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I $3- t~~1~b~'a date on this Bond, the interest rate shall be deemed to be the interest rate for the fourth day prior to such final interest payment-date. Both principal of and interest on this Bond are payable in lawful money of the United States of America. Principal on this Bond is payable at the principal corporate trust office of InterFirst Bank Houston, N.A., in the City of Houston, Texas, as trustee, or its successor in trust ("Trus- tee"), or at the duly designated office of any successor Trustee or paying agents appointed under the Indenture (as defined hereinafter}. Payment of interest on this fully registered Bond shall be made to the registered owner thereof and shall be paid by check or draft mailed to the registered owner at his address as it appears on the registration books of Issuer or at such other address as is furnished to Trustee in writing by such registered owner, or by such other means as may be agreed upon by Trustee and such registered owner. (2) This Bond is one of an authorized issue of Bonds limited, except as provided with respect to Additional Bonds, in aggregate principal amount to $1,700,000 (the "Bonds") issued for the purpose of providing funds to finance the acquisition, improving and equipping of certain industrial development facilities (which facilities together with the land upon which they are being constructed are hereinafter referred to as the "Project") and paying necessary expenses incidental thereto. To provide for the payment of the Bonds, the Project has beers leased by Issuer to Diamond Plastics Corporation, a Delaware corporation ("Company"), under the terms of a Lease Agreement, dated as of r^ebruary 1, 1983 (which agreement, as from time to time amended and supple- mented, is hereinafter referred to as the "Agreement"), under which Company is obligated to pay amounts which are suffi- cient to pay (1} the principal of and premium, if any, and interest on the Bonds as the same shall become due in accord- ance with their terms and provisions and the terms and provi- sions of the Indenture (as hereinafter defined), and (2) the fees and expenses of Trustee and any paying agents properly payable under the Indenture and certain expenses of Issuer related to the Project. The Bonds are also secured by a mortgage lien in the Project. (3) The Bonds are all issued under and are equally and ratably secured by and entitled to the protection of an Indenture of Trust and Mortgage, dated as of February 1, 1983, by and between Issuer and Trustee (which indenture of -2- ~,. u