Trust Fund Agreement

(A trust fund, as specified in OAR 340-94-145(5)(a) or OAR 340-95-095(5)(a) must be worded

as follows, except that instructions in brackets are to be replaced with the relevant information and the
brackets deleted)

This Trust Fund Agreement (hereinafter the "Agreement"), entered into as of [date] by and
between Permittee [name, address and corporate status of Permittee], (hereinafter the "Grantor") and
[name of corporate or bank trustee], [insert, "incorporated in the State of ________" or "a national bank"],
(hereinafter "Trustee").

Whereas, the Oregon Department of Environmental Quality (hereinafter "DEQ"), an agency of

the State of Oregon, has established certain regulations in OAR 340 Divisions 93 and 94 [95] applicable
to the Grantor, requiring that an owner or operator of a solid waste land disposal site or groups of sites
must demonstrate financial responsibility for all costs of properly closing the site and providing
post-closure care according to the closure or post-closure plan and solid waste permit requirements, and
for corrective action according to a remedial action option developed and selected pursuant to OAR 340
Division 40; and

Whereas, the Grantor has elected to establish a Trust Fund to assure all or part of such financial
responsibility for the facilities identified herein; and

Whereas, the Grantor, acting through its duly authorized officers, has selected the Trustee to be
the trustee under this agreement, and the Trustee is willing to act as trustee; and

Whereas Trustee is authorized to perform the duties of a trustee under the laws of the state of
Oregon.

Now, therefore, the Grantor and the Trustee agree as follows:

Section 1. Definitions. As used in this Agreement:

(a) The term "Grantor" means the Permittee who enters into this Agreement and any successors
or assigns of the Grantor;

(b) The term "Trustee" means the Trustee who enters into this Agreement and any successor
Trustee; and

(c) The term “Beneficiary” means DEQ.

Section 2. Identification of Facilities. This agreement pertains to the facilities identified in

Schedule A which is attached hereto and by this reference incorporated herein [on Schedule A, for each
facility list the DEQ Solid Waste Permit number, name, and address of the facility(ies) and the current
closure, post-closure and/or corrective action cost estimates, or portions thereof, for which financial
assurance is demonstrated by this Agreement].

Section 3. Establishment of Fund. The Grantor and the Trustee hereby establish a Trust Fund
( hereinafter the "Fund") for the benefit of the State of Oregon acting by and through its Department of
Environmental Quality. The Grantor and Trustee intend that no third party have access to the Fund except
as herein provided.

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 The Fund is established initially as consisting of the property, which is acceptable to the Trustee,
and described in Schedule B, which is attached hereto and by this reference incorporated herein. Such
property and any other property subsequently transferred to the Trustee is referred to as the Fund, together
with all earnings and profits thereon, less any payments or distributions made by the Trustee pursuant to
this Agreement. The Fund shall be held by the Trustee, IN TRUST, as hereinafter provided. The Trustee
shall not be responsible nor shall it undertake any responsibility for the amount or adequacy of, nor any
duty to collect from the Grantor, any payments necessary to discharge any liabilities of the Grantor
established by DEQ.

Section 4. Payment. The Trustee shall satisfy a claim by making payments from the Fund only
upon receipt of the following document:

(a) Certification from the Grantor that the claim should be paid. The certification must be worded
as follows:

Certification of Valid Claim

The undersigned, as Grantor, hereby certifies that the claim arising from closing,
providing post-closure care or required corrective action at Grantor's solid waste
land disposal site(s) should be paid in the amount of $____________________.

[Signature]

Grantor

Grantor shall provide the DEQ Director a copy of the certification in paragraph (a) of this section
concurrently with the submittal thereof to Trustee. Trustee shall not pay the claim until 30 days have
elapsed since the date of the Certification of Valid Claim and the DEQ Director shall not have objected in
writing to the payment within this period.

Section 5. Payments Comprising the Fund. Payments made to the Trustee for the Fund shall
consist of cash or securities acceptable to the Trustee.

Section 6. Trustee Management. The Trustee shall invest and reinvest the principal and
income, in accordance with general investment policies and guidelines which the Grantor may
communicate in writing to the Trustee from time to time, subject, however, to the provisions of this
section. In investing, reinvesting, exchanging, selling, and managing the Fund, the Trustee shall discharge
his/her duties with respect to the Fund solely in the interest of the Beneficiary and with the care, skill,
prudence, and diligence under the circumstance then prevailing which persons of prudence, acting in a
like capacity and familiar with such matters, would use in the conduct of an enterprise of a like character
and with like aims, except that:

(i) Securities or other obligations of the Grantor, or any other owner or operator of the
facilities, or any of their affiliates as defined in the Investment Company Act of 1940, as
amended, 15 U.S.C. 80a-2.(a), shall not be acquired or held unless they are securities or
other obligations of the Federal or a State government;

(ii) The Trustee is authorized to invest the Fund in time or demand deposits of the Trustee, to
the extent insured by an agency of the Federal or State government; and

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 (iii) The Trustee is authorized to hold cash awaiting investment or distribution uninvested for a
reasonable time and without liability for the payment of interest thereon.

Section 7. Commingling and Investment. The Trustee is expressly authorized in its discretion:

(a) To transfer from time to time any or all of the assets of the Fund to any common commingled,
or collective trust fund created by the Trustee in which the fund is eligible to participate, subject to all of
the provisions thereof, to be commingled with the assets of other trusts participating therein; and

(b) To purchase shares in any investment company registered under the Investment Company Act
of 1940, 15 U.S.C. 81a-1 et seq., including one which may be created, managed, underwritten, or to
which investment advice is rendered or the shares of which are sold by the Trustee. The Trustee may vote
such shares in its discretion.

Section 8. Express Powers of Trustee. Without in any way limiting the powers and discretions
conferred upon the Trustee by the other provisions of this Agreement or by law, the Trustee is expressly
authorized and empowered:

(a) To sell, exchange, convey, transfer, or otherwise dispose of any property held by it, by public
or private sale. No person dealing with the Trustee shall be bound to see to the application of the purchase
money or to inquire into the validity or expediency of any such sale or other disposition;

(b) To make, execute, acknowledge, and deliver any and all documents of transfer and
conveyance and any and all other instruments that may be necessary or appropriate to carry out the
powers herein granted;

(c) To register any securities held in the Fund in its own name or in the name of a nominee and to
hold any security in bearer form or in book entry, or to combine certificates representing such securities
with certificates of the same issue held by the Trustee in other fiduciary capacities, or to deposit or
arrange for the deposit of such securities in a qualified central depositary even though, when so deposited,
such securities may be merged and held in bulk in the name of the nominee of such depositary with other
securities deposited therein by another person, or to deposit or arrange for the deposit of any securities
issued by the United States Government, or any agency or instrumentality thereof, with a Federal Reserve
bank, but the books and records of the Trustee shall at all times show that all such securities are part of
the Fund;

(d) To deposit any cash in the Fund in interest-bearing accounts maintained or savings certificates
issued by the Trustee, in its separate corporate capacity, or in any other banking institution affiliated with
the Trustee, to the extent insured by an agency of the Federal or State government; and

(e) To compromise or otherwise adjust all claims in favor of or against the Fund.

Section 9. Taxes and Expenses. All taxes of any kind that may be assessed or levied against or
in respect of the Fund and all brokerage commissions incurred by the Fund shall be paid from the Fund.
All other expenses incurred by the Trustee in connection with the administration of this Trust, including
fees for legal services rendered to the Trustee, the compensation of the Trustee to the extent not paid
directly by the Grantor, and all other proper charges and disbursements of the Trustee shall be paid from
the Fund.

Section 10. Annual Valuations. The Trustee shall annually, at least 30 days prior to the
anniversary date of establishment of the Fund, furnish to the Grantor and to the DEQ Director a statement
confirming the value of the Fund. Any securities in the Fund shall be valued at market value -- as of no

TRUST FUND AGREEMENT (updated November 16, 2012)

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more than 60 days prior to the anniversary date of establishment of the Fund. The failure of the Grantor to
object in writing to the Trustee within 90 days after the statement has been furnished to the Grantor and
the DEQ Director shall constitute a conclusively binding assent by the Grantor barring the Grantor from
asserting any claim or liability against the Trustee with respect to matters disclosed in the statement.

Section 11. Advice of Counsel. The Trustee may from time to time consult with counsel, who
may be counsel to the Grantor with respect to any question arising as to the construction of this
Agreement or any action to be taken hereunder. The Trustee shall be fully protected, to the extent
permitted by law, in acting upon the advice of counsel.

Section 12. Trustee Compensation. The Trustee shall be entitled to reasonable compensation
for its services as agreed upon in writing from time to time with the Grantor.

Section 13. Successor Trustee. The Trustee may resign or the Grantor may replace the Trustee,
but such resignation or replacement shall not be effective until the Grantor has appointed a successor
trustee and this successor accepts the appointment. The successor trustee shall have the same powers and
duties as those conferred upon the Trustee hereunder. Upon the successor trustee's acceptance of the
appointment, the Trustee shall assign, transfer, and pay over to the successor trustee the funds and
properties then constituting the Fund. If for any reason the Grantor cannot or does not act in the event of
the resignation of the Trustee, the Trustee may apply to a court of competent jurisdiction for the
appointment of a successor trustee or for instructions. The successor trustee shall specify the date on
which it assumes administration of the trust in a writing sent to the Grantor, the DEQ Director, and the
present Trustee by certified mail 10 days before such change becomes effective. Any expenses incurred
by the Trustee as a result of any of the acts contemplated by this section shall be paid as provided in
Section 9.

Section 14. Instructions to the Trustee. All orders, requests, and instructions by the Grantor to
the Trustee shall be in writing, signed by such persons as are designated in the attached Schedule C or
such other designees as the Grantor may designate by amendments to Schedule C. The Trustee shall be
fully protected in acting without inquiry in accordance with the Grantor's orders, requests, and
instructions. All orders, requests, and instructions by the DEQ Director to the Trustee shall be in writing,
signed by the DEQ Director or his/her designees, and the Trustee shall act and shall be fully protected in
acting in accordance with such orders, requests, and instructions. The Trustee shall have the right to
assume, in the absence of written notice to the contrary, that no event constituting a change or a
termination of the authority of any person to act on behalf of the Grantor or DEQ hereunder has occurred.
The Trustee shall have no duty to act in the absence of such orders, requests, and instructions from the
Grantor and/or DEQ, except as provided for herein.

Section 15. Notice of Nonpayment. If a payment is made under Section 4 of this Agreement,
the Trustee shall notify the Grantor of such payment and the amount(s) thereof within five (5) working
days. The Grantor shall, on or before the anniversary date of the establishment of the Fund following such
notice, either make payments to the Trustee in amounts sufficient to cause the Fund to return to its value
immediately prior to the payment of claims under Section 4, or shall provide written proof to the Trustee
that other financial assurance for liability coverage has been obtained equaling the amount necessary to
return the Fund to its value prior to the payment of claims. If the Grantor does not either make payments
to the Trustee or provide the Trustee with such proof, the Trustee shall within 10 working days after the
anniversary date of the establishment of the Fund provide a written notice of nonpayment to the DEQ
Director.

Section 16. Amendment of Agreement. This Agreement may be amended by an instrument in

writing executed by the Grantor, the Trustee, and the DEQ Director, or by the Trustee and the DEQ
Director if the Grantor ceases to exist.

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 Section 17. Irrevocability and Termination. Subject to the right of the parties to amend this
Agreement as provided in Section 16, this Agreement shall be irrevocable and shall continue until
terminated in writing by the Grantor, the Trustee, and the DEQ Director, or by the Trustee and the DEQ
Director, if the Grantor ceases to exist. Upon termination of this Agreement, all remaining Fund property,
less final Fund administration expenses, shall be delivered to the Grantor. The DEQ Director will agree
to termination of this Agreement when the Grantor substitutes alternate financial assurance as specified
by Division [94 or 95] of OAR, Chapter 340.

Section 18. Immunity and Indemnification. The Trustee shall not incur any liability of any
nature in connection with any act or omission, made in good faith, in the administration of this
Agreement, or in carrying out any directions by the Grantor or the DEQ Director issued in accordance
with this Agreement. The Trustee shall be indemnified and saved harmless by the Grantor from and
against any and all liability to which the Trustee may be subjected by reason of any act or conduct in its
official capacity, including all expenses reasonably incurred in its defense in the event the Grantor fails to
provide such defense; provided however that the Trustee shall not be entitled to be indemnified for any
liability arising from its own gross negligence or willful misconduct or the gross negligence or willful
misconduct of its officers, employees or agents.

Section 19. Choice of Law. This Agreement shall be administered, construed, and enforced
according to the laws of the State of Oregon.

Section 20. Interpretation. As used in this Agreement, words in the singular include the plural
and words in the plural include the singular. The descriptive headings for each section of this Agreement
shall not affect the interpretation or the legal efficacy of this Agreement.

In Witness Whereof the parties have caused this Agreement to be executed by their respective
officers duly authorized and attested as of the date first above written.

GRANTOR:

[insert name and corporate status of Permittee]

By: ____________________________________________________________________
Signature Printed Name
Title: __________________

Attest: __________________________________________________________________
Signature Printed Name
Title: __________________

TRUSTEE:

[insert name of Corporate or Bank Trustee]

By: ____________________________________________________________________
Signature Printed Name
Title: ___________________

Attest: _________________________________________________________________
Signature Printed Name
Title: ___________________

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ACKNOWLEDGED:

STATE OF OREGON, acting by and through the

DEPARTMENT OF ENVIRONMENTAL QUALITY

By: ____________________________________________________________________
Signature Printed Name
Title: __________________

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 SCHEDULE A

Facility Name: [insert name of Facility]

Facility Address: [insert address of Facility]

DEQ Solid Waste Permit Number/s:

[insert solid waste permit number/s for the Facility or
Facilities]

Current Closure Cost Estimate/s: [insert]

Current Post-Closure Cost Estimate/s: [insert]

Current Corrective Action Cost Estimate/s: [insert]

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 SCHEDULE B

Type of Financial Instrument: Trust Fund

Executed by: [insert name and address of Corporate or

Bank Trustee]

Date of Trust Fund Execution: [insert the date]

Trust Fund Account Number: [insert number]

Trust Fund Amount: [insert amount]

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 SCHEDULE C

GRANTOR

Name: __________________________________________

Title: __________________________________________

Signature: __________________________________________

Name: __________________________________________

Title: __________________________________________

Signature: __________________________________________

BENEFICIARY

Name: __________________________________________

Title: __________________________________________

Signature: __________________________________________

(Director or Designee – Regional DA)

Name: __________________________________________

Title: __________________________________________

Signature: __________________________________________

(Financial Services Manager)

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