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WACHOVIA <br /> Wachovia Bank of North Carolina,N.A. <br /> 301 North Main Street <br /> Winston-Salem,NC 27150-3099 <br /> 6 <br /> March 16, 1993 <br /> Mr. Ken Chavious <br /> Finance Director <br /> County of Orange <br /> Orange County Government Services Center <br /> 200 S. Cameron <br /> Hillsborough, North Carolina 27278 <br /> Dear Ken: <br /> Wachovia is pleased to be providing financial advisory services to the County on its General <br /> Obligation Refunding Bonds, Series 1993. Wachovia will also be invited by the Local <br /> Government Commission to bid on your bonds when they are offered for sale. The Municipal <br /> Securities Rulemaking Board, the municipal bond industry's self-regulating board, requires that <br /> the issuer consent in writing prior to the sale date that the advisor may bid on the bonds at <br /> competitive sale. The County, by this letter, acknowledges that Wachovia may through the <br /> competitive bidding process acquire as principal or as a participant in a syndicate of <br /> underwriters, all or a portion of the County's bonds including those upon which Wachovia has <br /> rendered financial advice. The County by this letter expressly consents to Wachovia's <br /> participation in the bidding and possible purchase as principal of the County's bonds. <br /> Again, Wachovia appreciates the opportunity to serve the County and we look forward to the <br /> successful sale and closing of the bonds. <br /> Sincerely, County of Orange, North Carolina <br /> 16 ),„.1 )1/4, )111, <br /> Richard M. Marvin By: <br /> Senior Vice President/Manager <br /> Public Finance Its: Finance Director <br /> Attest: <br /> WP1206.msc <br />