the
date first written above.
PORT OF BEAUMONT NAVIGATION DISTRICT OF JEFFERSON COUNTY, TEXAS
By:
/s/ David C. Fisher
Name: David C. Fisher
Title: Port Director, CEO
THE BANK OF NEW YORK MELLON TRUST COMPANY, NATIONAL
ASSOCIATION, as Trustee,
Paying Agent, Tender Agent and Bond Registrar
By:
/s/ Patricia A. Barbarino
Authorized Signatory
EXHIBIT A
(FORM OF BOND)
(INITIAL RATE)
(FORM OF FACE OF BOND)
THE BONDS MAY NOT BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT
TO A PERSON WHO THE TRANSFEROR REASONABLY BELIEVES IS (I) A QUALIFIED
INSTITUTIONAL BUYER AND (II) PRIOR TO THE FIRST INITIAL BONDS REMARKETING DATE,
NOT A SUBSTANTIAL USER, IN ACCORDANCE WITH ALL APPLICABLE U.S. AND STATE
SECURITIES LAWS (AS ALL SUCH TERMS ARE DEFINED IN THE INDENTURE).
UNITED STATES OF AMERICA
STATE OF TEXAS
COUNTY OF JEFFERSON
NUMBER
DENOMINATION
RI-_________
$______________
REGISTERED
REGISTERED
PORT OF BEAUMONT NAVIGATION DISTRICT
OF JEFFERSON COUNTY, TEXAS
DOCK AND WHARF FACILITY REVENUE BONDS, SERIES 2016
(JEFFERSON ENERGY COMPANIES PROJECT)
INITIAL RATE:
MATURITY DATE:
DATED DATE:
7.25%
February 1, 2036
March 1, 2016
THIS BOND IS SUBJECT TO MANDATORY TENDER FOR PURCHASE UPON THE OCCURRENCE OF THE
EVENTS AND IN THE MANNER HEREINAFTER DESCRIBED, AND MUST BE SO TENDERED OR WILL
BE DEEMED TO HAVE BEEN SO TENDERED AS DESCRIBED HEREIN.
Commencement of Initial Rate Period: March 7, 2016
Initial Bonds Remarketing Date: February 13, 2020
Registered Holder: ___________________________
CUSIP No.:______________
PORT OF BEAUMONT NAVIGATION DISTRICT OF JEFFERSON COUNTY, TEXAS (the
"District"), being a political subdivision of the State of Texas (the "State")
organized and existing pursuant to Article XVI, Section 59 of the Texas
Constitution, for value received, hereby promises to pay to the Registered
Holder named above, or registered assigns, but solely from the sources and in
the manner herein provided, the Principal Amount set forth above on the Maturity
Date set forth above (or earlier as herein described and indicated hereon). The
District also promises to pay interest at the Initial Rate on the unpaid
principal balance of this Bond from and including the date of commencement of
the Initial Rate Period set forth above, or from and including the most recent
date to which interest on this Bond (or any Bond in exchange for, or in lieu of
which this Bond was issued) has been paid, to but excluding the Maturity Date or
the date on which the payment of such Principal Amount shall have been made or
provided for (if the date of such provision is on or after the date on which the
payment of such Principal Amount is due). Interest accrued hereon shall be paid
on the immediately succeeding Interest Payment Date (or next Business Day if
such date is not a Business Day); provided that to the extent principal of this
Bond is paid on any date (whether the Maturity Date or otherwise) interest
accrued hereon to but excluding such payment date shall be paid on such payment
date.
THIS BOND AND ALL OF THE BONDS OF THIS SERIES are special