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The Company and the Trustee may deem and treat the person in whose name this • <br />Bond will be registered on the Bond Register as the absolute owner hereof for the <br />purpose of receiving payment of or on account of principal hereof and interest due hereon <br />and for all other purposes and neither the Company nor the Trustee will be affected by <br />any notice to the contrary, except that interest payments will be made to the persons <br />shown as Owners on the Trustee's registration books at the close of business on the 1 Sth <br />day (whether or not a business day) (the "Record Date") preceding each Payment Date. <br />All acts, conditions and things required by the Constitution and laws of the State <br />of North Carolina to happen, exist or be performed precedent to and in the execution and <br />delivery of this Bond have happened, exist and have been performed. <br />This Bond will not be entitled to any benefit under the Trust Agreement or be <br />valid or obligatory for any purpose until the Trustee will have executed the Bond of <br />Authentication appearing hereon. <br />IN WITNESS WHEREOF, the Company has caused this Bond to signed by its <br />President, its seal to be affixed hereto and attested by its Secretary, and this Bond to be <br />dated December 21, 2010. <br />ATTEST: (SEAL) ORANGE COUNTY PUBLIC • <br />FACILITIES COMPANY <br />[name] [name] <br />Secretary President <br />CERTIFICATE OF AUTHENTICATION <br />This Bond is one of the Bonds referred to in the within-mentioned Trust <br />Agreement. <br />Date of Authentication: <br />THE BANK OF NEW YORK <br />MELLON TRUST COMPANY, N.A., <br />as Trustee <br />By: <br />Authorized Officer <br /> <br />41 <br />