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11/19/2615 12 :09 7645881609 B DOUGLAS YDUNGBLOOD PAGE 04 <br />Article III Third Party Account Director: <br />Section 1. Number and Cum osition <br />The PfP Board will hold the funds on behalf of the partnering agency for the <br />intended goals noted above. The actual execution of the expenditure ot tlne <br />funds will only be at the direction of the Third Party Account Director. For the <br />purposes of the fund the Third Party Account Director shall be: <br />NAME: <br />ADDRESS: <br />PHONE: <br />EMAIL: <br />It is the responsibility of the partnering agency to inform PfP of any change to <br />the Third Party Account Director and contact information. <br />Article IV Dissolution <br />Section 1. <br />Notwithstanding the above, at some future date, should the Primary Objective <br />be completed or deemed impractical by the PfP Board, them PfP will request the <br />Third Party Account Directorto justify continuation of the fund. If the Third Party <br />Account Director does not provide justification within gg days of said notice that <br />the primary Primary Objective will be completed within months (the <br />Extension Period), then the account shall be deemed dissolved at the expiration <br />of the Extension Period. <br />Section 2. <br />At the time of any such dissolution of the fund, in part or full, the assets thereof <br />shall, after all of its liabilities and obligations have been discharged or adequate <br />provisions made thereof, be transferred and distributed to the PfP General Fund <br />and can be used as the PfP Board sees fit under their guiding principles and By- <br />laws in place at that time_ <br />7/1 0111 <br />Attachment number 1 \n <br />fir -- - -_ . - -- - -- __. Page 23 <br />