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<br />/3'10 <br /> <br />The security evidenced hereby was issued and delivered <br />without registration under the Securities Act of 1933, as amended, <br />or any other applicable securities laws, in reliance upon the <br />availability of an appropriate exemption from any registration <br />otherwise required and the representation of the purchaser that it <br />is a sophisticated investor and that the security was being <br />acquired solely for investment and not with a view to distribution <br />or resale. Said security shall not be sold, pledged, <br />hypothecated, donated, or otherwise transferred, whether or not <br />for consideration, by the purchaser except upon the issuance to <br />the Trustee and the City of a favorable opinion of counsel, and/or <br />submission to the Trustee and the City of such other evidence as <br />may be satisfactory to them, in either case, to the effect that <br />any such transfer shall not be in violation of the Securities Act <br />of 1933, as amended, or any other applicable securities laws. <br /> <br />PROVISIONS AS TO REGISTRATION <br /> <br />This Bond is registered at the principal corporate trust office of <br />the First National Bank in Boulder, as Registrar, in the name of <br />the owner listed below, and the principal balance remaining on the <br />Bond and interest thereon shall be payable only to such owner. No <br />transfer of this Bond shall be valid unless made on the Bond <br />Register at the request of the Registered Holder or attorney duly <br />authorized, and unless such transfer is similarly noted in the <br />registration blanks below. <br /> <br />Date of <br />Registration <br /> <br />Name and Address <br />of Registered Owner <br /> <br />First National Bank in <br />Boulder <br />P.O. Box 59 <br />Boulder, Colorado 80306 <br /> <br />Signature of <br />Registrar <br /> <br />END OF FORM OF BOND <br /> <br />- 11 - <br />