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10 <br />REGISTERED <br />Number R -X <br />EXHIBIT A - Form of Bonds <br />UNITED STATES OF AMERICA <br />STATE OF NORTH CAROLINA <br />ORANGECOUNTY <br />REGISTERED <br />General Obligation School Bond, Series 2018 <br />INTEREST RATE <br />MATURITY DATE <br />DATED DATE <br />CUSIP <br />% <br />August 1, _ <br />July 12, 2018 <br />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 of this Bond, or registered assigns or legal <br />representative, the principal amount stated above on the maturity date stated <br />above, subject to prior redemption as described below, and to pay interest on this <br />Bond semiannually on each August 1 and February 1, beginning February 1, 2019, at <br />the annual rate stated above (calculated on the basis of a 360 -day year consisting of <br />twelve 30 -day months). Interest is payable (a) from the dated date stated above, if <br />this Bond is authenticated prior to February 1, 2019, or (b) otherwise from the <br />February 1 or August 1 that is, or immediately precedes, the date on which this <br />Bond is authenticated (unless payment of interest on this Bond is in default, in <br />