Transfer of Bonds

Any Bond may, in accordance with its terms, be transferred, upon the books required to be kept pursuant to the provisions of § 2.06, by the person in whose name it is registered, in person or by such registered owner’s duly authorized attorney, upon surrender of such Bond for cancellation at the Principal Office of the Registrar accompanied by delivery of a written instrument of transfer, duly executed in a form approved by the Registrar. Whenever any Bond or Bonds shall be surrendered for transfer, the Government shall execute and the Registrar shall authenticate and deliver a new fully registered Bond or Bonds of the same Series, maturity and tenor, of any authorized denomination or denominations and for the aggregate principal amount of such Bond or Bonds then remaining Outstanding, to the transferee in exchange therefor. The Registrar shall require the payment by the Bondholder requesting such transfer of any tax or other governmental charge required to be paid with respect to such transfer, and may collect from the Government a charge equal to the customary fee charged by the Registrar for such transfers. No transfer of any Bond shall be required during the five days next preceding any date established by the Trustee for the selection of Bonds for redemption or a any time after selection of such Bond for redemption.