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FORM OF ASSIGNMENT: <br />ASSIGNMENT <br />FOR VALUE RECEIVED, the undersigned Registered Owner of this Bond, or duly <br />authorized representative or attorney thereof, hereby sells, assigns and transfers this Bond and all <br />rights hereunder unto <br />(Assignee's Social Security or <br />Taxpayer Identification Number) <br />(Please print or typewrite Assignee's name and address, <br />including zip code) <br />and hereby irrevocably constitutes and appoints <br />attorney to transfer the registration of this Bond on the Paying Agent/Registrar's Registration Books <br />with full power of substitution in the premises. <br />Dated: <br />Signature Guaranteed: <br />NOTICE: Signature(s) must be guaranteed by <br />a member firm of the New York Stock <br />Exchange or a commercial bank or trust <br />company. <br />NOTICE: The signature above must <br />correspond with the name of the Registered <br />Owner as it appears upon the front of this <br />Bond in every particular, without alteration or <br />enlargement or any change whatsoever. <br />INSERTIONS FOR THE INITIAL BONDS <br />(i) The initial Current Interest Bonds shall be in the form set forth in this Exhibit, except that: <br />A. immediately under the name of the Bond, the headings "INTEREST RATE" and <br />"MATURITY DATE" shall both be completed with the words "As shown below" and <br />"CUSIP NO." shall be deleted. <br />B. the first paragraph shall be deleted and the following will be inserted: <br />"ON THE MATURITY DATE SPECIFIED ABOVE, the City of San Marcos, Texas (the <br />"Issuer "), being a political subdivision, hereby promises to pay to the Registered Owner specified <br />above, or registered assigns (hereinafter called the "Registered Owner "), on * in each of <br />*To be completed as determined in the Pricing Certificate. <br />San Marcos GORB 2011 - Delegated: Ordinance 16 <br />