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8 <br />EXHIBIT A -Form of Bonds <br />REGISTERED REGISTERED <br />Number R-X <br />UNITED STATES OF AMERICA <br />STATE OF NORTH CAROLINA <br />ORANGE COUNTY <br />General Obligation Refunding Bond, Series 2010 <br />INTEREST RATE MATURITY DATE DATED DATE CUSIP <br /> February 1, 20XX , 2010 684 609 XXX <br />REGISTERED OWNER: *****CEDE & CO.***** <br />PRINCIPAL AMOUNT: * * * * THOUSAND DOLLARS <br />($ ,000)*** <br />ORANGE COUNTY, NORTH CAROLINA (the "County"), for value received, <br />promises to pay to the registered owner hereof, or registered assigns or legal <br />representative, the principal amount stated above on the maturity date stated above, <br />subject to prior, redemption as described herein, and to pay interest on this Bond <br />semiannually on each February 1 and August 1, beginning August 1, 2010, at the annual <br />rate stated above. Interest is payable (a) from the dated date stated above, if this Bond is <br />authenticated prior to August 1, 2010, or (b) otherwise from the February 1 or August 1 <br />that is, or immediately precedes, the .date on which this Bond is authenticated (unless <br />payment of interest hereon is in default, in which case this Bond will bear interest from <br />the date to which interest has been paid). Principal and interest are payable in lawful <br />money of the United States of America. <br />This Bond is one of an issue of the County's $ General Obligation <br />Refunding Bonds, Series 2010 (the "Bonds"), of like date and tenor, except as to number, <br />denomination, rate of interest, privilege of redemption and maturity. The Bonds are <br />issued pursuant to a resolution adopted by the County's governing Board of <br /> <br />