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Attachment 3 <br />Summary of Terms and Conditions 07# <br />Orange County, NC <br />DAVENPORT & COMPANY LLC <br />Bank of America Public Capital Corp. <br />nC e <br />� <br />BB&T <br />T <br />Capital One <br />ai <br />It <br />Sun Trust <br />sLI ,&US` '. <br />1 2 <br />A B C D <br />A B C D <br />Al B-1 A2 B2 <br />NTEAmount <br />2,550,753 <br />10,000,000 11,500,000 10,000,000 11,500,000 <br />10,000,000 11,500,000 10,000,000 11,500,000 <br />10,000,000 11,500,000 10,000,000 11,500,000 <br />Bank Qualification <br />BQ NBQ <br />BQ NBQ BQ NBQ <br />BQ NBQ BQ NBQ <br />BQ NBQ BQ NBQ <br />Term <br />59 months <br />15 Years 20 Years <br />15 Years 20 Years <br />15 Years <br />Final Maturity <br />5/13/2018 <br />6/1/2028 6/1/2033 <br />6/1/2028 6 /1/2033 <br />6/1/2028 <br />Interest Rate <br />1.0994% 1.1635% <br />2.4601/o 3.080% 3.490% 3.9401/o <br />2.380% 2.970% <br />1.8501/o 1.91% 2.0501/o 2.11% <br />Interest Mode <br />Fixed through maturity <br />Fixed through maturity <br />Fixed through maturity <br />Fixed through maturity <br />Optional Call Provisions <br />After 30 months at par <br />- -n =at 1 %OR non - callable for fast half and par <br />Yrs 1 -5= non - callable, Yrs 1 -7= non - callable, <br />Make Whole Call Callable at Par <br />thereafter <br />Yrs 67 =103 %, Yrs 8 -10 =103 %, <br />Yrs 8 -10 =102 %, Years 11+ =par <br />Years 11+ –par <br />Bank / Legal Fees <br />None stated <br />$5,700 <br />None <br />$7,500 <br />Security <br />All Equipment Financed <br />T_ _,. <br />Deed of Trust in Southern Human Services and North <br />Deed of Trust in Southern Human Services and North <br />Administrative Building <br />Administrative Building <br />Offer Expiration <br />Must close by June 152013, = °_ r r �, _– <br />Must close within 45 Days (-6/27) <br />Must close by June 142013 � - r __ <br />Must close within 40Days(--6/21) � a -- <br />Other <br />Borrower will indemnify lender only as to actions or <br />Subject to completion of due diligence; proceeds to be <br />Res ery e the right to have trans action rated at the Bank's <br />Determination of Taxability could result in penalty <br />orms s ions ofborrower on an after-taxbas is agains t <br />held at BB &T. <br />expense. <br />payments due to the bank, Lender will perform <br />any loss ofFedeml income tax exemption on a lump <br />Environmental Ass essment; Hunton & Williams will <br />sumbasis. <br />serve as Bank Counsel <br />Subject to completion of due diligence <br />Subject to completion of due diligence <br />DAVENPORT & COMPANY LLC <br />