February 8, 2023
Addressees listed on
Schedule I attached hereto
Re: Notice of Resignation
Ladies and Gentlemen:
Reference is made to that certain DEPOSIT AND DISBURSEMENT AGREEMENT, dated as of March 28, 2012 (as amended, supplemented, amended and restated, or otherwise modified from time to time the “Deposit Agreement”) by and among Stadium Funding Trust, Santa Clara Stadium Authority, Forty Niners SC Stadium Company LLC, Goldman Sachs Bank USA, US Bank National Association, and Bank of America, N.A.
Bank of America, N.A. has made a strategic decision to exit all aspects of the Global Custody and Agency Services line of business including escrow and depositary agent roles.
Pursuant to the Deposit Agreement, you are hereby notified that Bank of America, N.A. resigns as Depositary Bank, effective March 27, 2023.
Please appoint a successor Depositary Bank and provide instructions to deliver all assets in the Accounts to the successor Depositary Bank.
Please contact
with any questions.
Regards,
____________________________
Vice President
Bank of America, National Association, as Depositary Bank
Schedule I
Addressees
Collateral Agent (US Bank)
Christopher Grell, Vice President [email protected]
Stadium Funding Trust (Wilmington Trust - Trustee)
Steven Barone, Vice President [email protected]
Santa Clara Stadium Authority
Kenn Lee, Treasurer, [email protected]
Forty Niners SC Stadium Company LLC
Peter Wilhelm, CFO, San Francisco 49ers [email protected] Jeff Fong, Executive VP of Finance, San Francisco 49ers [email protected] Darren Wong, Senior Director of Accounting, [email protected]>