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Mixed Waste Processing Update <br />for Orange County, NC <br />ORANGE COUNTY <br />NORTE.I CAM- IL .INA <br />Project Building Blocks <br />Political Wil <br />'am <br />ORANGE COUNTY <br />NURni CARI]L INA <br />Example Contract Structure <br />Bondholders <br />Public Sector <br />IDA Haulers <br />WSA <br />Debt/ <br />Owner /Operator <br />Parent <br />Equity <br />DA <br />Disposal <br />OA <br />Permit <br />Permitting <br />agencies <br />Fuel and Energy <br />M a rkets <br />SOLID WASTE <br />MANAGEMENT <br />CONSULTANTS <br />March 30, 2016 <br />Gershman, Brickner & Bratton, Inc. 11 <br />