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76 <br /> EXHIBIT B <br /> Orange County, North Carolina <br /> Limited Obligation Bonds, Series 2019 <br /> ISSUE PRICE CERTIFICATE <br /> The undersigned, FTN Financial Capital Markets, on behalf of itself and as representative <br /> (the "Representative") of Robert W. Baird & Co. Incorporated (together, the "Underwriting <br /> Group"), hereby certifies as set forth below with respect to the sale and issuance of the above- <br /> captioned obligations (the "Bonds"). <br /> 1. Sale of the General Rule Maturities. As of the date of this certificate, for each <br /> Maturity of the General Rule Maturities, the first price at which at least 10% of such Maturity of <br /> the Bonds was sold to the Public is the respective price listed in Schedule A. <br /> 2. Initial Offering Price of the Hold-the-Offering-Price Maturities. <br /> (a) The Underwriting Group offered the Hold-the-Offering-Price Maturities to the <br /> Public for purchase at the respective initial offering prices listed in Schedule A (the "Initial <br /> Offering Prices") on or before the Sale Date. A copy of the pricing wire or equivalent <br /> communication for the Bonds is attached to this certificate as Schedule B. <br /> (b) As set forth in the Bond Purchase Agreement, the Underwriting Group has agreed <br /> in writing that, (i) for each Maturity of the Hold-the-Offering-Price Maturities, they would <br /> neither offer nor sell any of the Bonds of such Maturity to any person at a price that is higher <br /> than the Initial Offering Price for such Maturity during the Holding Period for such Maturity(the <br /> "hold-the-offering-price rule"), and (ii) any selling group agreement shall contain the agreement <br /> of each dealer who is a member of the selling group, and any retail distribution agreement shall <br /> contain the agreement of each broker-dealer who is a party to the retail distribution agreement, to <br /> comply with the hold-the-offering-price rule. The Underwriting Group has not offered or sold <br /> any Maturity of the Bonds at a price that is higher than the respective Initial Offering Price for <br /> that Maturity of the Bonds during the Holding Period. <br /> 3. Defined Terms. <br /> (a) General Rule Maturities means those Maturities of the Bonds listed in Schedule <br /> A hereto as the"General Rule Maturities." <br /> (b) Hold-the-Offering-Price Maturities means those Maturities of the Bonds listed in <br /> Schedule A hereto as the "Hold-the-Offering-Price Maturities." <br /> (c) Holding Period means, with respect to a Hold-the-Offering-Price Maturity, the <br /> period starting on the Sale Date and ending on the earlier of(i) the close of the fifth business day <br /> after the Sale Date (May , 2019), or(ii) the date on which the Underwriting Group has sold at <br /> least 10% of such Hold-the-Offering-Price Maturity to the Public at prices that are no higher <br /> than the Initial Offering Price for such Hold-the-Offering-Price Maturity. <br /> B-1 <br />