Terms of 1997 Series A Bonds

(A)An initial Series of Bonds to be issued under this Indenture is hereby created, and such Bonds are designated as the “Government of Guam Limited Obligation Infrastructure Improvement Bonds, 1997 Series A.” The aggregate principal amount of 1997 Series A Bonds which may be issued and COL4/6/2022 CH. 22 GENERAL FISCAL POLICIES AND CONTROLS Outstanding under this Indenture shall not exceed ________________________________Dollars ($___________).

(B)The 1997 Series A Bonds shall be dated as of_______, 1997, and interest thereon shall be payable on each Interest Payment Date. The 1997 Series A Bonds shall be issued only in fully registered form in denominations of 15,000 or any integral multiple thereof, shall mature on the Principal Payment Date in each of the following years in the following amounts and shall bear interest at the following rates per annum: Year Principal Amount Rate Interest The principal or Redemption Price of the 1997 Series A Bonds shall be payable in lawful money of the United States of America upon surrender thereof at the Principal Office of the Trustee. The 1997 Series A Bonds of each maturity shall be designated numerically or alphabetically by the direction of the Trustee. Each 1997 Series A Bond shall bear interest, computed on the basis of a 360-day year of twelve 30-day months, from the interest payment date next preceding the date of registration thereof unless it is registered as of a day during the period from the fourteenth day next preceding any interest payment date to such interest payment date, inclusive, in which event it shall bear interest from such interest payment date, or unless it is registered on or prior to ________, in which event it shall bear interest from its date; provided, however, that if, at the time of registration of any 1997 Series A Bond, interest is in default on Outstanding Bonds, such Bond shall bear interest from the date to which interest has previously been paid or made available for payment on the Outstanding Bonds. Payment of the interest on any Bond shall be made to the person whose name appears on the bond registration books of the Registrar as the registered owner thereof as of the close of business on the fifteenth day immediately preceding an interest payment date, whether or not such day is a Business Day, such interest to be paid by check or draft mailed to such registered owner at such registered owner’s address as it appears on such registration books. COL4/6/2022 CH. 22 GENERAL FISCAL POLICIES AND CONTROLS The Bonds shall be subject to redemption as provided in Article IV.