. Section 3. 2014 Escrow Fund: $2,536,270.78, consisting of (i) $2,501,205.78 from proceeds of the Series 2014 Bonds, together with (ii)' $35,065.00 from the debt service accounts for the Refunded Bonds will be transferred to the Trustee in the Trustee's capacity as escrow agent to be used to pay the principal of and interest on the Refunded Bonds, all as more fully described in the Escrow Agreement. ARTICLE VI MISCELLANEOUS Section 1. The Corporation hereby covenants to the purchasers and holders of the Bonds that it will make no use of the proceeds of said bond issue which would cause the Series 2014 Bonds to be arbitrage bonds within the meaning of Section 103(b) and 148 of the Code and further directs the Trustee to comply with said Section 103(b) and 148 and all applicable regulations thereunder throughout the term of said bond issue. Section 2. The Trustee hereby confirms its acceptance of the trusts as provided in the Indenture and hereby accepts the supplemental trusts imposed upon it by this Fourth Supplemental Trust Indenture and Security Agreement, all subject to the express terms and conditions set forth in the Original Indenture, as amended and supplemented. The Corporation may remove and replace the Trustee upon 30 days notice in writing from the Corporation to the Trustee. If removed and replaced, the Trustee shall transfer all accounts to the successor trustee and shall give the Corporation and the College an accounting of all such accounts and activities. Section 3. This Fourth Supplemental Trust Indenture and Security Agreement may be simultaneously executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument. 18