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<br />CUSTODY ACCOUNT AGENCY AUTHORIZATION <br /> <br />Reference is made to the Custody Agreement (the "Custody Agreement") dated as of .., II \ ."~(o between <br />County ofCaraJ>tSus, North Carolina ("Customer") and The Bank of New York Trust Company, N.A~ <br />rr <br />This is to advise BNY that for the account(s) identified below Customer has duly authorized the following investment <br />managers (each, an "Investment Manager''}.to act as Customer's agent for the purpose of (a) delivering Oral and Written Instructions to <br />BNY (as defmed in the Custody Agreement), and/or (b) buying and selling foreign currency (on a spot and forward basis) and options <br />to buy and sell foreign currency, as such purposes are designated below, and to confmn to BNY that all actions taken by BNY in <br />reliance upon such authorization (whether in its capacity as custodian or counterparty) shall be binding on Customer. <br /> <br />Investment Manager <br /> <br />vY\o.,r(f'd' e. 5<.J by <br />J\.l5~'-;:S FeA'''''~-hv- <br />~~JA j )~bw <br /> <br />Accol'nt TitIe/Nwnb~eer <br />ea bol'"YlA.\ L9-<<"" <br />~+ ocIy -#- <br />I I (S{1rr..e.) <br /> <br />Inst. <br /> <br />FIX <br /> <br />II <br /> <br />(S~) <br /> <br />County of Cabarrus, North Carolina <br /> <br />[corporate <br />seal] <br /> <br />By <br /> <br />Title: <br /> <br />Date: <br /> <br />{:./9 <br />