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EXHIBIT D <br /> REFUNDING NOTICE <br /> Orange County, North Carolina <br /> Orange County Public Facilities Company <br /> Limited Obligation Bonds, Series 2012 <br /> TAKE NOTICE that Orange County, North Carolina (the "County"), has <br /> elected to redeem and will redeem on October 1, 2022, all of the outstanding Bonds <br /> of the above-referenced issue that mature on and after . These Bonds will <br /> be redeemed at a redemption price equal to the principal amount thereof. <br /> The Bonds maturing October 1 in the years 2021 and 2022 are not being <br /> refunded or defeased and will be paid in the ordinary course. <br /> The CUSIP numbers and other details of the Bonds to be redeemed are as <br /> follows: <br /> Principal Redemption Interest <br /> CUSIP MatuEfty Date Amount f$1 Price* Rate Zol <br /> 100.000 <br /> 100.000 <br /> 100.000 <br /> *As a percentage of par. <br /> The CUSIP numbers listed above are included solely for the convenience of <br /> the Bondowners. Neither the County nor the Escrow Agent (as identified below) is <br /> 14 <br />