<SEC-DOCUMENT>0000004457-13-000012.txt : 20130528
<SEC-HEADER>0000004457-13-000012.hdr.sgml : 20130527
<ACCEPTANCE-DATETIME>20130528111342
ACCESSION NUMBER:		0000004457-13-000012
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20130528
DATE AS OF CHANGE:		20130528

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERCO /NV/
		CENTRAL INDEX KEY:			0000004457
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-AUTO RENTAL & LEASING (NO DRIVERS) [7510]
		IRS NUMBER:				880106815
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0526

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-169832
		FILM NUMBER:		13873973

	BUSINESS ADDRESS:	
		STREET 1:		1325 AIRMOTIVE WAY STE 100
		CITY:			RENO
		STATE:			NV
		ZIP:			89502
		BUSINESS PHONE:		7756886300

	MAIL ADDRESS:	
		STREET 1:		1325 AIRMOTIVE WAY
		STREET 2:		SUITE 100
		CITY:			RENO
		STATE:			NV
		ZIP:			89502

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERCO
		DATE OF NAME CHANGE:	19770926
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B2
<SEQUENCE>1
<FILENAME>SecuredNoteSeries.htm
<DESCRIPTION>SERIES UIC - 10C TO 13C
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            <p style="margin:0pt; text-align:right; background-color:#ffffff"><a name="EDGAR_PAGE_START1"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Filed Pursuant to Rule 424(b)(2)</font><font style="font-family:Arial; font-size:10pt"> </font></p>
            <p style="margin:0pt; text-align:right; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Registration Statement No. 333-169832</font><font style="font-family:Arial; font-size:10pt"> </font></p>
            <p style="margin:0pt; text-align:right; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Prospectus Supplement to Prospectus dated October 7, 2010</font></p>
            <p style="margin:0pt; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:16pt; font-weight:bold">Up to $10,290,000</font></p>
            <p style="margin:0pt; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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			<p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:40pt; font-weight:bold">AMERCO</font>
            </p>
            <p style="margin:0pt; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:1pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:16pt; font-weight:bold">Fixed Rate</font><font style="font-family:Arial; font-size:16pt; font-weight:bold"> Secured Notes Series </font><font style="font-family:Arial; font-size:16pt; font-weight:bold">UIC-10C, 11C, 12C and 13C&#160; </font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:16pt; font-weight:bold">___________</font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">AMERCO is offering up to </font><font style="font-family:Arial; font-size:10pt">$10,290,000 aggregate principal amount of its Fixed Rate Secured Notes Series UIC-10C, 11C, 12C and 13C&#160; (the &#8220;notes&#8221;).&#160; The notes will be issued over a period of time and from time to time, in up to four separate series, with each series having one or mor</font><font style="font-family:Arial; font-size:10pt">e separate sub-series bearing a unique interest rate and term as provided herein.&#160; As notes are offered, prospective investors shall have the opportunity to select the series and sub-series of notes for which such prospective investor is subscribing.&#160;&#160; The</font><font style="font-family:Arial; font-size:10pt"> notes are fully amortizing.&#160; Principal and interest on the notes will be credited to each holder&#8217;s U-Haul Investors Club&#8482; account in arrears every three months, beginning three months from the issue date, until the maturity date; provided, however, princi</font><font style="font-family:Arial; font-size:10pt">pal and interest payments with respect to notes issued under Series UIC-10C will be credited to such holder&#8217;s U-Haul Investors Club&#8482; account in arrears three months from the issue date of the first subseries of notes issued to any investor under Series UIC</font><font style="font-family:Arial; font-size:10pt">-10C, and shall be based on the actual number of days the holder is invested in such notes during such quarter.&#160; In all cases subject to collateral substitutions as provided herein, the notes issued under Series UIC-10C are secured by a first-priority lien</font><font style="font-family:Arial; font-size:10pt"> on a pool of U-Haul furniture dollies manufactured in fiscal year 2013&#160; (the &#8220;Furniture Dollies&#8221;); the notes issued under Series UIC-11C are secured by a first priority lien on a pool of U-Haul tow dollies manufactured in fiscal year 2014 (the &#8220;Tow Dollie</font><font style="font-family:Arial; font-size:10pt">s&#8221;); the notes issued under Series UIC-12C are secured by a first priority lien on a pool of U-Haul AV model trailers manufactured between 1990 and 2004 (the &#8220;AV 1990-2004 Units&#8221;); and the notes issued under Series UIC-13C are secured by a first priority l</font><font style="font-family:Arial; font-size:10pt">ien on a pool of U-Haul RV model trailers manufactured between 1993 and 2001 (the &#8220;RV 1993-2001 Units&#8221;).</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">For each $50 invested with us in the notes under Series UIC-10C, we will pledge to the trustee, for the benefit of the noteholders, one Furniture Doll</font><font style="font-family:Arial; font-size:10pt">y.&#160; For each $2,000 invested with us in the notes under Series UIC-11C, we will pledge to the trustee, for the benefit of the noteholders, one Tow Dolly.&#160;&#160; For each $1,000 invested with us in the notes under Series UIC-12C, we will pledge to the trustee, f</font><font style="font-family:Arial; font-size:10pt">or the benefit of the noteholders, one AV 1990-2004 Unit.&#160; For each $1,600 invested with us in the notes under Series UIC-13C, we will pledge to the trustee, for the benefit of the noteholders, one RV 1993-2001 Unit.&#160;&#160;&#160;&#160; </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">With respect to each sub-serie</font><font style="font-family:Arial; font-size:10pt">s of the notes, the term and interest rate are as follows:</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a 2-year term shall bear interest at 3.00% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a 3-year term shall bear interest at 3.75% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes </font><font style="font-family:Arial; font-size:10pt">with a 4-year term shall bear interest at 4.27% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a 5-year term shall bear interest at 4.80% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a 6-year term shall bear interest at 5.32% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with</font><font style="font-family:Arial; font-size:10pt"> a 7-year term shall bear interest at 5.85% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a 8-year term shall bear interest at 6.37% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a 9-year term shall bear interest at 6.51% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a 1</font><font style="font-family:Arial; font-size:10pt">0-year term shall bear interest at 6.65% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt; text-indent:36pt; text-align:justify"><a name="EDGAR_PAGE_START2"></a><font style="font-family:Arial; font-size:10pt">Notes issued under Series UIC-10C shall be limited in aggregate principal amount to $450,000. Notes issued under Series UIC-11C shall be limited in aggregate principal amount to $6,000,000. Notes issued </font><font style="font-family:Arial; font-size:10pt">under Series UIC-12C shall be limited in aggregate principal amount to $2,504,000; and notes issued under Series UIC-13C shall be limited in aggregate principal amount to $1,336,000.&#160; </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">No underwriter or other third-party has been engaged to facilitate the</font><font style="font-family:Arial; font-size:10pt"> sale of the notes in this offering.</font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:16pt; font-weight:bold">___________</font></p>
            <p style="margin:0pt; text-indent:18.35pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18.35pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-style:italic">The </font><font style="font-family:Arial; font-size:10pt; font-style:italic">n</font><font style="font-family:Arial; font-size:10pt; font-style:italic">otes are not savings accounts, deposit accounts or money market funds.&#160; The </font><font style="font-family:Arial; font-size:10pt; font-style:italic">n</font><font style="font-family:Arial; font-size:10pt; font-style:italic">otes are not guaranteed or insured by the Federal Deposit Insurance Corporation, the Federal Reserve or any other </font><font style="font-family:Arial; font-size:10pt; font-style:italic">governmental agency</font><font style="font-family:Arial; font-size:10pt; font-style:italic">.</font></p>
            <p style="margin:0pt; text-indent:18.35pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18.35pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">See &#8220;Risk Factors&#8221; beginning on page </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">S-9 </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">of this prospectus supplement to read about important facts you should consider before buying the notes.</font></p>
            <p style="margin:0pt; text-indent:18.35pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18.35pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Neither the Securities and Exchange Commission nor any other regulatory body has </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus supplement or the accompanying prospectus.&#160; Any representation to the contrary is a criminal offense.</font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:16pt; font-weight:bold">___________</font></p>
            <p style="margin:0pt; text-indent:18.35pt; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Per Note</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Total</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Offering Price</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">100%</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font><font style="font-family:Arial; font-size:10pt">10</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt">290</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt">0</font><font style="font-family:Arial; font-size:10pt">00</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Proceeds to AMERCO (before expenses)</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">100%</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">$</font><font style="font-family:Arial; font-size:10pt">10</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt">290</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt">0</font><font style="font-family:Arial; font-size:10pt">00</font></p>
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            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:16pt; font-weight:bold">___________</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">The notes are being issued in uncertificated book-entry form only, and will not be listed on any</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">securities exchange.</font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:16pt; font-weight:bold">___________</font></p>
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            <p style="margin:0pt; text-indent:18.35pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">Prospectus Supplement dated </font><font style="font-family:Arial; font-size:10pt">May 28, 2013</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt; text-align:center"><a name="_01"></a><a name="EDGAR_PAGE_END2"></a></p>
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                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T1_BM1"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Page</font><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><a name="EDGAR_DEC_TAB_VALUE_T1_BM2"></a><a name="_GoBack"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
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                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">About </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">T</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">his Prospectus Supplement</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">S-i</font></p>
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                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Where You Can Find More Information</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">S-i</font></p>
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                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Note Regarding Forward-Looking Statements</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">S-ii</font></p>
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                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Prospectus Supplement Summary</font></p>
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                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">S-1</font></p>
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                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Summary Selected Consolidated Financial Information</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">S-</font><font style="font-family:Arial; font-size:10pt">7</font></p>
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                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt 0pt 0pt 12.5pt; text-indent:-12.5pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Risk Factors</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">S-9</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Use of Proceeds</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">S-1</font><font style="font-family:Arial; font-size:10pt">9</font></p>
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                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Ratio of Earnings to Fixed Charges</font></p>
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                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">S-1</font><font style="font-family:Arial; font-size:10pt">9</font></p>
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                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Description of Notes</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">S-1</font><font style="font-family:Arial; font-size:10pt">9</font></p>
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                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">U-Haul Investors Club</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">S-</font><font style="font-family:Arial; font-size:10pt">37</font></p>
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                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Material</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">U.</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> S. Federal Income Tax Consequences</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">S-</font><font style="font-family:Arial; font-size:10pt">39</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Plan of Distribution</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">S-</font><font style="font-family:Arial; font-size:10pt">42</font></p>
                    </td>
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                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Legal Matters</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">S-</font><font style="font-family:Arial; font-size:10pt">42</font></p>
                    </td>
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                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Experts</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">S-</font><font style="font-family:Arial; font-size:10pt">42</font></p>
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                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                    </td>
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                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Prospectus</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">About This Prospectus</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1</font></p>
                    </td>
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                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">About AMERCO</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">3</font></p>
                    </td>
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                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Risk Factors</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">4</font></p>
                    </td>
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                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Note Regarding Forward-Looking Statements</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">4</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Description of Securities</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">5</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Use of Proceeds</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">5</font></p>
                    </td>
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                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Ratio of Earnings to Fixed Charges</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">5</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Plan of Distribution</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">5</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Legal Matters</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">7</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Experts</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">7</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Incorporation of Certain Information by Reference</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">7</font></p>
                    </td>
                </tr>
                <tr style="height:14.4pt">
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:88.32%">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Where You Can Find More Information</font></p>
                    </td>
                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">8</font></p>
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_PAGE_START4"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">ABOUT THIS PROSPECTUS SUPPLEMENT</font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">This document is in two parts.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt"> The first part is the </font><font style="font-family:Arial; font-size:10pt">p</font><font style="font-family:Arial; font-size:10pt">rospectus </font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt">upplement, which contains the terms of this </font><font style="font-family:Arial; font-size:10pt">offering</font><font style="font-family:Arial; font-size:10pt"> of </font><font style="font-family:Arial; font-size:10pt">n</font><font style="font-family:Arial; font-size:10pt">otes. </font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">The second part, the</font><font style="font-family:Arial; font-size:10pt"> accompanying prospectus dated October 7</font><font style="font-family:Arial; font-size:10pt">, 2010, gives more general information, some of which may not apply to this offering. </font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We have </font><font style="font-family:Arial; font-size:10pt">n</font><font style="font-family:Arial; font-size:10pt">ot authorized any</font><font style="font-family:Arial; font-size:10pt">one to provide any information or to make any representations other than those contained or incorporated by reference in this </font><font style="font-family:Arial; font-size:10pt">p</font><font style="font-family:Arial; font-size:10pt">rospectus </font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt">upplement, the accompanying </font><font style="font-family:Arial; font-size:10pt">p</font><font style="font-family:Arial; font-size:10pt">rospectus or in any free writing prospectuses</font><font style="font-family:Arial; font-size:10pt"> that AMERCO may prep</font><font style="font-family:Arial; font-size:10pt">are. </font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">We take no responsibility for, and can provide no </font><font style="font-family:Arial; font-size:10pt">assurance</font><font style="font-family:Arial; font-size:10pt"> as to the reliability of, any other information that others may give you. </font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">This </font><font style="font-family:Arial; font-size:10pt">p</font><font style="font-family:Arial; font-size:10pt">rospectus </font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt">upplement and the accompanying </font><font style="font-family:Arial; font-size:10pt">p</font><font style="font-family:Arial; font-size:10pt">rospectus is an offer to </font><font style="font-family:Arial; font-size:10pt">invite subscriptions to purchase </font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">n</font><font style="font-family:Arial; font-size:10pt">otes, but o</font><font style="font-family:Arial; font-size:10pt">nly under circumstances and in jurisdictions where it is lawful to do so. </font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">The information contained in this </font><font style="font-family:Arial; font-size:10pt">p</font><font style="font-family:Arial; font-size:10pt">rospectus </font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt">upplement and the accompanying </font><font style="font-family:Arial; font-size:10pt">p</font><font style="font-family:Arial; font-size:10pt">rospectus is current only as of the respective dates of such documents. </font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">If there is any inconsistency between the information in this </font><font style="font-family:Arial; font-size:10pt">prospectus s</font><font style="font-family:Arial; font-size:10pt">upplement and the accompanying </font><font style="font-family:Arial; font-size:10pt">p</font><font style="font-family:Arial; font-size:10pt">rospectus, you should r</font><font style="font-family:Arial; font-size:10pt">ely on the information in this p</font><font style="font-family:Arial; font-size:10pt">rospectus </font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt">upplement. </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">WHERE YOU CAN FIND MORE INFORMATION</font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO is</font><font style="font-family:Arial; font-size:10pt"> subject to the informati</font><font style="font-family:Arial; font-size:10pt">onal requirements of the </font><font style="font-family:Arial; font-size:10pt">Securities and Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), </font><font style="font-family:Arial; font-size:10pt">and in accordance therewith file</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt"> reports, proxy statements and other information with the Securities and Exchange Commission</font><font style="font-family:Arial; font-size:10pt"> (the &#8220;SEC&#8221;)</font><font style="font-family:Arial; font-size:10pt">.&#160; </font><font style="font-family:Arial; font-size:10pt">AMERCO&#8217;s</font><font style="font-family:Arial; font-size:10pt"> filings are </font><font style="font-family:Arial; font-size:10pt">available to the public over the Internet at </font><font style="font-family:Arial; font-size:10pt">the SEC&#8217;s</font><font style="font-family:Arial; font-size:10pt"> website at </font><font style="font-family:Arial; font-size:10pt; font-style:italic; text-decoration:underline">sec.gov</font><font style="font-family:Arial; font-size:10pt">, as well as at </font><font style="font-family:Arial; font-size:10pt">AMERCO&#8217;s </font><font style="font-family:Arial; font-size:10pt">website</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt; font-style:italic; text-decoration:underline">amerco.com</font><font style="font-family:Arial; font-size:10pt">. You may also read and copy, at prescribed rates, any document </font><font style="font-family:Arial; font-size:10pt">AMERCO</font><font style="font-family:Arial; font-size:10pt"> file</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt"> with the </font><font style="font-family:Arial; font-size:10pt">SEC</font><font style="font-family:Arial; font-size:10pt"> at the Public Reference Room of the Securities and Exchange Commission located at </font><font style="font-family:Arial; font-size:10pt">100 F Street, N.E.</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">Washington</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">D.C.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">20549</font><font style="font-family:Arial; font-size:10pt">.&#160; Please call the </font><font style="font-family:Arial; font-size:10pt">SEC at 1-800-732</font><font style="font-family:Arial; font-size:10pt">-0330 for further information on the </font><font style="font-family:Arial; font-size:10pt">SEC&#8217;s</font><font style="font-family:Arial; font-size:10pt"> Public Reference Room.</font><font style="font-family:Arial; font-size:10pt"> </font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In this </font><font style="font-family:Arial; font-size:10pt">prospectus</font><font style="font-family:Arial; font-size:10pt"> supplement, as permitted by law, we &#8220;incorporate by reference&#8221; information from other documents that AMERCO files with the SEC. This means that we can disclose important information to you by referring you to those documents. The information incorporated </font><font style="font-family:Arial; font-size:10pt">by reference is considered to be a part of this prospectus supplement and should be read with the same care. When AMERCO updates the information contained in documents that have been incorporated by reference by making future filings with the SEC, the info</font><font style="font-family:Arial; font-size:10pt">rmation incorporated by reference in this prospectus supplement is considered to be automatically updated and superseded. In other words, in case of a conflict or inconsistency between information contained in this prospectus supplement and information inc</font><font style="font-family:Arial; font-size:10pt">orporated by reference into this prospectus supplement, you should rely on the information contained in the document that was filed later. </font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We incorporate by reference in this prospectus</font><font style="font-family:Arial; font-size:10pt"> supplement</font><font style="font-family:Arial; font-size:10pt"> the documents listed below:</font></p>
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            <p style="margin:0pt 0pt 0pt 54pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">our </font><font style="font-family:Arial; font-size:10pt">A</font><font style="font-family:Arial; font-size:10pt">nnual </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">eport on Form 10</font><font style="font-family:Arial; font-size:10pt">-K for the fiscal year ended March 31, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">;</font></p>
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            <p style="margin:0pt 0pt 0pt 54pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">those portions of our definitive proxy statement on Schedule 14A dated July 1</font><font style="font-family:Arial; font-size:10pt">8</font><font style="font-family:Arial; font-size:10pt">, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">, incorporated by reference in our </font><font style="font-family:Arial; font-size:10pt">A</font><font style="font-family:Arial; font-size:10pt">nnual </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">eport on Form 10-K for the year ended March 31, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">;</font></p>
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            <p style="margin:0pt 0pt 0pt 54pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">our </font><font style="font-family:Arial; font-size:10pt">Q</font><font style="font-family:Arial; font-size:10pt">uarterly </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">eports on F</font><font style="font-family:Arial; font-size:10pt">orm 10-Q for the fiscal quarters ended June 30, 201</font><font style="font-family:Arial; font-size:10pt">2, September 30, 2012 and December 31, 2012</font><font style="font-family:Arial; font-size:10pt">;</font><font style="font-family:Arial; font-size:10pt"> and</font></p>
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            <p style="margin:0pt 0pt 0pt 54pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">our current reports on Form 8-K filed on August 27, 2010, September 10, 2010, February 3, 2011, February 22, 2011, February 25, 2011,</font><font style="font-family:Arial; font-size:10pt"> March 1, 2011, March 2, 2011,</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">March 4, 2011, March 22, 2011, March 22, 2011, April 1, 2011, April 7, 2011, April 22, 2011, June 23, 2011, July 20, 2011, August 17, 2011, August 29, 2011, September 28, 2011, October 31, 2011, December 13, 2011, December 28</font><font style="font-family:Arial; font-size:10pt">, 2011 (Form 8-K/A), January 18, 2012, February 2, 2012, </font><a name="EDGAR_PAGE_END4"></a></p>
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            <p style="margin:0pt 0pt 0pt 54pt; text-align:justify"><a name="EDGAR_PAGE_START5"></a><font style="font-family:Arial; font-size:10pt">February 14, 2012, March 26, 2012, May 15, 2012, June 12, 2012,&#160; August 21, 2012, two such filings on September 4, 2012 and January 15, 2013.</font></p>
            <p style="margin:0pt 0pt 0pt 54pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Unless stated otherwise in the applicable report, infor</font><font style="font-family:Arial; font-size:10pt">mation furnished under Item</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">2.02 or 7.01 of our Current Reports on Form</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">8-K is not incorporated by reference. </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">Other than any documents expressly incorporated by reference, the information on our website and any other website that is referred to in this p</font><font style="font-family:Arial; font-size:10pt">rospectus supplement is not part of this prospectus supplement. </font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">You may obtain any of the documents incorporated by reference in this prospectus</font><font style="font-family:Arial; font-size:10pt"> supplement</font><font style="font-family:Arial; font-size:10pt"> from the SEC through the SEC&#8217;s website at the address provided above.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">You also may request a copy</font><font style="font-family:Arial; font-size:10pt"> of any document incorporated by reference in this prospectus (excluding any exhibits to those documents, unless the exhibit is specifically</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">incorporated by reference in this document), at no cost.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Requests should be directed to AMERCO, </font><font style="font-family:Arial; font-size:10pt">Corporate Secretar</font><font style="font-family:Arial; font-size:10pt">y, </font><font style="font-family:Arial; font-size:10pt">c/o U-Haul International, Inc., </font><font style="font-family:Arial; font-size:10pt">2727 N. Central Avenue</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">Phoenix</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">AZ</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">85004</font><font style="font-family:Arial; font-size:10pt">, telephone (602) 263-</font><font style="font-family:Arial; font-size:10pt">6788.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We&#160; own the registered trademarks or service marks &#8220;</font><font style="font-family:Arial; font-size:10pt">U-Haul</font><font style="font-family:Arial; font-size:10pt">&#174;&#8221;, </font><font style="font-family:Arial; font-size:10pt">&#8220;</font><font style="font-family:Arial; font-size:10pt">AMERCO&#174;</font><font style="font-family:Arial; font-size:10pt">&#8221;</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">&#8220;</font><font style="font-family:Arial; font-size:10pt">In-Town&#174;</font><font style="font-family:Arial; font-size:10pt">&#8221;</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">&#8220;</font><font style="font-family:Arial; font-size:10pt">eMove&#174;</font><font style="font-family:Arial; font-size:10pt">&#8221;, &#8220;</font><font style="font-family:Arial; font-size:10pt">C.A.R.D.&#174;</font><font style="font-family:Arial; font-size:10pt">&#8221;, </font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">&#8220;</font><font style="font-family:Arial; font-size:10pt">Safemove&#174;</font><font style="font-family:Arial; font-size:10pt">&#8221;, &#8220;</font><font style="font-family:Arial; font-size:10pt">WebSelfStora</font><font style="font-family:Arial; font-size:10pt">g</font><font style="font-family:Arial; font-size:10pt">e</font><font style="font-family:Arial; font-size:10pt">&#174;&#8221;, &#8220;</font><font style="font-family:Arial; font-size:10pt">webselfstorage.com</font><font style="font-family:Arial; font-size:8pt">(SM)</font><font style="font-family:Arial; font-size:10pt">&#8221;, &#8220;</font><font style="font-family:Arial; font-size:10pt">uhaul.com</font><font style="font-family:Arial; font-size:8pt">&#174;</font><font style="font-family:Arial; font-size:10pt">&#8221;, &#8220;</font><font style="font-family:Arial; font-size:10pt">Lowest Decks</font><font style="font-family:Arial; font-size:8pt">(SM)</font><font style="font-family:Arial; font-size:10pt">&#8221;, &#8220;</font><font style="font-family:Arial; font-size:10pt">Gentle Ride Suspension</font><font style="font-family:Arial; font-size:8pt">(SM)</font><font style="font-family:Arial; font-size:10pt">&#8221;, &#8220;</font><font style="font-family:Arial; font-size:10pt">Mom&#8217;s Attic</font><font style="font-family:Arial; font-size:8pt">&#174;</font><font style="font-family:Arial; font-size:10pt">&#8221;, </font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">&#8220;</font><font style="font-family:Arial; font-size:10pt">U-Box</font><font style="font-family:Arial; font-size:10pt">&#174;&#8221;, </font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">&#8220;</font><font style="font-family:Arial; font-size:10pt">Moving Help</font><font style="font-family:Arial; font-size:10pt">&#174;&#8221;, &#8220;</font><font style="font-family:Arial; font-size:10pt">Safestor&#174;</font><font style="font-family:Arial; font-size:10pt">&#8221;</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">&#8220;U-Haul Investors Club&#8482;&#8221;, &#8220;uhaulinvestorsclub.com</font><font style="font-family:Arial; font-size:8pt">(SM)</font><font style="font-family:Arial; font-size:10pt">&#8221;, &#8220;U-Note&#8482;&#8221;, </font><font style="font-family:Arial; font-size:10pt">among others, for use in connection with the moving and storage business.&#160; This prospectus supplement also includes product name and other </font><font style="font-family:Arial; font-size:10pt">trade names</font><font style="font-family:Arial; font-size:10pt"> and service marks </font><font style="font-family:Arial; font-size:10pt">owned by</font><font style="font-family:Arial; font-size:10pt"> AMERCO </font><font style="font-family:Arial; font-size:10pt">or</font><font style="font-family:Arial; font-size:10pt"> its </font><font style="font-family:Arial; font-size:10pt">affiliates</font><font style="font-family:Arial; font-size:10pt">.&#160; </font></p>
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            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">NOTE REGARDING FORWARD</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; text-transform:uppercase">-</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">LOOKING STATEMENTS</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">This </font><font style="font-family:Arial; font-size:10pt">prospectus</font><font style="font-family:Arial; font-size:10pt"> supplement</font><font style="font-family:Arial; font-size:10pt"> contains &#8220;forward-looking statements&#8221; regarding future events and our future results of operations. </font><font style="font-family:Arial; font-size:10pt"> AMERCO </font><font style="font-family:Arial; font-size:10pt">may make additional written or oral forward-looking statements from time to time in filings with the SEC or otherwise. We beli</font><font style="font-family:Arial; font-size:10pt">eve such forward-looking statements are within the meaning of the </font><font style="font-family:Arial; font-size:10pt">safe</font><font style="font-family:Arial; font-size:10pt">-harbor provisions of Section 27A of the Securities Act</font><font style="font-family:Arial; font-size:10pt"> of 1933, as amended (the &#8220;Securities Act&#8221;)</font><font style="font-family:Arial; font-size:10pt">, and Section 21E of </font><font style="font-family:Arial; font-size:10pt">the</font><font style="font-family:Arial; font-size:10pt"> Exchange Act. </font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">Such statements may include, but are not limited</font><font style="font-family:Arial; font-size:10pt"> to, projections of revenues, earnings or loss, estimates of capital expenditures, plans for future operations, products or services, financing needs and plans; our perceptions of our legal positions and anticipated outcomes of government investigations an</font><font style="font-family:Arial; font-size:10pt">d pending litigation against us, liquidity, goals and strategies, plans for new business, storage occupancy, growth rate assumptions, pricing, costs, and access to capital and leasing markets as well as assumptions relating to the foregoing. The words &#8220;bel</font><font style="font-family:Arial; font-size:10pt">ieve,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;project&#8221; and similar expressions identify forward-looking statements, which speak only as of the date the statement was made.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Forward-looking statements are inherently subject to risks </font><font style="font-family:Arial; font-size:10pt">and uncertainties, some of which cannot be predicted or quantified. Factors that could significantly affect resu</font><font style="font-family:Arial; font-size:10pt">lts include, without limitation: the risks enumerated in the </font><font style="font-family:Arial; font-size:10pt">&#8220;Risk Factors&#8221; </font><font style="font-family:Arial; font-size:10pt">section </font><font style="font-family:Arial; font-size:10pt">beginning on page </font><font style="font-family:Arial; font-size:10pt">S-9 </font><font style="font-family:Arial; font-size:10pt">of this prospectus supplement</font><font style="font-family:Arial; font-size:10pt">, as well</font><font style="font-family:Arial; font-size:10pt"> as the following: </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> ability to op</font><font style="font-family:Arial; font-size:10pt">erate pursuant to the terms of our</font><font style="font-family:Arial; font-size:10pt"> credit facilities; </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> ability to maintain contracts that are critical to </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> operations; the costs and availability of financing; </font><font style="font-family:Arial; font-size:10pt">our</font><font style="font-family:Arial; font-size:10pt"> ability to execute </font><font style="font-family:Arial; font-size:10pt">our </font><font style="font-family:Arial; font-size:10pt">business plan; </font><font style="font-family:Arial; font-size:10pt">our </font><font style="font-family:Arial; font-size:10pt">ability </font><font style="font-family:Arial; font-size:10pt">to attract, motivate and retain employees; general economic conditions; fluctuations in our costs to maintain and update our fleet and facilities; our ability to refinance our debt; changes in government regulations, particularly environmental regulations;</font><font style="font-family:Arial; font-size:10pt"> our credit ratings; the availability of credit; changes in demand for our products; changes in the general domestic economy; the degree and nature of our competition; the resolution of pending litigation against </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt">; changes in accounting standards and oth</font><font style="font-family:Arial; font-size:10pt">er factors described in this report or the other documents </font><font style="font-family:Arial; font-size:10pt">AMERCO</font><font style="font-family:Arial; font-size:10pt"> file</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt"> with the SEC. The above factors, as well as other statements in</font><font style="font-family:Arial; font-size:10pt"> this</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">prospectus supplement or in the incorporated documents</font><font style="font-family:Arial; font-size:10pt">, could contribute to or cause such risks or uncertainties, or could cause our </font><font style="font-family:Arial; font-size:10pt">performance</font><font style="font-family:Arial; font-size:10pt"> to fluctuate dramatically. </font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">Consequently, forward-looking statements should not be regarded as representations or warranties by </font><font style="font-family:Arial; font-size:10pt">us</font><font style="font-family:Arial; font-size:10pt"> that such matters will be realized</font><font style="font-family:Arial; font-size:10pt"> and readers are </font><font style="font-family:Arial; font-size:10pt">cautioned not to place undue reliance on</font><font style="font-family:Arial; font-size:10pt"> them</font><font style="font-family:Arial; font-size:10pt">. </font><font style="font-family:Arial; font-size:10pt"> We assume</font><font style="font-family:Arial; font-size:10pt"> no obliga</font><font style="font-family:Arial; font-size:10pt">tion to update or revise any </font><font style="font-family:Arial; font-size:10pt">forward-looking </font><a name="EDGAR_PAGE_END5"></a></p>
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            <p style="margin:0pt; text-align:justify"><a name="EDGAR_PAGE_START6"></a><font style="font-family:Arial; font-size:10pt">statements, whether in response to new information, unforeseen events, changed circumstances or otherwise. </font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">You should caref</font><font style="font-family:Arial; font-size:10pt">ully consider the trends, risks and </font><font style="font-family:Arial; font-size:10pt">uncertainties described in the </font><font style="font-family:Arial; font-size:10pt">&#8220;Risk Factors&#8221;</font><font style="font-family:Arial; font-size:10pt"> section</font><font style="font-family:Arial; font-size:10pt"> beginning on page </font><font style="font-family:Arial; font-size:10pt">S-9</font><font style="font-family:Arial; font-size:10pt"> of this prospectus supplement</font><font style="font-family:Arial; font-size:10pt"> and other information in this prospectus and reports filed with the SEC before making any investmen</font><font style="font-family:Arial; font-size:10pt">t decision with</font><font style="font-family:Arial; font-size:10pt"> respect to the n</font><font style="font-family:Arial; font-size:10pt">otes. </font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">If any of the</font><font style="font-family:Arial; font-size:10pt">se</font><font style="font-family:Arial; font-size:10pt"> trends, risks or uncertainties actually occurs or continues, our business, financial condition or operating results could be materially adversely affected. All forward-looking statements attributable to us or persons</font><font style="font-family:Arial; font-size:10pt"> acting on our behalf are expressly qualified in their entirety by this cautionary statement.</font></p>
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            <p style="margin:12pt 0pt 3pt; text-align:center"><a name="EDGAR_PAGE_START7"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">PROSPECTUS SUPPLEMENT SUMMARY</font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-style:italic">This summary highlights selected information contained elsewhere or incorporated by reference in this </font><font style="font-family:Arial; font-size:10pt; font-style:italic">prospectus supplement and may not contain all the information that you need to consider in making your investment decision with respect to the notes.&#160; You should carefully read this entire prospectus supplement, and the accompanying prospectus, as well as </font><font style="font-family:Arial; font-size:10pt; font-style:italic">the information incorporated by reference herein, before deciding whether to invest.&#160; You should pay special attention to the &#8220;Risk Factors&#8221; section beginning on page S-9 of this prospectus supplement to determine whether an investment in the notes is appr</font><font style="font-family:Arial; font-size:10pt; font-style:italic">opriate for you.</font></p>
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            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">About </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">AMERCO and U-Haul</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO, a </font><font style="font-family:Arial; font-size:10pt">Nevada</font><font style="font-family:Arial; font-size:10pt"> corporation (&#8220;AMERCO&#8221;), is the holding company for U-Haul International, Inc. (&#8220;U-Haul&#8221;), Amerco Real Estate Company (&#8220;Real Estate&#8221;), Repwest Insurance Company (&#8220;Repwest&#8221;) and Oxford Life Insuranc</font><font style="font-family:Arial; font-size:10pt">e Company (&#8220;</font><font style="font-family:Arial; font-size:10pt">Oxford</font><font style="font-family:Arial; font-size:10pt">&#8221;).&#160; </font><font style="font-family:Arial; font-size:10pt">Unless otherwise indicated or unless the context requires otherwise, all references in this </font><font style="font-family:Arial; font-size:10pt">p</font><font style="font-family:Arial; font-size:10pt">rospectus </font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt">upplement to &#8220;we&#8221;, &#8220;us&#8221;, &#8220;our&#8221;</font><font style="font-family:Arial; font-size:10pt"> or</font><font style="font-family:Arial; font-size:10pt"> the &#8220;Company&#8221; me</font><font style="font-family:Arial; font-size:10pt">an AMERCO and its subsidiaries; and all references in this prospectus supplemen</font><font style="font-family:Arial; font-size:10pt">t to &#8220;AMERCO&#8221; mean AMERCO only, excluding its subsidiaries.&#160; </font></p>
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            <p style="margin:0pt; text-indent:17.3pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Through U-Haul, we believe that we are </font><font style="font-family:Arial; font-size:10pt">North America&#8217;s largest </font><font style="font-family:Arial; font-size:10pt">and most comprehensive </font><font style="font-family:Arial; font-size:10pt">&#8220;do-it-yourse</font><font style="font-family:Arial; font-size:10pt">lf&#8221; moving and storage operator.&#160; Our primary focus is to provide our customers with a wide </font><font style="font-family:Arial; font-size:10pt">selection of moving rental equipment, convenient self-storage rental facilities and related moving and self-storage products and services.&#160; We aim to expand our distribution and improve customer service by increasing the amount of moving&#160; equipment and sto</font><font style="font-family:Arial; font-size:10pt">rage rooms available for rent, expanding the number of independent dealers in our network and expanding and taking advantage of our growing eMove</font><font style="font-family:Arial; font-size:10pt">&#174;</font><font style="font-family:Arial; font-size:10pt"> capabilities, an online marketplace that connects consumers to independent Moving Help</font><font style="font-family:Arial; font-size:10pt">&#8482;</font><font style="font-family:Arial; font-size:10pt"> service providers and</font><font style="font-family:Arial; font-size:10pt"> independent self-storage facilities.</font></p>
            <p style="margin:0pt; text-indent:17.3pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:17.3pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">As of March 31, 2012, the </font><font style="font-family:Arial; font-size:10pt">U-Haul system included</font><font style="font-family:Arial; font-size:10pt"> ov</font><font style="font-family:Arial; font-size:10pt">er 1,450 owned and managed retail moving centers </font><font style="font-family:Arial; font-size:10pt">and approximately </font><font style="font-family:Arial; font-size:10pt">15,500 independent dealer locations.</font><font style="font-family:Arial; font-size:10pt">&#160; </font><font style="font-family:Arial; font-size:10pt">U-Haul</font><font style="font-family:Arial; font-size:10pt"> is a leader in supplying products and services to help</font><font style="font-family:Arial; font-size:10pt"> people move and store their h</font><font style="font-family:Arial; font-size:10pt">ousehold and commercial goods. </font></p>
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            <p style="margin:0pt; text-indent:17.3pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Each of the owned and managed retail moving centers and the i</font><font style="font-family:Arial; font-size:10pt">ndependent </font><font style="font-family:Arial; font-size:10pt">d</font><font style="font-family:Arial; font-size:10pt">ealer</font><font style="font-family:Arial; font-size:10pt"> locations</font><font style="font-family:Arial; font-size:10pt"> rent distinctive orange and white U-Haul trucks and trailers.&#160; </font><font style="font-family:Arial; font-size:10pt">The</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">owned and managed retail moving cente</font><font style="font-family:Arial; font-size:10pt">rs</font><font style="font-family:Arial; font-size:10pt"> typically </font><font style="font-family:Arial; font-size:10pt">also </font><font style="font-family:Arial; font-size:10pt">offer self-storage rooms to customers, and </font><font style="font-family:Arial; font-size:10pt">U-Haul </font><font style="font-family:Arial; font-size:10pt">has </font><font style="font-family:Arial; font-size:10pt">thousands of </font><font style="font-family:Arial; font-size:10pt">independent storage affiliates.&#160; M</font><font style="font-family:Arial; font-size:10pt">any</font><font style="font-family:Arial; font-size:10pt"> of the </font><font style="font-family:Arial; font-size:10pt">locations </font><font style="font-family:Arial; font-size:10pt">also sell U-Haul brand boxes, tape and other moving and self-storage products and services to moving and storage cus</font><font style="font-family:Arial; font-size:10pt">tomers, and </font><font style="font-family:Arial; font-size:10pt">U-Haul</font><font style="font-family:Arial; font-size:10pt"> sells similar products and services to such customers through </font><font style="font-family:Arial; font-size:10pt">its </font><font style="font-family:Arial; font-size:10pt">website</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt; font-style:italic; text-decoration:underline">uhaul.com</font><font style="font-family:Arial; font-size:10pt">. </font></p>
            <p style="margin:0pt; text-indent:17.3pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:17.3pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In addition, c</font><font style="font-family:Arial; font-size:10pt">ustomers are offered moving and storage protection packages such as SafeMove&#8482; and SafeTow&#8482;, providing moving and towing customers with </font><font style="font-family:Arial; font-size:10pt">a collision damage waiver, cargo protection and medical and life coverage.</font><font style="font-family:Arial; font-size:10pt">&#160; For customers who desire additional coverage over and above the standard </font><font style="font-family:Arial; font-size:10pt">SafeMove&#8482;</font><font style="font-family:Arial; font-size:10pt"> protection, </font><font style="font-family:Arial; font-size:10pt">U-Haul</font><font style="font-family:Arial; font-size:10pt"> also offers its Super </font><font style="font-family:Arial; font-size:10pt">SafeMove&#8482;</font><font style="font-family:Arial; font-size:10pt"> product. This package provides the rental cust</font><font style="font-family:Arial; font-size:10pt">omer with a layer of primary liability protection.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">T</font><font style="font-family:Arial; font-size:10pt">he current provider of SafeMove&#8482; and Super SafeMove&#8482; </font><font style="font-family:Arial; font-size:10pt">coverage is Repwest</font><font style="font-family:Arial; font-size:10pt">.&#160; </font></p>
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            <p style="margin:0pt; text-indent:17.3pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We believe</font><font style="font-family:Arial; font-size:10pt"> that </font><font style="font-family:Arial; font-size:10pt">U-Haul is </font><font style="font-family:Arial; font-size:10pt">the most convenient supplier of products and services addressing the needs of </font><font style="font-family:Arial; font-size:10pt">the </font><font style="font-family:Arial; font-size:10pt">United States</font><font style="font-family:Arial; font-size:10pt"> and C</font><font style="font-family:Arial; font-size:10pt">anadian</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">&#8220;do-it-yourself&#8221;</font><font style="font-family:Arial; font-size:10pt"> moving and storage market.&#160; The </font><font style="font-family:Arial; font-size:10pt">U-Haul s</font><font style="font-family:Arial; font-size:10pt">ystem&#8217;s broad geographic coverage throughout the United States and Canada and the extensive selection of U-Haul brand moving equipment rentals, self-storage rooms and related moving and stora</font><font style="font-family:Arial; font-size:10pt">ge products and services provide </font><font style="font-family:Arial; font-size:10pt">U-Haul</font><font style="font-family:Arial; font-size:10pt"> customers with convenient &#8220;one-stop&#8221; shopping. </font><font style="font-family:Arial; font-size:10pt">&#160; </font><font style="font-family:Arial; font-size:10pt">As of </font><font style="font-family:Arial; font-size:10pt">March</font><font style="font-family:Arial; font-size:10pt"> 31, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">, the </font><font style="font-family:Arial; font-size:10pt">U-Haul</font><font style="font-family:Arial; font-size:10pt"> rental fleet consisted of approximately </font><font style="font-family:Arial; font-size:10pt">106,000</font><font style="font-family:Arial; font-size:10pt"> trucks and vans, </font><font style="font-family:Arial; font-size:10pt">83,000</font><font style="font-family:Arial; font-size:10pt"> trailers and </font><font style="font-family:Arial; font-size:10pt">33,000</font><font style="font-family:Arial; font-size:10pt"> tow devices.</font></p>
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            <p style="margin:0pt; text-indent:17.3pt; text-align:justify"><a name="EDGAR_PAGE_START8"></a><font style="font-family:Arial; font-size:10pt">Prior and subsequent to </font><font style="font-family:Arial; font-size:10pt">this offering of notes, AMERCO is issuing additional series of collateralized notes through the U-Haul Investors Club.&#160;&#160; Additionally, AMERCO intends to offer further series of notes, in the future, through the U-Haul Investors Club.&#160; </font></p>
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            <p style="margin:0pt; text-indent:17.3pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO is</font><font style="font-family:Arial; font-size:10pt"> a publicly traded </font><font style="font-family:Arial; font-size:10pt">Nevada</font><font style="font-family:Arial; font-size:10pt"> corporation.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt"> AMERCO&#8217;s </font><font style="font-family:Arial; font-size:10pt">common stock is listed on the NASDAQ Global Selec</font><font style="font-family:Arial; font-size:10pt">t Market under the symbol &#8220;UHAL</font><font style="font-family:Arial; font-size:10pt">&#8221;</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt"> AMERCO&#8217;s </font><font style="font-family:Arial; font-size:10pt">principal executive offices are located at 1325 Airmotive Way, Suite 100, Reno, Nevada 89502-3239. </font><font style="font-family:Arial; font-size:10pt">Its</font><font style="font-family:Arial; font-size:10pt"> website ad</font><font style="font-family:Arial; font-size:10pt">dress is </font><font style="font-family:Arial; font-size:10pt; font-style:italic; text-decoration:underline; color:#0000ff">amerco.com</font><font style="font-family:Arial; font-size:10pt; font-style:italic">.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">You can get more information regarding our business by reading </font><font style="font-family:Arial; font-size:10pt">our </font><font style="font-family:Arial; font-size:10pt">A</font><font style="font-family:Arial; font-size:10pt">nnual </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">eport on Form 10-K for the </font><font style="font-family:Arial; font-size:10pt">fiscal year ended March 31, 2012 </font><font style="font-family:Arial; font-size:10pt">and the other reports and information that </font><font style="font-family:Arial; font-size:10pt">AMERCO </font><font style="font-family:Arial; font-size:10pt">file</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt"> with</font><font style="font-family:Arial; font-size:10pt"> the SEC.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">See &#8220;Wher</font><font style="font-family:Arial; font-size:10pt">e You Can Find More Information&#8221; on </font><font style="font-family:Arial; font-size:10pt">page S-</font><font style="font-family:Arial; font-size:10pt">i of this prospectus supplement.</font></p>
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_PAGE_START9"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">The Offering</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The following summary describes the principal terms of the notes and the U-Haul Investors Club. Certain of the terms and conditions below are subject to important limitations and exceptions.&#160; For a more detailed description of the terms and conditions of t</font><font style="font-family:Arial; font-size:10pt">he notes and the U-Haul Investors Club, see &#8220;</font><font style="font-family:Arial; font-size:10pt">Description of the Notes</font><font style="font-family:Arial; font-size:10pt">&#8221; beginning on page S-19 of this prospectus supplement and &#8220;U-Haul Investors Club&#8221; beginning on page S-37 of this prospectus supplement.</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO.</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Notes</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> Offered; Notes Issued in Sub-Series</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Up to $</font><font style="font-family:Arial; font-size:10pt">10,290,000</font><font style="font-family:Arial; font-size:10pt"> aggregate principal amount of Fixed Rate Secured Notes </font><font style="font-family:Arial; font-size:10pt">Series UIC-</font><font style="font-family:Arial; font-size:10pt">10C</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">11C, 12C and 13C </font><font style="font-family:Arial; font-size:10pt">(the &#8220;notes&#8221;).&#160; The notes will be issued from time to time in up to four separate series, with each series having</font><font style="font-family:Arial; font-size:10pt"> one or more separate sub-series bearing a unique interest rate and term as provided herein.&#160; As notes are offered, prospective investors shall have the opportunity to select the series and sub-series of notes for which such prospective investor is subscri</font><font style="font-family:Arial; font-size:10pt">bing.&#160; </font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Notes issued under Series UIC-</font><font style="font-family:Arial; font-size:10pt">10C</font><font style="font-family:Arial; font-size:10pt"> shall be limited in aggregate principal amount to $</font><font style="font-family:Arial; font-size:10pt">450,000</font><font style="font-family:Arial; font-size:10pt">.&#160; Notes issued under Series UIC-</font><font style="font-family:Arial; font-size:10pt">11C</font><font style="font-family:Arial; font-size:10pt"> shall be limited in aggregate principal amount to $</font><font style="font-family:Arial; font-size:10pt">6,000,000</font><font style="font-family:Arial; font-size:10pt">. Notes issued under Series UIC-1</font><font style="font-family:Arial; font-size:10pt">2C</font><font style="font-family:Arial; font-size:10pt"> shall be limited in ag</font><font style="font-family:Arial; font-size:10pt">gregate principal amount to $</font><font style="font-family:Arial; font-size:10pt">2,504,000</font><font style="font-family:Arial; font-size:10pt">; and notes issued under Series UIC-1</font><font style="font-family:Arial; font-size:10pt">3C</font><font style="font-family:Arial; font-size:10pt"> shall be limited in aggregate principal amount to $</font><font style="font-family:Arial; font-size:10pt">1,336,000</font><font style="font-family:Arial; font-size:10pt">.&#160; </font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Notes will be issued within five business day following our receipt and acceptance of investor subscriptions with respect to any sub-series of the notes in the aggregate principal amount of </font><font style="font-family:Arial; font-size:10pt">$1,000</font><font style="font-family:Arial; font-size:10pt"> for such sub-series, </font><font style="font-family:Arial; font-size:10pt">or at such other time as AMERCO determ</font><font style="font-family:Arial; font-size:10pt">ines in its sole discretion.&#160; Interest on issued notes shall commence to accrue on the issue date. </font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The respective sub-series of notes hereunder shall bear the following interest rate and term:&#160;&#160; </font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a </font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">-year term shall bear interest at 3.</font><font style="font-family:Arial; font-size:10pt">00</font><font style="font-family:Arial; font-size:10pt">% per annum</font></p>
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a 3-year term shall bear interest at 3.75% per annum</font></p>
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a 4-year term shall bear interest at 4.27% per annum</font></p>
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">- Al</font><font style="font-family:Arial; font-size:10pt">l sub-series of notes with a 5-year term shall bear interest at 4.80% per annum</font></p>
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a 6-year term shall bear interest at 5.32% per annum</font></p>
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a 7-year term shall bear interest at 5.85% per annum</font></p>
                        <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">- All su</font><font style="font-family:Arial; font-size:10pt">b-series of notes with a 8-year term shall bear interest at 6.37% per annum</font></p>
                        <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a </font><font style="font-family:Arial; font-size:10pt">9</font><font style="font-family:Arial; font-size:10pt">-year term shall bear interest at 6.</font><font style="font-family:Arial; font-size:10pt">51</font><font style="font-family:Arial; font-size:10pt">% per annum</font></p>
                        <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a </font><font style="font-family:Arial; font-size:10pt">10</font><font style="font-family:Arial; font-size:10pt">-year</font><font style="font-family:Arial; font-size:10pt"> term shall bear interest at 6.65</font><font style="font-family:Arial; font-size:10pt">% per annum</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Minimu</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">m Investment</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">$100.</font></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_9"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">3</font><a name="EDGAR_HF_F_END_10"></a></p>
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                        <p style="margin:0pt"><a name="EDGAR_PAGE_START10"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Principal and Interest Payment Date;&#160; Credited to Holders&#8217; U-Haul Investors Club Account</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The notes are fully amortizing.&#160; Principal and interest on the notes will be credited to each holder&#8217;s U-Haul Investors Club </font><font style="font-family:Arial; font-size:10pt">account in arrears on the payment date, which is every three months, beginning three months from the issue </font><font style="font-family:Arial; font-size:10pt">date through the maturity date; provided, however, principal and interest payments with respect to notes issued under Series UIC-10C will be credited</font><font style="font-family:Arial; font-size:10pt"> to such holder&#8217;s U-Haul Investors Club&#8482; account in arrears three months from the issue date of the first subseries of notes issued to any investor under Series UIC-10C, and shall be based on the actual number of days the holder is invested in such notes d</font><font style="font-family:Arial; font-size:10pt">uring such quarter.&#160; </font><font style="font-family:Arial; font-size:10pt">Principal and interest will be credited to the U-Haul Investors Club accounts of the holders who own the notes as of each applicable record date.</font><font style="font-family:Arial; font-size:10pt"> </font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The record date is the </font><font style="font-family:Arial; font-size:10pt">first day of the month preceding the related due </font><font style="font-family:Arial; font-size:10pt">date for the crediting of principal and interest on the notes.</font></p>
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                        <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">The notes issued under Series UIC-10C are secured by a first-priority lien on a pool of U-Haul furniture dollies manufactured in fiscal year 2013&#160; (the &#8220;Furniture Dollies&#8221;).&#160; </font><font style="font-family:Arial; font-size:10pt">For each $</font><font style="font-family:Arial; font-size:10pt">50</font><font style="font-family:Arial; font-size:10pt"> invested with us in the notes under Series UIC-</font><font style="font-family:Arial; font-size:10pt">10C</font><font style="font-family:Arial; font-size:10pt">, we will pledge t</font><font style="font-family:Arial; font-size:10pt">o the trustee, for the benefit of the noteholders, one </font><font style="font-family:Arial; font-size:10pt">Furniture Dolly</font><font style="font-family:Arial; font-size:10pt">.&#160;&#160; </font></p>
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                        <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">The notes issued under Series UIC-11C are secured by a first priority lien on a pool of U-Haul tow dollies manufactured in fiscal year 2014 (the &#8220;Tow Dollies&#8221;).&#160; </font><font style="font-family:Arial; font-size:10pt">For each $</font><font style="font-family:Arial; font-size:10pt">2,000</font><font style="font-family:Arial; font-size:10pt"> in</font><font style="font-family:Arial; font-size:10pt">vested with us in the notes under Series UIC-</font><font style="font-family:Arial; font-size:10pt">11C</font><font style="font-family:Arial; font-size:10pt">, we will pledge to the trustee, for the benefit of the noteholders, one </font><font style="font-family:Arial; font-size:10pt">Tow Dolly</font><font style="font-family:Arial; font-size:10pt">.&#160;&#160; </font></p>
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                        <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">The notes issued under Series UIC-12C are secured by a first priority lien on a pool of U-Haul AV model trailers manufac</font><font style="font-family:Arial; font-size:10pt">tured between 1990 and 2004 (the &#8220;AV 1990-2004 Units&#8221;).&#160; </font><font style="font-family:Arial; font-size:10pt">For each $</font><font style="font-family:Arial; font-size:10pt">1,000</font><font style="font-family:Arial; font-size:10pt"> invested with us in the notes under Series UIC-</font><font style="font-family:Arial; font-size:10pt">12C</font><font style="font-family:Arial; font-size:10pt">, we will pledge to the trustee, for the benefit of the noteholders, one </font><font style="font-family:Arial; font-size:10pt">AV 1990-2004 Unit</font><font style="font-family:Arial; font-size:10pt">.&#160;&#160; </font><font style="font-family:Arial; font-size:10pt"> </font></p>
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                        <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">The notes issued under Series UIC-13</font><font style="font-family:Arial; font-size:10pt">C are secured by a first priority lien on a pool of U-Haul RV model trailers manufactured between 1993 and 2001 (the &#8220;RV 1993-2001 Units&#8221;). </font><font style="font-family:Arial; font-size:10pt">For each $</font><font style="font-family:Arial; font-size:10pt">1,600</font><font style="font-family:Arial; font-size:10pt"> invested with us in the notes under Series UIC-</font><font style="font-family:Arial; font-size:10pt">13C</font><font style="font-family:Arial; font-size:10pt">, we will pledge to the trustee, for the benefit o</font><font style="font-family:Arial; font-size:10pt">f the noteholders, one </font><font style="font-family:Arial; font-size:10pt">RV 1993-2001 Unit</font><font style="font-family:Arial; font-size:10pt">.&#160;&#160; </font><font style="font-family:Arial; font-size:10pt"> </font></p>
                        <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The </font><font style="font-family:Arial; font-size:10pt">Furniture Dollies and Tow Dollies are owned by U-Haul Leasing &amp; Sales Co., an indirect subsidiary of AMERCO.&#160; The AV 1990-2004 Units are owned by U-Haul Co. of Florida and U-Haul Co. of Idaho; and the RV 1</font><font style="font-family:Arial; font-size:10pt">993-2001 Units are owned by U-Haul Co. of Florida.&#160;&#160; </font><font style="font-family:Arial; font-size:10pt"> The Initial Collateral is utilized in the operations of</font><font style="font-family:Arial; font-size:10pt"> the U-Haul system, in which U-Haul rental equipment and self-storage units are rented to customers in the ordinary course of business.</font><font style="font-family:Arial; font-size:10pt">&#160; No apprais</font><font style="font-family:Arial; font-size:10pt">al of the Initial Collateral has been or will be prepared by us or on our behalf in connection with this offering.&#160; </font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Substitution of Collateral</font></p>
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                        <p style="margin:0pt; text-align:justify"><a name="EDGAR_PAGE_END10"></a><font style="font-family:Arial; font-size:10pt">AMERCO has the right, in its sole discretion, to substitute or to cause any third party or affiliate to subs</font><font style="font-family:Arial; font-size:10pt">titute any assets (the &#8220;Replacement Collateral&#8221;) for all or part of the Collateral that from time to time secures the notes or any sub-series thereof, including the Initial Collateral and any Replacement Collateral (the &#8220;Collateral&#8221;), provided that the val</font><font style="font-family:Arial; font-size:10pt">ue of the Replacement Collateral is at least 100% of the value of the Collateral that is released at the time of substitution (the &#8220;Released Collateral&#8221;).&#160; In connection with any substitution of Collateral, the value of the Replacement Collateral and the R</font><font style="font-family:Arial; font-size:10pt">eleased Collateral is determinable by AMERCO in its sole discretion, and no appraisal will be prepared by us or on our behalf in this regard.&#160; AMERCO is permitted to make an unlimited number Collateral substitutions.</font></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_9"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">4</font><a name="EDGAR_HF_F_END_10"></a></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Th</font><font style="font-family:Arial; font-size:10pt">e value of the Collateral at any time will depend on market and other economic conditions, including the availability of suitable buyers for the Collateral. </font><font style="font-family:Arial; font-size:10pt"> </font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The notes are secured in the Collateral and will rank equally among themselves.&#160;&#160;&#160;&#160; </font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">No Subsidiary Guarantees</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The notes are not guaranteed by any subsidiary of AMERCO, and therefore will be effectively structurally subordinated to all of the existing and future claims of creditors of each of AMERCO&#8217;s subsidiaries, including U-Haul.</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The notes are being issued under a base indenture (&#8220;base indenture&#8221;) between AMERCO</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">and U.S. Bank National Association, as trustee (the &#8220;trustee&#8221;), an indenture supplement (&#8220;indenture supplement&#8221;) between AMERCO and the trustee, and a pledge and</font><font style="font-family:Arial; font-size:10pt"> security agreement (&#8220;security agreement&#8221;, and together with the base indenture, the indenture supplement, and </font><font style="font-family:Arial; font-size:10pt">any other instruments and documents executed and delivered pursuant to the foregoing documents, as the same may be amended, supplemented or other</font><font style="font-family:Arial; font-size:10pt">wise modified from time to time, </font><font style="font-family:Arial; font-size:10pt">the &#8220;financing documents&#8221;) among AMERCO, the trustee and Owner. The financing documents contain certain covenants for the benefit of the holders.&#160; These covenants consist of:</font></p>
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                        <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">maintenance of a first-priority lien on the Col</font><font style="font-family:Arial; font-size:10pt">lateral; and</font></p>
                        <p style="margin:0pt 0pt 0pt 18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                        <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">prohibition of additional liens on the Collateral.</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Optional Redemption</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Under the terms of the financing documents, the notes or any sub-series thereof may be redeemed by AMERCO in its sole discretion at any time, in whole or in part on a </font><font style="font-family:Arial; font-size:10pt">pro rata basis, without penalty, premium or fee, at a price equal to 100% of the principal amount then outstanding, plus accrued and unpaid interest, if any, through the date of redemption.&#160; </font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO intends to use the net proceeds from </font><font style="font-family:Arial; font-size:10pt">this offering to reimburse its subsidiaries and affiliates for the cost of production of the Collateral and for other general corporate purposes.</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The notes will not be listed on any national securities exchange.</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Rating</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The notes will not be</font><font style="font-family:Arial; font-size:10pt"> rated by any statistical rating organization.</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">U-Haul Investors Club</font></p>
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                        <p style="margin:0pt; text-align:justify"><a name="EDGAR_PAGE_END11"></a><font style="font-family:Arial; font-size:10pt">Through this offering, AMERCO is extending to investors the opportunity to subscribe to purchase notes.</font><font style="font-family:Arial; font-size:10pt">&#160; In order to subscribe to purchase notes, prospective investors must become a m</font><font style="font-family:Arial; font-size:10pt">ember of the U-Haul Investors Club and comply with the instructions available on our website at </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline; color:#0000ff">uhaulinvestorsclub.com</font><font style="font-family:Arial; font-size:10pt">.&#160; Among other things, this will require the&#160; prospective investor to:</font></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_9"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">5</font><a name="EDGAR_HF_F_END_10"></a></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                        <p style="margin:0pt 0pt 0pt 36pt; text-indent:-17.4pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">complete a </font><font style="font-family:Arial; font-size:10pt">membership application;</font></p>
                        <p style="margin:0pt 0pt 0pt 18pt; text-indent:-17.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                        <p style="margin:0pt 0pt 0pt 36pt; text-indent:-17.4pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">complete a note subscription offer;</font></p>
                        <p style="margin:0pt 0pt 0pt 18pt; text-indent:-17.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                        <p style="margin:0pt 0pt 0pt 36pt; text-indent:-17.4pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">set up a U-Haul Investors Club online account through which investors will be able to transfer funds from their linked U.S. bank account to pay for the notes</font><font style="font-family:Arial; font-size:10pt">;</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">and</font></p>
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                        <p style="margin:0pt 0pt 0pt 36pt; text-indent:-17.4pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">receive and deliver in electronic format any and all documents, statements and communications related to the offering, the notes and </font><a name="EDGAR_PAGE_START12"></a><font style="font-family:Arial; font-size:10pt">the U-Haul Investors Club. </font></p>
                        <p style="margin:0pt 0pt 0pt 18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO reserves the right to reject, in whole or in part, in its sole discretion, any subscrip</font><font style="font-family:Arial; font-size:10pt">tion to purchase notes.&#160; Before AMERCO closes the offering, investors may withdraw their subscription to purchase notes. </font></p>
                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO intends to offer additional securities through the U-Haul Investors Club simultaneously with this offering and in the future.</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Form of Notes</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The notes are being issued in uncertificated book-entry form only, through the U-Haul Investors Club website.</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Transferability</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:365.4pt">
                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The notes are not transferable except between members of the U-Haul Investors Club </font><font style="font-family:Arial; font-size:10pt">through privately negotiated transactions.&#160; The notes will not be listed on any securities exchange, and there is no anticipated public market for the notes.&#160; Therefore, investors must be prepared to hold their notes until the maturity date.&#160; </font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Servicer</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:365.4pt">
                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The notes will be serviced exclusively by U-Haul International, Inc., a subsidiary of AMERCO, or its designee.&#160; </font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                </tr>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:113.4pt">
                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Risk Factors</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:365.4pt">
                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">An investment in the notes involves substantial risk. See &#8220;Risk Factors&#8221; beginning on page S-9 for a description of certain </font><font style="font-family:Arial; font-size:10pt">risks you should consider before investing in the notes.</font></p>
                        <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt; text-indent:36pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_9"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">6</font><a name="EDGAR_HF_F_END_10"></a></p>
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_PAGE_START13"></a><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">SUMMARY SELECTED CONSOLIDATED FINANCIAL INFORMATION</font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The following table sets forth summary historical consolidated financial information for AMERCO and its consolidated subsidiaries as of and </font><font style="font-family:Arial; font-size:10pt">for the years ended March 31, 2012, 2011, 2010, 2009 and 2008 and for the nine-months ended December 31, 2012 and 2011. You should read this summary of selected consolidated financial information together with Management&#8217;s Discussion and Analysis of Financ</font><font style="font-family:Arial; font-size:10pt">ial Condition and Results of Operations and the consolidated financial statements and related notes in our Annual Report on Form</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">10-K for the fiscal year ended March</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">31, 2012 and our Quarterly Reports on Form</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">10-Q for the fiscal quarters ended </font><font style="font-family:Arial; font-size:10pt">June 30, 201</font><font style="font-family:Arial; font-size:10pt">2, September 30, 2012 and December 31, 2012</font><font style="font-family:Arial; font-size:10pt">, which are incorporated by reference herein.</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">Years Ended March 31,</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">2012</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">2011</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">2010</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">2009</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt; font-weight:bold">2008 (a, b)</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td colspan="9" style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">(In thousands, except share and per share data)</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt; font-style:italic">Summary of Operations:</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Self-moving equipment rentals</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,678,256 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,547,015 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,419,726 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,423,022 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$ </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,451,292 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Self-storage revenues</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">134,376 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 120,698 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">110,369 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">110,548 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 122,248 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Self-moving and self-storage products and service sales</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">213,854 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 205,570 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 198,785 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 199,394 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 217,798 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Property management fees</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">23,266 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 22,132 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 21,632 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 23,192 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">22,820 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Life insurance premiums</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">277,562 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 206,992 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 134,345 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 109,572 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">111,996 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Property and casualty insurance premiums</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">32,631 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 30,704 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 27,625 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 28,337 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">28,388 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net investment and interest income</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">64,200 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 52,661 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 49,989 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 58,021 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 62,110 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Other revenue</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">78,530 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 55,503 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 39,534 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 40,180 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">32,522 </font></p>
                    </td>
                </tr>
                <tr style="height:6.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt; text-indent:12pt"><font style="font-family:Arial; font-size:7pt">Total revenues</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,502,675 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,241,275 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,002,005 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,992,266 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 2,049,174 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Operating expenses</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,093,190 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 1,026,577 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,022,061 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 1,057,880 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 1,089,543 </font></p>
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                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">212,190 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">190,981 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">169,104 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">171,303 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 167,945 </font></p>
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                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">116,542 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 106,024 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 104,049 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">114,387 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 120,210 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Benefits and losses</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">310,839 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 190,429 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 121,105 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 97,617 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">98,760 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Amortization of deferred policy acquisition costs</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,791 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">9,494 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">7,569 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 12,394 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,181 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Lease expense</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">131,215 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 150,809 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">156,951 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 152,424 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 133,931 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Depreciation, net of (gains) losses on disposals (d)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">208,901 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 189,266 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 227,629 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 265,213 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 221,882 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt; text-indent:12pt"><font style="font-family:Arial; font-size:7pt">Total costs and expenses</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,086,668 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,863,580 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,808,468 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,871,218 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 1,845,452 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">416,007 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 377,695 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 193,537 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">121,048 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">203,722 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt; text-indent:12pt"><font style="font-family:Arial; font-size:7pt">Interest expense</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(90,371)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(88,381)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; (93,347)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; (98,470)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(101,420)</font></p>
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                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Pretax earnings</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">325,636 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 289,314 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">100,190 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 22,578 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 102,302 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt; text-indent:12pt"><font style="font-family:Arial; font-size:7pt">Income tax expense</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(120,269)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(105,739)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; (34,567)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; (9,168)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; (34,518)</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Net earnings</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">205,367 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 183,575 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 65,623 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">13,410 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">67,784 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt; text-indent:12pt"><font style="font-family:Arial; font-size:7pt">Less: Excess redemption value over carrying value of preferred shares redeemed</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-indent:12pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(5,908)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(178)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 388 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> - </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">- </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt; text-indent:12pt"><font style="font-family:Arial; font-size:7pt">Less:&#160; Preferred stock dividends (c)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> (2,913)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> (12,412)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(12,856)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">(12,963)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; (12,963)</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Earnings available to common shareholders</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:2.25pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">196,546 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:2.25pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 170,985 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:2.25pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 53,155 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:2.25pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 447 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$ </font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:2.25pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 54,821 </font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Basic and </font><font style="font-family:Arial; font-size:7pt">diluted earnings per common share</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">10.09 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">8.80 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2.74 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">0.02 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 2.78 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Weighted average common shares outstanding: Basic and diluted</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">19,476,187 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">19,432,781</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">19,386,791</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">19,350,041 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">19,740,571 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Cash dividends declared and accrued Preferred stock</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,913 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 12,412 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 12,856 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 12,963 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$ </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 12,963 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:10.5pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt; font-style:italic">Balance Sheet Data:</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Property, plant and equipment, net</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,372,365 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 2,094,573 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 1,948,388 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 2,013,928 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">2,011,176 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Total assets</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,654,051 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">4,1</font><font style="font-family:Arial; font-size:7pt">91</font><font style="font-family:Arial; font-size:7pt">,</font><font style="font-family:Arial; font-size:7pt">433</font><font style="font-family:Arial; font-size:7pt"> </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 3,762,454 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 3,825,073 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">3,832,487 </font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">Notes, loans and leases payable</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,486,211 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 1,397,842 </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 1,347,635 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 1,546,490 </font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 1,504,677 </font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">1,035,820 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:46.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 993,020 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 812,911 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:49.5pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#160; 717,629 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:48pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:7pt"> 758,431 </font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:237pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:13.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:7pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(a) Fiscal 2008 summary of operations</font><font style="font-family:Arial; font-size:7pt"> includes 7 months of activity for SAC Holding II which was deconsolidated effective October 31, 2007.</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(b) Fiscal 2008 balance sheet data does not include SAC Holding II which was deconsolidated effective October 31, 2007.</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(c) Fiscal 2012, 2011 and 2010 </font><font style="font-family:Arial; font-size:7pt">reflect eliminations of $0.3 million, $0.6 million and $0.1 million, respectively paid to affiliates.</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(d) (Gains) losses were ($20.9) million, ($23.1) million, ($2.0) million, $16.6 million and ($5.9) million for fiscal 2012, 2011, 2010, 2009 and 2008, re</font><font style="font-family:Arial; font-size:7pt">spectively.</font></p>
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            <br>
            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_9"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">7</font><a name="EDGAR_HF_F_END_10"></a></p>
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                <tr style="height:11.25pt">
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">Nine Months Ended December 31,</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td colspan="3" style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">(Unaudited)</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td colspan="3" style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">(In thousands, except share and per share data)</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt; font-style:italic">Summary of Operations:</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Self-moving equipment rentals</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,400,300</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,333,918</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Self-storage revenues</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">111,825</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">99,682</font></p>
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                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Self-moving and self-storage products and service sales</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">173,399</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">167,352</font></p>
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                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Property management fees</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">15,847</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">14,929</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Life insurance premiums</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">137,341</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">229,839</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Property and casualty insurance premiums</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">26,006</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">25,076</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Net investment and interest income</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">44,237</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">48,398</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Other revenue</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">76,589</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">60,041</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#160; Total revenues</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,985,544</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,979,235</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt; text-indent:12pt"><font style="font-family:Arial; font-size:8pt">Operating expenses</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">883,892</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">836,149</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt; text-indent:12pt"><font style="font-family:Arial; font-size:8pt">Commission expenses</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">180,801</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">168,865</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt; text-indent:12pt"><font style="font-family:Arial; font-size:8pt">Cost of sales</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">86,292</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">89,729</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt; text-indent:12pt"><font style="font-family:Arial; font-size:8pt">Benefits and losses</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">130,682</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">268,140</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt; text-indent:12pt"><font style="font-family:Arial; font-size:8pt">Amortization of </font><font style="font-family:Arial; font-size:8pt">deferred policy acquisition costs</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">9,290</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">10,716</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt; text-indent:12pt"><font style="font-family:Arial; font-size:8pt">Lease expense</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">89,962</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">99,271</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt; text-indent:12pt"><font style="font-family:Arial; font-size:8pt">Depreciation, net of (gains) losses on disposals of (($</font><font style="font-family:Arial; font-size:8pt">14,879</font><font style="font-family:Arial; font-size:8pt">) and ($</font><font style="font-family:Arial; font-size:8pt">18,326</font><font style="font-family:Arial; font-size:8pt">), respectively)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">177,478</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">148,696</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt; text-indent:24pt"><font style="font-family:Arial; font-size:8pt">Total costs and expenses</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,558,397</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; border-top-color:#000000; border-top-style:solid; border-top-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,621,566</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Earnings </font><font style="font-family:Arial; font-size:8pt">from operations</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">427,147</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">357,669</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#160; Interest expense</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(67,680)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(68,340)</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Pretax earnings</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">359,467</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">289,329</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#160; Income tax expense</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(132,632)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(109,367)</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Net earnings</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">226,835</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">179,962</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#160; Less: Excess of redemption value over carrying value of preferred shares redeemed</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">-</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(5,908)</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#160; Less: Preferred stock dividends (a)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">-</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:solid; border-bottom-width:0.5pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">(2,913)</font></p>
                    </td>
                </tr>
                <tr style="height:12pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Earnings available to common shareholders</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:2.25pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">226,835</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="border-bottom-color:#000000; border-bottom-style:double; border-bottom-width:2.25pt; padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">171,141</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Basic and diluted earnings per common share</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">11.62</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">8.79</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Weighted average common shares outstanding: Basic and diluted</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">19,512,974</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">19,470,886</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Cash dividends declared and accrued Preferred stock (a)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">-</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">2,913</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt; font-style:italic">Balance Sheet Data:</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Property, plant and equipment, net</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">2,634,948</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">2,281,034</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Total assets</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">5,219,305</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">4,634,002</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Notes, loans and leases payable</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,667,008</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,507,976</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">Stockholders' equity </font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,190,499</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:8pt">1,001,178</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:328.5pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:92.75pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:15.25pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:79.25pt">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:8pt">&#xa0;</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td colspan="5" style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom">
                        <p style="margin:0pt"><font style="font-family:Arial; font-size:7pt">(a) Reflects elimination of $0.2 million 2011 paid to an affiliates.</font></p>
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                    </td>
                    <td style="width:15.25pt; border:none">
                    </td>
                    <td style="width:92.75pt; border:none">
                    </td>
                    <td style="width:15.25pt; border:none">
                    </td>
                    <td style="width:79.25pt; border:none">
                    </td>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_9"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">8</font><a name="EDGAR_HF_F_END_10"></a></p>
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            <p style="margin:12pt 0pt 3pt; text-align:center"><a name="EDGAR_PAGE_START15"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">RISK FACTORS</font></p>
            <p style="margin:0pt; text-indent:18.35pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18.35pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-style:italic">An investment in the notes involves substantial risk. You should carefully consider the risks described below and the risk factors included in our Annual Report on Form</font><font style="font-family:Arial; font-size:10pt; font-style:italic">&#xa0;</font><font style="font-family:Arial; font-size:10pt; font-style:italic">10-K for the year e</font><font style="font-family:Arial; font-size:10pt; font-style:italic">nded March 31, 2012, as well as the other information included or incorporated by reference in this prospectus supplement and the accompanying prospectus, before making an investment decision. Our business, financial condition or results of operations coul</font><font style="font-family:Arial; font-size:10pt; font-style:italic">d be materially adversely affected by any of these risks. The market value of the notes, if any market develops or exists, could decline due to any of these risks, and you may lose all or part of your investment. This prospectus supplement also contains fo</font><font style="font-family:Arial; font-size:10pt; font-style:italic">rward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including the risks faced by us described below and elsewhe</font><font style="font-family:Arial; font-size:10pt; font-style:italic">re in this prospectus supplement and the accompanying prospectus.</font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Risk Relating to Our Business</font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">We operate in a highly competitive industry.</font></p>
            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The truck rental industry is highly competitive and includes a number of significant national, regional and loc</font><font style="font-family:Arial; font-size:10pt">al competitors. We believe the principal competitive factors in this industry are convenience of rental locations, availability of quality rental moving equipment, breadth of essential services and products and total cost. Financial results for the Company</font><font style="font-family:Arial; font-size:10pt"> can be adversely impacted by aggressive pricing from our competitors. Some of our competitors may have greater financial resources than we have. We cannot assure you that we will be able to maintain existing rental prices or implement price increases. Mor</font><font style="font-family:Arial; font-size:10pt">eover, if our competitors reduce prices and we are not able or willing to do so as well, we may lose rental volume, which would likely have a materially adverse affect on our results of operations.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The self-storage industry is large and highly fragmented.</font><font style="font-family:Arial; font-size:10pt"> We believe the principal competitive factors in this industry are convenience of storage rental locations, cleanliness, security and price. Competition in the market areas in which we operate is significant and affects the occupancy levels, rental rates a</font><font style="font-family:Arial; font-size:10pt">nd operating expenses of our facilities. Competition might cause us to experience a decrease in occupancy levels, limit our ability to raise rental rates or require us to offer discounted rates that would have a material affect on results of operations and</font><font style="font-family:Arial; font-size:10pt"> financial condition. Entry into the self-storage business may be accomplished through the acquisition of existing facilities by persons or institutions with the required initial capital. Development of new self-storage facilities is more difficult however</font><font style="font-family:Arial; font-size:10pt">, due to land use</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> zoning, environmental and other regulatory requirements. The self-storage industry has in the past experienced overbuilding in response to perceived increases in demand. We cannot assure you that we will be able to successfully compete i</font><font style="font-family:Arial; font-size:10pt">n existing markets or expand into new markets.</font></p>
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            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">We are highly leveraged.</font></p>
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            <p style="margin:6pt 0pt 0pt; text-indent:9pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">As of March 31, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">, we had total debt outstanding of $</font><font style="font-family:Arial; font-size:10pt">1,486.2</font><font style="font-family:Arial; font-size:10pt"> million and total undiscounted lease commitments of $</font><font style="font-family:Arial; font-size:10pt">325.4</font><font style="font-family:Arial; font-size:10pt"> million. Although we believe that additional leverage can be supported by the Company&#8217;s operations, our existing debt could impact us in the following ways among other considerations: </font></p>
            <p style="margin:6pt 0pt 0pt 45pt; text-indent:-18pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">require us to allocate a considerable portion of cash flows from opera</font><font style="font-family:Arial; font-size:10pt">tions to debt service payments;</font></p>
            <p style="margin:6pt 0pt 0pt 45pt; text-indent:-18pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">limit our flexibility in planning for, or reacting to, changes in our business and the industry in which we operate;</font></p>
            <p style="margin:6pt 0pt 0pt 45pt; text-indent:-18pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">limit our ability to obtain additional financing; and</font></p>
            <p style="margin:6pt 0pt 0pt 45pt; text-indent:-18pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">place us at a disadvantage compared to our competitor</font><font style="font-family:Arial; font-size:10pt">s who may have less debt.</font></p>
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            <p style="margin:0pt; ; text-align:justify"><a name="EDGAR_PAGE_START16"></a><font style="font-family:Arial; font-size:10pt">Our ability to make payments on our debt depends upon our ability to maintain and improve our operating performance and generate cash flow. To some extent, this is subject to prevailing economic and competitive conditions and to </font><font style="font-family:Arial; font-size:10pt">certain financial, business and other factors, some of which are beyond our control. If we are unable to generate sufficient cash flow from operations to service our debt and meet our other cash needs, we may be forced to reduce or delay capital expenditur</font><font style="font-family:Arial; font-size:10pt">es, sell assets, seek additional capital or restructure or refinance our indebtedness. If we must sell our assets, it may negatively affect our ability to generate revenue. In addition, we may incur additional debt that would exacerbate the risks associate</font><font style="font-family:Arial; font-size:10pt">d with our indebtedness.</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">E</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">conomic conditions, including those related to the credit markets, may adversely affect our industry, business and results of operations.</font></p>
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            <p style="margin:6pt 0pt 0pt; text-indent:9pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">The </font><font style="font-family:Arial; font-size:10pt">United States</font><font style="font-family:Arial; font-size:10pt"> economy has undergone a period of slowdown and unprecedented volatility, which resulted in a recession.&#160; It is difficult to gauge the pace of the economic recovery or if </font><font style="font-family:Arial; font-size:10pt">such recovery</font><font style="font-family:Arial; font-size:10pt"> may weaken in the future.&#160; Consumer and commercial spending is generall</font><font style="font-family:Arial; font-size:10pt">y affected by the health of the economy.&#160; Our industries, although not as traditionally cyclical as some, could experience significant downturns in connection with or in anticipation of, declines</font><font style="font-family:Arial; font-size:10pt">, or sustained lack of recovery,</font><font style="font-family:Arial; font-size:10pt"> in general economic conditio</font><font style="font-family:Arial; font-size:10pt">ns.&#160; In times of declining consumer spending we may be driven, along with our competitors, to reduce pricing which would have a negative impact on gross profit.&#160; We cannot predict if another downturn</font><font style="font-family:Arial; font-size:10pt">, or sustained lack of recovery,</font><font style="font-family:Arial; font-size:10pt"> in the economy may occur</font><font style="font-family:Arial; font-size:10pt"> which could result in reduced revenues and working capital.</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:9pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Should credit markets in the </font><font style="font-family:Arial; font-size:10pt">United States</font><font style="font-family:Arial; font-size:10pt"> tighten or if interest rates increase significantly we may not be able to refinance existing debt or find additional financing on favorable terms, or at</font><font style="font-family:Arial; font-size:10pt"> all.&#160; If one or more of the financial institutions that support our existing credit facilities fails, we may not be able to find a replacement, which would negatively impact our ability to borrow under credit facilities.&#160; While we believe that we have ade</font><font style="font-family:Arial; font-size:10pt">quate sources of liquidity to meet our anticipated requirement for working capital, debt servicing and capital expenditures through fiscal 201</font><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt">, if our operating results were to worsen significantly and our cash flows or capital resources prove inadequate,</font><font style="font-family:Arial; font-size:10pt"> or if interest rates increase significantly, we could face liquidity problems that could materially and adversely affect our results of operations and financial condition.</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Our fleet program can be adversely affected by financial market conditions.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">To m</font><font style="font-family:Arial; font-size:10pt">eet the needs of our customers, U-Haul maintains a large fleet of rental equipment. Our rental truck fleet </font><font style="font-family:Arial; font-size:10pt">rotation </font><font style="font-family:Arial; font-size:10pt">program is </font><font style="font-family:Arial; font-size:10pt">currently </font><font style="font-family:Arial; font-size:10pt">funded internally through operations and externally from debt and lease financing. Our abi</font><font style="font-family:Arial; font-size:10pt">lity to fund our routine flee</font><font style="font-family:Arial; font-size:10pt">t </font><font style="font-family:Arial; font-size:10pt">program could be adversely affected if financial market conditions limit the general availability of external financing. This could lead to the Company operating trucks longer than initially planned and</font><font style="font-family:Arial; font-size:10pt">/or</font><font style="font-family:Arial; font-size:10pt"> reducing the size of the fleet, either of which </font><font style="font-family:Arial; font-size:10pt">could materially and negatively affect our results of operations.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Another important aspect of our fleet </font><font style="font-family:Arial; font-size:10pt">rotation </font><font style="font-family:Arial; font-size:10pt">program is the sale of used rental equipment. The sale of used equipment provides the organization with funds that can be used to purchase new</font><font style="font-family:Arial; font-size:10pt"> equipment. Conditions may arise that could lead to the decrease in resale values for our used equipment</font><font style="font-family:Arial; font-size:10pt">. T</font><font style="font-family:Arial; font-size:10pt">his could have a material adverse effect on our financial results, which would result in losses on the sale of equipment and decreases in cash flo</font><font style="font-family:Arial; font-size:10pt">ws </font><font style="font-family:Arial; font-size:10pt">from the sales of equipment.</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">We obtain our rental trucks from a limited number of manufacturers.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Over</font><font style="font-family:Arial; font-size:10pt"> the last ten years, we purchased the majority of our rental trucks from Ford Motor Company and General</font><font style="font-family:Arial; font-size:10pt"> Motors Corporation. Our fleet </font><font style="font-family:Arial; font-size:10pt">can be negatively </font><font style="font-family:Arial; font-size:10pt">affected by issues our manufacturers may face within their own supply chain. Also, it is possible that our suppliers may face financial difficulties or organizational changes which could negatively impact their ability to accept future orders or fulfill ex</font><font style="font-family:Arial; font-size:10pt">isting orders. Although we believe that we could contract with alternative manufacturers for our rental trucks, we cannot guarantee or predict how long that would take. In addition, termination of our existing relationship</font><a name="EDGAR_PAGE_END16"></a></p>
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            <p style="margin:0pt; ; text-align:justify"><font style="font-family:Arial; font-size:10pt"> </font><a name="EDGAR_PAGE_START17"></a><font style="font-family:Arial; font-size:10pt">with these suppliers could have a</font><font style="font-family:Arial; font-size:10pt"> material adverse effect on our business, financial condition or results of operations for an indefinite period of time.</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">We seek to effectively hedge against interest rate changes in our variable debt.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In certain instances, the Company seeks to manage </font><font style="font-family:Arial; font-size:10pt">its exposure to interest rate risk through the use of hedging instruments including interest rate swap agreements and forward swaps. The Company enters into these arrangements with counterparties that are significant financial institutions with whom we gen</font><font style="font-family:Arial; font-size:10pt">erally have other financial arrangements. We are exposed to credit risk should these counterparties not be able to perform on their obligations. Additionally, a failure on our part to effectively hedge against interest rate changes may adversely affect our</font><font style="font-family:Arial; font-size:10pt"> financial condition and results of operations. We are required to record these financial instruments at their fair value. Changes in interest rates can significantly impact the valuation of the instruments resulting in non-cash changes to our financial po</font><font style="font-family:Arial; font-size:10pt">sition</font><font style="font-family:'Times New Roman'; font-size:10pt">.</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">We are controlled by a small contingent of stockholders.</font></p>
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            <p style="margin:6pt 0pt 0pt; text-indent:9pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">As of </font><font style="font-family:Arial; font-size:10pt">March</font><font style="font-family:Arial; font-size:10pt"> 31, 201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">, Edward J. Shoen, </font><font style="font-family:Arial; font-size:10pt">President and </font><font style="font-family:Arial; font-size:10pt">Chairman of the Board of AMERCO, James P. Shoen, a director of AMERCO, and Mark V. Shoen, an executive officer of </font><font style="font-family:Arial; font-size:10pt">U-Haul</font><font style="font-family:Arial; font-size:10pt">, collectively</font><font style="font-family:Arial; font-size:10pt"> are the owners </font><font style="font-family:Arial; font-size:10pt">of </font><font style="font-family:Arial; font-size:10pt">9,222,365</font><font style="font-family:Arial; font-size:10pt"> shares</font><font style="font-family:Arial; font-size:10pt"> (</font><font style="font-family:Arial; font-size:10pt">approximately </font><font style="font-family:Arial; font-size:10pt">47.0</font><font style="font-family:Arial; font-size:10pt">%) of the outstanding common s</font><font style="font-family:Arial; font-size:10pt">hares of AMERCO. In addition,</font><font style="font-family:Arial; font-size:10pt"> Edward J. Shoen, James P. Shoen, Mark V. Shoen, Ros</font><font style="font-family:Arial; font-size:10pt">e</font><font style="font-family:Arial; font-size:10pt">marie T. Donovan (Trustee of the Shoen Irrevocable Trusts) and </font><font style="font-family:Arial; font-size:10pt">Dunham Trust Company</font><font style="font-family:Arial; font-size:10pt"> (</font><font style="font-family:Arial; font-size:10pt">Succ</font><font style="font-family:Arial; font-size:10pt">essor </font><font style="font-family:Arial; font-size:10pt">Trustee of the Irrevocable &#8220;C&#8221; Trusts) (collectively, the &#8220;Reporting Persons&#8221;) </font><font style="font-family:Arial; font-size:10pt">are parties to</font><font style="font-family:Arial; font-size:10pt"> a stockholder agreement</font><font style="font-family:Arial; font-size:10pt"> dated June 30, 2006</font><font style="font-family:Arial; font-size:10pt"> in which the Reporting Persons agreed to vote as one as provided in this agreement</font><font style="font-family:Arial; font-size:10pt"> (the &#8220;Stockholder Agreement&#8221;)</font><font style="font-family:Arial; font-size:10pt">.&#160; </font><font style="font-family:Arial; font-size:10pt">Pursuan</font><font style="font-family:Arial; font-size:10pt">t to the Stockholder Agreement, a </font><font style="font-family:Arial; font-size:10pt">collective 10,89</font><font style="font-family:Arial; font-size:10pt">7,088</font><font style="font-family:Arial; font-size:10pt"> shares</font><font style="font-family:Arial; font-size:10pt"> (approximately 55.6%) </font><font style="font-family:Arial; font-size:10pt">of the Company&#8217;s common stock</font><font style="font-family:Arial; font-size:10pt"> are voted at the direction of a majority in interest of the Reporting Persons.&#160; </font><font style="font-family:Arial; font-size:10pt">For additional informa</font><font style="font-family:Arial; font-size:10pt">tion, refer to the Schedule 1</font><font style="font-family:Arial; font-size:10pt">3D</font><font style="font-family:Arial; font-size:10pt">s filed on July 13, 2006, March 9, 2007</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">June 26, 2009 </font><font style="font-family:Arial; font-size:10pt">and May 1, 2013 </font><font style="font-family:Arial; font-size:10pt">with the SEC. In addition, </font><font style="font-family:Arial; font-size:10pt">1,482,344</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">shares (approximately </font><font style="font-family:Arial; font-size:10pt">7.6%</font><font style="font-family:Arial; font-size:10pt">) of the outstanding common shares of AMERCO are held by our Employee Savings and Employee Stock Ownership Trust.</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:9pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">As a r</font><font style="font-family:Arial; font-size:10pt">esult of their stock ownership and the Stockholder Agreement, Edward J. Shoen, Mark V. Shoen and James P. Shoen are in a position to significantly influence the business affairs and policies of the Company, including the approval of significant transaction</font><font style="font-family:Arial; font-size:10pt">s, the election of the members of the Board and other matters submitted to our stockholders. There can be no assurance that the interests of the Reporting Persons will not conflict with the interest of our other stockholders. </font><font style="font-family:Arial; font-size:10pt">Furthermore, as a result of th</font><font style="font-family:Arial; font-size:10pt">e Reporting Persons&#8217; voting power, the Company is a &#8220;controlled company&#8221; as defined in the N</font><font style="font-family:Arial; font-size:10pt">asdaq</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">L</font><font style="font-family:Arial; font-size:10pt">isting </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">ules and, therefore, may avail itself of certain exemptions under N</font><font style="font-family:Arial; font-size:10pt">asdaq</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">rules</font><font style="font-family:Arial; font-size:10pt">, including exemptions from the rules that require the Company to have </font><font style="font-family:Arial; font-size:10pt">(i) a majority of independent directors on the Board; (ii) </font><font style="font-family:Arial; font-size:10pt">independent director oversight of executive officer compensation; and (iii) independent director oversight of director nominations.&#160; </font><font style="font-family:Arial; font-size:10pt">Of the above available exemptions, </font><font style="font-family:Arial; font-size:10pt">the Company currently avails </font><font style="font-family:Arial; font-size:10pt">itself to the exemption from independent director oversight of executive officer compensation, other than with respect to the compensation of the President of AMERCO.</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">We bear certain risks related to our notes receivable from SAC Holdings.</font></p>
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            <p style="margin:6pt 0pt 0pt; text-indent:9pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">At March 31, </font><font style="font-family:Arial; font-size:10pt">201</font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">, we held approximately $</font><font style="font-family:Arial; font-size:10pt">19</font><font style="font-family:Arial; font-size:10pt">5</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">4</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">million of notes receivable from SAC Holding Corporation and its subsidiaries (&#8220;SAC Holding Corporation&#8221;) and SAC Holding II</font><font style="font-family:Arial; font-size:10pt"> Corporation and its subsidiaries (&#8220;SAC Holding II&#8221;) </font><font style="font-family:Arial; font-size:10pt">(collectively &#8220;SAC Holdings&#8221;), which consist</font><font style="font-family:Arial; font-size:10pt"> of junior unsecured notes. SAC Holdings is highly leveraged with significant indebtedness to others. If SAC Holdings is unable to meet its obligations to its senior lenders, it could trigger a default of its obligations to us. In such an event of default,</font><font style="font-family:Arial; font-size:10pt"> we could suffer a loss to the extent the value of the underlying collateral of SAC Holdings is inadequate to repay SAC Holding&#8217;s senior lenders and our junior unsecured notes.&#160; We cannot assure you that SAC Holdings will not default on its loans to its se</font><font style="font-family:Arial; font-size:10pt">nior lenders or that the value of SAC Holdings assets upon liquidation would be sufficient to repay us in full.</font></p>
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            <p style="margin:0pt; text-align:justify; widows:0; orphans:0"><a name="EDGAR_PAGE_START18"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Our quarterly results of operations fluctuate due to seasonality and other factors associated with our industry.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Our business is seasonal an</font><font style="font-family:Arial; font-size:10pt">d our results of operations and cash flows fluctuate significantly from quarter to quarter. Historically, revenues have been stronger in the first and second fiscal quarters due to the overall increase in moving activity during the spring and summer months</font><font style="font-family:Arial; font-size:10pt">. The fourth fiscal quarter is generally weakest, due to a greater potential for adverse weather conditions and other factors that are not necessarily seasonal. As a result, our operating results for a given quarterly period are not necessarily indicative </font><font style="font-family:Arial; font-size:10pt">of operating results for an entire year.</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Our operations subject us to numerous environmental regulations and the possibility that environmental liability in the future could adversely affect our operations.</font></p>
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            <p style="margin:6pt 0pt 0pt; text-indent:9pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Compliance with environmental requirements of</font><font style="font-family:Arial; font-size:10pt"> federal, state and local governments significantly affects our business. Among other things, these requirements regulate the discharge of materials into the air, land and water and govern the use and disposal of hazardous substances. Under environmental l</font><font style="font-family:Arial; font-size:10pt">aws or common law principles, we can be held liable for hazardous substances that are found on real property we have owned or operated. We are aware of issues regarding hazardous substances on some of our real estate and we have put in place a remedia</font><font style="font-family:Arial; font-size:10pt">tion</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">plan at each site where we believe such a plan is necessary. See Note </font><font style="font-family:Arial; font-size:10pt">19</font><font style="font-family:Arial; font-size:10pt">, Contingencies of the Notes to Consolidated Financial Statements. We regularly make capital and operating expenditures to stay in compliance with environmental laws. In particular, we</font><font style="font-family:Arial; font-size:10pt"> have managed a testing and removal program since 1988 for our underground storage tanks.&#160; Despite these compliance efforts, we believe that risk of environmental liability is part of the nature of our business. </font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:9pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">Environmental laws and regulations are comp</font><font style="font-family:Arial; font-size:10pt">lex, change frequently and could become more stringent in the future. We cannot assure you that future compliance with these regulations, future environmental liabilities, the cost of defending environmental claims, conducting any environmental remediation</font><font style="font-family:Arial; font-size:10pt"> or generally resolving liabilities caused by us or related third parties will not have a material adverse effect on our business, financial condition or results of operations.</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">We operate in a highly regulated industry and changes in existing regulations</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> or violations of existing or future regulations could have a material adverse effect on our operations and profitability.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our truck and trailer rental business is subject to regulation by various federal, state and foreign governmental entities. Specifi</font><font style="font-family:Arial; font-size:10pt">cally, the U.S. Department of Transportation and various state and federal agencies exercise broad powers over our motor carrier operations, safety, and the generation, handling, storage, treatment and disposal of waste materials. In addition, our storage </font><font style="font-family:Arial; font-size:10pt">business is also subject to federal, state and local laws and regulations relating to environmental protection and human health and safety. The failure to adhere to these laws and regulations may adversely affect our ability to sell or rent such property o</font><font style="font-family:Arial; font-size:10pt">r to use the property as collateral for future borrowings. Compliance with changing regulations could substantially impair real property and equipment productivity and increase our costs.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In addition, the </font><font style="font-family:Arial; font-size:10pt">F</font><font style="font-family:Arial; font-size:10pt">ederal government may institute some regulation </font><font style="font-family:Arial; font-size:10pt">that limits carbon emissions by setting a maximum amount of carbon entities can emit without penalty. This would likely affect everyone who uses fossil fuels and would disproportionately affect users in the highway transportation industries. While there ar</font><font style="font-family:Arial; font-size:10pt">e too many variables at this time to assess the impact of the various proposed federal and state regulations that could affect carbon emissions, many experts believe these proposed rules could significantly affect the way companies operate in their industr</font><font style="font-family:Arial; font-size:10pt">ies.</font></p>
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            <p style="margin:0pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><a name="EDGAR_PAGE_START19"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Our ability to attract and retain qualified employees, and changes in laws or other labor issues could adversely affect our business and our results of operations.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">The success of our business is predicated upon our workforce providing excellent cu</font><font style="font-family:Arial; font-size:10pt">stomer service. Our ability to attract and retain this employee base may be inhibited due to prevailing wage rates, benefit costs and the adoption of new or revised employment and labor laws and regulations. Should this occur we may be unable to provide se</font><font style="font-family:Arial; font-size:10pt">rvice in certain areas or we may experience significantly increased costs of labor that could adversely affect our results of oper</font><font style="font-family:Arial; font-size:10pt">ations and financial condition.</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">We are highly dependent upon</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> our automated systems and the I</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">nternet for managing our busines</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">s.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our informatio</font><font style="font-family:Arial; font-size:10pt">n systems are largely I</font><font style="font-family:Arial; font-size:10pt">nternet-based, including our point-of-sale reservation system and telephone systems. While our reliance on this technology lowers our cost of providing service and expands our abilities to serve, it exposes the Com</font><font style="font-family:Arial; font-size:10pt">pany to various risks including natural and man-made disasters. We have put into place backup systems and alternative procedures to mitigate this risk.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">However, disruptions or breaches in any portion of these systems could adversely affect our results of </font><font style="font-family:Arial; font-size:10pt">operations and financial condition.</font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">A.M. Best financial strength ratings are crucial to our life insurance business.</font></p>
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            <p style="margin:6pt 0pt 0pt; text-indent:9pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">In April 2011, A.M. Best affirmed the financial strength rating for Oxford, Christian Fidelity Life Insurance Company</font><font style="font-family:Arial; font-size:10pt">, North American I</font><font style="font-family:Arial; font-size:10pt">nsurance Company </font><font style="font-family:Arial; font-size:10pt">and Dallas General Life Insurance Company (&#8220;DGLIC&#8221;) of B++ with a stable outlook. Financial strength ratings are important external factors that can affect the success of </font><font style="font-family:Arial; font-size:10pt">Oxford</font><font style="font-family:Arial; font-size:10pt">&#8217;s business plans. Accordingly, if </font><font style="font-family:Arial; font-size:10pt">Oxford</font><font style="font-family:Arial; font-size:10pt">&#8217;s ratings, relative </font><font style="font-family:Arial; font-size:10pt">to its competitors, are not maintained or do not continue to improve, </font><font style="font-family:Arial; font-size:10pt">Oxford</font><font style="font-family:Arial; font-size:10pt"> may not be able to retain and attract business as currently planned, which could adversely affect our results of operations and financial condition.</font><font style="font-family:Arial; font-size:10pt"> </font></p>
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            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">We may incur losses due to </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">our reinsurers&#8217; or counterparties&#8217; failure to perform under existing contracts or we may be unable to secure sufficient reinsurance or hedging protection in the future.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We use reinsurance and derivative contracts to mitigate our risk of loss in various </font><font style="font-family:Arial; font-size:10pt">circumstances; primarily at Rep</font><font style="font-family:Arial; font-size:10pt">w</font><font style="font-family:Arial; font-size:10pt">est and for our Moving and Storage operating segment. These agreements do not release us from our primary obligations and therefore we remain ultimately responsible for these potential costs. We cannot provide assurance that</font><font style="font-family:Arial; font-size:10pt"> these reinsurers or counterparties will fulfill their obligations. Their inability or unwillingness to make payments to us under the terms of the contracts may have a material adverse effect on our financial condition and results of operation.</font></p>
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            <p style="margin:0pt; text-indent:9pt"><font style="font-family:Arial; font-size:10pt">At </font><font style="font-family:Arial; font-size:10pt">December 31, 2011, Repwest reported $1.1 million of reinsurance recoverables, net of allowances and $223.9 million of reserves and liabilities ceded to reinsurers. Of this, Repwest&#8217;s largest exposure to a single reinsurer was $62.7 million.</font></p>
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            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Risks Related </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">to our Indebtedness and an Investment in the Notes</font></p>
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            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">The notes are not transferable except between members of the U-Haul Investors Club through pr</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">ivately negotiated transactions.&#160; In addition, t</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">he notes will not be listed on any securities exchange, and the</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">re is no anticipated public market for the notes. Therefore, you must be prepared to hold the notes until the maturity date.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">The notes are not transferable except between members of the U-Haul Investors Club through privately negotiated transactions</font><font style="font-family:Arial; font-size:10pt">, as t</font><font style="font-family:Arial; font-size:10pt">o which neither AMERCO, the servicer, the trustee, nor any of their respective affiliates will have any involvement.</font><font style="font-family:Arial; font-size:10pt">&#160; In addition, the notes will not be listed on any securities exchange, there is no anticipated public market for the notes, and it is </font><font style="font-family:Arial; font-size:10pt">un</font><font style="font-family:Arial; font-size:10pt">likely that a secondary &#8220;over-the</font><a name="EDGAR_PAGE_END19"></a></p>
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            <p style="margin:0pt; ; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">-</font><a name="EDGAR_PAGE_START20"></a><font style="font-family:Arial; font-size:10pt">counter&#8221; market for the notes will develop between bond dealers or bond trading desks at investment houses.&#160; Therefore, you must be prepared </font><font style="font-family:Arial; font-size:10pt">to hold </font><font style="font-family:Arial; font-size:10pt">your n</font><font style="font-family:Arial; font-size:10pt">otes</font><font style="font-family:Arial; font-size:10pt"> until</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">the maturity date</font></p>
            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#xa0;</font></p>
            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Even if you are able to privately neg</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">otiate the sale of your notes to another U-Haul Investors Club member, you may not be able to find a purchaser for the notes who is willing to pay you an amount equal to the principal amount outstanding on the notes, or at all.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">Even if </font><font style="font-family:Arial; font-size:10pt">you are able to pri</font><font style="font-family:Arial; font-size:10pt">vately negotiate the sale of your notes to another U-Haul Investors Club member,</font><font style="font-family:Arial; font-size:10pt"> the price of the notes in such market may be lower than the price you pay to purchase the notes from us.&#160; If you purchase notes in this offering, you will pay a price that was</font><font style="font-family:Arial; font-size:10pt"> independently determined by us, and therefore neither established in a competitive market nor negotiated with any representative acting in your best interest, including the trustee.&#160; This price may not be indicative of prices that could prevail, if any, a</font><font style="font-family:Arial; font-size:10pt">fter this offering.&#160; The ability to sell your notes to another U-Haul Investors Club member through a privately negotiated transaction does not guarantee that you will be able to find a purchaser willing to buy the notes for an amount equal to the principa</font><font style="font-family:Arial; font-size:10pt">l amount outstanding on the notes, or at all.&#160; In addition, our operating performance, the status and condition of the Collateral, general market and economic conditions and other factors could impair the value of your notes and your ability to sell them i</font><font style="font-family:Arial; font-size:10pt">n a privately negotiated transaction </font><font style="font-family:Arial; font-size:10pt">to another U-Haul Investors Club member</font><font style="font-family:Arial; font-size:10pt">, if such opportunity were to develop.</font></p>
            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Our </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">currently outstanding </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">indebtedness</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">, and additional indebtedness that we are permitted to incur,</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> could prevent </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">AMERCO from fulfilling its</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">obligations under the notes</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">In addition to our currently outstanding indebtedness and the indebtedness AMERCO will incur pursuant to the offering of the notes, we are able to incur substantial additional indebtedness, including secured indebtedness, in t</font><font style="font-family:Arial; font-size:10pt">he future.&#160; Any additional indebtedness we may incur could have important consequences for the holders of the notes, and could limit AMERCO&#8217;s ability to satisfy its obligations to pay principal and interest with respect to the notes.</font></p>
            <p style="margin:6pt 0pt 12pt; text-align:justify; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">The value of the Collateral may not be sufficient to satisfy </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">AMERCO&#8217;s</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> obligations under the notes</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO&#8217;s o</font><font style="font-family:Arial; font-size:10pt">bligations under the notes are secured by a first-</font><font style="font-family:Arial; font-size:10pt">priority lien on the Collateral in favor of the trustee (or its agent or nominee), for the benefi</font><font style="font-family:Arial; font-size:10pt">t of the holders of the notes.&#160; </font><font style="font-family:Arial; font-size:10pt">By its nature, some or all of the Collateral may be illiquid</font><font style="font-family:Arial; font-size:10pt">, is subject to attrition, including casualty, loss or theft,</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">and, to the extent the Collateral includes real property, may be subject to condemnation.&#160; The Collate</font><font style="font-family:Arial; font-size:10pt">ral</font><font style="font-family:Arial; font-size:10pt"> may have no readily ascertainable market value</font><font style="font-family:Arial; font-size:10pt">, and the income generated from the Collateral is not part of the Collateral.&#160; </font><font style="font-family:Arial; font-size:10pt">In the event of a foreclosure, liquidation, bankruptcy or similar proceeding, no assurance can be given that the proceeds from </font><font style="font-family:Arial; font-size:10pt">any sale or liquidation of the Collateral will be sufficient to pay </font><font style="font-family:Arial; font-size:10pt">AMERCO&#8217;s</font><font style="font-family:Arial; font-size:10pt"> obligations under the notes, in full or at all. There also can be no assurance that the Collateral will be saleable and, even if saleable, the timing of its liquidation would be u</font><font style="font-family:Arial; font-size:10pt">ncertain. Accordingly, there may not be sufficient Collateral to pay all or any of the amounts due on the notes. Any claim for the difference between the amount, if any, realized by holders of the notes from the sale of the Collateral and the obligations u</font><font style="font-family:Arial; font-size:10pt">nder the notes will rank equally in right of payment with all of </font><font style="font-family:Arial; font-size:10pt">AMERCO&#8217;s</font><font style="font-family:Arial; font-size:10pt"> other unsecured unsubordinated indebtedness and other obligations, including trade payables. </font><font style="font-family:Arial; font-size:10pt">The</font><font style="font-family:Arial; font-size:10pt"> trustee&#8217;s security interest and ability to foreclose could also be limited by the nee</font><font style="font-family:Arial; font-size:10pt">d to meet certain requirements</font><font style="font-family:Arial; font-size:10pt"> of state and federal law</font><font style="font-family:Arial; font-size:10pt">.&#160; If </font><font style="font-family:Arial; font-size:10pt">these requirements cannot be met</font><font style="font-family:Arial; font-size:10pt">, the security interests may be invalid and the holders </font><font style="font-family:Arial; font-size:10pt">of the notes </font><font style="font-family:Arial; font-size:10pt">will not be entitled to the Collateral or any recovery with respect ther</font><font style="font-family:Arial; font-size:10pt">eto.&#160; </font><font style="font-family:Arial; font-size:10pt">These requiremen</font><font style="font-family:Arial; font-size:10pt">ts may limit the number of potential bidders for the Collateral in any foreclosure and may delay any sale, </font><font style="font-family:Arial; font-size:10pt">which</font><font style="font-family:Arial; font-size:10pt"> may have an adverse effect on the sale price of the Collateral. Therefore, the practical value of r</font><font style="font-family:Arial; font-size:10pt">ealizing on the Collateral may</font><font style="font-family:Arial; font-size:10pt"> be limited.</font><font style="font-family:Arial; font-size:10pt"> </font></p>
            <p style="margin:6pt 0pt; text-align:justify; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">AMERCO has the right, in its sole discretion, to make an unlimited number of Collateral substitutions and to determine the value of the Replacement Collateral and the Released Collateral.</font></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">14</font><a name="EDGAR_HF_F_END_12"></a></p>
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            <p style="margin:0pt; ; text-align:justify"><a name="EDGAR_PAGE_START21"></a><font style="font-family:Arial; font-size:10pt">AMERCO has the right, in its sole discretion, to make an unlimited </font><font style="font-family:Arial; font-size:10pt">number of Collateral substitutions and to determine the value of the Replacement Collateral and the Released Collateral.&#160; AMERCO is not required to obtain the consent of the holders of the notes, the trustee or any third party to make a Collateral substitu</font><font style="font-family:Arial; font-size:10pt">tion, and neither the trustee nor any other third party will review or evaluate AMERCO&#8217;s determination of the value of the Replacement Collateral and the Released Collateral on your behalf. Any such determination by AMERCO will be final and binding on the </font><font style="font-family:Arial; font-size:10pt">trustee and the holders.&#160; Therefore, </font><font style="font-family:Arial; font-size:10pt">although it is a condition of each Collateral substitution, there can be no assurance that the value of the Replacement Collateral will in actuality be at least 100% of the value of the Released Collateral, which could </font><font style="font-family:Arial; font-size:10pt">diminish the value of the Collateral securing the notes and impair your investment.</font></p>
            <p style="margin:6pt 0pt 12pt; text-align:justify; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">No appraisal of the Collateral, including the Initial Collateral, has been or will be prepared by us or on our behalf in connection with this offering or any substitution o</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">f Collateral, and to the extent the Collateral constitutes equipment, its value is expected to depreciate.</font></p>
            <p style="margin:0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">No appraisal of the Collateral, including the Initial Collateral, has been or will be prepared by us or on our behalf in connection with this offerin</font><font style="font-family:Arial; font-size:10pt">g or any substitution of Collateral, and to the extent the Collateral constitutes equipment, its value is expected to depreciate.&#160; The value of the Collateral will depend upon a number of factors, including market and economic conditions at the time, the a</font><font style="font-family:Arial; font-size:10pt">vailability of appropriate buyers and the extent of attrition, if any, with respect to the Collateral.&#160; For these and other reasons, we cannot assure the holders of the notes that the proceeds of any sale of the Collateral, in the event of a foreclosure, i</font><font style="font-family:Arial; font-size:10pt">nsolvency proceeding, liquidation or otherwise, would be sufficient to satisfy, or would not be substantially less than, all of AMERCO&#8217;s obligations under the notes.&#160; Moreover, to the extent the Collateral includes real property, no lender&#8217;s policy of titl</font><font style="font-family:Arial; font-size:10pt">e insurance, real property survey, zoning report, mortgage enforceability legal opinion, environmental assessment or engineering study has been or will be obtained in connection with the offering.&#160; </font></p>
            <p style="margin:6pt 0pt 12pt; text-align:justify; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Although these notes are secured by the Collateral, they </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">are effectively subordinated to AMERCO&#8217;s other existing or future secured indebtedness.&#160; </font></p>
            <p style="margin:0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Although these notes are secured by the Collateral, they are effectively subordinated to AMERCO&#8217;s other existing and future secured indebtedness, to the extent of the</font><font style="font-family:Arial; font-size:10pt"> value of the assets securing such other indebtedness.&#160; In the event of a bankruptcy or similar proceeding involving AMERCO, any of AMERCO&#8217;s assets which serve as collateral for AMERCO&#8217;s existing or future secured indebtedness, other than the Collateral, w</font><font style="font-family:Arial; font-size:10pt">ill be available to satisfy the obligations under such secured indebtedness before any payments are made on the notes or AMERCO&#8217;s other unsecured indebtedness.&#160; In the event that the value of the Collateral is insufficient to repay all amounts due on the n</font><font style="font-family:Arial; font-size:10pt">otes, the holders of the notes would have &#8220;undersecured claims&#8221; through which they would only be entitled to participate ratably with all holders of AMERCO&#8217;s other unsecured indebtedness, and potentially with all of AMERCO&#8217;s other general creditors, based </font><font style="font-family:Arial; font-size:10pt">upon the respective amounts owed to each holder or creditor, in AMERCO&#8217;s remaining assets.&#160; In any of the foregoing events, AMERCO may not have sufficient assets to pay amounts due on the notes.&#160; As a result, if holders of the notes receive any payments, t</font><font style="font-family:Arial; font-size:10pt">hey may receive less, ratably, than holders of any other secured indebtedness that AMERCO may incur.</font></p>
            <p style="margin:6pt 0pt 12pt; text-align:justify; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">The notes are only the obligations of AMERCO, and will not be guaranteed by any of AMERCO&#8217;s subsidiaries, including U-Haul.</font></p>
            <p style="margin:0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The notes are only the obligati</font><font style="font-family:Arial; font-size:10pt">ons of AMERCO, and are not guaranteed by any of AMERCO&#8217;s subsidiaries, including U-Haul, through which we conduct a substantial amount of our operations.&#160; All of the obligations of our subsidiaries, including U-Haul, must be satisfied before any of the ass</font><font style="font-family:Arial; font-size:10pt">ets of such subsidiaries would be available for distribution, upon a liquidation or otherwise, to AMERCO or the holders of the notes.&#160; This means that claims of holders of the notes will be structurally subordinated to the claims of existing and future cre</font><font style="font-family:Arial; font-size:10pt">ditors of AMERCO&#8217;s subsidiaries, including U-Haul.</font><a name="EDGAR_PAGE_END21"></a></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">15</font><a name="EDGAR_HF_F_END_12"></a></p>
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            <p style="margin:6pt 0pt 12pt; text-align:justify; page-break-after:avoid; widows:0; orphans:0"><a name="EDGAR_PAGE_START22"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">The Collateral is subject to attrition, including casualty risks, theft (to the extent the Collateral includes equipment) and condemnation (to the extent the Collateral includes real property), and we are </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">under no obligation to maintain the condition of the Collateral or to replenish or replace damaged, destroyed, condemned, stolen or taken Collateral.</font></p>
            <p style="margin:0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We intend to maintain insurance or otherwise insure against hazards in a manner appropriate and customary </font><font style="font-family:Arial; font-size:10pt">for our business.&#160; However, we may not maintain casualty insurance on the Collateral and there are certain other losses in our business that may be either uninsurable or not economically insurable, in whole or in part.&#160; In the normal course of our business</font><font style="font-family:Arial; font-size:10pt">, to the extent the Collateral includes equipment, we anticipate that a significant amount of the Collateral will be lost through attrition, including due to casualty and theft, and to the extent the Collateral includes real property, it is subject to cond</font><font style="font-family:Arial; font-size:10pt">emnation in whole or in part. We are under no obligation to replenish or replace damaged, destroyed, condemned, stolen or taken Collateral and we are not obligated to repay the notes in whole or in part as a result of such an occurrence.&#160; A reduction in th</font><font style="font-family:Arial; font-size:10pt">e size of the Collateral pool will reduce the value of the Collateral.&#160; In addition, we are under no obligation to maintain the Collateral in good condition, repair and working order, which could impair its value.&#160; </font></p>
            <p style="margin:6pt 0pt 0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">The value of the Collateral is dependent</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> upon, among other things, its continued integration in the U-Haul system.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">Through the U-Haul system, which involves the participation of numerous independent dealers and affiliates, we rent our</font><font style="font-family:Arial; font-size:10pt"> moving and storage</font><font style="font-family:Arial; font-size:10pt"> equipment. If the U-Haul system deteriorates, ceases or fails, and an alternative rental system is not available, or if the Collateral is removed from continuous integration in the U-Haul system, such as through the repossession and sale of the Collateral</font><font style="font-family:Arial; font-size:10pt"> following a foreclosure on the Collateral, then we may not be able to rent or use the Collateral in an efficient and cost-effective manner and its value could be impaired.</font></p>
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            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">The success of the U-Haul system is in part dependent on continued participation b</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">y our numerous independent dealers and affiliates.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">As a part of the U-Haul system, we work with numerous independent dealers and affiliates that provide retail outlets through which U-Haul rental equipment is rented to our customers.&#160; Our contracts with t</font><font style="font-family:Arial; font-size:10pt">hese independent dealers </font><font style="font-family:Arial; font-size:10pt">contain provisions allowing </font><font style="font-family:Arial; font-size:10pt">the independent dealer </font><font style="font-family:Arial; font-size:10pt">to terminate the contract </font><font style="font-family:Arial; font-size:10pt">for any reason upon 30 days&#8217; advance notice.&#160; If a significant number of independent dealers were to terminate their contracts, it could adversely impact </font><font style="font-family:Arial; font-size:10pt">the U-Haul system and decrease our ability to rent equipment, which could impair our ability to repay the notes.&#160; </font></p>
            <p style="margin:6pt 0pt 0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Rights of holders of notes may be adversely affected by the failure to perfect liens in the Collateral. </font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:22pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Pursuant to the terms of the </font><font style="font-family:Arial; font-size:10pt">financi</font><font style="font-family:Arial; font-size:10pt">ng documents</font><font style="font-family:Arial; font-size:10pt">, the </font><font style="font-family:Arial; font-size:10pt">Owner</font><font style="font-family:Arial; font-size:10pt"> ha</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt"> granted a </font><font style="font-family:Arial; font-size:10pt">first-priority </font><font style="font-family:Arial; font-size:10pt">security interest in the </font><font style="font-family:Arial; font-size:10pt">Initial </font><font style="font-family:Arial; font-size:10pt">Collateral to the </font><font style="font-family:Arial; font-size:10pt">t</font><font style="font-family:Arial; font-size:10pt">rustee for the benefit of the holders. </font><font style="font-family:Arial; font-size:10pt">The servicer</font><font style="font-family:Arial; font-size:10pt"> will be responsible for ensuring that </font><font style="font-family:Arial; font-size:10pt">perfection with respect to the Collateral has occurred and sh</font><font style="font-family:Arial; font-size:10pt">all continue.&#160; </font><font style="font-family:Arial; font-size:10pt">If, because of a clerical error, fraud, forgery or otherwise, the lien of the </font><font style="font-family:Arial; font-size:10pt">tr</font><font style="font-family:Arial; font-size:10pt">ustee is not </font><font style="font-family:Arial; font-size:10pt">properly reflected and filed, </font><font style="font-family:Arial; font-size:10pt">the </font><font style="font-family:Arial; font-size:10pt">t</font><font style="font-family:Arial; font-size:10pt">rustee will not have a perfected security interest in</font><font style="font-family:Arial; font-size:10pt"> the </font><font style="font-family:Arial; font-size:10pt">Collateral and its security interest may be subordinate</font><font style="font-family:Arial; font-size:10pt"> to the interests of certain third parties.</font><font style="font-family:Arial; font-size:10pt">&#160; </font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">No legal opinions are being issued or obtained in connection</font><font style="font-family:Arial; font-size:10pt"> with the enforceability or perfection of the Collateral documentation. </font><font style="font-family:Arial; font-size:10pt">Additionally, under federal law and the laws of many states, certain possessor</font><font style="font-family:Arial; font-size:10pt">y liens, including mechanic&#8217;s liens, and certain tax liens may take priority over a perfected security interest in </font><font style="font-family:Arial; font-size:10pt">the Collateral</font><font style="font-family:Arial; font-size:10pt">.&#160;&#160; Such failures may result in the loss of the practical benefits of the</font><font style="font-family:Arial; font-size:10pt"> trustee&#8217;s </font><font style="font-family:Arial; font-size:10pt">first-priority lien on the Collateral.</font></p>
            <p style="margin:6pt 0pt 0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">The </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">trustee (or its agent, nominee or nominee mortgagee or titleholder) is the only party with the ability to foreclose on the Collateral, and certain laws and regulations may impose restrictions or limitations on foreclosure on the Collateral.</font></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">16</font><a name="EDGAR_HF_F_END_12"></a></p>
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            <p style="margin:6pt 0pt 0pt; ; text-align:justify"><a name="EDGAR_PAGE_START23"></a><font style="font-family:Arial; font-size:10pt">If AMERCO defa</font><font style="font-family:Arial; font-size:10pt">ults on the notes, the financing documents provide that the trustee (or its agent, nominee or nominee mortgagee or titleholder) is the only party with the ability to foreclose on, repossess and sell the Collateral, and no individual holder of notes may do </font><font style="font-family:Arial; font-size:10pt">so independently.&#160; The trustee&#8217;s ability to foreclose on the Collateral on behalf of the holders may also be subject to state law requirements and practical problems associated with the realization of the trustee&#8217;s security interest or lien on the Collater</font><font style="font-family:Arial; font-size:10pt">al, including locating the Collateral, which will likely be disbursed throughout the U.S. and Canada, as well as cure rights, foreclosing on the Collateral within the time periods permitted by third parties or prescribed by laws, obtaining third party cons</font><font style="font-family:Arial; font-size:10pt">ents, making additional filings and obtaining necessary approvals from governmental entities.&#160; Therefore, we cannot assure you that foreclosure on the Collateral will be straightforward or expeditious, which may impair the value of the Collateral. Certain </font><font style="font-family:Arial; font-size:10pt">provisions of the financing documents may also restrict the trustee&#8217;s, or its agent&#8217;s or nominee&#8217;s ability to foreclose on the Collateral.&#160; </font></p>
            <p style="margin:6pt 0pt 0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">The ability to foreclose on the Collateral may be adversely affected by bankruptcy proceedings.</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:22pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">If AMERCO defaults </font><font style="font-family:Arial; font-size:10pt">on the notes, the ability to foreclose on, repossess and sell the Collateral may be significantly impaired by federal bankruptcy law if bankruptcy proceedings are commenced by or against AMERCO prior to or possibly even after the trustee has repossessed an</font><font style="font-family:Arial; font-size:10pt">d disposed of the Collateral.&#160; Under the U.S. Bankruptcy Code, a secured creditor, such as the trustee for the notes, is prohibited from repossessing its security from a debtor in a bankruptcy case, or from disposing of security repossessed from a debtor, </font><font style="font-family:Arial; font-size:10pt">without bankruptcy court approval. Moreover, bankruptcy law would permit AMERCO, as the debtor, to continue to retain and use the Collateral, and the proceeds, products, rents, or profits of the Collateral, even though AMERCO could be in default under the </font><font style="font-family:Arial; font-size:10pt">financing documents, provided that the trustee were given &#8220;adequate protection&#8221;.&#160; The meaning of the term &#8220;adequate protection&#8221; may vary according to circumstances, but it is intended in general to protect the value of a secured creditor's interest in coll</font><font style="font-family:Arial; font-size:10pt">ateral and may include cash payments or the granting of additional security, if and at such time as the court in its discretion determines, for any diminution in the value of such collateral as a result of the stay of repossession or disposition or any use</font><font style="font-family:Arial; font-size:10pt"> of such collateral by the debtor during the pendency of the bankruptcy case.&#160; In view of the broad discretionary powers of a bankruptcy court, it is impossible to predict how long payments under the notes could be delayed following commencement of a bankr</font><font style="font-family:Arial; font-size:10pt">uptcy case, whether or when the trustee would repossess or dispose of the Collateral, or whether or to what extent holders of the notes would be compensated for any delay in payment of loss of value of the Collateral through the requirements of &#8220;adequate p</font><font style="font-family:Arial; font-size:10pt">rotection.&#8221; Furthermore, in the event the bankruptcy court determines that the value of the Collateral is not sufficient to repay all amounts due on the notes, the holders of the notes would have &#8220;undersecured claims&#8221; as to the difference.&#160; Federal bankrup</font><font style="font-family:Arial; font-size:10pt">tcy laws do not permit the payment or accrual of interest, costs, and attorneys' fees for &#8220;undersecured claims&#8221; during the debtor's bankruptcy case.</font></p>
            <p style="margin:6pt 0pt; page-break-after:avoid; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">The notes are not insured or guaranteed by the </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">FDIC.</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">The notes are not savings accounts, deposit accounts o</font><font style="font-family:Arial; font-size:10pt">r money market funds, and are not guaranteed or insured by the FDIC, the Federal Reserve or any other governmental agency.</font></p>
            <p style="margin:6pt 0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">AMERCO may redeem the notes at any time without penalty, but AMERCO is under no obligation to do so.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">Under the terms of the finan</font><font style="font-family:Arial; font-size:10pt">cing documents, the notes may be redeemed by AMERCO in </font><font style="font-family:Arial; font-size:10pt">its sole discretion at any time, in whole or in part, without penalty, premium or fee, </font><font style="font-family:TimesNewRomanPSMT-Identity-H; font-size:10pt">at a price equal to 100% of the principal amount </font><font style="font-family:TimesNewRomanPSMT-Identity-H; font-size:10pt">then outstanding,</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:TimesNewRomanPSMT-Identity-H; font-size:10pt">plus </font><font style="font-family:TimesNewRomanPSMT-Identity-H; font-size:10pt">accrued and unpaid interest, if </font><font style="font-family:TimesNewRomanPSMT-Identity-H; font-size:10pt">any, t</font><font style="font-family:TimesNewRomanPSMT-Identity-H; font-size:10pt">hrou</font><font style="font-family:TimesNewRomanPSMT-Identity-H; font-size:10pt">gh</font><font style="font-family:TimesNewRomanPSMT-Identity-H; font-size:10pt"> the date of redemption</font><font style="font-family:TimesNewRomanPSMT-Identity-H; font-size:10pt">.&#160; In such event, holders would not receive all of the interest payments that holders originally expected</font><font style="font-family:TimesNewRomanPSMT-Identity-H; font-size:10pt">.</font><font style="font-family:TimesNewRomanPSMT-Identity-H; font-size:10pt">&#160; </font><font style="font-family:Arial; font-size:10pt">However, AMERCO is under no obligation to redeem the notes in whole or in part under any circumstances.&#160; Accordingly, inves</font><font style="font-family:Arial; font-size:10pt">tors must be prepared to </font><font style="font-family:Arial; font-size:10pt">hold the notes until </font><font style="font-family:Arial; font-size:10pt">the maturity date.&#160; </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><a name="EDGAR_PAGE_END23"></a><font style="font-family:TimesNewRomanPSMT-Identity-H; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">17</font><a name="EDGAR_HF_F_END_12"></a></p>
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            <p style="margin:0pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; background-color:#ffffff"><a name="EDGAR_PAGE_START24"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Our subsidiaries, affiliates, directors, officers, controlling stockholders and employees have the right to purchase an unlimited number of notes in the offering.</font></p>
            <p style="margin:0pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">Our subsidiaries, </font><font style="font-family:Arial; font-size:10pt">affiliates, directors, officers, controlling stockholders and employees have the right to purchase an unlimited number of notes in the offering.&#160; If these parties end up owning a majority of the notes outstanding, we and they could exert significant influe</font><font style="font-family:Arial; font-size:10pt">nce with respect to a variety of matters affecting the notes under the financing documents, including the ability to waive an event of default, amend the notes or enforce or waive rights related to the notes and the Collateral. </font></p>
            <p style="margin:0pt; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">No underwriter or other th</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">ird-party has been engaged to facilitate the sale of the notes in this offering.</font></p>
            <p style="margin:0pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">In many public offerings, an experienced underwriter or other third party, such as a placement agent, is engaged</font><font style="font-family:Arial; font-size:10pt"> to facilitate the sale of an issuer&#8217;s securities by, among other things, helping develop and negotiate the terms of the offering, the terms of the securities and the documents governing the securities</font><font style="font-family:Arial; font-size:10pt"> and conducting due diligence with respect to the issue</font><font style="font-family:Arial; font-size:10pt">r, its affiliates and/or their respective assets</font><font style="font-family:Arial; font-size:10pt">. In such circumstances, an underwriter&#8217;s participation can lead to offering and securities terms that are more favorable to the purchasers of the securities.&#160; No underwriter or other third-party has been eng</font><font style="font-family:Arial; font-size:10pt">aged to facilitate the sale of the notes in this offering, the terms of which were developed solely by us and not with the input of any representative acting in your best interest.</font><font style="font-family:Arial; font-size:10pt">&#160; It is your responsibility to determine if the terms of this offering and t</font><font style="font-family:Arial; font-size:10pt">he notes meet your investment needs.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Risks Related to the U-Haul </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">Investors Club</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> </font></p>
            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#xa0;</font></p>
            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">The notes are being issued in uncertificated book-entry form only and exclusively serviced by U-Haul, AMERCO&#8217;s subsidiary.</font></p>
            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">The notes are being issued in uncertificated book</font><font style="font-family:Arial; font-size:10pt">-entry form only through the U-Haul Investors Club website and exclusively serviced by U-Haul, AMERCO&#8217;s subsidiary (in such capacity, the &#8220;servicer&#8221;), or its designee.&#160; In this capacity, among other duties, the servicer will record and file Collateral perf</font><font style="font-family:Arial; font-size:10pt">ection documents as appropriate, credit principal and interest into the U-Haul Investors Club accounts maintained by each holder, perform recordkeeping and registrar services and electronically receive and deliver all </font><font style="font-family:Arial; font-size:10pt">documents, statements and communicatio</font><font style="font-family:Arial; font-size:10pt">ns related to the offering, the notes and the U-Haul Investors Club.&#160; No assurance can be given that the servicer will be able to adequately fulfill its servicing obligations with respect to the notes.&#160; Additionally, because the notes are being serviced by</font><font style="font-family:Arial; font-size:10pt"> U-Haul instead of by a neutral third party, this may present a conflict of interest if a dispute regarding the servicing of the notes arises with the holders of the notes.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">One or more significant disruptions in service on the U-Haul Investors Club websit</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">e could significantly inhibit the servicer&#8217;s ability to effectively service the notes and impair the U-Haul Investors Club.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">The servicer will service the notes through the U-Haul Investors Club website.&#160; Therefore, the satisfactory performance, </font><font style="font-family:Arial; font-size:10pt">reliability and availability of the U-Haul Investors Club website and our technology and underlying network infrastructure will be critical to the servicer&#8217;s ability to effectively service the notes, and to the viability of the U-Haul Investors Club.&#160; </font><font style="font-family:Arial; font-size:10pt">One </font><font style="font-family:Arial; font-size:10pt">or more significant disruptions in service on </font><font style="font-family:Arial; font-size:10pt">the</font><font style="font-family:Arial; font-size:10pt"> U-Haul </font><font style="font-family:Arial; font-size:10pt">Investors Club</font><font style="font-family:Arial; font-size:10pt"> website</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">whether as a result of us, any third party that we retain to perform website hosting or backup functions or events that are outside of our control, such as computer viruses or</font><font style="font-family:Arial; font-size:10pt"> power or Internet-telecommunications failures,</font><font style="font-family:Arial; font-size:10pt"> could significantly </font><font style="font-family:Arial; font-size:10pt">inhibit the servicer&#8217;s</font><font style="font-family:Arial; font-size:10pt"> ability to effectively service the notes</font><font style="font-family:Arial; font-size:10pt">, including</font><font style="font-family:Arial; font-size:10pt"> processing and crediting of principal and interest into the appropriate U-Haul Investors Club accounts in a timel</font><font style="font-family:Arial; font-size:10pt">y manner, and impair the viability of the</font><font style="font-family:Arial; font-size:10pt"> U-Haul </font><font style="font-family:Arial; font-size:10pt">Investors Club</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#xa0;</font></p>
            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Through the U-Haul Investors Club, we will rely on a third-party commercial bank to process transactions between U-Haul Investors Club member accounts and their linked outside bank accounts.</font><a name="EDGAR_PAGE_END24"></a></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">18</font><a name="EDGAR_HF_F_END_12"></a></p>
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            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><a name="EDGAR_PAGE_START25"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">Because we are not a bank, we cannot belong to and directly access the Automated Clearing House (&#8220;ACH&#8221;) payment network.&#160; As a result, we will rely on an FDIC-insured depository institution to process U-Haul Investors Club transactions between U-Haul Inv</font><font style="font-family:Arial; font-size:10pt">estors Club member accounts and their linked U.S. bank accounts.&#160; If we fail to obtain such services from such an institution or elsewhere, or if we cannot transition to another processor quickly, our ability to process payments will suffer and our ability</font><font style="font-family:Arial; font-size:10pt"> to fund the offering, as well your ability to transfer principal and interest payments on the notes from your U-Haul Investors Club account to your outside bank accounts, may be impaired.</font></p>
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            <p style="margin:12pt 0pt 3pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">USE OF PROCEEDS</font></p>
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            <p style="margin:0pt; text-indent:14.4pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Assuming the notes in this offering are fully sub</font><font style="font-family:Arial; font-size:10pt">scribed, AMERCO expects to receive net proceeds from this offering of approximately $10,289,000, after deducting estimated expenses payable by it.&#160; AMERCO intends to use the net proceeds from this offering to </font><font style="font-family:Arial; font-size:10pt">reimburse </font><font style="font-family:Arial; font-size:10pt">its subsidiaries and </font><font style="font-family:Arial; font-size:10pt">affili</font><font style="font-family:Arial; font-size:10pt">ates for t</font><font style="font-family:Arial; font-size:10pt">he cost of production</font><font style="font-family:Arial; font-size:10pt"> of</font><font style="font-family:Arial; font-size:10pt"> the Collateral,</font><font style="font-family:Arial; font-size:10pt"> and for o</font><font style="font-family:Arial; font-size:10pt">ther general corporate purposes</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:12pt 0pt 3pt 18pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">RATIO OF EARNINGS TO FIXED CHARGES</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Set forth below is our ratio of earnings to fixed charges for the nine months ended December 31, 2012 and for each year in the five year</font><font style="font-family:Arial; font-size:10pt"> period ended March 31, 2012.&#160; Earnings consist of earnings before interest expense and lease expense.&#160; Fixed charges consist of interest expense and an estimate of the portion of lease expense related to the interest component. </font></p>
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                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">Nine Months Ended</font></p>
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                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">Year </font><font style="font-family:Arial; font-size:10pt">Ended March 31,</font></p>
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                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">December 31, 2012</font></p>
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                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">2012</font></p>
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                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">2011</font></p>
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                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">2009</font></p>
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                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">2008</font></p>
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                            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">Ratio of earnings to fixed charges</font></p>
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                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">4.7x</font></p>
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                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">3.4x</font></p>
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                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">3.1x</font></p>
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                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">1.7x</font></p>
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                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">1.1x</font></p>
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                            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt">1.7x</font></p>
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            <p style="margin:12pt 0pt 3pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">DESCRIPTION OF NOTES</font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><a name="_11"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></a></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-style:italic">The following </font><font style="font-family:Arial; font-size:10pt; font-style:italic">description</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> is a summary of the material p</font><font style="font-family:Arial; font-size:10pt; font-style:italic">rovisions of the notes and the financing documents </font><font style="font-family:Arial; font-size:10pt; font-style:italic">under which the notes are</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> being</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> issued</font><font style="font-family:Arial; font-size:10pt; font-style:italic">.&#160; Each of the financing documents and the notes that will be executed and delivered upon the issuance date</font><font style="font-family:Arial; font-size:10pt; font-style:italic">, and not the description of the </font><font style="font-family:Arial; font-size:10pt; font-style:italic">financing documents </font><font style="font-family:Arial; font-size:10pt; font-style:italic">and the</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> notes in this prospectus supplement, defines your </font><font style="font-family:Arial; font-size:10pt; font-style:italic">rights as holders of the notes.&#160; Copies of the financing documents will be</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> available </font><font style="font-family:Arial; font-size:10pt; font-style:italic">electronically through the U-Haul Investors Club website.&#160; You may also request electronic copies of the financing docum</font><font style="font-family:Arial; font-size:10pt; font-style:italic">ents from AMERCO as </font><font style="font-family:Arial; font-size:10pt; font-style:italic">indicated under &#8220;Where You Can Find More Information&#8221;</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> in this prospectus supplement.</font></p>
            <p style="margin:0pt 0pt 12pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Brief Description of the Notes</font></p>
            <p style="margin:12pt 0pt; text-indent:18pt"><font style="font-family:Arial; font-size:10pt">The notes are:</font></p>
            <p style="margin:0pt 0pt 0pt 54pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">The notes will be issued over a period of time and from time to time, in up to four separate series, with</font><font style="font-family:Arial; font-size:10pt"> each series having one or more separate sub-series bearing a unique interest rate and term as provided herein.&#160; As notes are offered, prospective investors shall have the opportunity to select the series and sub-series of notes for which such prospective </font><font style="font-family:Arial; font-size:10pt">investor is subscribing.&#160; </font></p>
            <p style="margin:0pt 0pt 0pt 36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 0pt 54pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">being </font><font style="font-family:Arial; font-size:10pt">issued </font><font style="font-family:Arial; font-size:10pt">under a base</font><font style="font-family:Arial; font-size:10pt"> indenture entered into </font><font style="font-family:Arial; font-size:10pt">between AMERCO and the trustee, an indenture supplement between AMERCO and the trustee, and a pledge and security agreement among AMERCO, the trustee and the Owner (collectively, </font><font style="font-family:Arial; font-size:10pt">and </font><font style="font-family:Arial; font-size:10pt">together with an</font><font style="font-family:Arial; font-size:10pt">y other instruments and documents executed and delivered pursuant to </font><font style="font-family:Arial; font-size:10pt">the foregoing</font><a name="EDGAR_PAGE_END25"></a></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">19</font><a name="EDGAR_HF_F_END_12"></a></p>
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            <p style="margin:0pt 0pt 0pt 54pt; text-indent:-18pt; text-align:justify"><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt"> </font><a name="EDGAR_PAGE_START26"></a><font style="font-family:Arial; font-size:10pt">documents, </font><font style="font-family:Arial; font-size:10pt">as the same may be amended, supplemented or otherwise modified from time to time</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">the &#8220;financing documents&#8221;); </font></p>
            <p style="margin:0pt 0pt 0pt 36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 0pt 54pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">AMERCO&#8217;s obligations only, and</font><font style="font-family:Arial; font-size:10pt"> not guaranteed by any of AMERCO&#8217;s subsidiaries, and therefore are </font><font style="font-family:Arial; font-size:10pt">structurally subordinated to the claims of </font><font style="font-family:Arial; font-size:10pt">existing and future </font><font style="font-family:Arial; font-size:10pt">creditors of AMERCO&#8217;s subsidiaries, including U-Haul</font><font style="font-family:Arial; font-size:10pt">;</font></p>
            <p style="margin:0pt 0pt 0pt 36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 0pt 54pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">obligations of AMERCO, secured by a first-priority lien on the Collater</font><font style="font-family:Arial; font-size:10pt">al;</font></p>
            <p style="margin:0pt 0pt 0pt 36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 0pt 54pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">ranked equally among themselves; and</font></p>
            <p style="margin:0pt 0pt 0pt 36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 0pt 54pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">being issued by AMERCO in uncertificated book-entry form only.</font></p>
            <p style="margin:12pt 0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The notes will not be listed on any securities exchange.&#160; There is no market for the notes. </font></p>
            <p style="margin:0pt 0pt 12pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Principal, Maturity and </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">Interest</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">; Amortization Schedule</font></p>
            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The notes </font><font style="font-family:Arial; font-size:10pt">are</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">secured </font><font style="font-family:Arial; font-size:10pt">debt securities under the </font><font style="font-family:Arial; font-size:10pt">financing</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">documents </font><font style="font-family:Arial; font-size:10pt">and </font><font style="font-family:Arial; font-size:10pt">are</font><font style="font-family:Arial; font-size:10pt"> limited to </font><font style="font-family:Arial; font-size:10pt">the </font><font style="font-family:Arial; font-size:10pt"> aggregate principal amount </font><font style="font-family:Arial; font-size:10pt">identified above.&#160; The notes will be issued over a period of time and from time to time, </font><font style="font-family:Arial; font-size:10pt">in up to four separate series (Series UIC-10C, S</font><font style="font-family:Arial; font-size:10pt">eries UIC-11C, Series UIC-12C and Series UIC-13C), with each series having one or more separate sub-series bearing a unique interest rate and term as follows:&#160;&#160; </font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a </font><font style="font-family:Arial; font-size:10pt">2</font><font style="font-family:Arial; font-size:10pt">-year term shall bear interest at 3.</font><font style="font-family:Arial; font-size:10pt">00</font><font style="font-family:Arial; font-size:10pt">% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All </font><font style="font-family:Arial; font-size:10pt">sub-series of notes with a 3-year term shall bear interest at 3.75% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a 4-year term shall bear interest at 4.27% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a 5-year term shall bear interest at 4.80% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All sub-</font><font style="font-family:Arial; font-size:10pt">series of notes with a 6-year term shall bear interest at 5.32% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a 7-year term shall bear interest at 5.85% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a 8-year term shall bear interest at 6.37% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All sub-seri</font><font style="font-family:Arial; font-size:10pt">es of notes with a 9-year term shall bear interest at 6.51% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">- All sub-series of notes with a 10-year term shall bear interest at 6.65% per annum</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:12pt 0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">As notes are offered, p</font><font style="font-family:Arial; font-size:10pt">rospective investors shall have the opportunity to select the series and </font><font style="font-family:Arial; font-size:10pt">sub-series of notes for which such prospective investor is subscribing.&#160; </font></p>
            <p style="margin:0pt; text-indent:36pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">The notes issued under Series UIC-10C are secured by a first-priority lien on a pool of U-Haul furniture dollies manufactured in fiscal year 2013&#160; (the &#8220;Furniture Dollies&#8221;).&#160; </font><font style="font-family:Arial; font-size:10pt">For eac</font><font style="font-family:Arial; font-size:10pt">h $</font><font style="font-family:Arial; font-size:10pt">50</font><font style="font-family:Arial; font-size:10pt"> invested with us in the notes under Series UIC-</font><font style="font-family:Arial; font-size:10pt">10C</font><font style="font-family:Arial; font-size:10pt">, we will pledge to the trustee, for the benefit of the noteholders, one </font><font style="font-family:Arial; font-size:10pt">Furniture Dolly</font><font style="font-family:Arial; font-size:10pt">.&#160;&#160; </font></p>
            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">The notes issued under Series UIC-11C are secured by a first priority lien on a pool of U-Haul tow dollies</font><font style="font-family:Arial; font-size:10pt"> manufactured in fiscal year 2014 (the &#8220;Tow Dollies&#8221;).&#160; </font><font style="font-family:Arial; font-size:10pt">For each $</font><font style="font-family:Arial; font-size:10pt">2,000</font><font style="font-family:Arial; font-size:10pt"> invested with us in the notes under Series UIC-</font><font style="font-family:Arial; font-size:10pt">11C</font><font style="font-family:Arial; font-size:10pt">, we will pledge to the trustee, for the benefit of the noteholders, one </font><font style="font-family:Arial; font-size:10pt">Tow Dolly</font><font style="font-family:Arial; font-size:10pt">.&#160;&#160; </font></p>
            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">The notes issued under Series UIC-12C are secu</font><font style="font-family:Arial; font-size:10pt">red by a first priority lien on a pool of U-Haul AV model trailers manufactured between 1990 and 2004 (the &#8220;AV 1990-2004 Units&#8221;).&#160; </font><font style="font-family:Arial; font-size:10pt">For each $</font><font style="font-family:Arial; font-size:10pt">1,000</font><font style="font-family:Arial; font-size:10pt"> invested with us in the notes under Series UIC-</font><font style="font-family:Arial; font-size:10pt">12C</font><font style="font-family:Arial; font-size:10pt">, we will pledge to the trustee, for the benefit of the not</font><font style="font-family:Arial; font-size:10pt">eholders, one </font><font style="font-family:Arial; font-size:10pt">AV 1990-2004 Unit</font><font style="font-family:Arial; font-size:10pt">.&#160;&#160; </font><font style="font-family:Arial; font-size:10pt"> </font></p>
            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">The notes issued under Series UIC-13C are secured by a first priority lien on a pool of U-Haul RV model trailers manufactured between 1993 and 2001 (the &#8220;RV 1993-2001 Units&#8221;). </font><font style="font-family:Arial; font-size:10pt">For each $</font><font style="font-family:Arial; font-size:10pt">1,600</font><font style="font-family:Arial; font-size:10pt"> </font></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">20</font><a name="EDGAR_HF_F_END_12"></a></p>
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            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><a name="EDGAR_PAGE_START27"></a><font style="font-family:Arial; font-size:10pt">invested with us in the </font><font style="font-family:Arial; font-size:10pt">notes under Series UIC-</font><font style="font-family:Arial; font-size:10pt">13C</font><font style="font-family:Arial; font-size:10pt">, we will pledge to the trustee, for the benefit of the noteholders, one </font><font style="font-family:Arial; font-size:10pt">RV 1993-2001 Unit</font><font style="font-family:Arial; font-size:10pt">.&#160;&#160; </font><font style="font-family:Arial; font-size:10pt"> </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The notes </font><font style="font-family:Arial; font-size:10pt">are being</font><font style="font-family:Arial; font-size:10pt"> issue</font><font style="font-family:Arial; font-size:10pt">d in minimum denominations of $100</font><font style="font-family:Arial; font-size:10pt"> and integral multiples of $</font><font style="font-family:Arial; font-size:10pt">100</font><font style="font-family:Arial; font-size:10pt"> thereof.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The respective notes accrue inte</font><font style="font-family:Arial; font-size:10pt">rest at the interest rates identified above, commencing as of the issue date.&#160; </font><font style="font-family:Arial; font-size:10pt">Interest on the notes </font><font style="font-family:Arial; font-size:10pt">is</font><font style="font-family:Arial; font-size:10pt"> computed on the basis of a 360-day year comprised of twelve 30-day months.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The notes are fully amortizing.&#160; Payments of principal and the accrued inter</font><font style="font-family:Arial; font-size:10pt">est will be credited to the respective holder&#8217;s U-Haul Investors Club account, in arrears every three months, commencing three months from the issue date and ending on the maturity date, as reflected in the following payment schedules;</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">provided, however, p</font><font style="font-family:Arial; font-size:10pt">rincipal and interest payments with respect to notes issued under Series UIC-10C will be credited to such holder&#8217;s U-Haul Investors Club&#8482; account in arrears three months from the issue date of the first subseries of notes issued to any investor under Serie</font><font style="font-family:Arial; font-size:10pt">s UIC-10C, and shall be based on the actual number of days the holder is invested in such notes during such quarter.&#160; Interest on the notes is calculated based upon the outstanding balance of the notes at the time interest is due.&#160; </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The following schedule</font><font style="font-family:Arial; font-size:10pt">s illustrate investments of $100 in each of the sub-series of the notes which may be issued under series UIC-10C, 12C and 13C.&#160; </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Notes accruing at 3.</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">00</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">%, </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">2</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> year maturity</font><font style="font-family:Arial; font-size:10pt">:</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payment Number</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">1</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.75</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.93</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:99.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">2</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:144pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$87.82</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.26</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.66</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.92</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:99.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">3</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:144pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$75.56</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.36</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.93</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:99.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">4</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:144pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$63.20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.46</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.47</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.93</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:99.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">5</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:144pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$50.74</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.54</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.38</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.92</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:99.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">6</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:144pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$38.20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.63</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.29</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.92</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:99.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">7</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:144pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$25.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.74</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.93</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:99.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">8</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:144pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.83</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.83</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.93</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:99.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Total</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:144pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$3.41</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$103.41</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt 0pt 0pt 4.65pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Notes </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">accruing at 3.75%, 3 year maturity</font><font style="font-family:Arial; font-size:10pt">:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:438pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payment Number</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">U-Note Balance</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Principal</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Interest</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payout</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">1</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$7.91</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.94</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.85</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">2</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$92.09</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$7.99</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.86</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.85</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">3</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$84.10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.06</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.79</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.85</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">4</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$76.04</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.71</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.85</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">5</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$67.90</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.21</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.64</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.85</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">6</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$59.69</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.29</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.56</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.85</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">7</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$51.40</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.37</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.48</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.85</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">8</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$43.03</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.45</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.40</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.85</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">9</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$34.58</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.53</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.32</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.85</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$26.05</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.61</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.24</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.85</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$17.44</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.68</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.84</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.76</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.76</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.08</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.84</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Total</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$6.18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$106.18</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt 0pt 0pt 4.65pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Notes accruing at </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">4.27</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">%, </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">4</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> year maturity</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:438pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payment Number</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">U-Note Balance</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Principal</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Interest</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payout</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">1</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.76</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.07</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.83</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">2</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$94.24</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.82</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.01</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.83</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">3</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$88.42</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.89</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.94</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.83</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">4</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$82.53</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.95</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.88</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.83</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">5</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$76.58</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.01</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.82</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.83</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">6</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$70.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.08</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.75</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.83</font><a name="EDGAR_PAGE_END27"></a></p>
                    </td>
                </tr>
            </table>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">21</font><a name="EDGAR_HF_F_END_12"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <br>
        </div>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:438pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><a name="EDGAR_PAGE_START28"></a><font style="font-family:Arial; font-size:8pt">7</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$64.49</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.69</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.83</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">8</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$58.35</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.21</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.62</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.83</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">9</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$52.14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.56</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.83</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$45.87</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.35</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.49</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.84</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$39.52</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.41</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.42</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.83</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$33.11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.49</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.35</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.84</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$26.62</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.55</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.28</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.83</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$20.07</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.62</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.21</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.83</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$13.45</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.69</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.83</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.76</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.76</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.07</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.83</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Total</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$9.30</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$109.30</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Notes accruing at </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">4.80</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">%, </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">5</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> year maturity</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:438pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payment Number</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">U-Note Balance</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Principal</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Interest</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payout</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">1</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.45</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.65</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">2</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$95.55</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.50</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.65</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">3</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$91.05</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.56</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.09</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.65</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">4</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$86.49</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.61</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.04</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.65</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">5</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$81.88</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.68</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.98</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.66</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">6</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$77.20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.72</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.93</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.65</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">7</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$72.48</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.79</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.87</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.66</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">8</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$67.69</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.84</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.81</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.65</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">9</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$62.85</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.90</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.75</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.65</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$57.95</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.96</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.70</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.66</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$52.99</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.01</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.64</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.65</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$47.98</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.08</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.58</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.66</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$42.90</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.51</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.66</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$37.75</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.45</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.65</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$32.55</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.39</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.66</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$27.28</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.32</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.65</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$21.96</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.40</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.26</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.66</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$16.56</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.45</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.65</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$11.11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.53</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.66</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.58</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.58</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.07</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.65</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Total</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$13.08</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$113.08</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt 0pt 0pt 4.65pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Notes accruing at </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">5.32</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">%, </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">6</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> year maturity</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:438pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payment Number</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">U-Note Balance</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Principal</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Interest</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payout</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">1</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.56</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.89</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">2</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$96.44</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.61</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.28</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.89</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">3</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$92.83</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.66</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.23</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.89</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">4</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$89.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.70</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.89</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">5</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$85.47</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.76</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.90</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">6</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$81.71</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.81</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.09</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.90</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">7</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$77.90</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.86</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.04</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.90</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">8</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$74.04</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.91</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.98</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.89</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">9</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$70.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.96</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.93</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.89</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$66.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.02</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.88</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.90</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$62.15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.06</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.83</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.89</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$58.09</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.77</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.90</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$53.96</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.72</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.89</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$49.79</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.24</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.66</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.90</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$45.55</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.28</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.61</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.89</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$41.27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.35</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.55</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.90</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$36.92</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.41</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.49</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.90</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$32.51</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.46</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.43</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.89</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$28.05</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.53</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.37</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.90</font><a name="EDGAR_PAGE_END28"></a></p>
                    </td>
                </tr>
            </table>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">22</font><a name="EDGAR_HF_F_END_12"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <br>
        </div>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:438pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><a name="EDGAR_PAGE_START29"></a><font style="font-family:Arial; font-size:8pt">20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$23.52</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.58</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.31</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.89</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">21</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$18.94</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.64</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.89</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$14.30</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.70</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.89</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">23</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$9.60</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.77</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.90</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">24</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.83</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.83</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.06</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.89</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Total</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$17.46</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$117.46</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt 0pt 0pt 4.65pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Notes accruing at </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">5.85</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">%, </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">7</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> year maturity</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:438pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payment Number</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">U-Note Balance</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Principal</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Interest</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payout</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">1</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.92</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.46</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">2</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$97.08</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.96</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.42</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">3</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$94.12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.38</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">4</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$91.12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.05</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">5</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$88.07</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.09</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.29</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">6</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$84.98</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.24</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">7</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$81.84</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">8</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$78.66</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.23</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">9</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$75.43</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.28</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$72.15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.32</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.06</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$68.83</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.37</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.01</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$65.46</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.42</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.96</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$62.04</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.47</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.91</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$58.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.52</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.86</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$55.05</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.81</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$51.48</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.63</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.75</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$47.85</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.68</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.70</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$44.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.73</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.65</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$40.44</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.79</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.59</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$36.65</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.84</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.54</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">21</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$32.81</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.90</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.48</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$28.91</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.96</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.42</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">23</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$24.95</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.36</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.37</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">24</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$20.94</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.06</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.31</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.37</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$16.88</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">26</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.75</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.37</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">28</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.32</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.32</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.06</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Total</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$22.61</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$122.61</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt 0pt 0pt 4.65pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Notes accruing at </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">6.37</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">%, </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">8</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> year maturity</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:438pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payment Number</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">U-Note Balance</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Principal</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Interest</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payout</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">1</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.42</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.59</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">2</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$97.58</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.46</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.55</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">3</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$95.12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.50</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.51</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">4</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$92.62</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.54</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.47</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">5</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$90.08</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.58</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.43</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">6</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$87.50</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.62</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.39</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">7</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$84.88</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.66</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.35</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">8</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$82.22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.70</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.31</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">9</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$79.52</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.74</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$76.78</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.79</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$73.99</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.83</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$71.16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.88</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$68.28</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.92</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.09</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$65.36</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.97</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.04</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$62.39</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.02</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.99</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$59.37</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.06</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.95</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font><a name="EDGAR_PAGE_END29"></a></p>
                    </td>
                </tr>
            </table>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">23</font><a name="EDGAR_HF_F_END_12"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <br>
        </div>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:438pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><a name="EDGAR_PAGE_START30"></a><font style="font-family:Arial; font-size:8pt">17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$56.31</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.90</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$53.20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.85</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.02</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$50.03</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.21</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.80</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$46.82</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.75</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.02</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">21</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$43.55</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.69</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.02</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$40.22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.37</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.64</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">23</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$36.85</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.43</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.59</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.02</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">24</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$33.42</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.49</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.53</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.02</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$29.93</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.53</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.48</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">26</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$26.40</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.60</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.42</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.02</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$22.80</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.65</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.36</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">28</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$19.15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.71</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.30</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">29</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$15.44</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.76</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.01</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">30</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$11.68</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.83</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.02</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">31</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$7.85</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.89</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.02</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">32</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.96</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.96</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.06</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.02</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Total</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$28.41</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$128.41</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt 0pt 0pt 4.65pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Notes accruing at </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">6.51</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">%, </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">9</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> year maturity</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:438pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payment Number</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">U-Note Balance</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Principal</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Interest</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payout</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">1</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.06</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.63</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">2</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$97.94</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.59</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">3</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$95.84</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.56</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">4</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$93.71</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.53</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">5</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$91.55</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.49</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">6</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$89.35</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.24</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.45</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">7</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$87.11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.42</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">8</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$84.84</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.31</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.38</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">9</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$82.53</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.35</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.34</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$80.18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.39</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.30</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$77.79</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.42</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$75.37</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.46</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.23</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$72.91</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.50</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$70.41</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.54</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$67.87</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.59</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$65.28</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.63</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.06</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$62.65</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.68</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.02</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.70</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$59.97</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.71</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.98</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$57.26</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.77</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.93</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.70</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$54.49</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.80</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.89</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">21</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$51.69</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.86</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.84</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.70</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$48.83</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.91</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.79</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.70</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">23</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$45.92</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.94</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.75</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">24</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$42.98</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.99</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.70</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$39.99</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.05</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.65</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.70</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">26</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$36.94</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.09</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.60</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$33.85</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.55</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.70</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">28</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$30.70</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.50</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">29</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$27.51</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.45</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.70</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">30</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$24.26</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.30</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.39</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">31</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$20.96</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.35</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.34</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">32</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$17.61</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.41</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.29</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.70</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$14.20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.47</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.23</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.70</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">34</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$10.73</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.52</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">35</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$7.21</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.69</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">36</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.64</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.64</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.06</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.70</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Total</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$32.94</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$132.94</font></p>
                    </td>
                </tr>
            </table>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">24</font><a name="EDGAR_HF_F_END_12"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <br>
        </div>
            <p style="margin:0pt 0pt 0pt 4.65pt"><a name="EDGAR_PAGE_START31"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Notes accruing at </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">6.65</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">%, </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">10</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> year maturity</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:438pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payment Number</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">U-Note Balance</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Principal</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Interest</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payout</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">1</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.78</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.66</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">2</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$98.22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.81</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.63</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">3</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$96.41</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.84</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.60</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">4</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$94.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.87</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">5</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$92.70</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.90</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.54</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">6</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$90.80</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.93</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.51</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">7</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$88.87</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.96</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.48</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">8</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$86.91</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.44</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">9</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$84.91</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.03</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.41</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$82.88</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.06</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.38</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$80.82</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.34</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$78.72</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.31</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$76.59</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$74.42</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.24</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$72.22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.24</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$69.98</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.28</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$67.70</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.31</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$65.39</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.35</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.09</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$63.04</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.39</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.05</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$60.65</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.44</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.01</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.45</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">21</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$58.21</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.48</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.97</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.45</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$55.73</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.51</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.93</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">23</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$53.22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.88</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.45</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">24</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$50.65</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.60</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.84</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$48.05</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.64</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.80</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">26</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$45.41</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.70</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.75</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.45</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$42.71</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.73</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.71</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">28</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$39.98</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.79</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.66</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.45</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">29</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$37.19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.82</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.62</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">30</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$34.37</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.87</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">31</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$31.50</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.93</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.52</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.45</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">32</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$28.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.97</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.47</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$25.60</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.01</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.43</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">34</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$22.59</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.07</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.38</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.45</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">35</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$19.52</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.32</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.45</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">36</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$16.39</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">37</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$13.22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">38</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$10.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">39</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.73</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.34</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.45</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">40</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.39</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.39</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.06</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.45</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:98pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Total</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:145pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$37.70</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:65pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$137.70</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt 0pt 0pt 4.65pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The following schedules illustrate investments of $100 in each of the sub-series of the notes which may be issued under series UIC-11C, pursuant to which amortization shall be calculated under a fixed principal, declining interest method.&#160; </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Notes accruing</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> at </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">3.75</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">%, </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">3</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> year maturity</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:437.25pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payment Number</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">U-Note Balance</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Principal</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Interest</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payout</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">1</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.94</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$9.27</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">2</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$91.67</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.86</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$9.19</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">3</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$83.34</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.78</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$9.11</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">4</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$75.01</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.70</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$9.03</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">5</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$66.68</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.63</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.96</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">6</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$58.35</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.55</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.88</font><a name="EDGAR_PAGE_END31"></a></p>
                    </td>
                </tr>
            </table>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">25</font><a name="EDGAR_HF_F_END_12"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <br>
        </div>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:437.25pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><a name="EDGAR_PAGE_START32"></a><font style="font-family:Arial; font-size:8pt">7</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$50.02</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.47</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.80</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">8</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$41.69</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.39</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.72</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">9</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$33.36</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.31</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.64</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$25.03</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.23</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.56</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$16.70</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.49</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.37</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.37</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.08</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.45</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Total</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold; color:#ffffff">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$6.10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$106.10</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt 0pt 0pt 4.65pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Notes accruing at </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">4.27</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">%, </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">4</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> year maturity</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:437.25pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payment Number</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">U-Note Balance</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Principal</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Interest</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payout</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">1</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.07</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$7.32</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">2</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$93.75</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$7.25</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">3</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$87.50</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.93</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$7.18</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">4</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$81.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.87</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$7.12</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">5</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$75.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.80</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$7.05</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">6</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$68.75</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.73</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.98</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">7</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$62.50</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.67</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.92</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">8</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$56.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.60</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.85</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">9</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$50.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.53</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.78</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$43.75</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.47</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.72</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$37.50</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.40</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.65</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$31.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.58</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$25.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.52</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$18.75</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.45</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.50</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.07</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.32</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Total</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold; color:#ffffff">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$9.07</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$109.07</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt 0pt 0pt 4.65pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Notes accruing at </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">4.80</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">%, </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">5</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> year maturity</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:437.25pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payment Number</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">U-Note Balance</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Principal</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Interest</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payout</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">1</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.20</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">2</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$95.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.14</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">3</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$90.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.08</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.08</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">4</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$85.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.02</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.02</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">5</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$80.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.96</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.96</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">6</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$75.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.90</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.90</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">7</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$70.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.84</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.84</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">8</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$65.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.78</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.78</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">9</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$60.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.72</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.72</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$55.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.66</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.66</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$50.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.60</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.60</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$45.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.54</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.54</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$40.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.48</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.48</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$35.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.42</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.42</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$30.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.36</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.36</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$25.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.30</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.30</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$20.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.24</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.24</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$15.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.18</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$10.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.12</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.06</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.06</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Total</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold; color:#ffffff">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$12.60</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$112.60</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt 0pt 0pt 4.65pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Notes accruing at </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">5.32</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">%, </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">6</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> year maturity</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">:</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:437.25pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payment Number</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">U-Note Balance</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Principal</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Interest</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payout</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">1</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.50</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">2</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$95.83</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.44</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">3</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$91.66</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.39</font><a name="EDGAR_PAGE_END32"></a></p>
                    </td>
                </tr>
            </table>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">26</font><a name="EDGAR_HF_F_END_12"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <br>
        </div>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:437.25pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><a name="EDGAR_PAGE_START33"></a><font style="font-family:Arial; font-size:8pt">4</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$87.49</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.33</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">5</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$83.32</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.28</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">6</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$79.15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.05</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.22</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">7</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$74.98</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.17</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">8</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$70.81</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.94</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.11</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">9</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$66.64</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.89</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.06</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$62.47</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.83</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.00</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$58.30</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.78</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.95</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$54.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.72</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.89</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$49.96</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.66</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.83</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$45.79</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.61</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.78</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$41.62</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.55</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.72</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$37.45</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.50</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.67</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$33.28</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.44</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.61</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$29.11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.39</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.56</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$24.94</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.33</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.50</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$20.77</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.28</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.45</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">21</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$16.60</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.39</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.43</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.34</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">23</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$8.26</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.28</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">24</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.09</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.09</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.05</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.14</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Total</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold; color:#ffffff">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$16.61</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$116.61</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt 0pt 0pt 4.65pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Notes accruing at </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">5.85</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">%, </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">7</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> year maturity</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:437.25pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payment Number</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">U-Note Balance</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Principal</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Interest</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payout</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">1</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.46</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$5.03</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">2</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$96.43</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.41</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.98</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">3</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$92.86</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.36</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.93</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">4</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$89.29</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.31</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.88</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">5</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$85.72</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.82</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">6</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$82.15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.77</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">7</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$78.58</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.72</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">8</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$75.01</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.67</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">9</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$71.44</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.04</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.61</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$67.87</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.99</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.56</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$64.30</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.94</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.51</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$60.73</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.89</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.46</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$57.16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.84</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.41</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$53.59</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.78</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.35</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$50.02</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.73</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.30</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$46.45</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.68</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.25</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$42.88</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.63</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.20</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$39.31</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.14</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$35.74</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.52</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.09</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$32.17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.47</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.04</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">21</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$28.60</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.42</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.99</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$25.03</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.37</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.94</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">23</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$21.46</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.31</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.88</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">24</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$17.89</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.26</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.83</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$14.32</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.21</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.78</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">26</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$10.75</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.73</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$7.18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.68</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">28</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.61</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.61</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.05</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.66</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Total</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold; color:#ffffff">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$21.21</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$121.21</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt 0pt 0pt 4.65pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">27</font><a name="EDGAR_HF_F_END_12"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <br>
        </div>
            <p style="margin:0pt; ; text-align:justify"><a name="EDGAR_PAGE_START34"></a><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Notes accruing at </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">6.37</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">%, </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">8</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> year maturity</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:437.25pt">
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payment Number</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">U-Note Balance</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Principal</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Interest</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Payout</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">1</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.59</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.72</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">2</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$96.87</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.54</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.67</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">3</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$93.74</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.49</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.62</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">4</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$90.61</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.44</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.57</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">5</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$87.48</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.39</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.52</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">6</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$84.35</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.34</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.47</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">7</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$81.22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.29</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.42</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">8</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$78.09</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.24</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.37</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">9</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$74.96</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.32</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$71.83</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.27</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">11</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$68.70</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.09</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.22</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">12</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$65.57</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$1.04</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.17</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$62.44</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.99</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.12</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$59.31</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.94</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.07</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$56.18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.89</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$4.02</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">16</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$53.05</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.84</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.97</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">17</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$49.92</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.79</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.92</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">18</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$46.79</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.75</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.88</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">19</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$43.66</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.70</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.83</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$40.53</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.65</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.78</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">21</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$37.40</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.60</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.73</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">22</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$34.27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.55</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.68</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">23</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$31.14</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.50</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.63</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">24</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$28.01</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.45</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.58</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$24.88</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.40</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.53</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">26</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$21.75</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.35</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.48</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">27</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$18.62</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.30</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.43</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">28</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$15.49</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.25</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.38</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">29</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$12.36</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.20</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.33</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">30</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$9.23</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.15</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.28</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">31</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$6.10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.13</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.10</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.23</font></p>
                    </td>
                </tr>
                <tr style="height:12.75pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">32</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.97</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$2.97</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$0.05</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt">$3.02</font></p>
                    </td>
                </tr>
                <tr style="height:11.25pt">
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:104pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">Total</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:139.75pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold; color:#ffffff">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$100.00</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:67.5pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$26.23</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:bottom; width:63pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:8pt; font-weight:bold">$126.23</font></p>
                    </td>
                </tr>
            </table>
            <p style="margin:0pt 0pt 0pt 4.65pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">T</font><font style="font-family:Arial; font-size:10pt">he </font><font style="font-family:Arial; font-size:10pt">r</font><font style="font-family:Arial; font-size:10pt">ecord </font><font style="font-family:Arial; font-size:10pt">d</font><font style="font-family:Arial; font-size:10pt">ate is the </font><font style="font-family:Arial; font-size:10pt">first day of the month preceding the related due date for the crediting of principal and interest on the </font><font style="font-family:Arial; font-size:10pt">n</font><font style="font-family:Arial; font-size:10pt">otes in the </font><font style="font-family:Arial; font-size:10pt">h</font><font style="font-family:Arial; font-size:10pt">older&#8217;s U-Haul Investors Club account.</font><font style="font-family:Arial; font-size:10pt">&#160;&#160; If any date for the crediting of principal and interest into a </font><font style="font-family:Arial; font-size:10pt">h</font><font style="font-family:Arial; font-size:10pt">older&#8217;s U-Haul</font><font style="font-family:Arial; font-size:10pt"> Investors Club ac</font><font style="font-family:Arial; font-size:10pt">count, including the maturity date</font><font style="font-family:Arial; font-size:10pt">, falls on a day that is not a </font><font style="font-family:Arial; font-size:10pt">b</font><font style="font-family:Arial; font-size:10pt">usiness </font><font style="font-family:Arial; font-size:10pt">d</font><font style="font-family:Arial; font-size:10pt">ay, the required crediting of principal and interest on the </font><font style="font-family:Arial; font-size:10pt">n</font><font style="font-family:Arial; font-size:10pt">otes shall be due and made on the next day constituting a </font><font style="font-family:Arial; font-size:10pt">b</font><font style="font-family:Arial; font-size:10pt">usiness </font><font style="font-family:Arial; font-size:10pt">d</font><font style="font-family:Arial; font-size:10pt">ay.</font><font style="font-family:Arial; font-size:10pt">&#160; </font></p>
            <p style="margin:0pt 0pt 12pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Additional Issuances</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO may not</font><font style="font-family:Arial; font-size:10pt"> create </font><font style="font-family:Arial; font-size:10pt">or</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">issue ad</font><font style="font-family:Arial; font-size:10pt">ditional notes secured by the Collateral unless it obtains the </font><font style="font-family:Arial; font-size:10pt">consent of </font><font style="font-family:Arial; font-size:10pt">holders of </font><font style="font-family:Arial; font-size:10pt">at least</font><font style="font-family:Arial; font-size:10pt"> 51% of the principal amount of the outstanding notes</font><font style="font-family:Arial; font-size:10pt">.&#160;&#160;&#160; However, AMERCO intends to offer additional securities through the U-Haul Investors Club simultan</font><font style="font-family:Arial; font-size:10pt">eously with this offering and in the future, including securities that are secured by assets owned by AMERCO or its subsidiaries other than the Collateral, which it may do in its sole discretion and without the consent of the holders of the notes.</font></p>
            <p style="margin:0pt 0pt 12pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Ranking</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The notes </font><font style="font-family:Arial; font-size:10pt">are the obligations of AMERCO only.&#160; The notes are not being guaranteed by any of AMERCO&#8217;s subsidiaries, and therefore will effectively be </font><font style="font-family:Arial; font-size:10pt">structurally subordinated to the claims of </font><font style="font-family:Arial; font-size:10pt">existing and future </font><font style="font-family:Arial; font-size:10pt">creditors of AMERCO&#8217;s subsidiaries, includin</font><font style="font-family:Arial; font-size:10pt">g U-Haul</font><font style="font-family:Arial; font-size:10pt">.&#160; Other than with respect to the</font><a name="EDGAR_PAGE_END34"></a></p>
        <div class="footer" style="clear:both">
            <br>
            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">28</font><a name="EDGAR_HF_F_END_12"></a></p>
            <br>
        </div>
        </div>
        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <br>
        </div>
            <p style="margin:0pt 0pt 12pt; ; text-align:justify"><font style="font-family:Arial; font-size:10pt"> </font><a name="EDGAR_PAGE_START35"></a><font style="font-family:Arial; font-size:10pt">Collateral, the notes rank equally in right of payment with any existing and future unsecured indebtedness of AMERCO.</font></p>
            <p style="margin:0pt 0pt 12pt; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Optional Redemption</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">The notes </font><font style="font-family:Arial; font-size:10pt">or any sub-series or other portion thereof </font><font style="font-family:Arial; font-size:10pt">may be redeemed by </font><font style="font-family:Arial; font-size:10pt">AMERCO in its sole discretion at any time, in whole or in part on a pro rata basis</font><font style="font-family:Arial; font-size:10pt"> or on any other basis as determined by AMERCO in its sole discretion</font><font style="font-family:Arial; font-size:10pt">, without penalty, premium or fee, at a price equal to 100% of the principal amount then outstanding, plu</font><font style="font-family:Arial; font-size:10pt">s accrued and unpaid interest, if any, through the date of redemption.&#160;&#160; </font><font style="font-family:Arial; font-size:10pt">In the event of a redemption, AMERCO will cause noti</font><font style="font-family:Arial; font-size:10pt">ces of redemption to be emailed, to the email address associated with your account, </font><font style="font-family:Arial; font-size:10pt">at least 10 but not more than 30 days before th</font><font style="font-family:Arial; font-size:10pt">e redemption date to each applicable registered holder of notes.</font><font style="font-family:Arial; font-size:10pt">&#160; However, AMERCO is under no obligation to redeem the notes in whole or in part, under any circumstances.&#160; Accordingly, investors must be prepared to </font><font style="font-family:Arial; font-size:10pt">hold the notes until </font><font style="font-family:Arial; font-size:10pt">the maturity date.</font></p>
            <p style="margin:0pt 0pt 12pt; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Security Interest and Initial Collateral</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The obligations of AMERCO with respect to the notes are initially secured by </font><font style="font-family:Arial; font-size:10pt">a</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">f</font><font style="font-family:Arial; font-size:10pt">irst-</font><font style="font-family:Arial; font-size:10pt">p</font><font style="font-family:Arial; font-size:10pt">riority </font><font style="font-family:Arial; font-size:10pt">l</font><font style="font-family:Arial; font-size:10pt">ien</font><font style="font-family:Arial; font-size:10pt"> o</font><font style="font-family:Arial; font-size:10pt">n </font><font style="font-family:Arial; font-size:10pt">the </font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">Initial Collateral.&#160; </font><font style="font-family:Arial; font-size:10pt">The </font><font style="font-family:Arial; font-size:10pt">Initial </font><font style="font-family:Arial; font-size:10pt">Collateral </font><font style="font-family:Arial; font-size:10pt">is being</font><font style="font-family:Arial; font-size:10pt"> pledged</font><font style="font-family:Arial; font-size:10pt"> by the Owner</font><font style="font-family:Arial; font-size:10pt"> to the trustee</font><font style="font-family:Arial; font-size:10pt"> (or the trustee&#8217;s a</font><font style="font-family:Arial; font-size:10pt">gent, nominee or nominee mortgagee or titleholder) for the benefit of the holders, </font><font style="font-family:Arial; font-size:10pt">pursuant to the </font><font style="font-family:Arial; font-size:10pt">financing documents</font><font style="font-family:Arial; font-size:10pt">.&#160; </font></p>
            <p style="margin:0pt 0pt 12pt; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Substitution of Collateral</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO has the right, in its sole discretion, to substitute or to cause one or more affiliates or third par</font><font style="font-family:Arial; font-size:10pt">ties to substitute any assets (the &#8220;Replacement Collateral&#8221;) for all or part of the Collateral that from time to time secures the notes, including the Initial Collateral and any Replacement Collateral (the &#8220;Collateral&#8221;), provided that the value of the Repl</font><font style="font-family:Arial; font-size:10pt">acement Collateral is at least 100% of the value of the Collateral that is released at the time of substitution (the &#8220;Released Collateral&#8221;) and provided further that the owner of such Replacement Collateral promptly enters a separate pledge and security ag</font><font style="font-family:Arial; font-size:10pt">reement, substantially in the form of the pledge agreement, and executes such other documents and instruments as may be necessary or appropriate to grant to the trustee, for the benefit of the holders, a first-priority lien on such Replacement Collateral. </font><font style="font-family:Arial; font-size:10pt"> In connection with any substitution of Collateral, the value of the Replacement Collateral and the Released Collateral is determinable by AMERCO in its sole discretion, and no appraisal will be prepared by us or on our behalf in this regard.&#160; AMERCO is pe</font><font style="font-family:Arial; font-size:10pt">rmitted to make an unlimited number Collateral substitutions.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO may make a substitution of Collateral by delivering a written certificate to the trustee executed by an officer of AMERCO which contains (i) a description of the Replacement Collateral, </font><font style="font-family:Arial; font-size:10pt">(ii) a statement that such Replacement Collateral has been pledged by the owner thereof to the trustee, for the benefit of the holders, pursuant to the financing documents, (iii) a description of the Released Collateral and (iv) a certification by AMERCO t</font><font style="font-family:Arial; font-size:10pt">hat the value of the Replacement Collateral is at least 100% of the value of the Released Collateral.&#160; Upon the trustee&#8217;s receipt of such notice, the Replacement Collateral will be deemed &#8220;Collateral&#8221;, and the Released Collateral will be released from the </font><font style="font-family:Arial; font-size:10pt">first-priority lien thereon and will no longer be subject to the terms of the financing documents.&#160; The trustee shall have no duty to evaluate the determination made in such certificate and shall be allowed to conclusively rely on such certificate from AME</font><font style="font-family:Arial; font-size:10pt">RCO.&#160; </font></p>
            <p style="margin:12pt 0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Perfection of Security I</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">nterest in the Collateral</font></p>
            <p style="margin:12pt 0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The financing documents require AMERCO to file, or cause the filing of, such documents and instruments, in all appropriate jurisdictions and recording offices, as are necessary or appropriate to perfect and protect the trustee&#8217;s first-priority lien on the </font><font style="font-family:Arial; font-size:10pt">Collateral.&#160; </font><a name="EDGAR_PAGE_END35"></a></p>
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            <p style="margin:0pt 0pt 12pt; widows:0; orphans:0"><a name="EDGAR_PAGE_START36"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Use and Release of Collateral</font></p>
            <p style="margin:12pt 0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Unless an Event of Default has occurred and is continuing, and the trustee shall have commenced an enforcement of remedies under the financing documents, AMERCO and its subsidiaries, including U-Haul, have the ri</font><font style="font-family:Arial; font-size:10pt">ght to:</font></p>
            <p style="margin:12pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">remain in possession and retain exclusive control of the Collateral;</font></p>
            <p style="margin:12pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">freely operate the Collateral, including, without limitation, by integrating the Collateral into the U-Haul system and using it or renting it to customers, as the case may be, in </font><font style="font-family:Arial; font-size:10pt">the ordinary course of business; and</font></p>
            <p style="margin:12pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">collect, invest and dispose of any income thereon, which income will not constitute part of the Collateral.</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Release of Collateral</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">.</font><font style="font-family:Arial; font-size:10pt; font-style:italic">&#160; </font><font style="font-family:Arial; font-size:10pt">The </font><font style="font-family:Arial; font-size:10pt">financing documents</font><font style="font-family:Arial; font-size:10pt"> provide that the </font><font style="font-family:Arial; font-size:10pt">f</font><font style="font-family:Arial; font-size:10pt">irst-</font><font style="font-family:Arial; font-size:10pt">p</font><font style="font-family:Arial; font-size:10pt">riority </font><font style="font-family:Arial; font-size:10pt">l</font><font style="font-family:Arial; font-size:10pt">ien </font><font style="font-family:Arial; font-size:10pt">on the Collateral with respect to the notes or any sub-series or other portion thereof </font><font style="font-family:Arial; font-size:10pt">will automatically be released</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">whether in full or incrementally,</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">as the case may be, </font><font style="font-family:Arial; font-size:10pt">upon (1) satisfaction of all of AMERCO&#8217;s obligations with respect to the </font><font style="font-family:Arial; font-size:10pt">applicable</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">notes</font><font style="font-family:Arial; font-size:10pt">, sub-series of the notes or other portion thereof, whether due to a scheduled repayment in full or a redemption;</font><font style="font-family:Arial; font-size:10pt"> or (2) discharge, legal defeasance or covenant defeasance of AMERCO&#8217;s obligations with respect to the </font><font style="font-family:Arial; font-size:10pt">applicable notes or sub-series or </font><font style="font-family:Arial; font-size:10pt">other portion thereof, </font><font style="font-family:Arial; font-size:10pt">as described below under &#8220;Discharge, Defeasance and Covenant Defeasance&#8221;.</font></p>
            <p style="margin:0pt 0pt 12pt; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Further </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">A</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">ssurances; </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">A</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">fter </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">A</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">cquired </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">C</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">ollateral</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">financing documents provide that AMERCO </font><font style="font-family:Arial; font-size:10pt">shall, at</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> </font><font style="font-family:Arial; font-size:10pt">its </font><font style="font-family:Arial; font-size:10pt">expense, duly execute and deliver, or cause to be duly </font><font style="font-family:Arial; font-size:10pt">executed and delivered, such further agreements, documents and instruments, and do or cause to be</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> </font><font style="font-family:Arial; font-size:10pt">done such further acts as may be necessary or proper, or which the </font><font style="font-family:Arial; font-size:10pt">trustee</font><font style="font-family:Arial; font-size:10pt"> may reasonably request, to evidence, perfect, maintain and enforce the</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> </font><font style="font-family:Arial; font-size:10pt">first-priori</font><font style="font-family:Arial; font-size:10pt">ty l</font><font style="font-family:Arial; font-size:10pt">ien </font><font style="font-family:Arial; font-size:10pt">on the Collateral </font><font style="font-family:Arial; font-size:10pt">and </font><font style="font-family:Arial; font-size:10pt">the </font><font style="font-family:Arial; font-size:10pt">benefits intended to be conferred </font><font style="font-family:Arial; font-size:10pt">thereby</font><font style="font-family:Arial; font-size:10pt">, and to</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> </font><font style="font-family:Arial; font-size:10pt">otherwise effectuate the provisions or purposes of, the </font><font style="font-family:Arial; font-size:10pt">financing documents</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Upon the acquis</font><font style="font-family:Arial; font-size:10pt">ition by the Company after the i</font><font style="font-family:Arial; font-size:10pt">ssue </font><font style="font-family:Arial; font-size:10pt">d</font><font style="font-family:Arial; font-size:10pt">ate of (1) any after-acquired assets, </font><font style="font-family:Arial; font-size:10pt">including, but not</font><font style="font-family:Arial; font-size:10pt"> limited to, any after-acquired </font><font style="font-family:Arial; font-size:10pt">equipment or fixtures which constitute accretions, additions or technological upgrades to the equip</font><font style="font-family:Arial; font-size:10pt">ment or fixtures or any working </font><font style="font-family:Arial; font-size:10pt">capital assets that, in any such case, form part of the Collateral, or (2) </font><font style="font-family:Arial; font-size:10pt">any </font><font style="font-family:Arial; font-size:10pt">proceeds</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">(as defined in the </font><font style="font-family:Arial; font-size:10pt">UCC of any relevant jurisdiction</font><font style="font-family:Arial; font-size:10pt">)</font><font style="font-family:Arial; font-size:10pt"> from a sale or other disposition of the Collateral</font><font style="font-family:Arial; font-size:10pt">, AMERCO </font><font style="font-family:Arial; font-size:10pt">shall</font><font style="font-family:Arial; font-size:10pt"> execute and deliver, to the extent required, </font><font style="font-family:Arial; font-size:10pt">any information, documentation, financing statements or other certificates as ma</font><font style="font-family:Arial; font-size:10pt">y be necessary to vest in the </font><font style="font-family:Arial; font-size:10pt">trustee </font><font style="font-family:Arial; font-size:10pt">a perfected security interest, subject only to Permitted Liens, in such after-acquired property and t</font><font style="font-family:Arial; font-size:10pt">o have such </font><font style="font-family:Arial; font-size:10pt">after-acquired property added to the Collateral, and thereupon all provisions of the </font><font style="font-family:Arial; font-size:10pt">financing documents </font><font style="font-family:Arial; font-size:10pt">relating to the Collateral shall be deemed to relate to such after-acquired property </font><font style="font-family:Arial; font-size:10pt">to the same extent and with the </font><font style="font-family:Arial; font-size:10pt">same force and effect.</font></p>
            <p style="margin:5pt 0pt 0pt; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Change of Control</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">, Merger, Consolidation or Sale of Assets</font></p>
            <p style="margin:0pt; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The holders of the notes do not have the right to requir</font><font style="font-family:Arial; font-size:10pt">e AMERCO to repurchase the notes in connection with a change of control of the Company, a merger of the Company, a consolidation of the Company or the sale of all or substantially all of the assets of the Company or its subsidiaries, to or with any Person.</font></p>
            <p style="margin:0pt; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Covenants</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The covenants with respect to the notes consist of the following:&#160; </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><a name="EDGAR_PAGE_END36"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">30</font><a name="EDGAR_HF_F_END_12"></a></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><a name="EDGAR_PAGE_START37"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Maintenance of </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">first-priority lien on the Collateral.</font><font style="font-family:Arial; font-size:10pt; font-style:italic">&#160; </font><font style="font-family:Arial; font-size:10pt">So</font><font style="font-family:Arial; font-size:10pt"> long as any of the note</font><font style="font-family:Arial; font-size:10pt">s are outstanding, AMERCO and Owner are required to maintain, subject to Permitted Liens, and </font><font style="font-family:Arial; font-size:10pt">may not take any action to negate, the first-priority lien on the Collateral or the benefits intended to be conferred thereby.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-style:italic">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Prohibition of additional liens </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">o</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">n the Collateral</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">.</font><font style="font-family:Arial; font-size:10pt; font-style:italic">&#160; </font><font style="font-family:Arial; font-size:10pt">Neither AMERCO nor </font><font style="font-family:Arial; font-size:10pt">Owner </font><font style="font-family:Arial; font-size:10pt">is permitted to incur any Lien of any nature whatso</font><font style="font-family:Arial; font-size:10pt">ever on the Collateral, other than the </font><font style="font-family:Arial; font-size:10pt">f</font><font style="font-family:Arial; font-size:10pt">irst-</font><font style="font-family:Arial; font-size:10pt">p</font><font style="font-family:Arial; font-size:10pt">riority </font><font style="font-family:Arial; font-size:10pt">l</font><font style="font-family:Arial; font-size:10pt">ien </font><font style="font-family:Arial; font-size:10pt">pursuant to the financing documents </font><font style="font-family:Arial; font-size:10pt">and Permitted Liens.</font><font style="font-family:TimesNewRomanPSMT-Identity-H; font-size:10pt"> </font></p>
            <p style="margin:0pt 0pt 0pt 18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-style:italic">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Events of Default, Waiver and Notice</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-style:normal">The events of default with respect to the notes</font><font style="font-family:Arial; font-size:10pt; font-style:normal"> (each, an &#8220;Event of Default&#8221;)</font><font style="font-family:Arial; font-size:10pt; font-style:normal">, </font><font style="font-family:Arial; font-size:10pt; font-style:normal">consist of the </font><font style="font-family:Arial; font-size:10pt; font-style:normal">following</font><font style="font-family:Arial; font-size:10pt; font-style:normal">:</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Nonpayment</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">.</font><font style="font-family:Arial; font-size:10pt">&#160; </font><font style="font-family:Arial; font-size:10pt">The default in the crediting of principal or interest when due to a holder&#8217;s U-Haul Investors Club account, and the continuance of such default for a period of 30 days</font><font style="font-family:Arial; font-size:10pt">. </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Failure to maintain first-priority lien on the Collateral</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">.</font><font style="font-family:Arial; font-size:10pt">&#160; F</font><font style="font-family:Arial; font-size:10pt">ailure by the Company or </font><font style="font-family:Arial; font-size:10pt">Owner</font><font style="font-family:Arial; font-size:10pt"> to maintain the first-priority Lien on the Collateral, subject to Permitted Liens, continued for 90 days after written notice thereof </font><font style="font-family:Arial; font-size:10pt">to the Company </font><font style="font-family:Arial; font-size:10pt">from the </font><font style="font-family:Arial; font-size:10pt">t</font><font style="font-family:Arial; font-size:10pt">rustee</font><font style="font-family:Arial; font-size:10pt"> or to the Company and the trustee from the holders of at le</font><font style="font-family:Arial; font-size:10pt">ast 51% in principal amount of the outstanding notes, specifying such default or breach and requiring it to be remedied and stating that such notice is a &#8220;notice of default&#8221; pursuant to the financing documents.&#160; </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Incurrence of additional Liens on the Coll</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">ateral</font><font style="font-family:Arial; font-size:10pt">.&#160; </font><font style="font-family:Arial; font-size:10pt"> The incurrence by the Company, </font><font style="font-family:Arial; font-size:10pt">Owner</font><font style="font-family:Arial; font-size:10pt"> or any of their respective </font><font style="font-family:Arial; font-size:10pt">a</font><font style="font-family:Arial; font-size:10pt">ffiliates of any additional Lien on the Collateral, other than Permitted Liens and the&#160; Lien</font><font style="font-family:Arial; font-size:10pt"> pursuant to the financing documents</font><font style="font-family:Arial; font-size:10pt">, continued for 90 days after written notice thereof </font><font style="font-family:Arial; font-size:10pt">to the Company </font><font style="font-family:Arial; font-size:10pt">from the </font><font style="font-family:Arial; font-size:10pt">t</font><font style="font-family:Arial; font-size:10pt">rustee</font><font style="font-family:Arial; font-size:10pt"> or to the Company and the trustee from the holders of at least 51% in principal amount of the outstanding notes, specifying such default or breach and requiring it to be remedied and stating that such notice is a &#8220;notice of </font><font style="font-family:Arial; font-size:10pt">default&#8221; pursuant to the financing documents.&#160; </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">If an </font><font style="font-family:Arial; font-size:10pt">E</font><font style="font-family:Arial; font-size:10pt">vent of </font><font style="font-family:Arial; font-size:10pt">D</font><font style="font-family:Arial; font-size:10pt">efault under the indenture </font><font style="font-family:Arial; font-size:10pt">supplement or pledge agreement </font><font style="font-family:Arial; font-size:10pt">occurs and is continuing, then the trustee</font><font style="font-family:Arial; font-size:10pt">, on behalf of the holders, if it has notice or actual knowledge of such Event of Default, </font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">has</font><font style="font-family:Arial; font-size:10pt"> the right to declare the principal amount of the notes outstanding to be due and payable imme</font><font style="font-family:Arial; font-size:10pt">diately by written notice to AMERCO and to the servicer</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">&#160; A default or Event of Default under the notes does not cause, and is not caused by, a default or eve</font><font style="font-family:Arial; font-size:10pt">nt of default under any other notes issued pursuant to the U-Haul Investors Club.&#160; </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Waiver</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:normal">.</font><font style="font-family:Arial; font-size:10pt; font-style:normal">&#160; The indenture </font><font style="font-family:Arial; font-size:10pt; font-style:normal">provide</font><font style="font-family:Arial; font-size:10pt; font-style:normal"> that the holders of not less than 51% in principal amount of the outstanding notes may waive any past </font><font style="font-family:Arial; font-size:10pt; font-style:normal">D</font><font style="font-family:Arial; font-size:10pt; font-style:normal">efault with respect to the notes and its consequences, except a </font><font style="font-family:Arial; font-size:10pt; font-style:normal">D</font><font style="font-family:Arial; font-size:10pt; font-style:normal">efault in the </font><font style="font-family:Arial; font-size:10pt; font-style:normal">crediting </font><font style="font-family:Arial; font-size:10pt; font-style:normal">of </font><font style="font-family:Arial; font-size:10pt; font-style:normal">the principal and interest due on the notes.&#160; </font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Notice</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:normal">.</font><font style="font-family:Arial; font-size:10pt; font-style:normal">&#160; The trustee </font><font style="font-family:Arial; font-size:10pt; font-style:normal">is</font><font style="font-family:Arial; font-size:10pt; font-style:normal"> required</font><font style="font-family:Arial; font-size:10pt; font-style:normal">, but only to the extent the trustee has notice or knowledge of such Default, </font><font style="font-family:Arial; font-size:10pt; font-style:normal">to giv</font><font style="font-family:Arial; font-size:10pt; font-style:normal">e notice to the holders of the notes within 90 days of a </font><font style="font-family:Arial; font-size:10pt; font-style:normal">D</font><font style="font-family:Arial; font-size:10pt; font-style:normal">efault</font><font style="font-family:Arial; font-size:10pt; font-style:normal">,</font><font style="font-family:Arial; font-size:10pt; font-style:normal"> unless the </font><font style="font-family:Arial; font-size:10pt; font-style:normal">D</font><font style="font-family:Arial; font-size:10pt; font-style:normal">efault has been cured or waived; but the trustee may withhold notice of any </font><font style="font-family:Arial; font-size:10pt; font-style:normal">D</font><font style="font-family:Arial; font-size:10pt; font-style:normal">efault, except a </font><font style="font-family:Arial; font-size:10pt; font-style:normal">D</font><font style="font-family:Arial; font-size:10pt; font-style:normal">efault in the </font><font style="font-family:Arial; font-size:10pt; font-style:normal">crediting</font><font style="font-family:Arial; font-size:10pt; font-style:normal"> of the principal of, or premium, if any, or interest on the</font><font style="font-family:Arial; font-size:10pt; font-style:normal"> notes, if specified responsible officers of the trustee consider the withholding to be in the interest of the holders.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-style:normal">The holders of the notes may not institute any proceedings, judicial or otherwise, with respect to the indenture or for any remedy unde</font><font style="font-family:Arial; font-size:10pt; font-style:normal">r the indenture, except in the case of failure of the trustee, for 60 days, to act after the trustee has received a written request to institute proceedings in respect of an </font><font style="font-family:Arial; font-size:10pt; font-style:normal">E</font><font style="font-family:Arial; font-size:10pt; font-style:normal">vent of </font><font style="font-family:Arial; font-size:10pt; font-style:normal">D</font><font style="font-family:Arial; font-size:10pt; font-style:normal">efault from the holders of not less than </font><font style="font-family:Arial; font-size:10pt; font-style:normal">51</font><font style="font-family:Arial; font-size:10pt; font-style:normal">% in principal amount of the </font><font style="font-family:Arial; font-size:10pt; font-style:normal">outstanding notes, as well as an offer of indemnity satisfactory to the trustee, and provided that no direction inconsistent with such written request has been given to the trustee during such 60-day period by the holders of a majority of the outstanding n</font><font style="font-family:Arial; font-size:10pt; font-style:normal">otes. However, </font><font style="font-family:Arial; font-size:10pt; font-style:normal">no holder of notes is </font><font style="font-family:Arial; font-size:10pt; font-style:normal">prohibited from instituting suit for the enforcement of </font><font style="font-family:Arial; font-size:10pt; font-style:normal">payment </font><font style="font-family:Arial; font-size:10pt; font-style:normal">of the principal of and interest on the notes </font><font style="font-family:Arial; font-size:10pt; font-style:normal">when due.</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><a name="EDGAR_PAGE_START38"></a><font style="font-family:Arial; font-size:10pt; font-style:normal">The trustee </font><font style="font-family:Arial; font-size:10pt; font-style:normal">is not</font><font style="font-family:Arial; font-size:10pt; font-style:normal"> under any obligation to exercise any of its rights or powers under the </font><font style="font-family:Arial; font-size:10pt; font-style:normal">financin</font><font style="font-family:Arial; font-size:10pt; font-style:normal">g documents</font><font style="font-family:Arial; font-size:10pt; font-style:normal"> at the request or direction of any holders of the notes outstanding under the indenture, unless the holders offer to the trustee security or indemnity</font><font style="font-family:Arial; font-size:10pt; font-style:normal"> that is</font><font style="font-family:Arial; font-size:10pt; font-style:normal"> satisfactory</font><font style="font-family:Arial; font-size:10pt; font-style:normal"> to it</font><font style="font-family:Arial; font-size:10pt; font-style:normal">. </font><font style="font-family:Arial; font-size:10pt; font-style:normal"> </font><font style="font-family:Arial; font-size:10pt; font-style:normal">Subject to such provisions for the indemnification of the truste</font><font style="font-family:Arial; font-size:10pt; font-style:normal">e, the holders of not less than a majority in principal amount of the outstanding notes have the right to direct the time, method and place of conducting any proceeding for any remedy available to the trustee, </font><font style="font-family:Arial; font-size:10pt; font-style:normal">and to exercise</font><font style="font-family:Arial; font-size:10pt; font-style:normal"> any trust or power conferred u</font><font style="font-family:Arial; font-size:10pt; font-style:normal">pon the trustee. </font><font style="font-family:Arial; font-size:10pt; font-style:normal">However, the trustee may refuse </font><font style="font-family:Arial; font-size:10pt; font-style:normal">to follow any direction that is in conflict with any law or the indenture that may involve the trustee in personal liability or may be unduly prejudicial to the holders of the notes not joining in the direct</font><font style="font-family:Arial; font-size:10pt; font-style:normal">ion.</font></p>
            <p style="margin:12pt 0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Modifications</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Modification</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:normal"> </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">of the i</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">ndenture</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:normal">.</font><font style="font-family:Arial; font-size:10pt; font-style:normal">&#160; </font><font style="font-family:Arial; font-size:10pt; font-style:normal">With the consent of the holders of not less than 51% of the principal amount of all outstanding notes, AMERCO may enter into supplemental indentures with the trustee for the purpose of adding any </font><font style="font-family:Arial; font-size:10pt; font-style:normal">provisions to or changing in any manner or eliminating any of the provisions of the indenture or modifying in any manner the rights of the holders of the notes.&#160; However, no modification or amendment may, without the consent of each holder of notes:</font></p>
            <p style="margin:0pt 0pt 12pt 59.75pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">extend</font><font style="font-family:Arial; font-size:10pt"> the time of </font><font style="font-family:Arial; font-size:10pt">crediting of principal and interest on the notes;</font></p>
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            <p style="margin:0pt 0pt 12pt 59.75pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">reduce</font><font style="font-family:Arial; font-size:10pt"> the percentage of outstanding notes necessary to modify or amend the indenture, to waive compliance with specific provisions of or certain defaults and consequences under the indenture, or to reduce the quorum or voting requirements set forth in the inden</font><font style="font-family:Arial; font-size:10pt">ture</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:35.3pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO </font><font style="font-family:Arial; font-size:10pt">and the trustee may modify and amend the indenture without the consent of any holder of notes for any of the following purposes:</font></p>
            <p style="margin:0pt 0pt 12pt 59.75pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">to evidence the su</font><font style="font-family:Arial; font-size:10pt">ccession of another P</font><font style="font-family:Arial; font-size:10pt">erson to </font><font style="font-family:Arial; font-size:10pt">AMERCO</font><font style="font-family:Arial; font-size:10pt"> as obligor under the indenture;</font></p>
            <p style="margin:0pt 0pt 12pt 59.75pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">to add to </font><font style="font-family:Arial; font-size:10pt">other</font><font style="font-family:Arial; font-size:10pt"> covenants f</font><font style="font-family:Arial; font-size:10pt">or the benefit of the holders of the notes or to surrender any right or power conferred upon </font><font style="font-family:Arial; font-size:10pt">AMERCO, Owner, or their respective affiliates, as provided </font><font style="font-family:Arial; font-size:10pt">in the </font><font style="font-family:Arial; font-size:10pt">financing documents; </font></p>
            <p style="margin:0pt 0pt 12pt 59.75pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">to add </font><font style="font-family:Arial; font-size:10pt">e</font><font style="font-family:Arial; font-size:10pt">vents of </font><font style="font-family:Arial; font-size:10pt">d</font><font style="font-family:Arial; font-size:10pt">efault for the benefit of the holders of the notes;</font></p>
            <p style="margin:0pt 0pt 12pt 59.75pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">to ad</font><font style="font-family:Arial; font-size:10pt">d or change any provisions of the indenture to facilitate the issuance of, or to liberalize specific terms of, debt securities in bearer form, or to permit or facilitate the issuance of debt securities in uncertificated form, provided that the action will </font><font style="font-family:Arial; font-size:10pt">not adversely affect the interests of the holders of the notes in any material respect;</font></p>
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            <p style="margin:0pt 0pt 12pt 59.75pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">to establish the form or terms of debt securities of any series and any related coupons;</font></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">32</font><a name="EDGAR_HF_F_END_12"></a></p>
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            <p style="margin:0pt 0pt 12pt 59.75pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><a name="EDGAR_PAGE_START39"></a><font style="font-family:Arial; font-size:10pt">to cure any ambiguity or correct any inconsistency in the indenture provided that the cure or correction does not adversely affect the holders of </font><font style="font-family:Arial; font-size:10pt">the notes;</font></p>
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            <p style="margin:0pt 0pt 12pt 59.75pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">to conform any provision in the indenture to the requirements of the Trust Indenture Act; or</font></p>
            <p style="margin:0pt 0pt 12pt 59.75pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">to make any chang</font><font style="font-family:Arial; font-size:10pt">e that does not adversely affect the legal rights under the indenture of any holder of notes.</font></p>
            <p style="margin:12pt 0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In determining whether the holders of the requisite principal amount of outstanding notes have given any request, demand, authorization, direction, notice, consen</font><font style="font-family:Arial; font-size:10pt">t or waiver under the indenture or whether a quorum is present at a </font><font style="font-family:Arial; font-size:10pt">meeting of holders of the notes, </font><font style="font-family:Arial; font-size:10pt">the principal amount </font><font style="font-family:Arial; font-size:10pt">of the notes </font><font style="font-family:Arial; font-size:10pt">that is deemed to be outstanding will be the amount of the principal that would be due and payable as of the date of the </font><font style="font-family:Arial; font-size:10pt">determination upon declaration of acceleration of the maturity of </font><font style="font-family:Arial; font-size:10pt">the notes.</font></p>
            <p style="margin:12pt 0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">T</font><font style="font-family:Arial; font-size:10pt">he Trustee shall be entitled to receive, and</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">shall be fully protected in relying upon, an officers&#8217; certificate and an opinion of counsel to the effect that the execution of </font><font style="font-family:Arial; font-size:10pt">any </font><font style="font-family:Arial; font-size:10pt">such amendment or modification is authorized or permitted pursuant to the financing documents and has been duly authorized, executed and delivered by, and is a valid, binding and enforceable obligation of, the Company, subject to customary exceptions</font><a name="_DV_C395"><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> </font><font style="font-family:Arial; font-size:10pt">and </font><font style="font-family:Arial; font-size:10pt">that all conditions precedent</font><font style="font-family:Arial; font-size:10pt"> under the financing documents</font><font style="font-family:Arial; font-size:10pt">, if any, have been satisfied.&#160;&#160; </font></a></p>
            <p style="margin:0pt 0pt 12pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Discharge, Defeasance and Covenant Defeasance</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Discharge</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:normal">.</font><font style="font-family:Arial; font-size:10pt; font-style:normal">&#160; </font><font style="font-family:Arial; font-size:10pt; font-style:normal">AMERCO </font><font style="font-family:Arial; font-size:10pt; font-style:normal">can discharge specific obligations to holders of the notes </font><font style="font-family:Arial; font-size:10pt; font-style:normal">or any sub-series thereof </font><font style="font-family:Arial; font-size:10pt; font-style:normal">(1) that</font><font style="font-family:Arial; font-size:10pt; font-style:normal"> have not already been delivered to the trustee for cancellation and (2) that either have become due and payable or will, within one year, become due and payable, by irrevocably depositing with the trustee, in trust, money or funds certified to</font><font style="font-family:Arial; font-size:10pt; font-style:normal"> be sufficie</font><font style="font-family:Arial; font-size:10pt; font-style:normal">nt to pay when due the principal of</font><font style="font-family:Arial; font-size:10pt; font-style:normal"> and interest on the notes.</font></p>
            <p style="margin:0pt 0pt 0pt 21.6pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:'Times New Roman'; font-size:12pt; font-style:normal">&#xa0;</font></p>
            <p style="margin:0pt 0pt 0pt 18pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Defeasance and </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">c</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">ovenant </font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">d</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">efeasance</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:normal">.</font><font style="font-family:Arial; font-size:10pt; font-style:normal">&#160; </font><font style="font-family:Arial; font-size:10pt; font-style:normal">AMERCO </font><font style="font-family:Arial; font-size:10pt; font-style:normal">may elect either:</font></p>
            <p style="margin:12pt 0pt 12pt 60pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">defeasance, which means </font><font style="font-family:Arial; font-size:10pt">AMERCO</font><font style="font-family:Arial; font-size:10pt"> elect</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt"> to defease and be discharged from any and all obligations with respect to </font><font style="font-family:Arial; font-size:10pt">any sub-series of </font><font style="font-family:Arial; font-size:10pt">the notes, to replace temporary or mutilated, destroyed, lost or stolen debt securities, to maintain an office or agency in respect of the notes and to hold moneys for payment in trust; or</font></p>
            <p style="margin:12pt 0pt 12pt 60pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">covenant defeasance, which means </font><font style="font-family:Arial; font-size:10pt">AMERCO elects</font><font style="font-family:Arial; font-size:10pt"> to be released from </font><font style="font-family:Arial; font-size:10pt">its</font><font style="font-family:Arial; font-size:10pt"> obligations with respect to </font><font style="font-family:Arial; font-size:10pt">any sub-series of </font><font style="font-family:Arial; font-size:10pt">the notes under specified sections of the indenture relating to covenants, and any omission to comply with its obligations will not constitute an </font><font style="font-family:Arial; font-size:10pt">E</font><font style="font-family:Arial; font-size:10pt">vent of </font><font style="font-family:Arial; font-size:10pt">D</font><font style="font-family:Arial; font-size:10pt">efault with respect to </font><font style="font-family:Arial; font-size:10pt">such sub-series of </font><font style="font-family:Arial; font-size:10pt">the note</font><font style="font-family:Arial; font-size:10pt">s; </font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">in either case upon the irrevocable deposit by </font><font style="font-family:Arial; font-size:10pt">AMERCO </font><font style="font-family:Arial; font-size:10pt">with the trustee, in trust, of an amount, in currency or currencies or government obligations, or both, sufficient without reinvestment to make scheduled payments of the principal of and interest on</font><font style="font-family:Arial; font-size:10pt"> the </font><font style="font-family:Arial; font-size:10pt">applicable sub-series of the </font><font style="font-family:Arial; font-size:10pt">notes, when due, whether at maturity or otherwise.</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">A trust </font><font style="font-family:Arial; font-size:10pt">is only</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">permitted to be </font><font style="font-family:Arial; font-size:10pt">established if, among other things:</font><a name="EDGAR_PAGE_END39"></a></p>
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            <p style="margin:0pt 0pt 12pt 59.75pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><a name="EDGAR_PAGE_START40"></a><font style="font-family:Arial; font-size:10pt">AMERCO </font><font style="font-family:Arial; font-size:10pt">h</font><font style="font-family:Arial; font-size:10pt">as</font><font style="font-family:Arial; font-size:10pt"> delivered to the trustee an opinion of counsel, as specified in the indenture, to the effe</font><font style="font-family:Arial; font-size:10pt">ct that the holders of the </font><font style="font-family:Arial; font-size:10pt">applicable sub-series of the </font><font style="font-family:Arial; font-size:10pt">notes will not recognize income, gain or loss for federal income tax purposes as a result of the defeasance or covenant defeasance and will be subject to federal income tax on the same amounts, in the</font><font style="font-family:Arial; font-size:10pt"> same manner and at the same times as would have been the case if the defeasance or covenant defeasance had not occurred, and the opinion of counsel, in the case of defeasance, will be required to refer to and be based upon a ruling of the Internal Revenue</font><font style="font-family:Arial; font-size:10pt"> Service or a change in applicable U.S. federal income tax law occurring after the date of the indenture;</font></p>
            <p style="margin:0pt 0pt 12pt 59.75pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">no </font><font style="font-family:Arial; font-size:10pt">E</font><font style="font-family:Arial; font-size:10pt">vent of </font><font style="font-family:Arial; font-size:10pt">D</font><font style="font-family:Arial; font-size:10pt">efault or </font><font style="font-family:Arial; font-size:10pt">D</font><font style="font-family:Arial; font-size:10pt">efault has occurred;</font></p>
            <p style="margin:0pt 0pt 12pt 59.75pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">the defeasance or covenant defeasance will not result in a breach or violation of, or constitute a </font><font style="font-family:Arial; font-size:10pt">D</font><font style="font-family:Arial; font-size:10pt">efaul</font><font style="font-family:Arial; font-size:10pt">t under, the indenture or any other material agreement or instrument to which </font><font style="font-family:Arial; font-size:10pt">AMERCO is</font><font style="font-family:Arial; font-size:10pt"> a party or by which </font><font style="font-family:Arial; font-size:10pt">AMERCO is</font><font style="font-family:Arial; font-size:10pt"> bound; and</font></p>
            <p style="margin:0pt 0pt 12pt 59.75pt; text-indent:-18pt; text-align:justify"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">AMERCO has</font><font style="font-family:Arial; font-size:10pt"> delivered to the trustee an officers&#8217; certificate and an opinion of counsel, each stating that all conditions preced</font><font style="font-family:Arial; font-size:10pt">ent to the defeasance or covenant defeasance have been complied with. </font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In general, if </font><font style="font-family:Arial; font-size:10pt">AMERCO</font><font style="font-family:Arial; font-size:10pt"> elect</font><font style="font-family:Arial; font-size:10pt">s</font><font style="font-family:Arial; font-size:10pt"> covenant defeasance with respect to </font><font style="font-family:Arial; font-size:10pt">a sub-series of </font><font style="font-family:Arial; font-size:10pt">the notes and payments on </font><font style="font-family:Arial; font-size:10pt">such sub-series of </font><font style="font-family:Arial; font-size:10pt">the notes are declared due and payable because of the occur</font><font style="font-family:Arial; font-size:10pt">rence of an </font><font style="font-family:Arial; font-size:10pt">E</font><font style="font-family:Arial; font-size:10pt">vent of </font><font style="font-family:Arial; font-size:10pt">D</font><font style="font-family:Arial; font-size:10pt">efault, the amount of money and/or government obligations on deposit with the applicable trustee would be sufficient to pay amounts due on </font><font style="font-family:Arial; font-size:10pt">such </font><font style="font-family:Arial; font-size:10pt">notes at the time of their stated maturity, but may not be sufficient to pay amounts due o</font><font style="font-family:Arial; font-size:10pt">n </font><font style="font-family:Arial; font-size:10pt">such</font><font style="font-family:Arial; font-size:10pt"> notes at the time of the acceleration resulting from the </font><font style="font-family:Arial; font-size:10pt">E</font><font style="font-family:Arial; font-size:10pt">vent of </font><font style="font-family:Arial; font-size:10pt">D</font><font style="font-family:Arial; font-size:10pt">efault. In that case, </font><font style="font-family:Arial; font-size:10pt">AMERCO</font><font style="font-family:Arial; font-size:10pt"> would remain liable to make</font><font style="font-family:Arial; font-size:10pt"> payment of the amounts due on such </font><font style="font-family:Arial; font-size:10pt">notes at the time of acceleration.</font></p>
            <p style="margin:0pt 0pt 12pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Trustee</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">U.S. Bank National Association is the trustee under the indenture, and is a party under the other financing documents; </font><font style="font-family:Arial; font-size:10pt; font-style:italic">provided, however</font><font style="font-family:Arial; font-size:10pt">, the trustee has the right to appoint an agent or nominee to be named as mortgagee or nominee titleholder for the benef</font><font style="font-family:Arial; font-size:10pt">it of the noteholders under the financing documents.&#160;&#160; </font></p>
            <p style="margin:0pt 0pt 12pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Servicer</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">AMERCO&#8217;s</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">subsidiary</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">U-Haul International, Inc., </font><font style="font-family:Arial; font-size:10pt">or its designee, is the</font><font style="font-family:Arial; font-size:10pt"> servicing agent with respect to the notes</font><font style="font-family:Arial; font-size:10pt"> (the &#8220;servicer&#8221;).&#160; </font><font style="font-family:Arial; font-size:10pt">In this capacity, </font><font style="font-family:Arial; font-size:10pt">among other</font><font style="font-family:Arial; font-size:10pt"> duties, </font><font style="font-family:Arial; font-size:10pt">the servicer is res</font><font style="font-family:Arial; font-size:10pt">ponsible for crediting principal and interest </font><font style="font-family:Arial; font-size:10pt">to the U-Haul </font><font style="font-family:Arial; font-size:10pt">Investors Club</font><font style="font-family:Arial; font-size:10pt"> accounts </font><font style="font-family:Arial; font-size:10pt">of </font><font style="font-family:Arial; font-size:10pt">each </font><font style="font-family:Arial; font-size:10pt">holder</font><font style="font-family:Arial; font-size:10pt">, perform</font><font style="font-family:Arial; font-size:10pt">ing</font><font style="font-family:Arial; font-size:10pt"> recordkeeping and registrar services</font><font style="font-family:Arial; font-size:10pt">, perfecting and maintaining the first-priority lien on the Collateral in favor of the trustee for the benefi</font><font style="font-family:Arial; font-size:10pt">t of the holders subject to Permitted Liens,</font><font style="font-family:Arial; font-size:10pt"> and </font><font style="font-family:Arial; font-size:10pt">electronically receiving</font><font style="font-family:Arial; font-size:10pt"> and deliver</font><font style="font-family:Arial; font-size:10pt">ing</font><font style="font-family:Arial; font-size:10pt"> all documents, statements</font><font style="font-family:Arial; font-size:10pt">, tax documents </font><font style="font-family:Arial; font-size:10pt">and communications related to the offering, the notes and the U-Haul </font><font style="font-family:Arial; font-size:10pt">Investors Club</font><font style="font-family:Arial; font-size:10pt">.&#160;&#160; </font></p>
            <p style="margin:0pt 0pt 12pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">No Personal Liability of Directors, </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">Officers, Employees or Stockholders</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">No director, officer, employee or stockholder of AMERCO or any of its subsidiaries will have any liability for any obligations of AMERCO or any of its subsidiaries under the notes or any of the financing documents or for</font><font style="font-family:Arial; font-size:10pt"> any claim based on, in respect of, or by reason of such obligations or their creation.&#160; Each holder of the notes, by accepting a note, waives and releases all such liability.&#160; The waiver and release are part of the consideration for issuance of the notes.</font><font style="font-family:Arial; font-size:10pt">&#160; Such waiver and release may not be effective to waive liabilities under the U.S. Federal securities laws, and it is the view of the SEC that such a waiver is against public policy.</font><a name="EDGAR_PAGE_END40"></a></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">34</font><a name="EDGAR_HF_F_END_12"></a></p>
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            <p style="margin:0pt 0pt 12pt"><a name="EDGAR_PAGE_START41"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">Arbitration</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The financing documents provide that in the event that we, on</font><font style="font-family:Arial; font-size:10pt"> the one hand, and one or more of the holders, or the trustee on behalf of one or more of the holders, on the other hand, are unable to resolve any dispute, claim or controversy between them related to the financing documents or the U-Haul Investors Club, </font><font style="font-family:Arial; font-size:10pt">as applicable, such parties agree to submit such dispute to binding arbitration.&#160; However, such arbitration requirement shall not apply in cases where the dispute is between (i) the trustee and us (other than with respect to when the trustee is acting on b</font><font style="font-family:Arial; font-size:10pt">ehalf of one or more of the holders), (ii) the trustee and one or more of the holders, or (iii) the trustee and any third party.</font></p>
            <p style="margin:0pt 0pt 12pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Governing Law</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The indenture and the notes are governed </font><font style="font-family:Arial; font-size:10pt">by, and construed in accordance with, the internal laws of the State of </font><font style="font-family:Arial; font-size:10pt">New York</font><font style="font-family:Arial; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 12pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Form of Notes</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO is issuing the notes in uncertificated book-entry form only.&#160; AMERCO is not issuing physical certificates for the notes.</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The laws of some states in the United States may require that certain Persons take physical delivery in </font><font style="font-family:Arial; font-size:10pt">definitive, certificated form.&#160; AMERCO reserves the right to issue certificated notes only if AMERCO determines not to have the notes held solely in book-entry form.</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">AMERCO, the servicer and the trustee will treat holders of notes in whose names the notes </font><font style="font-family:Arial; font-size:10pt">are registered as of the record date as the owners thereof for purposes of receiving credits of principal and interest due on the notes and for any and all other purposes whatsoever with respect to the notes.</font></p>
            <p style="margin:0pt 0pt 12pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Restrictions on Transfer</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">The notes are not bein</font><font style="font-family:Arial; font-size:10pt">g listed on any securities exchange.&#160; </font><font style="font-family:Arial; font-size:10pt">The notes are not transferable except between members of the U-Haul Investors Club through privately negotiated transactions</font><font style="font-family:Arial; font-size:10pt"> as to which neither AMERCO, the servicer, the trustee, nor any of their respective affiliates will have any involvement.&#160; </font><font style="font-family:Arial; font-size:10pt">In addition, the notes will not be listed on any securities exchange, and there is no anticipated public market for the notes.&#160; </font><font style="font-family:Arial; font-size:10pt">In ad</font><font style="font-family:Arial; font-size:10pt">dition, it is unlikely that a secondary&#160; &#8220;over-the-counter&#8221; market for the notes will develop between bond dealers or bond trading desks at investment houses.&#160; Therefore, investors must be prepared </font><font style="font-family:Arial; font-size:10pt">to hold </font><font style="font-family:Arial; font-size:10pt">their n</font><font style="font-family:Arial; font-size:10pt">otes</font><font style="font-family:Arial; font-size:10pt"> until</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">the maturity date.</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">No Sinking F</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">und</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt"><font style="font-family:Arial; font-size:10pt">The notes are fully amortizing and will not have the benefit of a sinking fund.</font></p>
            <p style="margin:0pt 0pt 12pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Certain Definition</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">s</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;</font><font style="font-family:Arial; font-size:10pt">B</font><font style="font-family:Arial; font-size:10pt">usiness day&#8221; means any day other than a Saturday, Sunday or other day on which banks are authorized or required by law to be closed in </font><font style="font-family:Arial; font-size:10pt">New York City, </font><font style="font-family:Arial; font-size:10pt">New York, Chicago, Illinois</font><font style="font-family:Arial; font-size:10pt"> or Phoenix, Arizona.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;Collateral&#8221; has the meaning set forth in &#8220;Description of Notes &#8211; Substitution of Collateral&#8221;.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;</font><font style="font-family:Arial; font-size:10pt">Default</font><font style="font-family:Arial; font-size:10pt">&#8221;</font><font style="font-family:Arial; font-size:10pt"> means any event which is, or after notice or passage of time or both would be, an Event of Default. </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;Event of Default&#8221; has the meaning set forth in &#8220;Description of Notes &#8211; Events of Default, Waiver and Notice&#8221;.</font><a name="EDGAR_PAGE_END41"></a></p>
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            <p style="margin:0pt 0pt 0pt 18pt; text-align:justify"><a name="EDGAR_PAGE_START42"></a><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;Financing documents&#8221;</font><font style="font-family:Arial; font-size:10pt"> means the </font><font style="font-family:Arial; font-size:10pt">base indenture, the indenture supplement</font><font style="font-family:Arial; font-size:10pt"> and </font><font style="font-family:Arial; font-size:10pt">the pledge and security agreement, </font><font style="font-family:Arial; font-size:10pt">any other instruments and </font><font style="font-family:Arial; font-size:10pt">documents executed and delivered pursuant to the</font><font style="font-family:Arial; font-size:10pt"> foregoing documents </font><font style="font-family:Arial; font-size:10pt">as the same may be amended, supplemented or otherwise modified from time to time and pursuant to which</font><font style="font-family:Arial; font-size:10pt">, among other things, the Collateral is </font><font style="font-family:Arial; font-size:10pt">pledged, assigned or granted to or on behalf </font><font style="font-family:Arial; font-size:10pt">of the </font><font style="font-family:Arial; font-size:10pt">trustee</font><font style="font-family:Arial; font-size:10pt"> for the benefit of the </font><font style="font-family:Arial; font-size:10pt">holders</font><font style="font-family:Arial; font-size:10pt">. </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;Initial Collateral&#8221; has the meaning set forth in &#8220;The Offering&#8221; summary table.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;Issue date&#8221; means </font><font style="font-family:Arial; font-size:10pt">five business days following our receipt and acceptance of investor subscriptions with respect to any sub-s</font><font style="font-family:Arial; font-size:10pt">eries of the notes in the aggregate principal amount of up to $20,000 for such sub-series, </font><font style="font-family:Arial; font-size:10pt">or at such other time as AMERCO determines in its sole discretion.&#160; Interest on issued notes shall commence to accrue on the issue date.&#160; </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;H</font><font style="font-family:Arial; font-size:10pt">older</font><font style="font-family:Arial; font-size:10pt">&#8221;</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">or &#8220;noteholder&#8221; </font><font style="font-family:Arial; font-size:10pt">means the Person in whose name a </font><font style="font-family:Arial; font-size:10pt">note is registered on the books of servicer, who shall serve as the registrar and paying agent with regard to the notes.</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;</font><font style="font-family:Arial; font-size:10pt">Lien</font><font style="font-family:Arial; font-size:10pt">&#8221;</font><font style="font-family:Arial; font-size:10pt"> means</font><font style="font-family:Arial; font-size:10pt"> any</font><font style="font-family:Arial; font-size:10pt"> mortgage</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> deed of trust, </font><font style="font-family:Arial; font-size:10pt">deed to secure debt, </font><font style="font-family:Arial; font-size:10pt">pledge, hypothecation, a</font><font style="font-family:Arial; font-size:10pt">ssignment, dep</font><font style="font-family:Arial; font-size:10pt">osit arrangement, </font><font style="font-family:Arial; font-size:10pt">security interest, lien, charge, easement, encumbrance, preference, priority or other security agreement or preferential ar</font><font style="font-family:Arial; font-size:10pt">rangement of any kind or nature </font><font style="font-family:Arial; font-size:10pt">whatsoever on or with resp</font><font style="font-family:Arial; font-size:10pt">ect to such property or assets</font><font style="font-family:Arial; font-size:10pt">, conditional sale or other</font><font style="font-family:Arial; font-size:10pt"> t</font><font style="font-family:Arial; font-size:10pt">itle retention agreement having </font><font style="font-family:Arial; font-size:10pt">substantially the same economic </font><font style="font-family:Arial; font-size:10pt">effect as any of the foregoing</font><font style="font-family:Arial; font-size:10pt">; </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">provided</font><font style="font-family:Arial; font-size:10pt"> that in no event shall an operating lease be deemed to constitute a Lien.</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;n</font><font style="font-family:Arial; font-size:10pt">otes</font><font style="font-family:Arial; font-size:10pt">&#8221;</font><font style="font-family:Arial; font-size:10pt"> means the debt securities of the Company issued pursuant to the </font><font style="font-family:Arial; font-size:10pt">i</font><font style="font-family:Arial; font-size:10pt">ndenture</font><font style="font-family:Arial; font-size:10pt"> and the indenture supplement</font><font style="font-family:Arial; font-size:10pt"> in an aggregate principal amount </font><font style="font-family:Arial; font-size:10pt">of up to $10,290,000, to be issued in sub-series, as provided herein.</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;O</font><font style="font-family:Arial; font-size:10pt">bligations</font><font style="font-family:Arial; font-size:10pt">&#8221;</font><font style="font-family:Arial; font-size:10pt"> means, with respect to any </font><font style="font-family:Arial; font-size:10pt">i</font><font style="font-family:Arial; font-size:10pt">ndebtedness</font><font style="font-family:Arial; font-size:10pt"> under the notes</font><font style="font-family:Arial; font-size:10pt">, all obligations for principal, premium, int</font><font style="font-family:Arial; font-size:10pt">erest (including any inte</font><font style="font-family:Arial; font-size:10pt">rest accruing subsequent to the </font><font style="font-family:Arial; font-size:10pt">filing of a petition in bankruptcy, reorganization or similar proceeding at the rate provided for in the documentation with respe</font><font style="font-family:Arial; font-size:10pt">ct thereto, whether or not such </font><font style="font-family:Arial; font-size:10pt">interest is an allowed claim under app</font><font style="font-family:Arial; font-size:10pt">licable state, federal or foreign law), penalties, fees, indemnifications, reimbursements (inc</font><font style="font-family:Arial; font-size:10pt">luding in respect of letters of </font><font style="font-family:Arial; font-size:10pt">credit), and other amounts payable pursuant to th</font><font style="font-family:Arial; font-size:10pt">e documentation governing such i</font><font style="font-family:Arial; font-size:10pt">ndebtedness. </font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;Owner&#8221; means </font><font style="font-family:Arial; font-size:10pt">U-Haul Leasing &amp; Sal</font><font style="font-family:Arial; font-size:10pt">es Co., with respect to t</font><font style="font-family:Arial; font-size:10pt">he </font><font style="font-family:Arial; font-size:10pt">Furniture Dollies and Tow Dollies;&#160; U-Haul Co. of Florida and U-Haul Co. of Idaho, with respect to the AV 1990-2004 Units; and U-Haul Co. of Florida with respect to the</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">RV 1993-2001 Units.&#160;&#160; </font><font style="font-family:Arial; font-size:10pt">&#160; </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;</font><font style="font-family:Arial; font-size:10pt">Permitted Liens</font><font style="font-family:Arial; font-size:10pt">&#8221;</font><font style="font-family:Arial; font-size:10pt"> mea</font><font style="font-family:Arial; font-size:10pt">ns </font><font style="font-family:Arial; font-size:10pt">Liens in</font><font style="font-family:Arial; font-size:10pt"> favor of carriers, warehousemen, mechanics, suppliers, repairmen, materialmen and landlords and</font><font style="font-family:Arial; font-size:10pt"> other similar Liens imposed by </font><font style="font-family:Arial; font-size:10pt">law, in each case for sums not overdue or being contested in good faith by appropriate proceedings or other Liens arising out of</font><font style="font-family:Arial; font-size:10pt"> judgments or awar</font><font style="font-family:Arial; font-size:10pt">ds </font><font style="font-family:Arial; font-size:10pt">against </font><font style="font-family:Arial; font-size:10pt">the Company. </font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;</font><font style="font-family:Arial; font-size:10pt">Person</font><font style="font-family:Arial; font-size:10pt">&#8221;</font><font style="font-family:Arial; font-size:10pt"> means any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, </font><font style="font-family:Arial; font-size:10pt">trust, unincorporated </font><font style="font-family:Arial; font-size:10pt">organization, government or any agency or political subdivision thereof or any other entity. </font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;Principal&#8221; of a n</font><font style="font-family:Arial; font-size:10pt">o</font><font style="font-family:Arial; font-size:10pt">te means the principal of such n</font><font style="font-family:Arial; font-size:10pt">ote, plus the p</font><font style="font-family:Arial; font-size:10pt">remium, if any, payable on the n</font><font style="font-family:Arial; font-size:10pt">ote which is due or overdue or is to beco</font><font style="font-family:Arial; font-size:10pt">me due at the </font><font style="font-family:Arial; font-size:10pt">relevant</font><font style="font-family:Arial; font-size:10pt"> time. </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;Record date&#8221; means the </font><font style="font-family:Arial; font-size:10pt">first day of the month preceding the related due date for the crediting of principal and interest on the notes.</font><font style="font-family:Arial; font-size:10pt"> </font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;Replacement Collateral&#8221; has the meaning set forth in &#8220;Description of Notes &#8211; Substitution of Collateral&#8221;.</font><a name="EDGAR_PAGE_END42"></a></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">36</font><a name="EDGAR_HF_F_END_12"></a></p>
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            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><a name="EDGAR_PAGE_START43"></a><font style="font-family:Arial; font-size:10pt">&#8220;Re</font><font style="font-family:Arial; font-size:10pt">leased Collateral&#8221; has the meaning set forth in &#8220;Description of Notes &#8211; Substitution of Collateral&#8221;.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;</font><font style="font-family:Arial; font-size:10pt">SEC</font><font style="font-family:Arial; font-size:10pt">&#8221;</font><font style="font-family:Arial; font-size:10pt"> means the U.S. Securities and Exchange Commission. </font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;Trust Indenture Act&#8221; means</font><font style="font-family:Arial; font-size:10pt"> the Trust Indenture Act of 1939, as amen</font><font style="font-family:Arial; font-size:10pt">ded.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;t</font><font style="font-family:Arial; font-size:10pt">rustee</font><font style="font-family:Arial; font-size:10pt">&#8221;</font><font style="font-family:Arial; font-size:10pt"> means </font><font style="font-family:Arial; font-size:10pt">U.S. B</font><font style="font-family:Arial; font-size:10pt">ank</font><font style="font-family:Arial; font-size:10pt"> National Association until a successor replaces it and, thereafter, means the successor.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#8220;UCC&#8221; means the Uniform Commercial Code as in effect from time to time in the applicable jurisdiction.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">U-HAUL INVESTOR</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">S</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> CLUB</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#8482; </font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Overview</font></p>
            <p style="margin:0pt; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">The offering of the notes is structured as a subscription offering.&#160; This means AMERCO is offering you the opportunity to subscribe to purchase notes, which AMERCO may accept or reject.&#160; </font><font style="font-family:Arial; font-size:10pt">In order to subscribe to purchase notes, you must become a member of </font><font style="font-family:Arial; font-size:10pt">the U-Haul Investors Club and follow the instructions available on our website at </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline; color:#0000ff">uhaul</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline; color:#0000ff">investorsclub</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline; color:#0000ff">.com</font><font style="font-family:Arial; font-size:10pt">.&#160;&#160; As notes are offered, prospective investors </font><font style="font-family:Arial; font-size:10pt">shall have the opportunity to select the sub-series of </font><font style="font-family:Arial; font-size:10pt">notes for which such prospective investor is subscribing.&#160;&#160; </font></p>
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            <p style="margin:0pt; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Membership Application</font></p>
            <p style="margin:0pt; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">In order to become a member of the U-Haul Investors Club (a &#8220;member&#8221;) you must first submit a membership application online.&#160; A member of the U-Haul Investors Club must:</font></p>
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            <p style="margin:0pt 0pt 0pt 54pt; text-indent:-18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">with respect to natural persons, be of at least 18 years of age and be a </font><font style="font-family:Arial; font-size:10pt">U.S.</font><font style="font-family:Arial; font-size:10pt"> resident with a valid social security number;</font></p>
            <p style="margin:0pt 0pt 0pt 36pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 0pt 54pt; text-indent:-18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">with respect to entities, be a corporation, partnership, limited partnership, trust, limited liability company or any other entity</font><font style="font-family:Arial; font-size:10pt">, organized under the laws of a United States jurisdiction and have a valid tax identification number or social security number;</font></p>
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            <p style="margin:0pt 0pt 0pt 54pt; text-indent:-18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">have an email account and a U.S. bank account</font><font style="font-family:Arial; font-size:10pt">;</font></p>
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            <p style="margin:0pt 0pt 0pt 54pt; text-indent:-18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">link such member&#8217;s U.S. bank account to such member&#8217;s U-Haul Investors Club </font><font style="font-family:Arial; font-size:10pt">account;</font></p>
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            <p style="margin:0pt 0pt 0pt 54pt; text-indent:-18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">be comfortable using the Internet and investing in a self-directed manner; and</font></p>
            <p style="margin:0pt 0pt 0pt 36pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 0pt 54pt; text-indent:-18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">agree to other specified terms and conditions of membership in the U-Haul Investors Club, including electronic receipt and delivery of all </font><font style="font-family:Arial; font-size:10pt">documents, statements and c</font><font style="font-family:Arial; font-size:10pt">ommunications related to the offering, the notes and the U-Haul Investors Club online</font><font style="font-family:Arial; font-size:10pt">, as well as the obligation to arbitrate resolution of any and all disputes that arise, and a waiver of class action claims.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">If your membership application is accepted, A</font><font style="font-family:Arial; font-size:10pt">MERCO will notify you by email and a password-protected U-Haul Investors Club account will be created.</font></p>
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            <p style="margin:0pt; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Subscription Agreement</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> and Process</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">Once you are a member of the U-Haul Investors Club, in order to subscribe to purchase notes you must submit a subscr</font><font style="font-family:Arial; font-size:10pt">iption offer online.&#160; In the subscription offer, you will designate the maximum</font><a name="EDGAR_PAGE_END43"></a></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">37</font><a name="EDGAR_HF_F_END_12"></a></p>
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            <p style="margin:0pt; ; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt"> </font><a name="EDGAR_PAGE_START44"></a><font style="font-family:Arial; font-size:10pt">principal amount of notes, and the applicable sub-series, that you are willing to purchase.&#160; The minimum amount of notes that you can subscribe to purchase is $100, and you may</font><font style="font-family:Arial; font-size:10pt"> only subscribe to purchase a principal amount of notes in an integral multiple of $100 (e.g., $100, $200, $300, etc.).&#160; Unless otherwise determined by AMERCO, there is no maximum amount of notes that you can subscribe to purchase.&#160; </font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">AMERCO reserves the r</font><font style="font-family:Arial; font-size:10pt">ight to accept or reject your subscription to purchase notes, in whole or in part, and in its sole discretion, for any reason.</font></p>
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            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Revocability of Subscription to Purchase Notes </font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">Your subscription to purchase notes in any sub-series is revocable until AMERCO</font><font style="font-family:Arial; font-size:10pt"> closes the offering.&#160; Upon the closing of the offering, your subscription to purchase notes for such sub-series shall be irrevocable.&#160; The anticipated offering closing date for each sub-series of the notes is or will be identified on the </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">uhaulinvestorsclu</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">b.com</font><font style="font-family:Arial; font-size:10pt"> website; however, such date is subject to change at AMERCO&#8217;s sole discretion.&#160; To the extent AMERCO changes the anticipated closing date, the </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">uhaulinvestorsclub.com</font><font style="font-family:Arial; font-size:10pt"> website will be updated to reflect such changed date.&#160; It is recommended that prospec</font><font style="font-family:Arial; font-size:10pt">tive investors periodically check the </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">uhaulinvestorsclub.com</font><font style="font-family:Arial; font-size:10pt"> website for any changes in the anticipated closing date.&#160;&#160; </font></p>
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            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Issuance of Notes</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">Notes will be issued within five business day following our receipt and acceptance of investor subscriptions with r</font><font style="font-family:Arial; font-size:10pt">espect to any sub-series of the notes in the aggregate principal amount of up to $20,000 for such sub-series, </font><font style="font-family:Arial; font-size:10pt">or at such other time as AMERCO determines in its sole discretion.&#160; Interest shall on issued notes commence to accrue on the issue date. </font><font style="font-family:Arial; font-size:10pt"> Such not</font><font style="font-family:Arial; font-size:10pt">e issuance will be in uncertificated book-entry format only.&#160; Servicer will register the notes in the names of these members on servicer&#8217;s books and records.&#160; </font></p>
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            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">U-Haul Investors Club Member Accounts</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">In order to subscribe to purchase notes, a member must h</font><font style="font-family:Arial; font-size:10pt">ave sufficient funds in its U-Haul Investors Club account.&#160; In order to fund its U-Haul Investors Club account, such account must be linked to such member&#8217;s outside U.S. bank account and funds must be transferred from the linked bank account to the U-Haul </font><font style="font-family:Arial; font-size:10pt">Investors Club account, using the Automated Clearing House, or ACH, network. Funds are considered available in the member&#8217;s U-Haul Investors Club account a minimum of three business days after such member initiates the ACH transfer.&#160; U-Haul Investors Club </font><font style="font-family:Arial; font-size:10pt">accounts are record-keeping subaccounts of a bank account maintained by servicer (referred to herein as the &#8220;investment account&#8221;) with a third party financial institution, and reflect balances and transactions with respect to each member of the U-Haul Inve</font><font style="font-family:Arial; font-size:10pt">stors Club. The servicer administers the investment account and maintains the sub-accounts for each member of the U-Haul Investors Club.&#160; These record-keeping sub-accounts, which we refer to as &#8220;U-Haul Investors Club accounts&#8221;, are purely administrative.&#160; </font><font style="font-family:Arial; font-size:10pt">U-Haul Investors Club members have no direct relationship with the financial institution at which the investment account is maintained, or any successor thereto, by virtue of becoming a member of and participating in the U-Haul Investors Club.&#160; Funds in th</font><font style="font-family:Arial; font-size:10pt">e investment account will always be maintained by the servicer at an FDIC member financial institution.&#160; </font></p>
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            <p style="margin:0pt; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">How to Remove </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">Funds from Y</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">our </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">U-Haul Investors Club Account</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">Uninvested funds in each member&#8217;s U-Haul Investors Club account may remain in the </font><font style="font-family:Arial; font-size:10pt">respective U-Haul Investors Club accounts indefinitely and do not earn interest, and may include funds never committed by the member to the purchase of notes.&#160; Upon request by the member through the U-Haul Investors Club website, AMERCO will transfer, or w</font><font style="font-family:Arial; font-size:10pt">ill cause the servicer to transfer, U-Haul Investors Club account funds to the member&#8217;s linked U.S. bank account by ACH transfer, provided such funds are not already committed to the purchase of notes.&#160; It may take up to five business days for funds to tra</font><font style="font-family:Arial; font-size:10pt">nsfer from a member&#8217;s U-Haul Investors Club account to such member&#8217;s linked U.S. bank account.&#160; However</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">in order to ensure that sufficient funds are available in a member&#8217;s U-Haul Investors Club account, with</font><font style="font-family:Arial; font-size:10pt"> respect to funds </font><font style="font-family:Arial; font-size:10pt">ACH </font><font style="font-family:Arial; font-size:10pt">transferred into the memb</font><font style="font-family:Arial; font-size:10pt">er&#8217;s U-Haul Investors Club account from its linked bank</font><a name="EDGAR_PAGE_END44"></a></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">38</font><a name="EDGAR_HF_F_END_12"></a></p>
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            <p style="margin:0pt; ; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt"> </font><a name="EDGAR_PAGE_START45"></a><font style="font-family:Arial; font-size:10pt">account, there will be a thirty (30) day hold before such funds are eligible for </font><font style="font-family:Arial; font-size:10pt">ACH transfer</font><font style="font-family:Arial; font-size:10pt"> to such member&#8217;s</font><font style="font-family:Arial; font-size:10pt"> linked</font><font style="font-family:Arial; font-size:10pt"> bank account.&#160; </font></p>
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            <p style="margin:0pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Principal and Interest; Servicing of the Notes</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">Each</font><font style="font-family:Arial; font-size:10pt"> holder will </font><font style="font-family:Arial; font-size:10pt">have the principal and interest due on the notes credited to such holder&#8217;s U-Haul Investors Club account.&#160; The notes are being exclusively serviced by the servicer, which means, among other things, that the servicer is responsible for performing recordkeep</font><font style="font-family:Arial; font-size:10pt">ing and registrar services with respect to the notes, and electronically receiving and delivering all </font><font style="font-family:Arial; font-size:10pt">documents, statements and communications related to the offering, the</font><font style="font-family:Arial; font-size:10pt"> notes and the U-Haul Investors Club.&#160; Each member is permitted one free ACH transfer initiation per week (Sunday through Saturday) from such member&#8217;s U-Haul Investors Club account to such member&#8217;s linked U.S. bank account.&#160; Additional transfers may be sub</font><font style="font-family:Arial; font-size:10pt">ject to a $1.00 per transaction charge.&#160; The trustee has no duty, responsibility or liability with respect to the transfer, registration or payments on the notes.&#160; </font></p>
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            <p style="margin:0pt; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Transfer of Notes</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The notes will not be listed on any securities exchange, and there is </font><font style="font-family:Arial; font-size:10pt">no public market for the notes.&#160; Therefore, you must be prepared to hold your notes until the maturity date.&#160; The notes are not transferable except between members of the U-Haul Investors Club through privately negotiated transactions, as to which neither </font><font style="font-family:Arial; font-size:10pt">AMERCO, the servicer, the trustee, nor any of their respective affiliates will have any involvement.&#160; In the event you sell or transfer your note, you must notify servicer, and there will be assessed to the transferor </font><font style="font-family:Arial; font-size:10pt">a $25.00 per transaction registrar tra</font><font style="font-family:Arial; font-size:10pt">nsfer fee</font><font style="font-family:Arial; font-size:10pt">. Such registrar transfer fee will be automatically deducted from the note transferor&#8217;s U-Haul Investors Club account.&#160;&#160; There can be no assurance that a holder desiring to sell its notes will be able to find a buyer in any privately negotiated tr</font><font style="font-family:Arial; font-size:10pt">ansaction, or that even if such a buyer is located by a holder, that such buyer would be willing to pay a price equal to the outstanding principal balance due on such note.</font></p>
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            <p style="margin:0pt; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">U-Haul Investors Club </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">Fees</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">There are no fees to join the U-Haul Investors Club or</font><font style="font-family:Arial; font-size:10pt"> to maintain a membership, and there are no commissions on the purchases of notes. In addition to the $25.00 registrar transfer fee noted above, n</font><font style="font-family:Arial; font-size:10pt">on-routine requests made in connection with your notes may lead to additional fees, subject to your prior appr</font><font style="font-family:Arial; font-size:10pt">oval.&#160; Such fees will be automatically deducted from the funds in your U-Haul Investors Club account.</font></p>
            <p style="margin:0pt; widows:0; orphans:0; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; widows:0; orphans:0; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Electronic Communication</font></p>
            <p style="margin:0pt; widows:0; orphans:0; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; widows:0; orphans:0; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">By participating in the offering, members of the U-Haul Investors Club agree to receive and submit all documents, statements, r</font><font style="font-family:Arial; font-size:10pt">ecords and notices, and tax documents including IRS Form 1099s, electronically through the U-Haul Investors Club website and their U-Haul Investors Club accounts.&#160; Each member is responsible for keeping its U-Haul Investors Club account contact information</font><font style="font-family:Arial; font-size:10pt"> up-to-date with the servicer.&#160; </font><font style="font-family:Arial; font-size:10pt">The </font><font style="font-family:Arial; font-size:10pt">n</font><font style="font-family:Arial; font-size:10pt">ote</font><font style="font-family:Arial; font-size:10pt">s are</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">maintained</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">in book-entry form, with AMERCO</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">&#160; </font></p>
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            <p style="margin:12pt 0pt 3pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES</font></p>
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            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The following discussion </font><font style="font-family:Arial; font-size:10pt">summarizes the material </font><font style="font-family:Arial; font-size:10pt">U.S. federal income tax consequences of the purchase, ownership and</font><font style="font-family:Arial; font-size:10pt"> disposition of the notes.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">This summary is based on the Internal Revenue Code of 1986, as amended, which we refer to as the </font><font style="font-family:Arial; font-size:10pt">&#8220;Code</font><font style="font-family:Arial; font-size:10pt">&#8221;</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> regulations issued under the Code, judicial authority and administrative rulings and practice, all as of the date hereof </font><font style="font-family:Arial; font-size:10pt">and all of which are subject to differing interpretations or change. Any such change may be applied retroactively and may adversely affect the U.S. federal tax consequences described in this prospectus supplement. This summary addresses only tax consequenc</font><font style="font-family:Arial; font-size:10pt">es to investors that purchase the notes at initia</font><font style="font-family:Arial; font-size:10pt">l issuance for the &#8220;issue price</font><font style="font-family:Arial; font-size:10pt">&#8221;</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">and own the notes as &#8220;capital assets&#8221; within the meaning</font><a name="EDGAR_PAGE_END45"></a></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">39</font><a name="EDGAR_HF_F_END_12"></a></p>
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            <p style="margin:0pt; ; text-align:justify"><font style="font-family:Arial; font-size:10pt"> </font><a name="EDGAR_PAGE_START46"></a><font style="font-family:Arial; font-size:10pt">of the Code and not as part of a &#8220;straddle&#8221; or a &#8220;conversion transaction&#8221; for U.S. federal income tax purposes, or as</font><font style="font-family:Arial; font-size:10pt"> part of some other integrated investment.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">This summary does not discuss all of the tax consequences that may be relevant to particular investors or to investors subject to special treatment under the U.S. federal income tax laws (such as insurance compan</font><font style="font-family:Arial; font-size:10pt">ies, banks, financial institutions, tax-exempt organizations, retirement plans, regulated investment companies, holders subject to the alternative minimum tax, partnerships or other pass-through entities (or investors in such entities), securities dealers,</font><font style="font-family:Arial; font-size:10pt"> expatriates or United States persons whose functional currency for tax purposes is not the U.S. dollar). We have not and do not intend to seek a ruling from the Intern</font><font style="font-family:Arial; font-size:10pt">al Revenue Service, or the &#8220;IRS</font><font style="font-family:Arial; font-size:10pt">&#8221;</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> with respect to any matters discussed in this section,</font><font style="font-family:Arial; font-size:10pt"> and we cannot assure you that the IRS will not challenge one or more of the tax consequences described below.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">If any entity treated as a partnership for U.S. federal income tax purposes holds notes, the tax treatment of a partner in the partnership will </font><font style="font-family:Arial; font-size:10pt">generally depend upon the status of the partner and the activities of the partnership. A partner of a partnership holding notes should consult its tax advisers with respect to the tax treatment of holding notes through the partnership.</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Persons considering</font><font style="font-family:Arial; font-size:10pt"> the purchase of the notes should consult their tax advisers concerning the application of the U.S. federal income, estate and gift tax laws to their particular situations as well as any tax consequences of the purchase, ownership and disposition of the no</font><font style="font-family:Arial; font-size:10pt">tes arising under the laws of any state, local, foreign or other taxing jurisdiction.</font></p>
            <p style="margin:0pt 0pt 12pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">U.S. Holders</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">Only U.S. Holders are permitted to beneficially own the notes.&#160; For purposes of </font><font style="font-family:Arial; font-size:10pt">this</font><font style="font-family:Arial; font-size:10pt"> discussion, a &#8220;U.S. Holder&#8221; means, for U.S. federal income tax purposes,</font><font style="font-family:Arial; font-size:10pt"> a beneficial owner of a note that is:</font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">an individual who is a citizen or resident of the United States;</font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">a corporation, or other entity taxable as a corporation for U.S. federal income tax purposes, or a partnership, limited liability company, trust, </font><font style="font-family:Arial; font-size:10pt">custodial account and other entities created or organized in or under the laws of the United States or any state or political subdivision thereof or therein (including the District of Columbia);</font></p>
            <p style="margin:0pt 0pt 0pt 36pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">an estate whose income is subject to U.S. federal income ta</font><font style="font-family:Arial; font-size:10pt">xation regardless of its source; or</font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 12pt 54pt; text-indent:-18pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:10pt">a trust if a court within the United States is able to exercise primary supervision over its administration and one or more United States persons have the authority to control all of its substantial decisions, or that was a domestic trust for U.S. federal </font><font style="font-family:Arial; font-size:10pt">income tax purposes on August</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">19, 1996, and has elected to continue to be treated as a domestic trust.</font></p>
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            <p style="margin:0pt; ; text-align:justify"><a name="EDGAR_PAGE_START47"></a><font style="font-family:Arial; font-size:10pt">Therefore, the remainder of this discussion assumes that the notes are purchased, owned and disposed of only by U.S. Holders.</font></p>
            <p style="margin:6pt 0pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Treatment of U-Haul Invest</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">ors Club Membership</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The U-Haul Investors Club should not be treated as an unincorporated organization carrying on a business, financial operation, or venture and should not be classified as a partnership for U.S. federal income tax purposes.&#160; Each investor</font><font style="font-family:Arial; font-size:10pt"> purchasing notes is required to complete a note subscription offer and provide a linked U.S. bank account to pay for the notes, with each investor purchasing notes making an investment decision separate from other investors&#8217; purchases of notes.</font></p>
            <p style="margin:0pt 0pt 6pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Treatment </font><font style="font-family:Arial; font-size:10pt; font-weight:bold">of Interest</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Stated interest on the notes will be taxable to a U.S. Holder as ordinary income as the interest accrues or is paid in accordance with the U.S. Holder&#8217;s method of tax accounting.</font></p>
            <p style="margin:0pt 0pt 12pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Treatment of Dispositions of Notes</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Upon the sale, exchange, retirement, redemption or other taxable disposition of a note, a U.S. Holder generally will recognize gain or loss equal to the difference between the amount received on such disposition (other than amounts attributable to accrued </font><font style="font-family:Arial; font-size:10pt">and unpaid interest, which will be treated as ordinary interest income if not previously included in income) and the U.S. Holder&#8217;s tax basis in the note. A U.S. Holder&#8217;s tax basis in a note will </font><font style="font-family:Arial; font-size:10pt">initially </font><font style="font-family:Arial; font-size:10pt">be, in general, the cost of the note to the U.S. Ho</font><font style="font-family:Arial; font-size:10pt">lder. Gain or loss realized on the sale, exchange, retirement or redemption of a note generally will be capital gain or loss, and will be long-term capital gain or loss if, at the time of such sale, exchange, retirement or redemption the note has been held</font><font style="font-family:Arial; font-size:10pt"> for more than one year. </font><font style="font-family:Arial; font-size:10pt">Certain</font><font style="font-family:Arial; font-size:10pt"> preferential tax rates may apply to gain recognized as long-term capital gain. A U.S. Holder&#8217;s ability to deduct capital losses is subject to limitations.</font><br /><br /><font style="font-family:Arial; font-size:10pt; font-weight:bold">Information Reporting Requirements and Backup Withholding</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">When requ</font><font style="font-family:Arial; font-size:10pt">ired, </font><font style="font-family:Arial; font-size:10pt">the servicer </font><font style="font-family:Arial; font-size:10pt">will report to the </font><font style="font-family:Arial; font-size:10pt">U.S. H</font><font style="font-family:Arial; font-size:10pt">olders of the notes and the IRS amounts of interest paid on or with respect to the notes and the amount of any tax withheld from such payments. Certain non-corporate </font><font style="font-family:Arial; font-size:10pt">U.S. H</font><font style="font-family:Arial; font-size:10pt">olders may be subject to backup withhold</font><font style="font-family:Arial; font-size:10pt">ing (currently at a rate of 28%) if the </font><font style="font-family:Arial; font-size:10pt">U.S. H</font><font style="font-family:Arial; font-size:10pt">older:</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">fails to furnish its </font><font style="font-family:Arial; font-size:10pt">t</font><font style="font-family:Arial; font-size:10pt">axpayer </font><font style="font-family:Arial; font-size:10pt">i</font><font style="font-family:Arial; font-size:10pt">dentification </font><font style="font-family:Arial; font-size:10pt">n</font><font style="font-family:Arial; font-size:10pt">umber, or TIN, in the required manner;</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">furnishes an incorrect TIN;</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">is subject to backup withholding because </font><font style="font-family:Arial; font-size:10pt">the U.S. Holder </font><font style="font-family:Arial; font-size:10pt">has failed to properly report pay</font><font style="font-family:Arial; font-size:10pt">ments of interest and dividends; or</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">fails to establish an exemption from backup withholding.</font><font style="font-family:Arial; font-size:10pt">&#160; </font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Backup withholding is not an additional tax and may be refunded or credited against the </font><font style="font-family:Arial; font-size:10pt">U.S. H</font><font style="font-family:Arial; font-size:10pt">older&#8217;s U.S. federal income tax liability, provided that </font><font style="font-family:Arial; font-size:10pt">certain r</font><font style="font-family:Arial; font-size:10pt">e</font><font style="font-family:Arial; font-size:10pt">quired information is timely furnished to the IRS.</font></p>
            <p style="margin:0pt 0pt 12pt"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Circular 230 </font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">TO ENSURE COMPLIANCE WITH U.S. TREASURY DEPARTMENT CIRCULAR 230, YOU ARE HEREBY NOTIFIED THAT: (A) </font><font style="font-family:Arial; font-size:10pt">THE FOREGOING </font><font style="font-family:Arial; font-size:10pt">DISCUSSION OF </font><font style="font-family:Arial; font-size:10pt">MATERIAL </font><font style="font-family:Arial; font-size:10pt">U.S. FEDERAL INCOME TAX </font><font style="font-family:Arial; font-size:10pt">CONSEQUENCES </font><font style="font-family:Arial; font-size:10pt">IN THIS PROSPECTUS</font><font style="font-family:Arial; font-size:10pt"> IS NOT INTENDED OR WRITTEN TO BE, AND CANNOT BE, RELIED UPON FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY BE IMPOSED UNDER THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE &#8220;CODE&#8221;); (B) SUCH DISCUSSION IS INCLUDED HEREIN BY US IN CONNECTION WITH THE PR</font><font style="font-family:Arial; font-size:10pt">OMOTION OR MARKETING (WITHIN THE MEANING OF CIRCULAR 230) BY US</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">OF THE TRANSACTIONS OR MATTERS ADDRESSED HEREIN</font><font style="font-family:Arial; font-size:10pt">; AND (C) YOU SHOULD SEEK ADVICE BASED ON YOUR PARTICULAR CIRCUMSTANCES FROM AN INDEPENDENT TAX ADVISOR.</font></p>
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            <p style="margin:12pt 0pt 3pt; text-align:center"><a name="EDGAR_PAGE_START48"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">PLAN OF DISTRIBUTION</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The </font><font style="font-family:Arial; font-size:10pt">n</font><font style="font-family:Arial; font-size:10pt">otes are </font><font style="font-family:Arial; font-size:10pt">offered in the United States only</font><font style="font-family:Arial; font-size:10pt"> and only to U.S. Holders.&#160; See &#8220;Material U.S. Federal Income Tax Consequences&#8221; on page S-37 of this prospectus supplement for the definition of &#8220;U.S. Holders&#8221;.&#160; The notes are offered </font><font style="font-family:Arial; font-size:10pt">on a continuing basis</font><font style="font-family:Arial; font-size:10pt"> until AMERCO clos</font><font style="font-family:Arial; font-size:10pt">es the offering,</font><font style="font-family:Arial; font-size:10pt"> and </font><font style="font-family:Arial; font-size:10pt">the notes </font><font style="font-family:Arial; font-size:10pt">will be offered by AMERCO or its affiliates directly</font><font style="font-family:Arial; font-size:10pt"> to the public</font><font style="font-family:Arial; font-size:10pt">. There is presently anticipated to be no underwriter, broker</font><font style="font-family:Arial; font-size:10pt">, dealer or placement </font><font style="font-family:Arial; font-size:10pt">agent for the </font><font style="font-family:Arial; font-size:10pt">n</font><font style="font-family:Arial; font-size:10pt">otes</font><font style="font-family:Arial; font-size:10pt">,</font><font style="font-family:Arial; font-size:10pt"> and it is presently anticipated that no commissions wil</font><font style="font-family:Arial; font-size:10pt">l b</font><font style="font-family:Arial; font-size:10pt">e paid to any third parties in connection with the offering.</font></p>
            <p style="margin:12pt 0pt 3pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">LEGAL MATTERS</font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt">The validity of the notes offered by this prospectus supplement will be passed upon by AMERCO.</font></p>
            <p style="margin:12pt 0pt 3pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">EXPERTS</font></p>
            <p style="margin:0pt; text-align:center; background-color:#ffffff"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The consolidated financial statements and schedules of AMERCO and consoli</font><font style="font-family:Arial; font-size:10pt">dated subsidiaries as of March 31, 2012 and 2011 and for each of the three years in the period ended March 31, 2012, and management&#8217;s assessment of the effectiveness of AMERCO&#8217;s internal control over financial reporting as of March 31, 2012, appearing in A</font><font style="font-family:Arial; font-size:10pt">MERCO&#8217;s Annual Report on Form 10-K for the year ended March 31, 2012, incorporated by reference in this Prospectus have been so incorporated in reliance on the reports of BDO USA, LLP, an independent registered public accounting firm, incorporated herein b</font><font style="font-family:Arial; font-size:10pt">y reference, given on the authority of said firm as experts in auditing and accounting.</font></p>
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            <p style="margin:0pt; text-align:center; line-height:10pt"><a name="EDGAR_HF_F_START_11"></a><font style="font-family:Arial; font-size:10pt">S</font><font style="font-family:Arial; font-size:10pt">-</font><font style="font-family:Arial; font-size:10pt">42</font><a name="EDGAR_HF_F_END_12"></a></p>
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            <p style="margin:5pt 0pt 6pt; text-align:center"><a name="EDGAR_PAGE_START49"></a><font style="font-family:Arial; font-size:12pt; font-weight:bold">SUBJECT TO COMPLETION, DATED ____________, 2010</font></p>
            <p style="margin:5pt 0pt"><font style="font-family:Arial; font-size:12pt; font-weight:bold">Prospectus</font></p>
            <p style="margin:5pt 0pt; text-align:center"><font style="font-family:Arial; font-size:12pt; font-weight:bold">$300,000,000</font></p>
            <p style="margin:12pt 0pt 5pt; text-align:center"><font style="font-family:Arial; font-size:24pt; font-weight:bold">AMERCO</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:12pt; font-weight:bold">Debt Securities</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:12pt; font-weight:bold">Common Stock</font><br /><font style="font-family:Arial; font-size:12pt; font-weight:bold">Preferred Stock</font><br /><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">By this prospectus, we</font><font style="font-family:Arial; font-size:10pt"> may offer from time to time: debt securities; common stock; and preferred stock.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We may offer these securities with an aggregate initial public offering price of up to $300,000,000, in amounts, at initial prices and on terms determined at the time of the </font><font style="font-family:Arial; font-size:10pt">offering.&#160; When we offer securities, we will provide you with a prospectus supplement describing the terms of the specific issue of securities, including the price of the securities. You should read this prospectus and any prospectus supplement carefully b</font><font style="font-family:Arial; font-size:10pt">efore you decide to invest. This prospectus may not be used to sell securities unless it is accompanied by a prospectus supplement that further describes the securities being delivered to you.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We may offer and sell these securities to or through one or mor</font><font style="font-family:Arial; font-size:10pt">e underwriters, dealers and agents, or directly to purchasers, on a continuous or delayed basis.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Our common stock is listed for trading on the NASDAQ Global Select Market under the symbol &#8220;UHAL.&#8221; We have not yet determined whether any of the securities tha</font><font style="font-family:Arial; font-size:10pt">t may be offered by this prospectus will be listed on any exchange, or included in any inter-dealer quotation system or over-the-counter market. If we decide to seek the listing or inclusion of any such securities upon issuance, the prospectus supplement r</font><font style="font-family:Arial; font-size:10pt">elating to those securities will disclose the exchange, quotation system or market on or in which the securities will be listed or included.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Investing in our securities involves risks. We may include specific risk factors in an applicable prospectus supple</font><font style="font-family:Arial; font-size:10pt">ment under the heading &#8220;Risk Factors.&#8221;</font></p>
            <p style="margin:6pt 0pt 12pt; text-align:center"><font style="font-family:Arial; font-size:12pt">____________________</font></p>
            <p style="margin:6pt 0pt 0pt; text-indent:36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Investing in our securities involves certain risks.&#160; See &#8220;Risk Factors&#8221; beginning on Page</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">4</font><font style="font-family:Arial; font-size:10pt; font-weight:bold"> of this prospectus and in the applicable prospectus supplement for certain risks you should consider.&#160; Y</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">ou should carefully read the entire prospectus before you invest in our securities.</font></p>
            <p style="margin:6pt 0pt 12pt; text-align:center"><font style="font-family:Arial; font-size:12pt">____________________</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold">Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the a</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">ccuracy or adequacy of this prospectus.</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">Any representation to the contrary is a criminal offense.</font></p>
            <p style="margin:0pt 0pt 6pt; text-align:center"><font style="font-family:Arial; font-size:12pt">____________________</font></p>
            <p style="margin:12pt 0pt 0pt; text-align:center"><font style="font-family:Arial; font-size:12pt">This prospectus is dated [</font><font style="font-family:Arial; font-size:12pt">&#xa0;</font><font style="font-family:Arial; font-size:12pt">&#xa0;</font><font style="font-family:Arial; font-size:12pt">&#xa0;</font><font style="font-family:Arial; font-size:12pt">&#xa0;</font><font style="font-family:Arial; font-size:12pt">&#xa0;</font><font style="font-family:Arial; font-size:12pt">&#xa0;</font><font style="font-family:Arial; font-size:12pt">], 2010.</font></p>
            <p style="margin:0pt 0pt 11pt; text-align:center; widows:0; orphans:0"><a name="EDGAR_PAGE_END49"></a></p>
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_PAGE_START50"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">TABLE OF CONTENTS</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:12pt; font-weight:bold">Prospectus</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">About This Prospectus</font></p>
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                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">1</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">About AMERCO</font></p>
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                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">3</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Risk </font><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Factors</font></p>
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                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">4</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Note Regarding Forward-Looking Statements</font></p>
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                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">4</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Description of Securities</font></p>
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                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">5</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Use of Proceeds</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">5</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Ratio of Earnings to Fixed Charges</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">5</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Plan of Distribution</font></p>
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                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">5</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Legal Matters</font></p>
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                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">7</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Experts</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">7</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Incorporation of Certain Information by Reference</font></p>
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                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">7</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt; text-decoration:underline">Where You</font><font style="font-family:Arial; font-size:10pt; text-decoration:underline"> Can Find More Information</font></p>
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                    <td style="padding-left:2.35pt; padding-right:2.35pt; vertical-align:bottom; width:11.68%">
                        <p style="margin:0pt; text-align:right"><font style="font-family:Arial; font-size:10pt">8</font></p>
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            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">If you are in a jurisdiction where offers to sell, or solicitations of offers to purchase, the securities offered by this document are unlawful, or if you are a person to whom it is unlawful to direct these types of activitie</font><font style="font-family:Arial; font-size:10pt">s, then the offer presented in this prospectus does not extend to you.</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We have not authorized anyone to give any information or make any representation about us that is different from, or in addition to, that contained in this prospectus, including in an</font><font style="font-family:Arial; font-size:10pt">y of the materials that we have incorporated by reference into this prospectus, any accompanying prospectus supplement and any free writing prospectus prepared or authorized by us.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Therefore, if anyone does give you information of this sort, you should no</font><font style="font-family:Arial; font-size:10pt">t rely on it as authorized by us.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Neither the delivery of this prospectus, nor any sale made hereunder, shall under any circumstances create any implication that there has been no change in our affairs since the date hereof or that the information incorpo</font><font style="font-family:Arial; font-size:10pt">rated by reference herein is correct as of any time subsequent to the date of such information.</font></p>
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            <p style="margin:0pt; text-align:center"><a name="EDGAR_PAGE_START51"></a><font style="font-family:Arial; font-size:10pt; font-weight:bold">ABOUT THIS PROSPECTUS</font></p>
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            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">This prospectus is part of a registration statement on Form S-3 that AMERCO has filed with the Securities and </font><font style="font-family:Arial; font-size:10pt">Exchange Commission, or the SEC, utilizing the &#8220;shelf&#8221; registration process for the offering and sale of securities pursuant to Rule 415 under the Securities Act of 1933, as amended, or the Securities Act.&#160; Under the shelf registration process, we may, ove</font><font style="font-family:Arial; font-size:10pt">r time, sell up to $300,000,000 of any combination of securities described in this prospectus.</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">This prospectus provides you with a general description of the securities that AMERCO may offer hereunder.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Each time AMERCO sells a type or series of securiti</font><font style="font-family:Arial; font-size:10pt">es, it will provide a prospectus supplement that will contain specific information about the offering and the terms of the particular securities offered.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">The prospectus supplement may also add, update or change information contained in this prospectus.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Y</font><font style="font-family:Arial; font-size:10pt">ou should read both this prospectus and any prospectus supplement together with the additional information described under the headings &#8220;Where You Can Find More Information.&#8221;</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">In each prospectus supplement, we will include the following information:</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">designation or classification;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">the aggregate principal amount or aggregate offering price of securities that we propose to sell;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">the rates</font><font style="font-family:Arial; font-size:10pt"> and times of payment of interest, dividends or other payments, if any;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">the </font><font style="font-family:Arial; font-size:10pt">names of any underwriters, agents or dealers to or through which the securities will be sold;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">information about any securities exchanges or automated quotation systems on which the </font><font style="font-family:Arial; font-size:10pt">securities will be listed or traded or the fact that such securities will not be listed or traded on any exchange;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">any risk factors applicable to the securities that we propose to sell; </font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">any other material information about the offering and sale of the securities.</font></p>
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            <p style="margin:12pt 0pt; text-indent:36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">A prospectus supplement may include a discussion of risks or other special considerations applicable to us or the offered securities. A prospectus </font><font style="font-family:Arial; font-size:10pt">supplement may also add, update or change information in this prospectus. If there is any inconsistency between the information in this prospectus and the applicable prospectus supplement, you must rely on the information in the prospectus supplement. Plea</font><font style="font-family:Arial; font-size:10pt">se carefully read both this prospectus and the applicable prospectus supplement </font><a name="EDGAR_PAGE_END51"></a></p>
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            <p style="margin:0pt 0pt 12pt; text-align:justify"><a name="EDGAR_PAGE_START52"></a><font style="font-family:Arial; font-size:10pt">together with additional information described under the heading &#8220;Where You Can Find More Information.&#8221; This prospectus may not be used to offer or sell any securities unless </font><font style="font-family:Arial; font-size:10pt">accompanied by a </font><font style="font-family:Arial; font-size:10pt">prospectus supplement.</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">The registration statement containing this prospectus, including exhibits to the registration statement, provides additional information about us and the securities offered under this prospectus. The registration sta</font><font style="font-family:Arial; font-size:10pt">tement can be read at the SEC website or at the SEC&#8217;s public reading room mentioned under the heading &#8220;Where You Can Find More Information.&#8221;</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We have not authorized any broker-dealer, salesperson or other person to give any information or to make any repres</font><font style="font-family:Arial; font-size:10pt">entation other than those contained or incorporated by reference in this prospectus and any accompanying supplement to this prospectus. You must not rely upon any information or representation not contained or incorporated by reference in this prospectus o</font><font style="font-family:Arial; font-size:10pt">r the accompanying prospectus supplement. This prospectus and the accompanying supplement to this prospectus do not constitute an offer to sell or the solicitation of an offer to buy securities, nor do this prospectus and the accompanying supplement to thi</font><font style="font-family:Arial; font-size:10pt">s prospectus constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction to any person to whom it is unlawful to make such offer or solicitation. The information contained in this prospectus and the accompanying prospe</font><font style="font-family:Arial; font-size:10pt">ctus supplement speaks only as of the date set forth on the cover page and may not reflect subsequent changes in our business, financial condition, results of operations and prospects even though this prospectus and any accompanying prospectus supplement i</font><font style="font-family:Arial; font-size:10pt">s delivered or securities are sold on a later date.</font></p>
            <p style="margin:0pt 0pt 12pt; text-indent:36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We may sell the securities directly to or through underwriters, dealers or agents. We, and our underwriters or agents, reserve the right to accept or reject all or part of any proposed purchase of securit</font><font style="font-family:Arial; font-size:10pt">ies. If we do offer securities through underwriters or agents, we will include in the applicable prospectus supplement:</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">the net proceeds to us.</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">&#xa0;</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Common Stock</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">.</font><font style="font-family:Arial; font-size:10pt; font-style:italic"> </font><font style="font-family:Arial; font-size:10pt">We may issue shares of our common stock from time to time. Holders of our common stock are entitled to one vote per share for the election of </font><font style="font-family:Arial; font-size:10pt">directors and on all other matters that require stockholder approval. Subject to any preferential rights of any outstanding preferred stock, in the event of our liquidation, dissolution or winding up, holders of our common stock are entitled to share ratab</font><font style="font-family:Arial; font-size:10pt">ly in the assets remaining after payment of liabilities </font><font style="font-family:Arial; font-size:10pt">and the liquidation preferences of any outstanding preferred stock. Our common stock does not carry any redemption rights or any preemptive rights enabling a holder to subscribe for, or receive shares</font><font style="font-family:Arial; font-size:10pt"> of, any class of our common stock or any other securities convertible into shares of any class of our common </font><font style="font-family:Arial; font-size:10pt">stock</font><font style="font-family:'Times New Roman'; font-size:10pt">.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Preferred</font><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic"> Stock. </font><font style="font-family:Arial; font-size:10pt">We may issue shares of our preferred stock from time to time, in one or more series. Under our certificate of incorporatio</font><font style="font-family:Arial; font-size:10pt">n, our board of directors has the authority, without further action by stockholders, to designate up to 50,000,000 shares of preferred stock in one or more series and to fix the rights, preferences, privileges, qualifications and restrictions granted to or</font><font style="font-family:Arial; font-size:10pt"> imposed upon the preferred stock, including dividend rights, conversion rights, voting rights, rights and terms of redemption, liquidation preference and sinking fund terms, any or all of which may be greater than the rights of the common stock.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">If we issue preferred stock, we will fix the rights, preferences, privileges, qualifications and restrictions of the preferred stock of each series that we sell under this prospectus and applicable prospectus supplements in the certificate of de</font><font style="font-family:Arial; font-size:10pt">signations relating to that series. If we issue preferred stock, we will incorporate by reference into the registration statement of which this prospectus is a part the form of any certificate of designations that describes the terms of the series of prefe</font><font style="font-family:Arial; font-size:10pt">rred stock we are offering before the issuance of the related series of preferred stock. We urge you to read the prospectus supplement </font><a name="EDGAR_PAGE_END52"></a></p>
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            <p style="margin:0pt 0pt 6pt; text-align:justify"><a name="EDGAR_PAGE_START53"></a><font style="font-family:Arial; font-size:10pt">related to any series of preferred stock we may offer, as well as the complete certificate of designations that contains</font><font style="font-family:Arial; font-size:10pt"> the terms of the applicable series of preferred stock.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt; font-weight:bold; font-style:italic">Debt Securities</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">. </font><font style="font-family:Arial; font-size:10pt">We may issue debt securities from time to time, in one or more series, as either senior or subordinated debt. The senior debt securities will rank equally with any other unsubordinate</font><font style="font-family:Arial; font-size:10pt">d debt that we may have and may be secured or unsecured. The subordinated debt securities will be subordinate and junior in right of payment, to the extent and in the manner described in the instrument governing the debt, to all or some portion of our inde</font><font style="font-family:Arial; font-size:10pt">btedness.&#160; Additionally, we may issue common and/or preferred stock from time to time.&#160; Any such issuance of equity securities may cause the dilution of our existing outstanding equity securities.&#160; </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">If we issue debt securities, they will be issued under on</font><font style="font-family:Arial; font-size:10pt">e or more documents called indentures, which are contracts between us and a trustee for the holders of the debt securities. If we issue preferred stock, it will be issued pursuant to a certificate of designation of the rights and preferences of such securi</font><font style="font-family:Arial; font-size:10pt">ties, to the extent and in the manner described in such document.&#160; We urge you to read the prospectus supplement related to the series of debt securities or equity securities being offered, as the case may be, as well as the complete indenture that contain</font><font style="font-family:Arial; font-size:10pt">s the terms of the debt securities (which will include a supplemental indenture) and the complete preferred stock certificate of designation, if any.&#160;&#160; If we issue debt securities, indentures and forms of debt securities containing the terms of debt securi</font><font style="font-family:Arial; font-size:10pt">ties being offered will be incorporated by reference into the registration statement of which this prospectus is a part from reports we would subsequently file with the SEC. Similarly, if we issue preferred stock, the certificate of designation containing </font><font style="font-family:Arial; font-size:10pt">the terms of such preferred stock being offered will be incorporated by reference into the registration statement of which this prospectus is a part from reports we would subsequently file with the SEC.&#160; </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">In this prospectus, when we use the terms &#8220;AMERCO,&#8221;</font><font style="font-family:Arial; font-size:10pt"> the &#8220;Company,&#8221; &#8220;the combined company,&#8221; &#8220;we,&#8221; &#8220;us&#8221; or &#8220;our,&#8221; we mean AMERCO and its subsidiaries.</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">ABOUT AMERCO</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We are </font><font style="font-family:Arial; font-size:10pt">North America</font><font style="font-family:Arial; font-size:10pt">&#8217;s largest &#8220;do-it-yourself&#8221; moving and storage operator through our subsidiary U-Haul International, Inc. (&#8220;U-Haul&#8221;). </font><font style="font-family:Arial; font-size:10pt">U-Haul is synonymous with &#8220;do-it-yourself&#8221; moving and storage and is a leader in supplying products and services to help people move and store their household and commercial goods. Our primary service objective is to provide a better and better product or </font><font style="font-family:Arial; font-size:10pt">service to more and more people at a lower and lower cost. Unless the context otherwise requires, the term &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;us,&#8221; or &#8220;our&#8221; refers to AMERCO and all of its legal subsidiaries.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">We were founded in 1945 as a sole proprietorship under the name </font><font style="font-family:Arial; font-size:10pt">&#8220;U-Haul Trailer Rental Company&#8221; and have rented trailers ever since. Starting in 1959, we rented trucks on a one-way and in-town basis exclusively through independent U-Haul dealers. In 1974, we began developing our network of U-Haul managed retail centers</font><font style="font-family:Arial; font-size:10pt">, through which we rent our trucks and trailers, self-storage rooms and sell moving and self-storage products and services to complement our independent dealer network.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">We rent our distinctive orange and white U-Haul trucks and trailers as well as offer s</font><font style="font-family:Arial; font-size:10pt">elf-storage rooms through a network of over 1,400 Company operated retail moving centers and approximately 14,900 independent U-Haul dealers. In addition, we have an independent storage facility network with over 5,100 active affiliates. We also sell U-Hau</font><font style="font-family:Arial; font-size:10pt">l brand boxes, tape and other moving and self-storage products and services to &#8220;do-it-yourself&#8221; moving and storage customers at all of our distribution outlets and through our eMove web site.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">We believe U-Haul is the most convenient supplier of products a</font><font style="font-family:Arial; font-size:10pt">nd services addressing the needs of </font><font style="font-family:Arial; font-size:10pt">North America</font><font style="font-family:Arial; font-size:10pt">&#8217;s &#8220;do-it-yourself&#8221; moving and storage market. Our broad geographic coverage throughout the United States and Canada and our extensive selection of U-Haul brand moving equipment rentals, self-storage rooms a</font><font style="font-family:Arial; font-size:10pt">nd related moving and storage products and services provide our customers with convenient &#8220;one-stop&#8221; shopping.</font></p>
            <p style="margin:0pt; text-indent:36pt"><font style="font-family:Arial; font-size:10pt">Through Republic Western Insurance Company, which we refer to as RepWest, our property and casualty insurance subsidiary, we manage the property,</font><font style="font-family:Arial; font-size:10pt"> liability and related insurance claims processing for U-Haul. Oxford Life Insurance Company, which we refer to as </font><font style="font-family:Arial; font-size:10pt">Oxford</font><font style="font-family:Arial; font-size:10pt">, is our life insurance subsidiary.&#160; </font><font style="font-family:Arial; font-size:10pt">Oxford</font><font style="font-family:Arial; font-size:10pt"> sells Medicare supplement, life insurance, annuities and other related products to non U-Ha</font><font style="font-family:Arial; font-size:10pt">ul customers.</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><a name="EDGAR_PAGE_START54"></a><font style="font-family:Arial; font-size:10pt">We are a publicly traded </font><font style="font-family:Arial; font-size:10pt">Nevada</font><font style="font-family:Arial; font-size:10pt"> corporation.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Our common stock is listed on the NASDAQ Global Select Market under the symbol &#8220;UHAL.&#8221;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Our principal executive offices are located at </font><font style="font-family:Arial; font-size:10pt">1325 Airmotive Way, Suite 100</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">Reno</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">Nevada</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">89502-3239</font><font style="font-family:Arial; font-size:10pt">. Our telephone number is (775) 688-6300, and our website address is </font><font style="font-family:Arial; font-size:10pt; font-style:italic; text-decoration:underline">amerco.com</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Information contained in or linked to our website is not a part of this prospectus.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">You can get more information regarding our business by reading our most r</font><font style="font-family:Arial; font-size:10pt">ecent Annual Report on Form 10-K and the other reports and information that we file with the SEC.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">See &#8220;Where You Can Find More Information.&#8221;</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">RISK FACTORS </font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Before making an investment decision, you should carefully consider the risks described under &#8220;Risk</font><font style="font-family:Arial; font-size:10pt"> Factors&#8221; in the applicable prospectus supplement, together with all of the other information appearing in this prospectus or incorporated by reference into this prospectus and any applicable prospectus supplement, in light of your particular investment ob</font><font style="font-family:Arial; font-size:10pt">jectives and financial circumstances. Our business, financial condition or results of operations could be materially adversely affected by any of these risks. This prospectus and the incorporated documents also contain forward-looking statements that invol</font><font style="font-family:Arial; font-size:10pt">ve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including the risks mentioned elsewhere in this prospectus.</font></p>
            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">NOTE REGARDING FORWARD-LOOKING STA</font><font style="font-family:Arial; font-size:10pt; font-weight:bold">TEMENTS</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">This prospectus contains &#8220;forward-looking statements&#8221; regarding future events and our future results of operations. We may make additional written or oral forward-looking statements from time to time in filings with the SEC or otherwise. We believ</font><font style="font-family:Arial; font-size:10pt">e such forward-looking statements are within the meaning of the safe-harbor provisions of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or Exchange Act. Such statements may include, but are not limit</font><font style="font-family:Arial; font-size:10pt">ed to, projections of revenues, earnings or loss, estimates of capital expenditures, plans for future operations, products or services, financing needs and plans; our perceptions of our legal positions and anticipated outcomes of government investigations </font><font style="font-family:Arial; font-size:10pt">and pending litigation against us, liquidity, goals and strategies, plans for new business, storage occupancy, growth rate assumptions, pricing, costs, and access to capital and leasing markets as well as assumptions relating to the foregoing. The words &#8220;b</font><font style="font-family:Arial; font-size:10pt">elieve,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;estimate,&#8221; &#8220;project&#8221; and similar expressions identify forward-looking statements, which speak only as of the date the statement was made.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Forward-looking statements are inherently subject to risks and uncertainties, some </font><font style="font-family:Arial; font-size:10pt">of which cannot be predicted or quantified. Factors that could significantly affect results include, without limitation, the risk factors enumerated at the end of this section, as well as the following: the Company&#8217;s ability to operate pursuant to the term</font><font style="font-family:Arial; font-size:10pt">s of its credit facilities; the Company&#8217;s ability to maintain contracts that are critical to its operations; the costs and availability of financing; the Company&#8217;s ability to execute its business plan; the Company&#8217;s ability to attract, motivate and retain </font><font style="font-family:Arial; font-size:10pt">key employees; general economic conditions; fluctuations in our costs to maintain and update our fleet and facilities; our ability to refinance our debt; changes in government regulations, particularly environmental regulations; our credit ratings; the ava</font><font style="font-family:Arial; font-size:10pt">ilability of credit; changes in demand for our products; changes in the general domestic economy; the degree and nature of our competition; the resolution of pending litigation against the Company; changes in accounting standards and other factors describe</font><font style="font-family:Arial; font-size:10pt">d in this report or the other documents we file with the SEC. The above factors, the following disclosures, as well as other statements in this report and in the Notes to Consolidated Financial Statements, could contribute to or cause such risks or uncerta</font><font style="font-family:Arial; font-size:10pt">inties, or could cause our stock price to fluctuate dramatically. Consequently, the forward-looking statements should not be regarded as representations or warranties by the Company that such matters will be realized. The Company assumes no obligation to u</font><font style="font-family:Arial; font-size:10pt">pdate or revise any of the forward-looking statements, whether in response to new information, unforeseen events, changed circumstances or otherwise. </font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Additional factors or events that could affect our future results are described from time to time in our</font><font style="font-family:Arial; font-size:10pt"> SEC reports. See in particular the &#8220;Risk Factors&#8221; section of this prospectus. Readers are cautioned not to place undue reliance on forward-looking statements. We assume no obligation to update such information.</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><a name="EDGAR_PAGE_START55"></a><font style="font-family:Arial; font-size:10pt">You should carefully </font><font style="font-family:Arial; font-size:10pt">consider the trends, risks and uncertainties described in the &#8220;Risk Factors&#8221; section of this prospectus and other information in this prospectus and reports filed with the SEC before making any investment decision with respect to the notes. If any of the t</font><font style="font-family:Arial; font-size:10pt">rends, risks or uncertainties set forth in the &#8220;Risk Factors&#8221; section of this prospectus actually occurs or continues, our business, financial condition or operating results could be materially adversely affected. All forward-looking statements attributabl</font><font style="font-family:Arial; font-size:10pt">e to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement.</font></p>
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            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">DESCRIPTION OF SECURITIES</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We may offer shares of our common stock and preferred stock and various series of debt securities with a total valu</font><font style="font-family:Arial; font-size:10pt">e of up to $300,000,000 from time to time under this prospectus at prices and on terms to be determined by market conditions at the time of offering.&#160; Each time we offer a type or series of securities, we will provide a prospectus supplement that will desc</font><font style="font-family:Arial; font-size:10pt">ribe the specific amounts, prices and other important terms of such securities.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">The debt securities will be unsecured or secured by certain assets owned by us or certain of our subsidiaries or third parties.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">A prospectus supplement will describe the speci</font><font style="font-family:Arial; font-size:10pt">fic types, amounts, prices and detailed terms of any of these securities.</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">USE OF PROCEEDS</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We will retain broad discretion over the use of the net proceeds from the sale of our securities offered hereby.&#160; Except as described in any prospectus supplement, w</font><font style="font-family:Arial; font-size:10pt">e currently anticipate using the net proceeds from the sale of our securities offered hereby primarily for general corporate purposes.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Pending the use of the net proceeds, we may invest the net proceeds in short-term marketable securities.</font></p>
            <p style="margin:0pt 0pt 12pt; text-align:center; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">RATIOS OF EARNINGS TO FIXED CHARGES</font></p>
            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Set forth below is our ratio of earnings to fixed charges for the three months ended </font><font style="font-family:Arial; font-size:10pt">June</font><font style="font-family:Arial; font-size:10pt"> 3</font><font style="font-family:Arial; font-size:10pt">0</font><font style="font-family:Arial; font-size:10pt">, 2010</font><font style="font-family:Arial; font-size:10pt"> and 2009</font><font style="font-family:Arial; font-size:10pt"> and for each year in the five year period ended March 31, 2010.&#160; Earnings consist of earnings before interest expense and lease expense.&#160; Fixed charges consist of interest expense and an estimate of the portion of lease expense related to the interest com</font><font style="font-family:Arial; font-size:10pt">ponent.&#160; </font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:11pt; text-decoration:underline">2010</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:45pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:11pt; text-decoration:underline">2009</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:11.8pt">
                        <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:11pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:41.9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:11pt; text-decoration:underline">2010</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:41.9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:11pt; text-decoration:underline">2009</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:41.95pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:11pt; text-decoration:underline">2008</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:41.9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:11pt; text-decoration:underline">2007</font><font style="font-family:'Times New Roman'; font-size:8pt; text-decoration:underline">(a)</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:41.95pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:11pt; text-decoration:underline">2006</font><font style="font-family:'Times New Roman'; font-size:8pt; text-decoration:underline">(a)</font></p>
                    </td>
                </tr>
                <tr>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:131.4pt">
                        <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:11pt">Ratio of earnings to fixed charges</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:45pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">4.1x</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:45pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">2.0x</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:11.8pt">
                        <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:41.9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">1.7x</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:41.9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">1.1x</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">1.7x</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">2.1x</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:41.95pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">2.8x</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:131.4pt">
                        <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:11pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:45pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:45pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                    </td>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:11.8pt">
                        <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:41.9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:41.9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:41.95pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:41.9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:41.95pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
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                <tr>
                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:131.4pt">
                        <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:11pt">Ratio of earnings to combined fixed charges and preferred dividends</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">3.6x</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:45pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">1.7x</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:11.8pt">
                        <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                        <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                        <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:41.9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">1.5x</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">1.0x</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:41.95pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">1.5x</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:41.9pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">1.8x</font></p>
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                    <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:41.95pt">
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                        <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:12pt">2.4x</font></p>
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                    </td>
                    <td style="width:45pt; border:none">
                    </td>
                    <td style="width:11.8pt; border:none">
                    </td>
                    <td style="width:41.9pt; border:none">
                    </td>
                    <td style="width:41.9pt; border:none">
                    </td>
                    <td style="width:41.95pt; border:none">
                    </td>
                    <td style="width:41.9pt; border:none">
                    </td>
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            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 0pt 36pt; text-indent:-18pt"><font style="font-family:Arial; font-size:9pt">(a)</font><font style="font:7.0pt 'Times New Roman'">&#xa0;&#xa0;&#xa0;&#xa0; </font><font style="font-family:Arial; font-size:9pt">does not include fees and amortization on early extinguishment of debt</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">PLAN OF DISTRIBUTION</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We may sell the securities covered by this prospectus from time to time in one or more offerings.&#160; </font><font style="font-family:Arial; font-size:10pt">Registration of the securities covered by this prospectus does not mean, however, that those securities will necessarily be offered or sold.</font></p>
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        <div class="footer" style="clear:both">
            <br>
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                <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin:0 auto">
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                        <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:207.3pt">
                            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
                        </td>
                        <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:50.4pt">
                            <p style="margin:0pt; text-align:center"><font style="font-family:'Times New Roman'; font-size:10pt">- 5 -</font></p>
                        </td>
                        <td style="padding-left:5.4pt; padding-right:5.4pt; vertical-align:top; width:207.3pt">
                            <p style="margin:0pt; text-align:right; line-height:10pt"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
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            <p style="margin:0pt"><a name="EDGAR_HF_F_END_34"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
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        <div style="page-break-before:always; clear:both;">
        <div class="header" style="clear:both">
            <p style="margin:0pt"><a name="EDGAR_HF_H_START_35"></a><a name="EDGAR_HF_H_END_36"></a><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><a name="EDGAR_PAGE_START56"></a><font style="font-family:Arial; font-size:10pt">We may sell the securities separately or together:</font></p>
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                        <p style="margin:0pt; text-align:center"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">through one or more underwriters or </font><font style="font-family:Arial; font-size:10pt">dealers in a public offering and sale by them</font><font style="font-family:'Times New Roman'; font-size:10pt">;</font></p>
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                </tr>
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            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:100%">
                <tr>
                    <td style="vertical-align:top">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">through agents; or</font></p>
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                </tr>
            </table>
            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
            <table cellspacing="0" cellpadding="0" style="border-collapse:collapse; margin-left:0pt; width:100%">
                <tr>
                    <td style="vertical-align:top">
                        <p style="margin:0pt; text-align:center"><font style="font-family:Symbol; font-size:10pt"></font>&#8226;<font></font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">directly to investors</font><font style="font-family:'Times New Roman'; font-size:10pt">.</font></p>
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            <p style="margin:0pt"><font style="font-family:'Times New Roman'; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We will set forth the terms of the offering of any securities being offered in the applicable prospectus supplement.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">If we utilize underwriters in an offe</font><font style="font-family:Arial; font-size:10pt">ring of securities using this prospectus, we will execute an underwriting agreement with those underwriters.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">The underwriting agreement will provide that the obligations of the underwriters with respect to a sale of the offered securities are subject to c</font><font style="font-family:Arial; font-size:10pt">ertain conditions precedent and that the underwriters will be obligated to purchase all the offered securities if any are purchased.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Underwriters may sell those securities to or through dealers.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">The underwriters may change any initial public offering pri</font><font style="font-family:Arial; font-size:10pt">ce and any discounts or concessions allowed or reallowed or paid to dealers from time to time.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">If we utilize underwriters in an offering of securities using this prospectus, the applicable prospectus supplement will contain a statement regarding the inten</font><font style="font-family:Arial; font-size:10pt">tion, if any, of the underwriters to make a market in the offered securities.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">If we utilize a dealer in an offering of securities using this prospectus, we will sell the offered securities to the dealer, as principal.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">The dealer may then resell those sec</font><font style="font-family:Arial; font-size:10pt">urities to the public at a fixed price or at varying prices to be determined by the dealer at the time of resale.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We may also use this prospectus to offer and sell securities through agents designated by us from time to time.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Unless otherwise indicated in</font><font style="font-family:Arial; font-size:10pt"> the prospectus supplement, any agent will be acting on a reasonable efforts basis for the period of its appointment.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We may offer to sell securities either at a fixed price or at prices that may be changed, at market prices prevailing at the time of sale,</font><font style="font-family:Arial; font-size:10pt"> at prices related to prevailing market prices or at negotiated prices.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">We may also use this prospectus to directly solicit offers to purchase securities.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Except as set forth in the applicable prospectus supplement, none of our directors, officers, or em</font><font style="font-family:Arial; font-size:10pt">ployees nor those of our subsidiaries will solicit or receive a commission in connection with those direct sales.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Those persons may respond to inquiries by potential purchasers and perform ministerial and clerical work in connection with direct sales.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We </font><font style="font-family:Arial; font-size:10pt">may authorize underwriters, dealers and agents to solicit offers by certain institutions to purchase securities pursuant to delayed delivery contracts providing for payment and delivery on a future date specified in the prospectus supplement.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Institutions</font><font style="font-family:Arial; font-size:10pt"> with which delayed delivery contracts may be made include commercial and savings banks, insurance companies, educational</font><font style="font-family:Arial; font-size:10pt"> and charitable institutions and other institutions that we may approve.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">The obligations of any purchaser under any delayed delivery c</font><font style="font-family:Arial; font-size:10pt">ontract will not be subject to any conditions except that any related sale of offered securities to underwriters shall have occurred and the purchase by an institution of the securities covered by its delayed delivery contract shall not at the time of deli</font><font style="font-family:Arial; font-size:10pt">very be prohibited under the laws of any jurisdiction in the United States to which that institution is subject.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Underwriters, dealers or agents participating in a distribution of securities by use of this prospectus and an applicable prospectus supplement</font><font style="font-family:Arial; font-size:10pt"> may be deemed to be underwriters, and any discounts and commissions received by them and any profit realized by them on resale of the offered securities, whether received from us or from purchasers of offered securities for whom they act as agent, may be </font><font style="font-family:Arial; font-size:10pt">deemed to be underwriting discounts and commissions under the Securities Act.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Under agreements that we may enter into, underwriters, dealers or agents who participate in the distribution of securities by use of this prospectus and an applicable prospectus </font><font style="font-family:Arial; font-size:10pt">supplement may be entitled to indemnification by us against certain liabilities, including liabilities under the Securities Act, or to contribution with respect to payments that those underwriters, dealers or agents may be required to make.</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><a name="EDGAR_PAGE_START57"></a><font style="font-family:Arial; font-size:10pt">Underwriters, dealers, agents or their affiliates may be customers of, engage in transactions with, or perform services for, us and our subsidiaries in the ordinary course of business, for which they have received or will receive customary comp</font><font style="font-family:Arial; font-size:10pt">ensation.</font></p>
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            <p style="margin:0pt; text-align:center; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt; font-weight:bold">SEC REVIEW</font></p>
            <p style="margin:0pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:12pt; font-weight:bold">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:14.4pt; text-align:justify; widows:0; orphans:0"><font style="font-family:Arial; font-size:10pt">In the course of the review by the SEC of this registration statement, we may be required to make changes to the description of our business, other information and data and the presentation of financial information included in this prospectus. Comments by </font><font style="font-family:Arial; font-size:10pt">the SEC on our financial data or other information in the registration statement may require modification or reformulation of the information we present in this prospectus.</font></p>
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            <p style="margin:0pt; text-align:center"><font style="font-family:Arial; font-size:10pt; font-weight:bold">LEGAL MATTERS</font></p>
            <p style="margin:0pt"><font style="font-family:Arial; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Certain legal matters will be passed upon for us by DLA Piper LLP </font><font style="font-family:Arial; font-size:10pt">(US).</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">If counsel for any underwriter, dealer or agent passes on legal matters in connection with an offering made by this prospectus, we will name that counsel in the prospectus supplement relating to the offering.</font></p>
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            <p style="margin:0pt; text-align:center; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">EXPERTS</font></p>
            <p style="margin:0pt; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:12pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt; text-align:justify; page-break-inside:avoid; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">The consolidated financial s</font><font style="font-family:Arial; font-size:10pt">tatements and schedules of AMERCO and consolidated subsidiaries as of March 31, 2010 and 2009 and for each of the three years in the period ended </font><font style="font-family:Arial; font-size:10pt">March </font><font style="font-family:Arial; font-size:10pt">31, 2010, and the effectiveness of AMERCO&#8217;s internal control over financial reporting as of March 31, 20</font><font style="font-family:Arial; font-size:10pt">10, appearing in AMERCO&#8217;s Annual Report on Form 10-K for the year ended March 31, 2010, incorporated by reference in this Form S-3 have been so incorporated in reliance on the report of BDO Seidman, LLP, an independent registered public accounting firm, in</font><font style="font-family:Arial; font-size:10pt">corporated herein by reference, given on the authority of said firm as experts in auditing and accounting.</font></p>
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            <p style="margin:0pt; text-align:center; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">INCORPORATION OF CERTAIN INFORMATION BY REFERENCE</font></p>
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            <p style="margin:0pt; text-indent:36pt; text-align:justify; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt">We file reports and other information with the SEC under the Exchange Act.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">You may read and co</font><font style="font-family:Arial; font-size:10pt">py any document we file at the SEC&#8217;s public reference room at </font><font style="font-family:Arial; font-size:10pt">100</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">F</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Street, N.E.</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">Washington</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">D.C.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">20549</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Please call the SEC at 1-800-SEC-0330 for further information on the operation of the public reference room.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Our SEC filings also are available on t</font><font style="font-family:Arial; font-size:10pt">he SEC&#8217;s website at </font><font style="font-family:Arial; font-size:10pt; font-style:italic; text-decoration:underline">sec.gov</font><font style="font-family:Arial; font-size:10pt">.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We have filed with the SEC a registration statement on Form S-3 to register the securities offered hereby.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">This prospectus is a part of that registration statement.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">As allowed by SEC rules, this prospectus does not </font><font style="font-family:Arial; font-size:10pt">contain all of the information that is in the registration statement and the exhibits to the registration statement.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">For further information about AMERCO, investors should refer to the registration statement and its exhibits.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">The registration statement i</font><font style="font-family:Arial; font-size:10pt">s available at the SEC&#8217;s public reference room or website as described above.</font></p>
            <p style="margin:0pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-indent:36pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We &#8220;incorporate by reference&#8221; information into this prospectus, which means that we are disclosing important information to you by referring you to other documents filed separa</font><font style="font-family:Arial; font-size:10pt">tely with the SEC.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">These documents contain important information about AMERCO and are an important part of this prospectus.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">We incorporate by reference in this prospectus the documents listed below:</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">our </font><font style="font-family:Arial; font-size:10pt">A</font><font style="font-family:Arial; font-size:10pt">nnual </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">eport on Form </font><font style="font-family:Arial; font-size:10pt">10-K for the fiscal year ended March 31, 2010;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">our </font><font style="font-family:Arial; font-size:10pt">Q</font><font style="font-family:Arial; font-size:10pt">uarterly </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">eport on Form 10-Q for the fiscal quarter ended June 30, 2010;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">those portions of our definitive proxy statement on Schedule 14A dated July 16, 2010, incorporated by reference in our </font><font style="font-family:Arial; font-size:10pt">A</font><font style="font-family:Arial; font-size:10pt">n</font><font style="font-family:Arial; font-size:10pt">nual </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">eport on Form 10-K for the year ended March 31, 2010;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">our </font><font style="font-family:Arial; font-size:10pt">C</font><font style="font-family:Arial; font-size:10pt">urrent </font><font style="font-family:Arial; font-size:10pt">R</font><font style="font-family:Arial; font-size:10pt">eports on Form 8-K filed on August 27, 2010 and September 10, 2010;</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">the description of AMERCO&#8217;s common stock set forth in our registration statements filed pursuant to Secti</font><font style="font-family:Arial; font-size:10pt">on 12 of the Exchange Act, and any amendment or report filed for the purpose of updating those descriptions; and</font></p>
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                        <p style="margin:0pt"><font style="font-family:Arial; font-size:10pt">all documents filed by us under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act between the date of this prospectus and the </font><font style="font-family:Arial; font-size:10pt">termination of any offering made under this prospectus and the prospectus supplement or supplements that will accompany any offering of securities hereunder</font><font style="font-family:'Times New Roman'; font-size:10pt">.</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Unless expressly incorporated by reference, nothing in this prospectus shall be deemed to incor</font><font style="font-family:Arial; font-size:10pt">porate by reference information furnished, but not filed, with the SEC.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">Any statement contained in a document incorporated or deemed to be incorporated by reference into this prospectus will be deemed to be modified or superseded for purposes of this prosp</font><font style="font-family:Arial; font-size:10pt">ectus to the extent that a statement contained in this prospectus or in the applicable prospectus supplement or in any other subsequently filed document that also is or is deemed to be incorporated by reference into this prospectus, modifies or supersedes </font><font style="font-family:Arial; font-size:10pt">that statement.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">Any statement that is so modified or superseded will not constitute a part of this prospectus, except as modified or superseded.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">You may obtain any of the documents incorporated by reference in this prospectus from the SEC through the SEC&#8217;</font><font style="font-family:Arial; font-size:10pt">s website at the address provided above.</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">&#xa0;</font><font style="font-family:Arial; font-size:10pt">You also may request a copy of any document incorporated by reference in this prospectus (excluding any exhibits to those documents, unless the exhibit is specifically incorporated by reference in this document), a</font><font style="font-family:Arial; font-size:10pt">t no cost.&#160; Requests should be directed to Laurence De Respino, General Counsel, AMERCO, c/o U-Haul International, Inc., </font><font style="font-family:Arial; font-size:10pt">2727 N. Central Avenue</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">Phoenix</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">AZ</font><font style="font-family:Arial; font-size:10pt">&#160; </font><font style="font-family:Arial; font-size:10pt">85004</font><font style="font-family:Arial; font-size:10pt">, telephone, (602) 263-6977.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We own the registered trademarks or service marks &#8220;U-Haul(R),&#8221; &#8220;</font><font style="font-family:Arial; font-size:10pt">AMERCO(R),&#8221; &#8220;In-Town(R),&#8221; &#8220;eMove(R),&#8221; &#8220;Web C.A.R.D.(R),&#8221; &#8220;Safemove(R),&#8221; &#8220;WebSelfStorage(TM),&#8221; &#8220;webselfstorage.com(SM),&#8221; &#8220;uhaul.com(SM), &#8220;Lowest Decks(SM),&#8221; &#8220;Gentle Ride Suspension (SM),&#8221; &#8220;Mom&#8217;s Attic (SM)&#8221; &#8220;U-Box (&#8482;),&#8221; &#8220;Moving Help&#8482;&#8221; and &#8220;Safestor(R)&#8221; for </font><font style="font-family:Arial; font-size:10pt">use in connection with the moving and storage business. This prospectus also includes product names and other tradenames and service marks of AMERCO and its subsidiaries.</font></p>
            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:'Times New Roman'; font-size:10pt">&#xa0;</font></p>
            <p style="margin:0pt; text-align:center; page-break-after:avoid"><font style="font-family:Arial; font-size:10pt; font-weight:bold">WHERE YOU CAN FIND MORE INFORMATION</font></p>
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            <p style="margin:0pt 0pt 6pt; text-indent:18pt; text-align:justify"><font style="font-family:Arial; font-size:10pt">We are subject to the informational requirement</font><font style="font-family:Arial; font-size:10pt">s of the 1934 Act and in accordance therewith file reports, proxy statements and other information with the Securities and Exchange Commission.&#160; Our filings are available to the public over the Internet at the Securities and Exchange Commission&#8217;s website a</font><font style="font-family:Arial; font-size:10pt">t </font><font style="font-family:Arial; font-size:10pt; font-style:italic">sec.gov</font><font style="font-family:Arial; font-size:10pt">, as well as at our website at </font><font style="font-family:Arial; font-size:10pt; font-style:italic">amerco.com</font><font style="font-family:Arial; font-size:10pt">.&#160; You may also read and copy, at prescribed rates, any document we file with the Securities and Exchange Commission at the Public Reference Room of the Securities and Exchange Commission located at </font><font style="font-family:Arial; font-size:10pt">100 F S</font><font style="font-family:Arial; font-size:10pt">treet, N.E.</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">Washington</font><font style="font-family:Arial; font-size:10pt">, </font><font style="font-family:Arial; font-size:10pt">D.C.</font><font style="font-family:Arial; font-size:10pt"> </font><font style="font-family:Arial; font-size:10pt">20549</font><font style="font-family:Arial; font-size:10pt">.&#160; Please call the Securities and Exchange Commission at (800) SEC-0330 for further information on the Securities and Exchange Commission&#8217;s Public Reference Rooms.</font></p>
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