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<br />B-2
<br />Owner hereof at the Registered Owner’s address as it appears on the registration books
<br />of the Trustee as of the close of business on the fifteenth day of the month preceding
<br />each Interest Payment Date (a “Record Date”), or, upon written request filed with the
<br />Trustee as of such Record Date by a registered owner of at least $1,000,000 in
<br />aggregate principal amount of Bonds, by wire transfer in immediately available funds to
<br />an account in the United States designated by such registered owner in such written
<br />request.
<br />
<br />This Bond is not a debt of the City of San Leandro (the “City”), the County of
<br />Alameda, the State of California, or any of its political subdivisions, and neither the City,
<br />said County, said State, nor any of its political subdivisions, is liable hereon nor in any
<br />event shall this Bond be payable out of any funds or properties of the Authority other
<br />than the Revenues.
<br />
<br />This Bond is one of a duly authorized issue of bonds of the Authority designated
<br />as the “San Leandro Public Financing Authority 2018 Lease Revenue Bonds” (the
<br />“Bonds”), in an aggregate principal amount of $_________, all of like tenor and date
<br />(except for such variation, if any, as may be required to designate varying numbers,
<br />maturities, interest rates or redemption provisions) and all issued under the provisions of
<br />Article 4 of Chapter 5, Division 7, Title 1 of the Government Code of the State of
<br />California, commencing with Section 6584 of said Code, and under an Indenture of
<br />Trust, dated as of December 1, 2016, between the Authority and the Trustee, as
<br />supplemented and amended by a First Supplemental Indenture of Trust, dated as of
<br />December 1, 2018, between the Authority and the Trustee (as so supplemented and
<br />amended, the “Indenture”) and a resolution of the Authority adopted on ______, 2018
<br />authorizing the issuance of the Bonds. Reference is hereby made to the Indenture
<br />(copies of which are on file at the office of the Authority) for a description of the terms on
<br />which the Bonds are issued, the provisions with regard to the nature and extent of the
<br />Revenues, and the rights thereunder of the owners of the Bonds and the rights, duties
<br />and immunities of the Trustee and the rights and obligations of the Authority thereunder,
<br />to all of the provisions of which the Registered Owner of this Bond, by acceptance
<br />hereof, assents and agrees.
<br />
<br />The Bonds have been issued by the Authority to finance certain capital
<br />improvement projects of the City. This Bond and the interest and premium, if any,
<br />hereon are special obligations of the Authority, payable from the Revenues, and
<br />secured by a charge and lien on the Revenues as defined in the Indenture, consisting
<br />principally of lease payments made by the City under a Lease Agreement dated as of
<br />December 1, 2016, between the Authority, as lessor, and the City, as lessee, as
<br />amended by a First Amendment to Lease Agreement, dated as of December 1, 2018,
<br />between the Authority, as lessor, and the City, as lessee (as so amended, the “Lease”).
<br />As and to the extent set forth in the Indenture, all of the Revenues are exclusively and
<br />irrevocably pledged in accordance with the terms hereof and the provisions of the
<br />Indenture, to the payment of the principal of and interest and premium (if any) on the
<br />Bonds and the $14,125,000 initial principal amount of San Leandro Public Financing
<br />Authority 2016 Refunding Lease Revenue Bonds issued by the Authority on December
<br />1, 2016 (the “2016 Bonds”).
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<br />The rights and obligations of the Authority and the owners of the Bonds may be
<br />modified or amended at any time in the manner, to the extent and upon the terms
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