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CERTIFICATE OF LOCAL GOVERNMENT COMMISSION <br /> This Bond has been approved by <br /> the North Carolina Local Government <br /> Commission in accordance with the <br /> Local Government Bond Act. <br /> [Sample only- do not sign? <br /> T. Vance Holloman <br /> Secretary, Local Government Commission <br /> TRANSFER OF BOND <br /> Transfer of this Bond may be registered by the registered owner or its duly <br /> authorized attorney upon presentation to the Registrar, who will note the transfer in books <br /> kept by the Registrar for that purpose and in the registration blank below. <br /> Name of New <br /> Date of Re-registration Registered Owner Signature of Registrar <br /> [[$15,500,0001 General Obligation Refunding Bond, Series 20151 <br /> of Orange County, North Carolina] <br /> 8 <br />