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BK:00026 PG - 0858 <br />be paid on the proposed bonds over the expected term of the bonds, if issued, is $13,225,000. <br />The estimate is preliminary, is for general informational purposes only, and may differ from the <br />actual interest paid on such bonds. Such statement of estimated interest includes certain <br />assumptions upon which such estimate is based, and there is no assurance that the circumstances <br />included in such assumptions will occur. The validity of the proposed bonds is not subject to <br />challenge on the grounds that the actual interest cost on the bonds when issued is different than <br />the estimated interest amount set forth above. <br />By: Gaynell M. Lee <br />Clerk to the Board of Commissioners <br />County of Lee, North Carolina <br />3 <br />