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[FORM OF CERTIFICATE <br /> OF PARTICIPATION] <br /> <br />NO. $ <br /> <br /> 1987 CERTIFICATE OF PARTICIPATION <br /> Evidencing and Representing A Fractional Undivided <br /> Interest of the Owner Hereof <br /> in Base Rental Payments to be Made <br /> by the <br /> <br /> CITY OF PLEASANTON <br /> <br /> to the <br /> <br /> CITY OF PLEASANTON PUBLIC FACILITIES CORPORATION <br /> <br /> FOR CAPITAL PROJECTS I AND II <br /> <br /> Certificate <br />Interest Rate Payment Date Dated as of CUSIP No. <br /> <br />REGISTERED OWNER: <br />PRINCIPAL SUM: <br /> <br /> THIS IS TO CERTIFY that the registered owner named <br />above, as the registered owner of this Certificate of <br />Participation (the "Certificate"), is the owner of a <br />fractional undivided interest in the rights to receive certain <br />Base Rental Payments (as that term is defined in the Trust <br />Agreement hereinafter mentioned) under and pursuant to that <br />certain Facility Lease (Capital Projects I and II) (the <br />"Facility Lease") dated as of October 1, 1987, by and between <br />City of Pleasanton Public Facilities Corporation (the <br />"Corporation"), a nonprofit corporation duly organized and <br />existing under and by virtue of the laws of the State of <br />California, and the City of Pleasanton (the "City"), a <br />political subdivision organized and existing under and by <br />virtue of the laws of the State of California, all of which <br />rights to receive such Base Rental Payments having been <br />assigned without recourse by the Corporation to Bank of <br /> <br /> 14 <br />1451S <br /> <br /> <br />