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EXHIBIT A - Form of Bonds <br />REGISTERED REGISTERED <br />Number R-X <br /> <br />UNITED STATES OF AMERICA <br />STATE OF NORTH CAROLINA <br /> <br />ORANGE COUNTY <br /> <br />General Obligation School Bond, Series 2018 <br />INTEREST RATE MATURITY DATE DATED DATE CUSIP _______ % August 1, ____ July 12, 2018 684 609 XXX <br />REGISTERED OWNER: *****CEDE & CO.***** <br /> <br />PRINCIPAL AMOUNT: **** _________ THOUSAND DOLLARS <br /> ($_____,000)*** <br />ORANGE COUNTY, NORTH CAROLINA (the "County"), for value received, promises to pay to the registered owner of this Bond, or registered assigns or legal representative, the principal amount stated above on the maturity date stated above, subject to prior redemption as described below, and to pay interest on this Bond semiannually on each August 1 and February 1, beginning February 1, 2019, at the annual rate stated above (calculated on the basis of a 360-day year consisting of twelve 30-day months). Interest is payable (a) from the dated date stated above, if this Bond is authenticated prior to February 1, 2019, or (b) otherwise from the February 1 or August 1 that is, or immediately precedes, the date on which this Bond is authenticated (unless payment of interest on this Bond is in default, in <br />10