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1. Sig Page 2 $168,386 SID Bond 348 Series 2025AREGISTRATION AND TRANSFER The Series 2025A Bond shall be fully registered as to both principal and interest. No transfer of the Series 2025A Bond shall be valid unless and until (1) the registered holder of the Series 2025A Bond, or his duly authorized attorney or legal representative, executes the form of assignment appearing on the Series 2025A Bond, and (2) the Finance Director as bond registrar (the "Registrar'), has duly noted the transfer on the Series 2025A Bond and recorded the transfer on the Registrar's registration books. The City shall be entitled to deem and treat the person in whose name the Series 2025A Bond is registered as absolute owner thereof for all purposes, notwithstanding any notice to the contrary. Payments on account of the Series 2025A Bond shall be made only to the order of the registered holder thereof, and all such payments shall be valid and effectual to satisfy and discharge the City's liability upon the Bond to the extent of the sum or sums so paid. REGISTER The ownership of the outstanding principal balance of the Series 2025A Bond and the interest accruing thereon is registered on the books of City of Kalispell, Montana in the name of the registered holder appearing on the first page hereof or as last noted below: Date of Name and Address Signature of Registration of Registered Holder Finance Director Department of Natural Resources and Conservation 1625 Eleventh Avenue _ �`�J August 27, 2025 Helena, MT 59620 11J' u '�J� THE FOLLOWING ENTRIES ARE TO BE MADE ONLY BY THE BOND REGISTRAR UPON REGISTRATION OF EACH TRANSFER The Finance Director of the City of Kalispell, Montana, acting as Bond Registrar, has transferred, on the books of the City, on the date last noted below, ownership of the principal amount of and the accrued interest on the Series 2025A Bond to the new registered holder noted next to such date, except for amounts of principal and interest theretofore paid. Name of New Signature of Date of Transfer Registered Holder Bond Registrar _