Document:

FORM OF NOTE (CEC FUNDING II, LLC)

 EXHIBIT 4.4.2 
  
 FORM OF NOTE 
  

			
	 REGISTERED
 NO.
[            ]
	 	$ [            ]

  
 SEE REVERSE FOR CERTAIN
DEFINITIONS 
  
 THE PRINCIPAL OF THIS CLASS
A-[    ] NOTE WILL BE PAID IN INSTALLMENTS AS SET FORTH HEREIN. ACCORDINGLY, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS CLASS A-[    ] NOTE AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ON THE FACE HEREOF.

  
 CEC FUNDING, LLC NOTES 
  
 CLASS A-[    ] 
  

					
	 Interest Rate

	 	 Original Principal Amount

	 	 Final Maturity Date

	 [     ]%
	 	$[            ]	 	 

  
 PRINCIPAL AMOUNT: 
  
 CEC Funding, LLC, a limited liability company formed and existing under the
laws of the State of Delaware (herein referred to as the “Note Issuer”), for value received, hereby promises to pay to Massachusetts RRB Special Purpose Trust 2005-1, or registered assigns, the Original Principal Amount shown above in
semiannual installments on the Payment Dates and in the amounts specified on the reverse hereof or, if less, the amounts determined pursuant to Section 8.02 of the Note Indenture, in each year, commencing on the date determined as provided on the
reverse hereof and ending on or before the Final Maturity Date and to pay interest, at the Interest Rate shown above, on each September 15 and March 15 or if any such day is not a Business Day, the next succeeding Business Day, commencing on
September 15, 2005 and continuing until the earlier of the payment of the principal hereof or the Final Maturity Date (each a “Payment Date”), on the principal amount of this Class A-[    ] Note. Interest on this Class
A-[    ] Note will accrue for each Payment Date from the most recent Payment Date on which interest has been paid to but excluding such Payment Date or, if no interest has yet been paid, from
[                    ], 2005. Interest will be computed on the basis of a 360-day year of twelve 30-day months. Such principal of and interest on
this Class A-[    ] Note shall be paid in the manner specified on the reverse hereof. 

 The principal of and interest on this Class A-[    ] Note are payable in such coin or
currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Note Issuer with respect to this Class A-[    ] Note-shall be applied first to
interest due and payable on this Class A-[    ] Note as provided above and then to the unpaid principal of this Class A-[    ] Note, all in the manner set forth in Section 8.02 of the Note Indenture.

  
 Reference is made to the further provisions of this Class
A-[    ] Note set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Class A-[    ] Note. 
  
 The Holder of this Class A-[    ] Note by the acceptance hereof agrees to be bound by the terms of the
Note Indenture. 
  
 Unless the certificate of authentication
hereon has been executed by the Note Trustee whose name appears below by manual signature, this Class A-[    ] Note shall not be entitled to any benefit under the Note Indenture referred to on the reverse hereof, or be valid or
obligatory for any purpose. 
  
 IN WITNESS WHEREOF, the Note
Issuer has caused this instrument to be signed, manually or in facsimile, by its Authorized Officer. 
  
 Date: [                    ], 2005 
  

			
	CEC FUNDING, LLC
		
	By:	 	  

	Name:	 	 
	Title:	 	 

  
  

 NOTE TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
  
 Dated:
[                    ], 2005 
  
 This is one of the Notes referred to in the within-mentioned Note Indenture. 
  

			
	 THE BANK OF NEW YORK,
 not in its individual
capacity but solely as Note Trustee,

		
	By:	 	  

	Name:	 	 
	Title:	 	 

  
  

 [REVERSE OF NOTE] 
  

This Class A-[    ] Note is one of a duly authorized issue of Notes of the Note Issuer, designated as its CEC Funding, LLC Notes
(herein called the “Notes”), issuable in one or more Classes, and further designated as a Class A-[    ] Note (collectively with all other Class A-[    ] Notes of this issue, the “Class
A-[    ] Notes”), all issued under a Note Indenture dated as of [                    ], 2005 (the “Note
Indenture”), between the Note Issuer and The Bank of New York, as Note Trustee (the “Note Trustee,” which term includes any successor trustee under the Note Indenture), to which Note Indenture and all indentures supplemental thereto
reference is hereby made for a statement of the respective rights and obligations thereunder of the Note Issuer, the Note Trustee and the Holders of the Notes. All terms used in this Class A-[    ] Note that are defined in the
Note Indenture, as supplemented or amended, shall have the meanings assigned to them in the Note Indenture, as supplemented or amended. 
  
 The Class A-[    ] Notes and the other Classes of Notes issued by the Note Issuer are and will be equally and ratably secured by the
collateral pledged as security therefor, as provided in the Note Indenture. 
  
 The principal of this Class A-[    ] Note shall be payable on each Payment Date only to the extent that amounts in the Collection Account are available therefor, and only until the outstanding
principal balance thereof on such Payment Date (after giving effect to all payments of principal, if any, made on such Payment Date) has been reduced to the principal balance specified in the Expected Amortization Schedule which is attached to the
Note Indenture as Schedule A, unless payable earlier either because (x) an Event of Default shall have occurred and be continuing and the Note Trustee or the Holders of Notes representing not less than a majority of the Outstanding Amount of the
Notes have declared the Notes to be immediately due and payable in accordance with Section 5.02 of the Note Indenture, (y) the Note Issuer, at its option, shall have called for the redemption of the Notes pursuant to Section 10.01 of the Note
Indenture or (z) the Note Issuer shall have called for the redemption of the Notes pursuant to Section 10.04 of the Note Indenture if the Seller is required to repurchase the Transition Property pursuant to Section 5.01(b) of the Sale Agreement.
However, actual principal payments may be made in lesser than expected amounts and at later than expected times as determined pursuant to Section 8.02 of the Note Indenture. The entire unpaid principal amount of this Class
A-[    ] Note shall be due and payable on the earlier of the Final Maturity Date hereof, the Optional Redemption Date, if any, and the Mandatory Redemption Date, if any, herefor. Notwithstanding the foregoing, the entire unpaid
principal amount of the Notes shall be due and payable, if not then previously paid, on the date on which an Event of Default shall have occurred and be continuing and the Note Trustee or the Holders of the Notes representing not less than a
majority of the Outstanding Amount of the Notes have declared the Notes to be immediately due and payable in the manner provided in Section 5.02 of the Note Indenture. All principal payments on the Class A-[    ] Notes shall be
made pro rata to the Class A-[    ] Noteholders entitled thereto based on the respective principal amounts of the Class A-[    ] Notes held by them. 

 Payments of interest on this Class A-[    ] Note due and payable on each Payment
Date, together with the installment of principal shall be made by check mailed first-class, postage prepaid, to the Person whose name appears as the Registered Holder of this Class A-[    ] Note (or one or more Predecessor Notes)
on the Note Register as of the close of business on the Record Date, except that with respect to Notes registered on the Record Date in the name of the Certificate Trustee, payments will be made by wire transfer in immediately available funds to the
account designated by the Certificate Trustee and except for the final installment of principal payable with respect to this Class A-[    ] Note on a Payment Date which shall be payable as provided below. Such checks shall be
mailed to the Person entitled thereto at the address of such Person as it appears on the Note Register as of the applicable Record Date without requiring that this Class A-[    ] Note be submitted for notation of payment. Any
reduction in the principal amount of this Class A-[    ] Note (or any one or more Predecessor Notes) effected by any payments made on any Payment Date shall be binding upon all future Holders of this Class
A-[    ] Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof, whether or not noted hereon. If funds are expected to be available, as provided in the Note Indenture, for
payment in full of the then remaining unpaid principal amount of this Class A-[    ] Note on a Payment Date, then the Note Trustee, in the name of and on behalf of the Note Issuer, will notify the Person who was the Registered
Holder hereof as of the Record Date preceding such Payment Date by notice mailed no later than five days prior to such final Payment Date and shall specify that such final installment will be payable only upon presentation and surrender of this
Class A-[    ] Note and shall specify the place where this Class A-[    ] Note may be presented and surrendered for payment of such installment. 
  
 The Note Issuer shall pay interest on overdue installments of interest at the Note Interest Rate to the extent lawful.

  
 As provided in the Note Indenture, the Class
A-[    ] Notes may be redeemed, in whole but not in part, at the option of the Note Issuer on any Payment Date at the Optional Redemption Price if, after giving effect to payments that would otherwise be made on such Payment
Date, the Outstanding Amount of the Notes has been reduced to less than five percent of the initial principal balance thereof. In addition, as provided in the Note Indenture, if the Seller is required to repurchase the Transition Property pursuant
to Section 5.01(b) of the Sale Agreement, the Note Issuer will be required to redeem all outstanding Notes, including the Class A-[    ] Notes, on or before the fifth Business Day following the Repurchase Date (as defined in the
Sale Agreement). 
  
 As provided in the Note Indenture and subject
to certain limitations set forth therein, the transfer of this Class A-[    ] Note may be registered on the Note Register upon surrender of this Class A-[    ] Note for registration of transfer at the office
or agency designated by the Note Issuer pursuant to the Note Indenture, duly endorsed by, or accompanied by (a) a written instrument of transfer in form satisfactory to the Note Trustee duly executed by the Holder hereof or his attorney duly
authorized in writing, with such signature guaranteed by an institution which is a member of one of the following recognized Signature Guaranty Programs: (i) The Securities Transfer Agent Medallion Program (STAMP); (ii) The New York Stock Exchange
Medallion 

 
Program (MSP); (iii) The Stock Exchange Medallion Program (SEMP); or (iv) in such other guarantee program acceptable to the Note Trustee, and (b) such other
documents as the Note Trustee may require, and thereupon one or more new Class A-[    ] Notes of Minimum Denominations and in the same aggregate principal amount will be issued to the designated transferee or transferees. No
service charge will be charged for any registration of transfer or exchange of this Class A-[    ] Note, but the transferor may be required to pay a sum sufficient to cover any tax or other governmental charge that may be imposed
in connection with any such registration of transfer or exchange, other than exchanges pursuant to Section 2.04 of the Note Indenture not involving any transfer. 
  
 Each Noteholder, by acceptance of a Note, covenants and agrees that no recourse may be taken, directly or indirectly, with
respect to the obligations of the Note Issuer or the Note Trustee on the Notes or under the Note Indenture or any certificate or other writing delivered in connection therewith, against (i) the Note Trustee in its individual capacity, (ii) any owner
of a beneficial interest in the Note Issuer or (iii) any partner, owner, beneficiary, agent, officer, director or employee of the Note Trustee in its individual capacity, any holder of a beneficial interest in the Note Issuer or the Note Trustee or
of any successor or assign of the Note Trustee in its individual capacity, except as any such Person may have expressly agreed (it being understood that the Note Trustee has no such obligations in its individual capacity). 
  
 Prior to the due presentment for registration of transfer of this Class
A-[    ] Note, the Note Issuer, the Note Trustee and any agent of the Note Issuer or the Note Trustee may treat the Person in whose name this Class A-[    ] Note is registered (as of the day of determination)
as the owner hereof for the purpose of receiving payments of principal of and interest on this Class A-[    ] Note and for all other purposes whatsoever, whether or not this Class A-[    ] Note be overdue, and
neither the Note Issuer, the Note Trustee nor any such agent shall be affected by notice to the contrary. 
  
 The Note Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the
Note Issuer and the rights of the Holders of the Notes under the Note Indenture at any time by the Note Issuer with the consent of the Holders of Notes representing a majority of the Outstanding Amount of all Notes at the time Outstanding of each
Class to be affected. The Note Indenture also contains provisions permitting the Holders of Notes representing specified percentages of the Outstanding Amount of the Notes, on behalf of the Holders of all the Notes, to waive compliance by the Note
Issuer with certain provisions of the Note Indenture and certain past defaults under the Note Indenture and their consequences. Any such consent or waiver by the Holder of this Class A-[    ] Note (or any one of more Predecessor
Notes) shall be conclusive and binding upon such Holder and upon all future Holders of this Class A-[    ] Note and of any Note issued upon the registration of transfer hereof or in exchange hereof or in lieu hereof whether or
not notation of such consent or waiver is made upon this Class A-[    ] Note. The Note Indenture also permits the Note Trustee to amend or waive certain terms and conditions set forth in the Note Indenture without the consent of
Holders of the Notes issued thereunder. 

 The term “Note Issuer” as used in this Class A-[    ] Note includes any
successor to the Note Issuer under the Note Indenture. 
  
 The
Note Issuer is permitted by the Note Indenture, under certain circumstances, to merge or consolidate, subject to the rights of the Note Trustee and the Holders of Notes under the Note Indenture. 
  
 The Class A-[    ] Notes are issuable only in registered
form in denominations as provided in the Note Indenture, subject to certain limitations therein set forth. 
  
 This Class A-[    ] Note and the Note Indenture shall be construed in accordance with the laws of The Commonwealth of Massachusetts,
without reference to its conflict of law provisions, and the obligations, rights and remedies of the parties hereunder and thereunder shall be determined in accordance with such laws. 
  
 No reference herein to the Note Indenture and no provision of this Class A-[    ] Note or of the Note
Indenture shall alter or impair the obligation of the Note Issuer, which is absolute and unconditional, to pay the principal of and interest on this Class A-[    ] Note at the times, place, and rate, and in the coin or currency
herein prescribed. 
  
 The Holder of this Class
A-[    ] Note by the acceptance hereof agrees that, notwithstanding any provision of the Note Indenture to the contrary, the Holder shall have no recourse against the Note Issuer, but shall look only to the Collateral, with
respect to any amounts due to the Holder under this Class A-[    ] Note. 

 ASSIGNMENT 
  
 Social Security or taxpayer I.D. or other identifying number of assignee:
                                        
     
  

	
	 FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto

	
	___________________________________________________________________________________________________________________________________________
	
	___________________________________________________________________________________________________________________________________________
	(name and address of assignee)

  
 the within Class
A-[    ] Note and all rights thereunder, and hereby irrevocably constitutes and appoints
                        , attorney, to transfer said Class A-[    ] Note on the books kept for
registration thereof, with full power of substitution in the premises. 
  

					
	 Dated:
	 	  

	 	

	 	 	 	 	Signature Guaranteed:
			
	 	 	____________________________________________________________	 	_______________________________________________________________

	*	NOTE: The signature to this assignment must correspond with the name of the registered owner as it appears on the face of the within Class A-[    ] Note in every
particular, without alteration, enlargement or any change whatsoever.FORM OF RATE REDUCTION CERTIFICATE

 EXHIBIT 4.5 
  
 FORM OF CERTIFICATE 
  
 REGISTERED 

			
	NO. [                ]	 	$[                ]

  
 MASSACHUSETTS RRB
SPECIAL PURPOSE TRUST 2005-1 
 CLASS [    ] 
 RATE REDUCTION CERTIFICATE 
  

							
	 INTEREST RATE

	 	 SCHEDULED FINAL
 DISTRIBUTION DATE

	 	 FINAL MATURITY DATE

	 	 CUSIP

	 	 	 

  
 REGISTERED OWNER: Cede & Co.

  
 PRINCIPAL AMOUNT: 
  
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE TRUST OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS
REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL INASMUCH THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  
 This Certificate evidences a fractional undivided beneficial interest in the Underlying Notes (as defined below) of the corresponding class issued by BEC
Funding II, LLC, a Delaware limited liability company, and CEC Funding, LLC, a Delaware limited liability company, and the proceeds thereof, held by a trust or registered assigns, as more fully described herein. The Underlying Notes of a Note Issuer
represent the obligations only of that Note Issuer, and do not represent obligations of any other Note Issuer. 
  
 This Certificate does not represent an interest in or obligation of the Commonwealth of Massachusetts, the Massachusetts Health and Educational Facilities
Authority or the Massachusetts Development Finance Agency (collectively, the “Agencies”), any other governmental agency or instrumentality or Boston Edison Company, a Massachusetts corporation (“Boston Edison”), or Commonwealth
Electric Company, a Massachusetts corporation (“Commonwealth Electric”), or any of their affiliates. None of the Certificate, the Underlying Notes or the underlying Transition Properties (as defined in the Certificate Indenture) will be
guaranteed or insured by the Commonwealth of Massachusetts, either of the Agencies, the Trust (as defined below) or any other governmental agency or instrumentality or by Boston Edison, Commonwealth Electric or their affiliates. 

 Neither the full faith and credit nor the taxing power of the Commonwealth of Massachusetts, either of
the Agencies or any other governmental agency or instrumentality is pledged to the payment of the principal of, purchase price of, or interest on, this Certificate or the Underlying Note, or to the payments in respect of the Transition Property, nor
are the Commonwealth of Massachusetts, either of the Agencies or any other governmental agency or instrumentality in any manner obligated to make any appropriation for the payment thereof. 
  
 To the extent not otherwise defined herein, the capitalized terms used herein
have the meanings assigned to them in the Certificate Indenture. 
  
 THIS CERTIFIES THAT CEDE & CO., as nominee for The Depository Trust Company, for value received, is the registered owner of a Principal Amount (stated above) of nonassessable, fully-paid, fractional undivided beneficial interest in the
related Underlying Notes and the proceeds thereof held by Massachusetts RRB Special Purpose Trust 2005-1 (the “Trust”) or registered assigns. The Trust is created pursuant to a Declaration of Trust dated as of January 26, 2005 by The Bank
of New York (Delaware), as Delaware Trustee (the “Delaware Trustee”), and the Agencies, acting jointly as settlors thereunder pursuant to Chapter 164 of the Massachusetts Acts of 1997 (the “Statute”). This Certificate is issued
under and is subject to the terms, provisions, and conditions of, a Certificate Indenture dated as of February     , 2005 (the “Certificate Indenture”), by and among the Delaware Trustee, The Bank of New York, as
certificate trustee (the “Certificate Trustee”), and the Trust, a summary of certain of the pertinent provisions of which is set forth below. This Certificate is one of the duly authorized class of Certificates designated as
“Massachusetts RRB Special Purpose Trust 2005-1 Rate Reduction Certificates, Class [    ]” (herein called the “Class [    ] Certificates”). The Class [    ] Certificates
are one of a class of Certificates issued under the Certificate Indenture (such Class [    ] Certificates, together with other Classes of Certificates issued on the date hereof under the Certificate Indenture being herein called
the “Certificates”). The holder of this Certificate (the “Holder”), by virtue of its acceptance hereof, assents and agrees to be bound by the terms of the Certificate Indenture. This Class [    ] Certificate
represents a fractional undivided beneficial interest in the notes of the corresponding class (the “Underlying Notes”) issued by BEC Funding II, LLC, as BEC Note Issuer, and CEC Funding LLC, as CEC Note Issuer, together with the payments
on and proceeds of the Underlying Notes. The Underlying Notes are secured by a security interest in the property right created under the Statute, pursuant to the order of the Massachusetts Department of Telecommunications and Energy, DTE-04-70,
issued on January 21, 2005 (the “Financing Order”), representing the irrevocable right of each of Boston Edison and Commonwealth Electric or their assignees to receive a certain nonbypassable charge (as adjusted from time to time) from
certain retail customers of Boston Edison’s and Commonwealth Electric’s respective distribution systems, together with certain related collateral, all as more fully described in the Note Indentures. 
  
 The aggregate principal amount of all Certificates of all Classes issued
under the Certificate Indenture equals the aggregate principal amount of the Underlying Notes of all Classes of the Note Issuers, and all such Certificates are and will be equally secured by the pledge and covenants made therein, except as otherwise
expressly provided or permitted in the Certificate Indenture. 

 Subject to and in accordance with the terms of the Certificate Indenture, there will be distributed on
each March 15 and September 15 of each year or, if any such day is not a Business Day, the next succeeding Business Day (each, a “Distribution Date”), commencing on September 15, 2005 to the Person in whose name this Certificate is
registered at the close of business on the last Business Day immediately preceding the related Distribution Date or, if Definitive Certificates are issued, the last day of the immediately preceding calendar month (each, a “Record Date”),
such Holder’s fractional undivided interest in the payments made on the Underlying Notes due on the related Payment Date, the receipt of which has been confirmed by the Certificate Trustee. Subject to and in accordance with the terms of the
Certificate Indenture, in the event that a Special Payment on an Underlying Note is received by the Certificate Trustee, from funds then available to the Certificate Trustee, there will be distributed on the applicable Special Distribution Date, to
the Person in whose name this Certificate is registered on the Record Date preceding the Special Distribution Date, as applicable, such Holder’s fractional undivided share of such amount. The Special Distribution Date will be determined as
provided in the Certificate Indenture. The Certificate Trustee will mail notice of each Special Payment and the related Special Distribution Date to the Holder as provided in the Certificate Indenture. 
  
 Distributions on this Certificate will be made as provided in the Certificate
Indenture by the Certificate Trustee by wire transfer or check mailed to the Holder of record in the Certificate Register without the presentation or surrender of this Certificate or the making of any notation hereon, except that with respect to
Certificates registered on the Record Date in the name of the nominee of the Clearing Agency (initially, such nominee to be Cede & Co.), payments will be made by wire transfer in immediately available funds to the account designated by such
nominee. Except as otherwise provided in the Certificate Indenture and notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Certificate Trustee of the pendency of such distribution and only upon
presentation and surrender of this Certificate at the office of the Paying Agent or the office or agency maintained for that purpose by the Certificate Trustee in The City of New York. 
  
 Subject to and in accordance with the terms of the Certificate Indenture, the Trust has represented and warranted under the
Certificate Indenture that the Trust constitutes a “special purpose trust” and a “financing entity” under Section 1H(a) of the Statute, and that the Certificates constitute “electric rate reduction bonds” under Section
1H(a) of the Statute and that the Holders are entitled to the rights and benefits thereunder. Pursuant to Section 1H(b)(3) of the Statute, the Commonwealth of Massachusetts has pledged and agreed with the Note Issuers, the Trust and the Holders (the
“Commonwealth of Massachusetts Pledge”) as follows: 
  
 [T]he [C]ommonwealth [of Massachusetts] does hereby pledge and agree with the owners of the transition property and holders of electric rate reduction bonds that the [C]ommonwealth [of Massachusetts] shall not (i)
alter the provisions of this chapter which make the transition charges imposed by the financing order irrevocable and binding or (ii) limit or alter the reimbursable transition costs amounts, transition property, financing orders, and all rights
thereunder until the electric rate reduction bonds, together with the interest thereon, are fully met and discharged. 

 In addition, the Trust has pledged and agreed with the Note Issuers and the Holders that it will not act
in a manner inconsistent with the Commonwealth of Massachusetts Pledge and will not take any action that would impair any rights of any Note Issuer or the Holders in the Notes of any Note Issuer, the Transition Property of any Note Issuer or the
Certificates. 
  
 Reference is hereby made to the further
provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
  
 Unless the certificate of authentication hereon shall have been executed by an authorized officer of the Certificate Trustee
by manual signature, this Certificate shall not be entitled to any benefit under the Certificate Indenture or any other Basic Document or be valid for any purpose. 
  
 THIS CERTIFICATE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE DOMESTIC LAW OF THE STATE OF DELAWARE, WITHOUT
REFERENCE TO ITS CONFLICT OF LAW PROVISIONS, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAW. 
  
 Any reduction in the principal amount of any Certificate effected by any distribution in respect of principal thereof shall
be binding upon all Holders of such Certificate and of any Certificate issued upon the registration of transfer thereof or in exchange thereof or in lieu thereof, whether or not noted thereon. 
  
 It is expressly agreed and understood by the parties hereto that (a) this
Certificate is executed by The Bank of New York (Delaware) and authenticated and delivered by The Bank of New York, not individually or personally but solely as Delaware Trustee and Certificate Trustee, respectively, on behalf of the Trust in the
exercise of the powers and authority conferred and vested in them, (b) the representations, undertakings and agreements herein made by the Delaware Trustee and Certificate Trustee on behalf of the Trust are made and intended not as personal
representations, undertakings and agreements of either trustee, but are made and intended for the purpose of binding only the Trust, (c) nothing herein contained shall be construed as creating any liability on The Bank of New York (Delaware) or The
Bank of New York, individually or personally, to perform any covenant either expressed or implied herein, except in their capacity as Delaware Trustee and Certificate Trustee, respectively, all such liability being expressly waived by all Persons,
and (d) under no circumstances shall The Bank of New York (Delaware) or The Bank of New York be personally liable for the payment of any indebtedness or expenses of the Trust, or be personally liable for the breach or failure of any obligation,
representation, warranty or covenant made or undertaken by the Trust under the Certificate Indenture. 

 IN WITNESS WHEREOF, the Delaware Trustee on behalf of the Trust has caused this Certificate to be duly
executed. 
  

			
	MASSACHUSETTS RRB SPECIAL PURPOSE TRUST 2005-1
	
	 By: THE BANK OF NEW YORK (DELAWARE),
 not in its individual capacity but solely as Delaware
 Trustee

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 CERTIFICATE TRUSTEE’S CERTIFICATE OF AUTHENTICATION 
  
 Dated: [            ] 

 
 This is one of the Certificates referred to in the within-mentioned
Certificate Indenture. 
  

			
	 THE BANK OF NEW YORK, not in its individual

capacity but solely as Certificate Trustee

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 [FORM OF REVERSE OF CERTIFICATE] 
  
 The Certificates are limited in right of payment, all as more specifically set forth on the face hereof and in the
Certificate Indenture. All payments or distributions made to Holders under the Certificate Indenture shall be made only from the Trust Property and only to the extent that the Certificate Trustee shall have sufficient income or proceeds from the
Trust Property to make such payments in accordance with the terms of the Certificate Indenture. Each Holder, by its acceptance hereof, agrees that it will look solely to the income and proceeds from the Trust Property to the extent available for
distribution to such Holder as provided in the Certificate Indenture. Amounts paid to the Holders under the Certificate Indenture shall be allocated to principal on the Certificates to the extent such amounts represented principal payments on the
Underlying Notes and shall be allocated to interest on the Certificates to the extent such amounts represented interest on the Underlying Notes. This Certificate does not purport to summarize the Certificate Indenture and reference is made to the
Certificate Indenture for information with respect to the interests, rights, benefits, obligations, proceeds, and duties evidenced hereby. A copy of the Certificate Indenture may be examined during normal business hours at the principal office of
the Certificate Trustee, and at such other places, if any, designated by the Certificate Trustee, by any Holder upon request. 
  
 The Certificate Indenture permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights of the Holders under
the Certificate Indenture at any time by the Trust and the Certificate Trustee with the consent of the Holders holding Certificates representing not less than a majority of the aggregate Outstanding Amount of Certificates of each affected Class
issued by the Trust. Any such consent by the Holder of this Certificate shall be conclusive and binding on such Holder and upon all future Holders of this Certificate and of any Certificate issued upon the transfer hereof or in exchange hereof or in
lieu hereof whether or not notation of such consent is made upon this Certificate. The Certificate Indenture also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates.

  
 As provided in the Certificate Indenture and subject to
certain limitations therein set forth, the transfer of this Certificate is registerable in the Certificate Register upon surrender of this Certificate for registration of transfer at the offices or agencies maintained by the Certificate Trustee in
its capacity as Certificate Registrar, or by any successor Certificate Registrar, in the Borough of Manhattan, The City of New York, duly endorsed or accompanied by a written instrument of transfer in form satisfactory to the Certificate Trustee and
the Certificate Registrar duly executed by the Holder hereof or such Holder’s attorney duly authorized in writing, and thereupon one or more new Certificates of authorized denominations evidencing the same aggregate fractional undivided
beneficial interest in the Underlying Note will be issued to the designated transferee or transferees. 
  
 The Certificates are issuable only as registered Certificates without coupons in Minimum Denominations of $1,000 Original Principal Amount and integral
multiples thereof. As provided in the Certificate Indenture and subject to certain limitations therein set forth, Certificates are exchangeable for new Certificates of authorized denominations evidencing the same aggregate fractional undivided
beneficial interest in the Underlying Notes, as requested by the Holder surrendering the same. 

 The holder, by purchase of this certificate, will be deemed to represent that such purchase will not
result in a non-exempt prohibited transaction under the Internal Revenue Code of 1986, as amended, or the Employee Retirement Income Security Act of 1974, as amended, and, in each case, the rules and regulations thereunder. 
  
 No service charge will be made for any such registration of transfer or
exchange, but the Certificate Trustee shall require payment of a sum sufficient to cover any tax or governmental charge payable in connection therewith. 
  
 The Certificate Trustee, the Certificate Registrar, and any agent of the Certificate Trustee or the Certificate Registrar may treat the person in whose
name this Certificate is registered as the owner hereof for all purposes, and neither the Certificate Trustee, the Certificate Registrar, nor any such agent shall be affected by any notice to the contrary. 
  
 The obligations and responsibilities created by the Certificate Indenture
shall terminate with respect to the Certificates upon the distribution to the Holders of all amounts required to be distributed to them pursuant to the Certificate Indenture and the disposition of all property held as part of the Trust Property,
except certain indemnity obligations of the Note Issuers to the Certificate Trustee under the Fee and Indemnity Agreement.

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