The reaction product of claim 2 wherein the unborated intermediate reaction product has the following generalized structural formula: ##STR6## where R is an alkyl or alkenyl group of 9 to 150 carbon atoms, R1 and R2 are each hydrogen or an alkyl, aryl, arylalkyl, alkylaryl group of 1 to 12 carbon atoms, y is greater than 0, and x+y is equal to 1 to 4.