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TRUST JOINDER AGREEMENT FOR PARTICIPATING EMPLOYERS UNDER EXHIBIT VIRGINIA POOLED OPEB TRUST FUND THIS TRUST JOINDER AGREEMENT is made by and between the Board of Trustees of the Portsmouth Supplemental Retirement System (herein referred to as the "Local Finance Board ") of the City of Portsmouth, Virginia (herein referred to as the "Participating Employer "), and the Board of Trustees (herein collectively referred to as the "Trustees ") of the Virginia Pooled OPEB Trust Fund (herein referred to as the "Trust Fund "). WITNESSETH: WHEREAS, the Participating Employer provides post - employment benefits other than pensions (herein referred to as "Other Post - Employment Benefits "), as defined in section 15.2- 1545 of the Virginia Code, for Employees and Beneficiaries; and WHEREAS, the governing body of the Participating Employer desires to establish a trust for the purpose of accumulating and investing assets to fund Other Post - Employment Benefits as it may appropriate; and WHEREAS, the governing body of the Participating Employer has adopted an ordinance and/or resolution (a certified copy of which is attached hereto as Exhibit A) to authorize participation in the Virginia Pooled OPEB Trust Fund and establish a Local Finance Board, and, pursuant to Virginia Code § 15.2 -1547, has directed the Local Finance Board to enter into this Trust Joinder Agreement; and WHEREAS, the Trust Fund, in accordance with the terms of the Virginia Pooled OPEB Trust Fund Agreement (the "Agreement "), provides administrative, custodial and investment services to the Participating Employers in the Trust Fund; and WHEREAS, the Local Finance Board, upon the direction of the governing body of Portsmouth, Virginia, desires to submit this Trust Joinder Agreement to the Trustees to enable the City of Portsmouth, Virginia, to become a Participating Employer in the Trust Fund and a party to the Agreement. NOW, THEREFORE, in consideration of the mutual covenants and agreements flowing to each of the parties hereto, it is agreed as follows: 1. Pursuant to the Board of Trustees' acceptance of this Trust Joinder Agreement, the City of Portsmouth, Virginia, is a Participating Employer in the Trust Fund, as provided in the Agreement, and the Local Finance Board is authorized to enter into this Trust Joinder Agreement, and to represent and vote the beneficial interest of Portsmouth, Virginia, in the Trust Fund in accordance with the Agreement. 2. Capitalized terms not otherwise defined in this Trust Joinder Agreement have the meaning given to them under the Agreement.