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II, <br /> EXHIBIT B <br /> $% 800 , 000 <br /> Orange County, North Carolina <br /> Limited Obligation Bonds , Series 2024A <br /> ISSUE PRICE CERTIFICATE <br /> The undersigned, on behalf of Robert W . Baird & Co . Incorporated ("Baird") , on behalf of itself <br /> and FHN Financial Capital Markets (together, the "Underwriting Group ") , hereby certifies as set forth <br /> below with respect to the sale and issuance of the above -captioned obligations (the "Bonds") . <br /> 1 . Sale of the General Rule Maturities . As of the date of this certificate, for each Maturity <br /> of the General Rule Maturities , the first price at which at least 10 % of such Maturity of the Bonds was sold <br /> to the Public is the respective price listed in Schedule A . <br /> 2 . Initial Offering Price of the Hold4he- Offering Price Maturities . <br /> (a) The Underwriting Group offered the Hold-the- Offering-Price Maturities to the Public for <br /> purchase at the respective initial offering prices listed in Schedule A (the "Initial Offering Prices ") on or <br /> before the Sale Date . A copy of the pricing wire or equivalent communication for the Bonds is attached to <br /> this certificate as Schedule B . <br /> (b) As set forth in the Bond Purchase Agreement, the members of the Underwriting Group <br /> have agreed in writing that, (1) 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 than the Initial <br /> Offering Price for such Maturity during the Holding Period for such Maturity (the "hold-the -offering-price <br /> rule") , and (ii) any selling group agreement shall contain the agreement of each dealer who is a member of <br /> the selling group , and any retail distribution agreement shall contain the agreement of each broker- dealer <br /> who is a party to the retail distribution agreement, to comply with the hold-the- offering-price rule . Baird <br /> has not offered or sold any Maturity of the Bonds at a price that is higher than the respective Initial Offering <br /> Price for that Maturity of the Bonds during the Holding Period. Each of the other members of the <br /> Underwriting Group and each selling group member has represented that it would not offer or sell any <br /> Maturity of the Hold the - Offering-Price Maturities at a price that is higher than the respective Initial <br /> Offering Price for that Maturity of the Bonds during the Holding Period . <br /> I Defined Terms . <br /> (a) General Ride Maturities means those Maturities of the Bonds listed in Schedule A hereto <br /> as the " General Rule Maturities . " <br /> (b) Hold- the- Offering-Price Maturities means those Maturities of the Bonds listed in Schedule <br /> A hereto as the "Hold-the -Offering-Price Maturities . " <br /> (c) Holding Period means , with respect to a Hold-the- Offering-Price Maturity, the period <br /> starting on the Sale Date and ending on the earlier of (1) the close of the fifth business day after the Sale <br /> Date (June 6 , 2024) , or (ii) the date on which the Underwriters have sold at least 10 % of such Hold-the- <br /> Offering-Price Maturity to the Public at prices that are no higher than the Initial Offering Price for such <br /> Hold-the- Offering-Price Maturity . <br /> (d) Issuer means Orange County, North Carolina . <br /> B - 1 <br />