<SEC-DOCUMENT>0001133228-22-002152.txt : 20220419
<SEC-HEADER>0001133228-22-002152.hdr.sgml : 20220419
<ACCEPTANCE-DATETIME>20220419134837
ACCESSION NUMBER:		0001133228-22-002152
CONFORMED SUBMISSION TYPE:	40-17G
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20220419
DATE AS OF CHANGE:		20220419
EFFECTIVENESS DATE:		20220419

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND
		CENTRAL INDEX KEY:			0000925683
		IRS NUMBER:				043241844
		STATE OF INCORPORATION:			MA

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-08568
		FILM NUMBER:		22834373

	BUSINESS ADDRESS:	
		STREET 1:		C/O JOHN HANCOCK INVESTMENT MANAGEMENT
		STREET 2:		200 BERKELEY STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
		BUSINESS PHONE:		617-663-3000

	MAIL ADDRESS:	
		STREET 1:		C/O JOHN HANCOCK INVESTMENT MANAGEMENT
		STREET 2:		200 BERKELEY STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	JOHN HANCOCK BANK & THRIFT OPPORTUNITY FUND
		DATE OF NAME CHANGE:	20110214

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HANCOCK JOHN BANK & THRIFT OPPORTUNITY FUND
		DATE OF NAME CHANGE:	19940728

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HANCOCK JOHN REGIONAL BANK & THRIFT FUND
		DATE OF NAME CHANGE:	19940620
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-17G
<SEQUENCE>1
<FILENAME>jhfof-html4771_4017g.htm
<DESCRIPTION>JH FINANCIAL OPPORTUNITIES FUND_40-17G
<TEXT>
<HTML>
<HEAD>
  <TITLE></TITLE>
</HEAD>
<BODY>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>John
        Hancock Financial Services</B></FONT></TD>
    <TD STYLE="width: 50%; border-top: Black 1pt solid; font: 10pt Tahoma, Helvetica, Sans-Serif; padding-bottom: 6pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif; padding-bottom: 6pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 72px; width: 217px"></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 12pt 0 0">U.S. Wealth Management</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 12pt 0 0">200 Berkeley Street</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 12pt 0 0">Boston, MA 02116</P></TD>
    <TD STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif; padding-bottom: 6pt">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>April 19, 2022</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Securities and Exchange Commission</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Washington, DC 20549</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">RE:&#9;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;John Hancock Bond Trust (File No.
811-03006)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Collateral Trust (File No. 811-23027)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock California Tax-Free Income Fund (File No.
811-05979)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Capital Series (File No. 811-01677)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Current Interest (File No. 811-02485)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Exchange-Traded Fund Trust (File No. 811-22733)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Financial Opportunities Fund (file No.
811-08568)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Funds II (File No. 811-21779)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Funds III (File No. 811-21777)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Hedged Equity &amp; Income Fund (File No.
811-22441)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Income Securities Trust (File No. 811-04186)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Investment Trust (File No. 811-00560)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Investment Trust II (File No. 811-03999)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Investors Trust (File No. 811-04173)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Municipal Securities Trust (File No. 811-05968)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Preferred Income Fund (File No. 811-21131)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Preferred Income Fund II (File No. 811-21202)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Preferred Income Fund III (File No. 811-21287)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Premium Dividend Fund (File No. 811-05908)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Sovereign Bond Fund (File No. 811-02402)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Strategic Series (File No. 811-04651)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Tax-Advantaged Dividend Income Fund (File
No. 811-21416)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Tax-Advantaged Global Shareholder Yield
Fund (File No. 811-22056)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">John Hancock Variable Insurance Trust (File No. 811-04146)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">(collectively the &ldquo;Registrants&rdquo; or the &ldquo;Assured&rdquo;)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Dear Sir/Madam:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">On behalf of the Registrants, enclosed for filing, pursuant to Rule 17g-1
under the Investment Company Act of 1940, as amended (the &ldquo;1940 Act&rdquo;), are the following documents:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">1.</TD>
    <TD>A copy of the <B>Joint Insured Fidelity Bond No</B>. <B>81906724</B> issued by Chubb Group of Insurance Companies.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">2.</TD>
    <TD>A copy of <B>Endorsement / Rider No. 1</B> to the Registrants&rsquo; joint bond no. <B>81906724</B> regarding compliance with applicable
        trade sanction laws.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">3.</TD>
    <TD>A copy of <B>Endorsement 2</B> to the Registrants&rsquo; joint bond no. <B>81906724</B> regarding name of Assured Endorsement.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">4.</TD>
    <TD>A copy of <B>Endorsement No. 3</B> to the Registrants&rsquo; joint bond no. <B>81906724</B> amending Section 13 relating to terminations,
        non-renewals and notices.</TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>John
        Hancock Financial Services</B></FONT></TD>
    <TD STYLE="width: 50%; border-top: Black 1pt solid; font: 10pt Tahoma, Helvetica, Sans-Serif; padding-bottom: 6pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif; padding-bottom: 6pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 72px; width: 217px"></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 12pt 0 0">U.S. Wealth Management</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 12pt 0 0">200 Berkeley Street</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 12pt 0 0">Boston, MA 02116</P></TD>
    <TD STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif; padding-bottom: 6pt">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">5.</TD>
    <TD>A copy of <B>Endorsement No. 4</B> to the Registrants&rsquo; joint bond no. <B>81906724 </B>regarding limits of liability-deductible amounts.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">6.</TD>
    <TD>A copy of <B>Endorsement No. 5</B> to the Registrants&rsquo; joint bond no. <B>81906724 </B>regarding unauthorized signature endorsement.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">7.</TD>
    <TD>A copy of <B>Endorsement No. 6</B> to the Registrants&rsquo; joint bond no. <B>81906724</B> regarding automated telephone transaction
        endorsement.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">8.</TD>
    <TD>A copy <B>of Endorsement No. 7</B> to the Registrants&rsquo; joint bond no<B>. 81906724</B> regarding telefacsimile instruction fraud
        endorsement.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">9.</TD>
    <TD>A copy of <B>Endorsement No. 8</B> to the Registrants&rsquo; joint bond no. <B>81906724</B> regarding stop payment orders or refusals
        to pay check endorsement.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">10.</TD>
    <TD>A copy of <B>Endorsement No. 9</B> to the Registrants&rsquo; joint bond no. <B>81906724 </B>regarding extended computer systems endorsement.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">11.</TD>
    <TD>A copy of <B>Endorsement / Rider No. 10</B> to the Registrants&rsquo; joint bond no. <B>81906724</B> regarding automatic increase in limits
        endorsement.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">12.</TD>
    <TD>A copy of <B>Endorsement / Rider No. 11</B> to the Registrants&rsquo; joint bond no. <B>81906724</B> regarding amending definition of
        employee endorsement.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">13.</TD>
    <TD>A copy of <B>Endorsement / Rider No. 12</B> to the Registrants&rsquo; joint bond no. <B>81906724 </B>regarding deleting valuation, other
        property and amending change or modification endorsement.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">14.</TD>
    <TD>A copy of <B>Endorsement No. 13</B> to the Registrant&rsquo;s joint bond no. <B>81906724 </B>regarding amending discovery and notice endorsement.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">15.</TD>
    <TD>A copy of <B>Endorsement / Rider No. 14</B> to the Registrants&rsquo; joint bond no. <B>81906724</B> regarding amending name f assured
        (new funds) endorsement.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">16.</TD>
    <TD>A copy of the <B>Excess Joint Insured Fidelity Bond No</B>. <B>87142121B</B> issued by ICI Mutual Insurance Company.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">17.</TD>
    <TD>A copy of <B>Rider No. 1</B> to the Registrant&rsquo;s joint bond no. <B>87142120B </B>regarding requirements of the Terrorism Risk Insurance
        Act of 2002, as amended.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">18.</TD>
    <TD>A copy of the <B>Excess Joint Insured Fidelity Bond No. 652075432</B> issued by Continental Casualty Company.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">19.</TD>
    <TD>A copy of the resolutions of the Board of Trustees approving the bonds.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">20.</TD>
    <TD>A copy of the agreement among the Registrants entered into pursuant to paragraph (f) of Regulation 17g-1.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">21.</TD>
    <TD>A statement showing the single bond amount (if the Registrants had not been named as an insured under this joint insured bond).</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18pt"></TD>
    <TD STYLE="width: 18pt">22.</TD>
    <TD>A statement showing that premiums have been paid for the period <B>December 31, 2021</B> to <B>December 31, 2022.</B></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 6pt; padding-top: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>John
        Hancock Financial Services</B></FONT></TD>
    <TD STYLE="width: 50%; border-top: Black 1pt solid; font: 10pt Tahoma, Helvetica, Sans-Serif; padding-bottom: 6pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif; padding-bottom: 6pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 72px; width: 217px"></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 12pt 0 0">U.S. Wealth Management</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 12pt 0 0">200 Berkeley Street</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 12pt 0 0">Boston, MA 02116</P></TD>
    <TD STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif; padding-bottom: 6pt">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Sincerely,</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-top: 12pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">/s/
        Betsy Anne Seel</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 12pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding-top: 12pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Betsy Anne Seel</FONT></TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 43%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Assistant Secretary</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>

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<TABLE CELLSPACING="0" BORDER="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 10%; background-color: White"></TD>
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 15%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 15%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 25%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 2%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 27%"></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"><B>Chubb Group of Insurance Companies</B></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0; text-align: left"><B>DECLARATIONS</B></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">202B Hall&rsquo;s Mill Road</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0; text-align: left"><B>FINANCIAL INSTITUTION INVESTMENT</B></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Whitehouse Station, NJ 08889</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0; text-align: left"><B>COMPANY ASSET PROTECTION BOND</B></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD COLSPAN="9" STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD COLSPAN="5" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">NAME OF ASSURED (including its <B>Subsidiaries</B>):</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0; text-align: left">Bond Number: 81906724</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD COLSPAN="9" STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">JOHN HANCOCK FUNDS</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD COLSPAN="9" STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">200 BERKLEY STREET</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0; text-align: left"><B>FEDERAL INSURANCE COMPANY</B></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">BOSTON, MA 02216</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0; text-align: left">Incorporated under the laws of Indiana<BR>
        a stock insurance company herein called the COMPANY</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; padding-top: 6pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0; text-align: left; padding-top: 6pt">Capital Center, 251 North
        Illinois, Suite 1100<BR> Indianapolis, IN 46204-1927</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #000000 1px solid; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="border-bottom: #000000 1px solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #000000 1px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #000000 1px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #000000 1px solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #000000 1px solid; text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-bottom: #000000 1px solid; text-indent: 0; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD COLSPAN="9" STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White"><B>ITEM 1.</B></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">BOND PERIOD: &nbsp;from</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">12:01 a.m. on</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 3.83pt; text-align: left">December 31, 2021</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: right">12:01 a.m. on</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 3.83pt; text-align: left">December 31, 2022</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD COLSPAN="9" STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White"><B>ITEM 2.</B></TD>
    <TD COLSPAN="6" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">LIMITS OF LIABILITY--DEDUCTIBLE AMOUNTS:</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD COLSPAN="9" STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">If &ldquo;Not Covered&rdquo; is inserted below opposite
        any specified INSURING CLAUSE, such INSURING CLAUSE and any other reference shall be deemed to be deleted. <B>There shall be no deductible
        applicable to any loss under INSURING CLAUSE 1. sustained by any Investment Company.</B></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD COLSPAN="9" STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">SINGLE LOSS</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">DEDUCTIBLE</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-indent: 0; text-align: left"><U>INSURING CLAUSE</U></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"><U>LIMIT OF LIABILITY</U></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left"><U>AMOUNT</U></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD COLSPAN="9" STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(214,247,250)">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">1.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Employee</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">15,000,000</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">0</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">2.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">On Premises</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">15,000,000</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">150,000</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(214,247,250)">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">3.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">In Transit</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">15,000,000</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">150,000</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">4.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Forgery or Alteration</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">15,000,000</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">150,000</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(214,247,250)">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">5.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Extended Forgery</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">15,000,000</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">150,000</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">6.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Counterfeit Money</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">15,000,000</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">150,000</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(214,247,250)">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">7.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Threats to Person</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">15,000,000</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">150,000</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">8.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Computer System</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">15,000,000</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">150,000</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(214,247,250)">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">9.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Voice Initiated Funds</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Transfer Instruction</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">15,000,000</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">150,000</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(214,247,250)">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">10.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Uncollectible Items of Deposit</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">15,000,000</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">150,000</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">11.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">Audit Expense</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">150,000</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">$</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">0</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; background-color: rgb(214,247,250)">
    <TD COLSPAN="9" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; background-color: White">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White"><B>ITEM 3.</B></TD>
    <TD COLSPAN="8" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">THE LIABILITY OF THE COMPANY IS
        ALSO SUBJECT TO THE TERMS OF THE FOLLOWING</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(214,247,250)">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">ENDORSEMENTS EXECUTED SIMULTANEOUSLY
        HEREWITH:</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; background-color: White">
    <TD COLSPAN="9" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; background-color: White">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; background-color: rgb(214,247,250)">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">1&nbsp;-&nbsp;14</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; background-color: White">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" BORDER="0" STYLE="width: 100%">
  <TR vAlign=bottom>
    <TD STYLE="border-top: Black 1pt solid; text-align: left; width: 50%"><FONT size=1 face="Arial,Arial,Helvetica,sans-serif">ICAP Bond (5-98)
        - Federal</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: left; width: 50%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD STYLE="text-align: left"><FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Form 17-02-1421 (Ed. 5-98)</FONT></TD>
    <TD STYLE="text-align: right"><FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Page 1 of 1</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>IN WITNESS WHEREOF, THE COMPANY </B>has caused this Bond to be signed
by its authorized officers, but it shall not be valid unless also signed by an authorized representative of the Company.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 48%; border-bottom: Black 1pt solid; font: 11pt/107% Calibri, Helvetica, Sans-Serif; padding-top: 12pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">/s/
        <FONT STYLE="color: #222222; background-color: white">Brandon M. Peene</FONT></FONT></TD>
    <TD STYLE="vertical-align: top; width: 4%; padding-top: 12pt; font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 48%; border-bottom: Black 1pt solid; font: 11pt/107% Calibri, Helvetica, Sans-Serif; padding-top: 12pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">/s/
        <FONT STYLE="color: #222222; background-color: white">Paul J. Krump</FONT></FONT></TD>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Secretary</FONT></TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">President</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">March 28, 2022</TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt; color: #222222; background-color: white">/s/ Paul N. Morrissette</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Date</FONT></TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Authorized Representative </FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" BORDER="0" STYLE="width: 100%">
  <TR vAlign=bottom>
    <TD STYLE="border-top: Black 1pt solid; text-align: left; width: 50%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: left; width: 50%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD STYLE="text-align: left"><FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Form 17-02-1421 (Ed. 5-98)</FONT></TD>
    <TD STYLE="text-align: right"><FONT size=1 face="Arial,Arial,Helvetica,sans-serif">Page 2 of 2</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 20%; padding-right: 0; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 80%; padding-right: 0; text-align: justify">The COMPANY, in consideration of payment
        of the required premium, and in reliance on the APPLICATION and all other statements made and information furnished to the COMPANY by
        the ASSURED, and subject to the DECLARATIONS made a part of this Bond and to all other terms and conditions of this Bond, agrees to pay
        the ASSURED for:</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0; text-align: justify"><B><I>Insuring Clauses</I></B></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0; text-align: justify">&nbsp;</TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; vertical-align: top"><I>Employee</I></TD>
    <TD STYLE="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; text-align: left">1.</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">Loss resulting directly from <B>Larceny</B> or <B>Embezzlement</B>
        committed by any <B>Employee</B>, alone or in collusion with others.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; width: 20%; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; width: 5%; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; width: 70%">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; vertical-align: top"><I>On Premises</I></TD>
    <TD STYLE="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; text-align: left">2.</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">Loss of <B>Property</B> resulting directly from robbery, burglary,
        false pretenses, common law or statutory larceny, misplacement, mysterious unexplainable disappearance, damage, destruction or removal,
        from the possession, custody or control of the ASSURED, while such <B>Property </B>is lodged or deposited at premises located anywhere.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; vertical-align: top">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; vertical-align: top"><I>In Transit</I></TD>
    <TD STYLE="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; text-align: left">3.</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">Loss of <B>Property </B>resulting directly from common law or
        statutory larceny, misplacement, mysterious unexplainable disappearance, damage or destruction, while the <B>Property </B>is in transit
        anywhere:</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">&nbsp;</TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; width: 20%">&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; vertical-align: top; width: 5%">a.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; width: 70%">in an armored motor vehicle, including loading and unloading thereof,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; vertical-align: top">b.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">in the custody of a natural person acting as a messenger of the ASSURED, or</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; vertical-align: top">c.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">in the custody of a <B>Transportation Company </B>and being transported in
        a conveyance other than an armored motor vehicle provided, however, that covered <B>Property </B>transported in such manner is limited
        to the following:</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">&nbsp;</TD>
    <TD STYLE="text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0">&nbsp;</TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 20%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">(1)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 65%">written records,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">(2)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">securities issued in registered form, which are not endorsed or are
        restrictively endorsed, or</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">(3)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">negotiable instruments not payable to bearer, which are not endorsed
        or are restrictively endorsed.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">Coverage under this INSURING CLAUSE begins immediately
        on the receipt of such <B>Property</B> by the natural person or <B>Transportation Company</B> and ends immediately on delivery to the
        premises of the addressee or to any representative of the addressee located anywhere.</TD></TR>
  </TABLE>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="border-top: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD STYLE="width: 33%"><P STYLE="margin: 0; font: 10pt Calibri, Helvetica, Sans-Serif">ICAP Bond (5-98)</P></TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%"></TD></TR><TR STYLE="font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD>Form 17-02-1421 (Ed. 5-98)</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --> of 19</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1pt"><B><I>Insuring Clauses</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1pt"><I>(continued)</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Forgery Or Alteration</I></FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">4.</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Loss resulting directly from:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT></TD>
    <TD STYLE="width: 70%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Forgery </B>on, or fraudulent material alteration of, any
        bills of exchange, checks, drafts, acceptances, certificates of deposits, promissory notes, due bills, money orders, orders upon public
        treasuries, letters of credit, other written promises, orders or directions to pay sums certain in money, or receipts for the withdrawal
        of <B>Property</B>, or</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">transferring, paying or delivering any funds or other <B>Property</B>, or establishing
        any credit or giving any value in reliance on any written instructions, advices or applications directed to the ASSURED authorizing or
        acknowledging the transfer, payment, delivery or receipt of funds or other <B>Property</B>, which instructions, advices or applications
        fraudulently purport to bear the handwritten signature of any customer of the ASSURED, or shareholder or subscriber to shares of an <B>Investment
        Company</B>, or of any financial institution or <B>Employee</B> but which instructions, advices or applications either bear a <B>Forgery</B>
        or have been fraudulently materially altered without the knowledge and consent of such customer, shareholder, subscriber, financial institution
        or <B>Employee</B>;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">excluding, however, under this INSURING CLAUSE any loss covered under
        INSURING CLAUSE 5. of this Bond, whether or not coverage for INSURING CLAUSE 5. is provided for in the DECLARATIONS of this Bond.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the purpose of this INSURING CLAUSE, a mechanically reproduced
        facsimile signature is treated the same as a handwritten signature.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Extended Forgery</I></FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">5.</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Loss resulting directly from the ASSURED having, in good faith, and
        in the ordinary course of business, for its own account or the account of others in any capacity:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">acquired, accepted or received, sold or delivered, or given value, extended credit
        or assumed liability, in reliance on any original <B>Securities, documents or other written instruments </B>which prove to:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0; width: 20%">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="padding-left: 0; width: 5%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 5%; padding-left: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(1)</FONT></TD>
    <TD STYLE="width: 65%; padding-left: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">bear a <B>Forgery</B> or a fraudulently material
        alteration,</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(2)</FONT></TD>
    <TD STYLE="padding-left: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">have been lost or stolen, or</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(3)</FONT></TD>
    <TD STYLE="padding-left: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">be <B>Counterfeit</B>, or</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0; vertical-align: top">b.</TD>
    <TD COLSPAN="2" STYLE="text-align: left; padding-left: 0">guaranteed in writing or witnessed any signatures on any transfer, assignment, bill
        of sale, power of attorney, guarantee, endorsement or other obligation upon or in connection with any <B>Securities, documents or other
        written instruments</B>.</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="text-align: left; padding-left: 0; vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left; padding-left: 0">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-left: 0">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left; padding-left: 0; vertical-align: top">Actual physical possession, and continued actual physical possession
        if taken as collateral, of such <B>Securities, documents or other written instruments</B> by an <B>Employee, Custodian</B>, or a Federal
        or State chartered deposit institution of the ASSURED is a condition precedent to the ASSURED having relied on such items. Release or
        return of such collateral is an acknowledgment by the ASSURED that it no longer relies on such collateral.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="border-top: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD STYLE="width: 33%"><P STYLE="margin: 0; font: 10pt Calibri, Helvetica, Sans-Serif">ICAP Bond (5-98)</P></TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%"></TD></TR><TR STYLE="font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD>Form 17-02-1421 (Ed. 5-98)</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --> of 19</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1pt"><B><I>Insuring Clauses</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 20%"><I>Extended Forgery (continued)</I></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 75%">For the purpose of this INSURING CLAUSE, a mechanically reproduced facsimile
        signature is treated the same as a handwritten signature.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left; border-top: Black 1pt solid; vertical-align: top"><I>Counterfeit Money</I></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid; vertical-align: top">6.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid; vertical-align: bottom">Loss resulting directly from the
        receipt by the ASSURED in good faith of any <B>Counterfeit </B>money.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid; vertical-align: bottom"><I>Threats To Person</I></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid; vertical-align: top">7.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid; vertical-align: bottom">Loss resulting directly from surrender
        of <B>Property</B> away from an office of the ASSURED as a result of a threat communicated to the ASSURED to do bodily harm to an <B>Employee</B>
        as defined in SECTION 1.e. (1), (2) and (5), a <B>Relative</B> or invitee of such <B>Employee</B>, or a resident of the household of such
        <B>Employee</B>, who is, or allegedly is, being held captive provided, however, that prior to the surrender of such <B>Property</B>:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 20%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 5%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; width: 5%">a.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom; width: 70%">the <B>Employee</B> who receives the threat has made
        a reasonable effort to notify an officer of the ASSURED who is not involved in such threat, and</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">b.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">the ASSURED has made a reasonable effort to notify the Federal
        Bureau of Investigation and local law enforcement authorities concerning such threat.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">It is agreed that for purposes of this INSURING CLAUSE,
        any <B>Employee</B> of the ASSURED, as set forth in the preceding paragraph, shall be deemed to be an ASSURED hereunder, but only with
        respect to the surrender of money, securities and other tangible personal property in which such <B>Employee</B> has a legal or equitable
        interest.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid"><I>Computer System</I></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid">8.</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid">Loss resulting directly from fraudulent:</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 20%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 70%">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">a.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">entries of data into, or</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">b.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">changes of data elements or programs within,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>a</B> <B>Computer System</B>, provided the fraudulent entry or change causes:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 30%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">(1)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 65%">funds or other property to be transferred, paid or delivered,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 30%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">(2)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt; width: 65%">an account of the ASSURED or of its customer to be added,
        deleted, debited or credited, or</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 30%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">(3)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 2pt; width: 65%">an unauthorized account or a fictitious account to be
        debited or credited.</TD></TR>
  </TABLE>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="border-top: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD STYLE="width: 33%"><P STYLE="margin: 0; font: 10pt Calibri, Helvetica, Sans-Serif">ICAP Bond (5-98)</P></TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%"></TD></TR><TR STYLE="font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD>Form 17-02-1421 (Ed. 5-98)</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --> of 19</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1pt"><B><I>Insuring Clauses</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1pt"><I>(continued)</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Voice Initiated Funds Transfer Instruction</I></FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">9.</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Loss resulting directly from <B>Voice Initiated Funds Transfer Instruction</B>
        directed to the ASSURED authorizing the transfer of dividends or redemption proceeds of <B>Investment Company </B>shares from a <B>Customer&rsquo;s
        </B>account, provided such <B>Voice Initiated Funds Transfer Instruction </B>was:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT></TD>
    <TD STYLE="width: 70%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">received at the ASSURED&rsquo;S offices by those <B>Employees</B>
        of the ASSURED specifically authorized to receive the <B>Voice Initiated Funds Transfer Instruction</B>,</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">made by a person purporting to be a <B>Customer</B>, and</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">c.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">made by said person for the purpose of causing the ASSURED or <B>Customer </B>to
        sustain a loss or making an improper personal financial gain for such person or any other person.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">
        <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In order for coverage to apply under
        this INSURING CLAUSE, all <B>Voice Initiated Funds Transfer Instructions </B>must be received and processed in accordance with the Designated
        Procedures outlined in the APPLICATION furnished to the COMPANY.</FONT></P>
        <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid; width: 20%"><I>Uncollectible Items of Deposit</I></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid; width: 5%">10.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid; text-align: justify; padding-right: 1pt; width: 75%">Loss
        resulting directly from the ASSURED having credited an account of a customer, shareholder or subscriber on the faith of any <B>Items of
        Deposit</B> which prove to be uncollectible, provided that the crediting of such account causes:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 25%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">a.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 70%">redemptions or withdrawals to be permitted,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">b.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">shares to be issued, or</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">c.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">dividends to be paid,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">from an account of an <B>Investment Company</B>.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 25%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 75%">In order for coverage to apply under this INSURING CLAUSE, the ASSURED must
        hold <B>Items of Deposit</B> for the minimum number of days stated in the APPLICATION before permitting any redemptions or withdrawals,
        issuing any shares or paying any dividends with respect to such <B>Items of Deposit</B>.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Items of Deposit </B>shall not be deemed uncollectible until the ASSURED'S standard
        collection procedures have failed.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: bottom">
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 20%"><I>Audit Expense</I></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: left; font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; width: 5%">11.</TD>
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 75%">Expense incurred by the ASSURED for that part
        of the cost of audits or examinations required by any governmental regulatory authority or self-regulatory organization to be conducted
        by such authority, organization or their appointee by reason of the discovery of loss sustained by the ASSURED and covered by this Bond.</TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1pt"><B><I>General Agreements</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Additional Companies Included As Assured</I></FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">A.</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">If more than one corporation, or <B>Investment Company</B>, or any
        combination of them is included as the ASSURED herein:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 70%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(1)</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The total liability of the COMPANY under this Bond for loss or losses sustained
        by any one or more or all of them shall not exceed the limit for which the COMPANY would be liable under this Bond if all such loss were
        sustained by any one of them.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(2)</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Only the first named ASSURED shall be deemed to be the sole agent of the others
        for all purposes under this Bond, including but not limited to the giving or receiving of any notice or proof required to be given and
        for the purpose of effecting or accepting any amendments to or termination of this Bond. The COMPANY shall furnish each <B>Investment
        Company</B> with a copy of the Bond and with any amendment thereto, together with a copy of each formal filing of claim by any other named
        ASSURED and notification of the terms of the settlement of each such claim prior to the execution of such settlement.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(3)</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The COMPANY shall not be responsible for the proper application of any payment
        made hereunder to the first named ASSURED.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(4)</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Knowledge possessed or discovery made by any partner, director, trustee, officer
        or supervisory employee of any ASSURED shall constitute knowledge or discovery by all the ASSUREDS for the purposes of this Bond.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(5)</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">If the first named ASSURED ceases for any reason to be covered under this Bond,
        then the ASSURED next named on the APPLICATION shall thereafter be considered as the first named ASSURED for the purposes of this Bond.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Representation Made By Assured</I></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">B.</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The ASSURED represents that all
        information it has furnished in the APPLICATION for this Bond or otherwise is complete, true and correct. Such APPLICATION and other information
        constitute part of this Bond.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The ASSURED must promptly notify the COMPANY of any change in any
        fact or circumstance which materially affects the risk assumed by the COMPANY under this Bond.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Any intentional misrepresentation, omission, concealment or incorrect
        statement of a material fact, in the APPLICATION or otherwise, shall be grounds for recision of this Bond.</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="border-top: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD STYLE="width: 33%"><P STYLE="margin: 0; font: 10pt Calibri, Helvetica, Sans-Serif">ICAP Bond (5-98)</P></TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%"></TD></TR><TR STYLE="font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD>Form 17-02-1421 (Ed. 5-98)</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --> of 19</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1pt"><B><I>General Agreements</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1pt"><I>(continued)</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 20%"><I>Additional Offices Or Employees - Consolidation, Merger Or Purchase Or</I></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">C.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-right: 2pt; width: 75%">If the ASSURED, other than an <B>Investment
        Company</B>, while this Bond is in force, merges or consolidates with, or purchases or acquires assets or liabilities of another institution,
        the ASSURED shall not have the coverage afforded under this Bond for loss which has:</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD rowspan="2" STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif; width: 20%"><I>Acquisition Of Assets Or</I> <I>Liabilities - Notice
        To Company</I></TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif; width: 5%"></TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">(1)</TD>
    <TD STYLE="padding-bottom: 10pt; padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif; width: 70%">occurred or will occur on premises, or</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">

    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">(2)</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">been caused or will be caused by an employee, or</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">(3)</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">arisen or will arise out of the assets or liabilities,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">of such institution, unless the ASSURED:</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-right: 0">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">a.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-right: 0">gives the COMPANY written notice of the proposed
        consolidation, merger or purchase or acquisition of assets or liabilities prior to the proposed effective date of such action, and</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-right: 0">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">b.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0">obtains the written consent of the COMPANY to extend some or all of
        the coverage provided by this Bond to such additional exposure, and</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">c.</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">on obtaining such consent, pays to the COMPANY an additional premium.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Change Of Control - Notice To Company</I></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">D.</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">When the ASSURED learns of a change
        in control (other than in an <B>Investment Company</B>), as set forth in Section 2(a) (9) of the Investment Company Act of 1940, the ASSURED
        shall within sixty (60) days give written notice to the COMPANY setting forth:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(1)</FONT></TD>
    <TD STYLE="width: 70%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the names of the transferors and transferees (or the names
        of the beneficial owners if the voting securities are registered in another name),</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(2)</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the total number of voting securities owned by the transferors and the transferees
        (or the beneficial owners), both immediately before and after the transfer, and</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(3)</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the total number of outstanding voting securities.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Failure to give the required notice shall result in termination of
        coverage for any loss involving a transferee, to be effective on the date of such change in control.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Court Costs And Attorneys&rsquo; Fees</I></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">E.</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The COMPANY will indemnify the
        ASSURED for court costs and reasonable attorneys' fees incurred and paid by the ASSURED in defense, whether or not successful, whether
        or not fully litigated on the merits and whether or not settled, of any claim, suit or legal proceeding with respect to which the ASSURED
        would be entitled to recovery under this Bond. However, with respect to INSURING CLAUSE 1., this Section shall only apply in the event
        that:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(1)</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">an <B>Employee</B> admits to being guilty of <B>Larceny or Embezzlement</B>,</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(2)</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">an <B>Employee</B> is adjudicated to be guilty of <B>Larceny or Embezzlement</B>,
        or</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="border-top: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD STYLE="width: 33%"><P STYLE="margin: 0; font: 10pt Calibri, Helvetica, Sans-Serif">ICAP Bond (5-98)</P></TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%"></TD></TR><TR STYLE="font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD>Form 17-02-1421 (Ed. 5-98)</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --> of 19</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>General Agreements</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 20%"><I>Court Costs And Attorneys&rsquo; Fees (continued)</I></TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">(3)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 70%">in the absence of 1 or 2 above, an arbitration panel
        agrees, after a review of an agreed statement of facts between the COMPANY and the ASSURED, that an <B>Employee</B> would be found guilty
        of <B>Larceny or Embezzlement</B> if such <B>Employee</B> were prosecuted.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 25%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 75%; text-align: justify">The ASSURED shall promptly give notice to the COMPANY
        of any such suit or legal proceeding and at the request of the COMPANY shall furnish copies of all pleadings and pertinent papers to the
        COMPANY. The COMPANY may, at its sole option, elect to conduct the defense of all or part of such legal proceeding. The defense by the
        COMPANY shall be in the name of the ASSURED through attorneys selected by the COMPANY. The ASSURED shall provide all reasonable information
        and assistance as required by the COMPANY for such defense.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">If the COMPANY declines to defend the ASSURED, no settlement without
        the prior written consent of the COMPANY nor judgment against the ASSURED shall determine the existence, extent or amount of coverage
        under this Bond.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">If the amount demanded in any such suit or legal proceeding is within
        the DEDUCTIBLE AMOUNT, if any, the COMPANY shall have no liability for court costs and attorney's fees incurred in defending all or part
        of such suit or legal proceeding.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">If the amount demanded in any such suit or legal proceeding is in
        excess of the LIMIT OF LIABILITY stated in ITEM 2. of the DECLARATIONS for the applicable INSURING CLAUSE, the COMPANY'S liability for
        court costs and attorney's fees incurred in defending all or part of such suit or legal proceedings is limited to the proportion of such
        court costs and attorney's fees incurred that the LIMIT OF LIABILITY stated in ITEM 2. of the DECLARATIONS for the applicable INSURING
        CLAUSE bears to the total of the amount demanded in such suit or legal proceeding.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">If the amount demanded is any such suit or legal proceeding is in
        excess of the DEDUCTIBLE AMOUNT, if any, but within the LIMIT OF LIABILITY stated in ITEM 2. of the DECLARATIONS for the applicable INSURING
        CLAUSE, the COMPANY'S liability for court costs and attorney's fees incurred in defending all or part of such suit or legal proceedings
        shall be limited to the proportion of such court costs or attorney's fees that the amount demanded that would be payable under this Bond
        after application of the DEDUCTIBLE AMOUNT, bears to the total amount demanded.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Amounts paid by the COMPANY for court costs and attorneys' fees shall be in addition to
        the LIMIT OF LIABILITY stated in ITEM 2. of the DECLARATIONS.</TD></TR>
  </TABLE>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="border-top: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD STYLE="width: 33%"><P STYLE="margin: 0; font: 10pt Calibri, Helvetica, Sans-Serif">ICAP Bond (5-98)</P></TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%"></TD></TR><TR STYLE="font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD>Form 17-02-1421 (Ed. 5-98)</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --> of 19</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>Conditions and Limitations</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%">
  <TR STYLE="vertical-align: top; text-align: justify">
    <TD STYLE="width: 20%; text-align: left"><I>Definitions</I></TD>
    <TD STYLE="text-align: justify; width: 5%">1.</TD>
    <TD STYLE="text-align: justify; width: 75%">&#9;As used in this Bond:</TD> </TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 25%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">a.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 70%"><B>Computer System </B>means a computer and all input,
        output, processing, storage, off-line media libraries, and communication facilities which are connected to the computer and which are
        under the control and supervision of the operating system(s) or application(s) software used by the ASSURED.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">b.</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt"><B>Counterfeit </B>means an imitation of an actual
        valid original which is intended to deceive and be taken as the original.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">c.</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif"><B>Custodian </B>means the institution designated by an <B>Investment
        Company </B>to maintain possession and control of its assets.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">d.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><B>Customer </B>means an individual, corporate, partnership, trust
        customer, shareholder or subscriber of an <B>Investment Company</B> which has a written agreement with the ASSURED for <B>Voice Initiated
        Funds Transfer Instruction</B>.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">e.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Employee </B>means:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 30%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">(1)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 65%">an officer of the ASSURED,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(2)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">a natural person while in the regular service of the ASSURED at any
        of the ASSURED'S premises and compensated directly by the ASSURED through its payroll system and subject to the United States Internal
        Revenue Service Form W-2 or equivalent income reporting plans of other countries, and whom the ASSURED has the right to control and direct
        both as to the result to be accomplished and details and means by which such result is accomplished in the performance of such service,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(3)</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt">a guest student pursuing studies or performing
        duties in any of the ASSURED'S premises,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(4)</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt">an attorney retained by the ASSURED and an employee
        of such attorney while either is performing legal services for the ASSURED,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(5)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-right: 1pt">a natural person provided by an employment contractor
        to perform employee duties for the ASSURED under the ASSURED'S supervision at any of the ASSURED'S premises,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(6)</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt">an employee of an institution merged or consolidated
        with the ASSURED prior to the effective date of this Bond,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(7)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">a director or trustee of the ASSURED, but only while performing acts
        within the scope of the customary and usual duties of any officer or other employee of the ASSURED or while acting as a member of any
        committee duly elected or appointed to examine or audit or have custody of or access to <B>Property</B> of the ASSURED, or</TD></TR>
  </TABLE>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="border-top: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD STYLE="width: 33%"><P STYLE="margin: 0; font: 10pt Calibri, Helvetica, Sans-Serif">ICAP Bond (5-98)</P></TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%"></TD></TR><TR STYLE="font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD>Form 17-02-1421 (Ed. 5-98)</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --> of 19</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 40.75pt 0 0"><B><I>Conditions and Limitations</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 30%"><I>Definitions (continued)</I></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">(8)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 65%">each natural person, partnership or corporation authorized
        by written agreement with the ASSURED to perform services as electronic data processor of checks or other accounting records related to
        such checks but only while such person, partnership or corporation is actually performing such services and not:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 35%"></TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">a.</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0; width: 60%">creating, preparing, modifying or maintaining
        the ASSURED'S computer software or programs, or</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">b.</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0">acting as transfer agent or in any other agency
        capacity in issuing checks, drafts or securities for the ASSURED,</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif; width: 30%"></TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">(9)</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 65%">any partner, officer or employee of
        an investment advisor, an underwriter (distributor), a transfer agent or shareholder accounting recordkeeper, or an administrator, for
        an <B>Investment Company</B> while performing acts coming within the scope of the customary and usual duties of an officer or employee
        of an <B>Investment Company</B> or acting as a member of any committee duly elected or appointed to examine, audit or have custody of
        or access to <B>Property </B>of <B>an Investment Company</B>.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">The term <B>Employee</B> shall not include any partner,
        officer or employee of a transfer agent, shareholder accounting recordkeeper or administrator:</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif; width: 35%"></TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">a.</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 60%">which is not an "affiliated person"
        (as defined in Section 2(a) of the Investment Company Act of 1940) of an <B>Investment Company</B> or of the investment advisor or underwriter
        (distributor) of such <B>Investment Company</B>, or</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">b.</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0">which is a "bank" (as defined in Section 2(a) of
        the Investment Company Act of 1940).</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0">This Bond does not afford coverage in favor of
        the employers of persons as set forth in e. (4), (5) and (8) above, and upon payment to the ASSURED by the COMPANY resulting directly
        from <B>Larceny or Embezzlement </B>committed by any of the partners, officers or employees of such employers, whether acting alone or
        in collusion with others, an assignment of such of the ASSURED'S rights and causes of action as it may have against such employers by
        reason of such acts so committed shall, to the extent of such payment, be given by the ASSURED to the COMPANY, and the ASSURED shall execute
        all papers necessary to secure to the COMPANY the rights provided for herein.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">Each employer of persons as set forth in e.(4), (5) and
        (8) above and the partners, officers and other employees of such employers shall collectively be deemed to be one person for all the purposes
        of this Bond; excepting, however, the fifth paragraph of Section 13.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 0; font: 10pt Arial, Helvetica, Sans-Serif">Independent contractors not specified in e.(4), (5) or (8)
        above, intermediaries, agents, brokers or other representatives of the same general character shall not be considered <B>Employees</B>.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="border-top: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD STYLE="width: 33%"><P STYLE="margin: 0; font: 10pt Calibri, Helvetica, Sans-Serif">ICAP Bond (5-98)</P></TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%"></TD></TR><TR STYLE="font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD>Form 17-02-1421 (Ed. 5-98)</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --> of 19</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>Conditions and Limitations</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 25%; text-align: justify"><I>Definitions (continued)</I></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%; text-align: justify">f.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 70%; text-align: justify"><B>Forgery </B>means the signing of the name of another
        natural person with the intent to deceive but does not mean a signature which consists in whole or in part of one's own name, with or
        without authority, in any capacity for any purpose.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">g.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><B>Investment Company </B>means any investment company registered
        under the Investment Company Act of 1940 and listed under the NAME OF ASSURED on the DECLARATIONS.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">h.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><B>Items of Deposit </B>means one or more checks or drafts drawn
        upon a financial institution in the United States of America.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">i.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><B>Larceny or Embezzlement </B>means larceny or embezzlement as defined
        in Section 37 of the Investment Company Act of 1940.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">j.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><B>Property </B>means money, revenue and other stamps; securities;
        including any note, stock, treasury stock, bond, debenture, evidence of indebtedness, certificate of deposit, certificate of interest
        or participation in any profit-sharing agreement, collateral trust certificate, preorganization certificate or subscription, transferable
        share, investment contract, voting trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas,
        or other mineral rights, any interest or instruments commonly known as a security under the Investment Company Act of 1940, any other
        certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe
        to or purchase any of the foregoing; bills of exchange; acceptances; checks; withdrawal orders; money orders; travelers' letters of credit;
        bills of lading; abstracts of title; insurance policies, deeds, mortgages on real estate and/or upon chattels and interests therein; assignments
        of such policies, deeds or mortgages; other valuable papers, including books of accounts and other records used by the ASSURED in the
        conduct of its business (but excluding all electronic data processing records); and, all other instruments similar to or in the nature
        of the foregoing in which the ASSURED acquired an interest at the time of the ASSURED'S consolidation or merger with, or purchase of the
        principal assets of, a predecessor or which are held by the ASSURED for any purpose or in any capacity and whether so held gratuitously
        or not and whether or not the ASSURED is liable therefor.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">k.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><B>Relative </B>means the spouse of an <B>Employee </B>or partner
        of the ASSURED and any unmarried child supported wholly by, or living in the home of, such <B>Employee </B>or partner and being related
        to them by blood, marriage or legal guardianship.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">l.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><B>Securities, documents or other written instruments </B>means original
        (including original counterparts) negotiable or non-negotiable instruments, or assignments thereof, which in and of themselves represent
        an equitable interest, ownership, or debt and which are in the ordinary course of business transferable by delivery of such instruments
        with any necessary endorsements or assignments.</TD></TR>
  </TABLE>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="border-top: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD STYLE="width: 33%"><P STYLE="margin: 0; font: 10pt Calibri, Helvetica, Sans-Serif">ICAP Bond (5-98)</P></TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%"></TD></TR><TR STYLE="font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD>Form 17-02-1421 (Ed. 5-98)</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --> of 19</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 40.75pt 0 0"><B><I>Conditions and Limitations</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 40.75pt 0 0"><B><I>&nbsp;</I></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 25%"><I>Definitions (continued)</I></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">m.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-right: 1pt; width: 70%"><B>Subsidiary </B>means any organization
        that, at the inception date of this Bond, is named in the APPLICATION or is created during the BOND PERIOD and of which more than fifty
        percent (50%) of the outstanding securities or voting rights representing the present right to vote for election of directors is owned
        or controlled by the ASSURED either directly or through one or more of its subsidiaries.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 25%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">n.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-right: 1pt; width: 70%"><B>Transportation Company </B>means
        any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express
        services.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 25%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">o.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 70%"><B>Voice Initiated Election </B>means any election concerning
        dividend options available to <B>Investment Company</B> shareholders or subscribers which is requested by voice over the telephone.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 25%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">p.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt; width: 70%"><B>Voice Initiated Redemption </B>means any redemption
        of shares issued by an <B>Investment Company </B>which is requested by voice over the telephone.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 25%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">q.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 70%"><B>Voice Initiated Funds Transfer Instruction </B>means any <B>Voice Initiated
        Redemption </B>or <B>Voice Initiated Election</B>.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif">For the purposes of these definitions, the singular includes the plural and
        the plural includes the singular, unless otherwise indicated.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 20%"><I>General Exclusions - </I></TD>
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">2.</TD>
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 75%"><B>This bond does not directly or indirectly
        cover:</B></TD></TR>
  </TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%"><I>Applicable to All Insuring Clauses</I></TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%"><P STYLE="margin-top: 0; margin-bottom: 0"></P>
                          <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>
                          <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT></P></TD>
    <TD STYLE="padding-right: 1pt; width: 70%"><P STYLE="margin-top: 0; margin-bottom: 0"></P>
                                               <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>
                                               <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss not reported to the COMPANY in writing within sixty (60) days after termination of this Bond as an entirety;</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss due to riot or civil commotion outside the United
        States of America and Canada, or any loss due to military, naval or usurped power, war or insurrection. This Section 2.b., however, shall
        not apply to loss which occurs in transit in the circumstances recited in INSURING CLAUSE 3., provided that when such transit was initiated
        there was no knowledge on the part of any person acting for the ASSURED of such riot, civil commotion, military, naval or usurped power,
        war or insurrection;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">c.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss resulting from the effects of nuclear fission or fusion or radioactivity;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">d.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss of potential income including, but not limited to, interest and dividends
        not realized by the ASSURED or by any customer of the ASSURED;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">e.</FONT></TD>
    <TD STYLE="text-align: justify; padding-right: 1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">damages of any type for which
        the ASSURED is legally liable, except compensatory damages, but not multiples thereof, arising from a loss covered under this Bond;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">f.</FONT></TD>
    <TD STYLE="text-align: justify; padding-right: 1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">costs, fees and expenses incurred
        by the ASSURED in establishing the existence of or amount of loss under this Bond, except to the extent covered under INSURING CLAUSE
        11.;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">g.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss resulting from indirect or consequential loss of any nature;</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>Conditions and Limitations</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 20%"><I>General Exclusions - Applicable to All Insuring Clauses </I></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">h.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 70%">loss resulting from dishonest acts by any member of the
        Board of Directors or Board of Trustees of the ASSURED who is not an <B>Employee</B>, acting alone or in collusion with others;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><I>(continued)</I></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">i.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt">loss, or that part of any loss, resulting solely from any violation
        by the ASSURED or by any <B>Employee</B>:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 30%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">(1)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 65%">of any law regulating:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 35%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">a.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 60%">the issuance, purchase or sale of securities,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">b.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt">securities transactions on security or commodity exchanges or the
        over the counter market,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">c.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">investment companies,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">d.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">investment advisors, or</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 30%"></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(2)</FONT></TD>
    <TD STYLE="width: 65%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">of any rule or regulation made pursuant to any such law; or</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%"></TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">j.</FONT></TD>
    <TD STYLE="width: 70%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss of confidential information, material or data;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">k.</FONT></TD>
    <TD STYLE="text-align: justify; padding-right: 1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss resulting from voice requests
        or instructions received over the telephone, provided however, this Section 2.k. shall not apply to INSURING CLAUSE 7. or 9.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 1pt 0 0.25pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 20%"><I>Specific Exclusions - </I></TD>
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">3.</TD>
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 75%"><B>This Bond does not directly or indirectly
        cover:</B></TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%"><I>Applicable To All Insuring Clauses Except Insuring Clause 1.</I></TD>
    <TD STYLE="width: 5%"></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT></TD>
    <TD STYLE="text-align: justify; width: 70%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss caused by an <B>Employee</B>, provided,
        however, this Section 3.a. shall not apply to loss covered under INSURING CLAUSE 2. or 3. which results directly from misplacement, mysterious
        unexplainable disappearance, or damage or destruction of <B>Property</B>;</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%"></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b.</FONT></TD>
    <TD STYLE="width: 70%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss through the surrender of property away from premises of
        the ASSURED as a result of a threat:</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 30%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">(1)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; width: 65%">to do bodily harm to any natural person, except loss
        of <B>Property</B> in transit in the custody of any person acting as messenger of the ASSURED, provided that when such transit was initiated
        there was no knowledge by the ASSURED of any such threat, and provided further that this Section 3.b. shall not apply to INSURING CLAUSE
        7., or</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(2)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">to do damage to the premises or <B>Property</B> of the ASSURED;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%"></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">c.</FONT></TD>
    <TD STYLE="padding-right: 1pt; width: 70%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss resulting from payments made or withdrawals
        from any account involving erroneous credits to such account;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">d.</FONT></TD>
    <TD STYLE="text-align: justify; padding-right: 1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss involving <B>Items of Deposit</B>
        which are not finally paid for any reason provided however, that this Section 3.d. shall not apply to INSURING CLAUSE 10.;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">e.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss of property while in the mail;</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>Conditions and Limitations</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Specific Exclusions - Applicable To All Insuring Clauses
        Except Insuring Clause 1.<BR> (continued)</I></FONT></TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">f.</FONT></TD>
    <TD STYLE="text-align: justify; width: 70%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss resulting from the failure for any
        reason of a financial or depository institution, its receiver or other liquidator to pay or deliver funds or other <B>Property </B>to
        the ASSURED provided further that this Section 3.f. shall not apply to loss of <B>Property</B> resulting directly from robbery, burglary,
        misplacement, mysterious unexplainable disappearance, damage, destruction or removal from the possession, custody or control of the ASSURED.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">g.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss of <B>Property</B> while in the custody of a
        <B>Transportation Company</B>, provided however, that this Section 3.g. shall not apply to INSURING CLAUSE 3.;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">h.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss resulting from entries or changes made by a natural
        person with authorized access to a <B>Computer System</B> who acts in good faith on instructions, unless such instructions are given to
        that person by a software contractor or its partner, officer, or employee authorized by the ASSURED to design, develop, prepare, supply,
        service, write or implement programs for the ASSURED's <B>Computer System</B>; or</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">i.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss resulting directly or indirectly from the input
        of data into a <B>Computer System </B>terminal, either on the premises of the customer of the ASSURED or under the control of such a customer,
        by a customer or other person who had authorized access to the customer's authentication mechanism.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; width: 20%"><I>Specific Exclusions - </I></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">4.</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 75%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>This bond does not directly
        or indirectly cover:</B></FONT></TD></TR>
  </TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%"><I>Applicable To All Insuring Clauses Except Insuring Clauses 1., 4., And 5.</I></TD>
    <TD STYLE="width: 5%"></TD>
    <TD STYLE="width: 5%"><P STYLE="margin-top: 0; margin-bottom: 0"></P>
                          <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>
                          <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT></P></TD>
    <TD STYLE="text-align: justify; width: 70%"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></P>
                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss resulting from the complete or partial non-payment of or default on any loan whether such loan was procured in good faith or through trick, artifice, fraud or false pretenses; provided, however, this Section 4.a. shall not apply to INSURING CLAUSE 8.;</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss resulting from forgery or any alteration;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">c.</FONT></TD>
    <TD STYLE="padding-right: 1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">loss involving a counterfeit provided, however, this
        Section 4.c. shall not apply to INSURING CLAUSE 5. or 6.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Limit Of Liability/Non- Reduction And Non-
        Accumulation Of Liability</I></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">5.</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: justify; border-top: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">At all times
        prior to termination of this Bond, this Bond shall continue in force for the limit stated in the applicable sections of ITEM 2. of the
        DECLARATIONS, notwithstanding any previous loss for which the COMPANY may have paid or be liable to pay under this Bond provided, however,
        that the liability of the COMPANY under this Bond with respect to all loss resulting from:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT></TD>
    <TD STYLE="text-align: justify; width: 70%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">any one act of burglary, robbery or hold-up,
        or attempt thereat, in which no <B>Employee </B>is concerned or implicated, or</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">any one unintentional or negligent act on the part
        of any one person resulting in damage to or destruction or misplacement of <B>Property</B>, or</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">c.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">all acts, other than those specified in a. above,
        of any one person, or</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 40.75pt 0 0"><B><I>Conditions and Limitations</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%"><I>Limit Of Liability/Non-</I></TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">d.</FONT></TD>
    <TD STYLE="text-align: justify; width: 70%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">any one casualty or event other than those
        specified in a., b., or c. above,</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><I>Reduction And Non-Accumulation Of Liability (continued)</I></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">shall be deemed to be one loss and shall be limited to the applicable LIMIT OF LIABILITY stated
        in ITEM 2. of the DECLARATIONS of this Bond irrespective of the total amount of such loss or losses and shall not be cumulative in amounts
        from year to year or from period to period.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">All acts, as specified in c. above, of any one person which</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%"></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">i.</FONT></TD>
    <TD STYLE="text-align: justify; padding-right: 1pt; width: 70%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">directly or indirectly
        aid in any way wrongful acts of any other person or persons, or</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify; padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ii.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">permit the continuation of wrongful acts of any other
        person or persons</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">whether such acts are committed with or without the knowledge of the wrongful acts of the person
        so aided, and whether such acts are committed with or without the intent to aid such other person, shall be deemed to be one loss with
        the wrongful acts of all persons so aided.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif"><I>Discovery</I></TD>
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">6.</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">This Bond applies only to
        loss first discovered by an officer of the ASSURED during the BOND PERIOD. Discovery occurs at the earlier of an officer of the ASSURED
        being aware of:</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 20%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; width: 70%">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif">a.</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif">facts which may subsequently result in a loss of a type covered by
        this Bond, or</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif">b.</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif">an actual or potential claim in which it is alleged that the ASSURED
        is liable to a third party,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt">regardless of when the act or acts
        causing or contributing to such loss occurred, even though the amount of loss does not exceed the applicable DEDUCTIBLE AMOUNT, or the
        exact amount or details of loss may not then be known.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; width: 20%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Notice To Company - Proof -
        Legal Proceedings Against Company</I></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">7.</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: justify; width: 70%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The ASSURED
        shall give the COMPANY notice thereof at the earliest practicable moment, not to exceed sixty (60) days after discovery of loss, in an
        amount that is in excess of 50% of the applicable DEDUCTIBLE AMOUNT, as stated in ITEM 2. of the DECLARATIONS.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The ASSURED shall furnish to the COMPANY proof of
        loss, duly sworn to, with full particulars within six (6) months after such discovery.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">c.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Securities listed in a proof of loss shall be identified
        by certificate or bond numbers, if issued with them.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">d.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Legal proceedings for the recovery of any loss under
        this Bond shall not be brought prior to the expiration of sixty (60) days after the proof of loss is filed with the COMPANY or after the
        expiration of twenty-four (24) months from the discovery of such loss.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">e.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">This Bond affords coverage only in favor of the ASSURED.
        No claim, suit, action or legal proceedings shall be brought under this Bond by anyone other than the ASSURED.</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="border-top: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD STYLE="width: 33%"><P STYLE="margin: 0; font: 10pt Calibri, Helvetica, Sans-Serif">ICAP Bond (5-98)</P></TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%"></TD></TR><TR STYLE="font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD>Form 17-02-1421 (Ed. 5-98)</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --> of 19</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1pt"><B><I>Conditions and Limitations</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 20%"><I>Notice To Company - Proof - Legal Proceedings Against Company (continued)</I></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">f.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 70%">Proof of loss involving <B>Voice Initiated Funds Transfer Instruction</B>
        shall include electronic recordings of such instructions.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif"><I>Deductible Amount</I></TD>
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">8.</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">The COMPANY shall not be
        liable under any INSURING CLAUSES of this Bond on account of loss unless the amount of such loss, after deducting the net amount of all
        reimbursement and/or recovery obtained or made by the ASSURED, other than from any Bond or policy of insurance issued by an insurance
        company and covering such loss, or by the COMPANY on account thereof prior to payment by the COMPANY of such loss, shall exceed the DEDUCTIBLE
        AMOUNT set forth in ITEM 3. of the DECLARATIONS, and then for such excess only, but in no event for &nbsp;more than the applicable LIMITS
        OF LIABILITY stated in ITEM 2. of the DECLARATIONS.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif">There shall be no deductible applicable to any loss under
        INSURING CLAUSE 1. sustained by any <B>Investment Company</B>.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif"><I>Valuation</I></TD>
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">9.</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif"><B>BOOKS OF ACCOUNT OR OTHER RECORDS</B></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 25%; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 75%; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The
        value of any loss of <B>Property</B> consisting of books of account or other records used by the ASSURED in the conduct of its business
        shall be the amount paid by the ASSURED for blank books, blank pages, or other materials which replace the lost books of account or other
        records, plus the cost of labor paid by the ASSURED for the actual transcription or copying of data to reproduce such books of account
        or other records.</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The
        value of any loss of <B>Property</B> other than books of account or other records used by the ASSURED in the conduct of its business,
        for which a claim is made shall be determined by the average market value of such <B>Property</B> on the business day immediately preceding
        discovery of such loss provided, however, that the value of any <B>Property</B> replaced by the ASSURED with the consent of the COMPANY
        and prior to the settlement of any claim for such <B>Property</B> shall be the actual market value at the time of replacement.</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">In
        the case of a loss of interim certificates, warrants, rights or other securities, the production of which is necessary to the exercise
        of subscription, conversion, redemption or deposit privileges, the value of them shall be the market value of such privileges immediately
        preceding their expiration if said loss is not discovered until after their expiration. If no market price is quoted for such <B>Property</B>
        or for such privileges, the value shall be fixed by agreement between the parties.</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>OTHER PROPERTY</B></FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The
        value of any loss of <B>Property</B>, other than as stated above, shall be the actual cash value or the cost of repairing or replacing
        such <B>Property</B> with <B>Property</B> of like quality and value, whichever is less.</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="border-top: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD STYLE="width: 33%"><P STYLE="margin: 0; font: 10pt Calibri, Helvetica, Sans-Serif">ICAP Bond (5-98)</P></TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%"></TD></TR><TR STYLE="font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD>Form 17-02-1421 (Ed. 5-98)</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --> of 19</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>Conditions and Limitations</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><I>(continued)</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%">
  <TR STYLE="vertical-align: top; text-align: justify">
    <TD STYLE="width: 20%; text-align: left"><I>Securities Settlement</I></TD>
    <TD STYLE="width: 5%">10.</TD>
    <TD STYLE="text-align: justify; width: 75%">In the event of a loss of securities covered under this Bond, the COMPANY may, at its sole discretion,
        purchase replacement securities, tender the value of the securities in money, or issue its indemnity to effect replacement securities.</TD>
        </TR>
  <TR STYLE="vertical-align: top; text-align: justify">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; text-align: justify">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">The indemnity required from the ASSURED under the terms of this Section against all loss, cost or expense
        arising from the replacement of securities by the COMPANY'S indemnity shall be:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 25%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">a.</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt; width: 70%">for securities having a value less
        than or equal to the applicable DEDUCTIBLE AMOUNT - one hundred (100%) percent;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">b.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">for securities having a value in excess of the DEDUCTIBLE AMOUNT
        but within the applicable LIMIT OF LIABILITY - the percentage that the DEDUCTIBLE AMOUNT bears to the value of the securities;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">c.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-right: 1pt">for securities having a value greater than the
        applicable LIMIT OF LIABILITY - the percentage that the DEDUCTIBLE AMOUNT and portion in excess of the applicable LIMIT OF LIABILITY bears
        to the value of the securities.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 25%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 75%; text-align: justify">The value referred to in Section 10.a., b., and c. is
        the value in accordance with Section 9, Valuation, regardless of the value of such securities at the time the loss under the COMPANY'S
        indemnity is sustained.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">The COMPANY is not required to issue its indemnity for any portion
        of a loss of securities which is not covered by this Bond; however, the COMPANY may do so as a courtesy to the ASSURED and at its sole
        discretion.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">The ASSURED shall pay the proportion of the Company's premium charge
        for the Company's indemnity as set forth in Section 10.a., b., and c. No portion of the LIMIT OF LIABILITY shall be used as payment of
        premium for any indemnity purchased by the ASSURED to obtain replacement securities.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; width: 20%">
        <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Subrogation - Assignment &ndash;&nbsp;</I></FONT></P>
        <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Recovery</I></FONT></P></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">11.</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: justify; width: 75%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In the event
        of a payment under this Bond, the COMPANY shall be subrogated to all of the ASSURED'S rights of recovery against any person or entity
        to the extent of such payment. On request, the ASSURED shall deliver to the COMPANY an assignment of the ASSURED'S rights, title and interest
        and causes of action against any person or entity to the extent of such payment.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 1pt">&nbsp;</TD>
    <TD STYLE="padding-right: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; padding-right: 1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Recoveries, whether effected by
        the COMPANY or by the ASSURED, shall be applied net of the expense of such recovery in the following order:</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%"></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT></TD>
    <TD STYLE="text-align: justify; width: 70%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">first, to the satisfaction of the ASSURED'S
        loss which would otherwise have been paid but for the fact that it is in excess of the applicable LIMIT OF LIABILITY,</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">second, to the COMPANY in satisfaction of amounts
        paid in settlement of the ASSURED'S claim,</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">c.</FONT></TD>
    <TD STYLE="text-align: justify; padding-right: 1pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">third, to the ASSURED in satisfaction
        of the applicable DEDUCTIBLE AMOUNT, and</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 49pt 0 0"><B><I>Conditions and Limitations</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 20%"><I>Subrogation - Assignment &ndash; Recovery (continued)</I></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">d.</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 1pt; width: 70%">fourth, to the ASSURED in satisfaction
        of any loss suffered by the ASSURED which was not covered under this Bond.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif">Recovery from reinsurance or indemnity of the COMPANY
        shall not be deemed a recovery under this section.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 20%"><I>Cooperation Of Assured</I></TD>
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">12.</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; width: 75%">At the COMPANY'S request
        and at reasonable times and places designated by the COMPANY, the ASSURED shall:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 25%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">a.</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif; width: 70%">submit to examination by the COMPANY and subscribe to
        the same under oath,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">b.</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif">produce for the COMPANY'S examination all pertinent records, and</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">c.</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif">cooperate with the COMPANY in all matters pertaining to the loss.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify; font: 10pt Arial, Helvetica, Sans-Serif">The ASSURED shall execute all papers and render assistance
        to secure to the COMPANY the rights and causes of action provided for under this Bond. The ASSURED shall do nothing after loss to prejudice
        such rights or causes of action.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>Termination</I></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">13.</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">If the Bond
        is for a sole ASSURED, it shall not be terminated unless written notice shall have been given by the acting party to the affected party
        and to the Securities and Exchange Commission, Washington, D.C., not less than sixty (60) days prior to the effective date of such termination.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 70%; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">If the Bond is for a joint ASSURED, it
        shall not be terminated unless written notice shall have been given by the acting party to the affected party, and by the COMPANY to all
        ASSURED <B>Investment Companies</B> and to the Securities and Exchange Commission, Washington, D.C., not less than sixty (60) days prior
        to the effective date of such termination.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">This Bond will terminate as to any one
        ASSURED, other than an <B>Investment Company</B>:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; width: 20%">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 5%">&nbsp;</TD>
    <TD STYLE="text-align: justify; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT></TD>
    <TD STYLE="text-align: justify; width: 70%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">immediately on the taking over of such
        ASSURED by a receiver or other liquidator or by State or Federal officials, or</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b.</FONT></TD>
    <TD STYLE="padding-right: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">immediately on the filing of a
        petition under any State or Federal statute relative to bankruptcy or reorganization of the ASSURED, or assignment for the benefit of
        creditors of the ASSURED, or</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">c.</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">immediately upon such ASSURED ceasing to exist, whether
        through merger into another entity, disposition of all of its assets or otherwise.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-right: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The COMPANY shall
        refund the unearned premium computed at short rates in accordance with the standard short rate cancellation tables if terminated by the
        ASSURED or pro rata if terminated for any other reason.</FONT></TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 23; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="border-top: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD STYLE="width: 33%"><P STYLE="margin: 0; font: 10pt Calibri, Helvetica, Sans-Serif">ICAP Bond (5-98)</P></TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%"></TD></TR><TR STYLE="font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD>Form 17-02-1421 (Ed. 5-98)</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --> of 19</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 40.75pt 0 1pt"><B><I>Conditions and Limitations</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 40.75pt 0 1pt"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"> </P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; width: 100%">
  <TR STYLE="vertical-align: top; text-align: justify">
    <TD STYLE="width: 20%; text-align: left"><I>Termination (continued)</I></TD>
    <TD STYLE="width: 5%"></TD>
    <TD STYLE="text-align: justify; width: 75%">If any partner, director, trustee, or officer or supervisory employee of an ASSURED not acting
        in collusion with an <B>Employee</B> learns of any dishonest act committed by such <B>Employee</B> at any time, whether in the employment
        of the ASSURED or otherwise, whether or not such act is of the type covered under this Bond, and whether against the ASSURED or any other
        person or entity, the ASSURED:</TD> </TR>
  <TR STYLE="vertical-align: top; text-align: justify">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; margin-top: 0; margin-bottom: 0">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 25%"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">a.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-right: 1pt; width: 70%">shall immediately remove such <B>Employee</B>
        from a position that would enable such <B>Employee </B>to cause the ASSURED to suffer a loss covered by this Bond; and</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif"></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">b.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-right: 1pt">within forty-eight (48) hours of learning that
        an <B>Employee</B> has committed any dishonest act, shall notify the COMPANY, of such action and provide full particulars of such dishonest
        act.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; padding-right: 1pt">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The COMPANY may terminate coverage as respects any <B>Employee</B> sixty (60)
        days after written notice is received by each ASSURED <B>Investment Company</B> and the Securities and Exchange Commission, Washington,
        D.C. of its desire to terminate this Bond as to such <B>Employee</B>.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid"><I>Other Insurance</I></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid">14.</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid; text-align: justify">Coverage under this Bond
        shall apply only as excess over any valid and collectible insurance, indemnity or suretyship obtained by or on behalf of:</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 20%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 5%; text-align: justify">a.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 70%; text-align: justify">the ASSURED,</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">b.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">a <B>Transportation Company</B>, or</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">c.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">another entity on whose premises the loss occurred or which employed
        the person causing the loss or engaged the messenger conveying the <B>Property </B>involved.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid"><I>Conformity</I></TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid">15.</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; border-top: Black 1pt solid; text-align: justify">If any limitation within
        this Bond is prohibited by any law controlling this Bond's construction, such limitation shall be deemed to be amended so as to equal
        the minimum period of limitation provided by such law.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif"><I>Change or Modification</I></TD>
    <TD STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">16.</TD>
    <TD COLSPAN="2" STYLE="border-top: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">This Bond or any instrument
        amending or affecting this Bond may not be changed or modified orally. No change in or modification of this Bond shall be effective except
        when made by written endorsement to this Bond signed by an authorized representative of the COMPANY.</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify">If this Bond is for a sole ASSURED, no change or modification
        which would adversely affect the rights of the ASSURED shall be effective prior to sixty (60) days after written notice has been furnished
        to the Securities and Exchange Commission, Washington, D.C., by the acting party.</TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 39pt 0 0"><B><I>Conditions And Limitations</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 39pt 0 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 39pt 0 0"><B><I> </I></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; width: 100%">
  <TR STYLE="vertical-align: top; text-align: justify">
    <TD STYLE="width: 20%; text-align: left"><I>Change or Modification (continued)</I></TD>
    <TD STYLE="width: 5%"></TD>
    <TD STYLE="text-align: justify; width: 75%">If this Bond is for a joint ASSURED, no charge or modification which would adversely affect the
        rights of the ASSURED shall be effective prior to sixty (60) days after written notice has been furnished to all insured <B>Investment
        Companies</B> and to the Securities and Exchange Commission, Washington, D.C., by the COMPANY. </TD> </TR>
  </TABLE>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="border-top: Black 1pt solid; font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD STYLE="width: 33%"><P STYLE="margin: 0; font: 10pt Calibri, Helvetica, Sans-Serif">ICAP Bond (5-98)</P></TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="text-align: right; width: 33%"></TD></TR><TR STYLE="font: 8pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left"><TD>Form 17-02-1421 (Ed. 5-98)</TD><TD STYLE="text-align: center">&nbsp;</TD><TD STYLE="text-align: right">Page <!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --> of 19</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ENDORSEMENT/RIDER</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Effective date of</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">this endorsement/rider: December 31, 2021&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FEDERAL
INSURANCE COMPANY</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">Endorsement/Rider No. 1</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">To be attached to and&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">form a part of Policy No. 81906724</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Issued to: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JOHN HANCOCK FUNDS</P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>COMPLIANCE WITH APPLICABLE TRADE SANCTION LAWS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">It is agreed that this insurance does not apply to the extent that trade
or economic sanctions or other similar laws or regulations prohibit the coverage provided by this insurance.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The title and any headings in this endorsement/rider are solely for convenience
and form no part of the terms and conditions of coverage.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">All other terms, conditions and limitations of this Policy shall remain
unchanged.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="width: 2%; font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="width: 48%; border-bottom: Black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt; color: #222222; background-color: white">/s/
        Paul N. Morrissette</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Authorized Representative </FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">14-02-9228 (2/2010)</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 1</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Silver 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.5in"><B>FEDERAL INSURANCE COMPANY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">Endorsement No:&#9;2</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">Bond Number:&#9;81906724</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
  <TR STYLE="border-bottom: Silver 0px solid; vertical-align: top; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt; width: 100%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">NAME
        OF ASSURED:&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JOHN HANCOCK
        FUNDS</FONT></TD></TR>
  <TR STYLE="border-bottom: Silver 0px solid; vertical-align: top; text-align: left">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>NAME OF ASSURED ENDORSEMENT</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">It is agreed that the NAME OF ASSURED in the DECLARATIONS is amended to
read as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 49pt 0 0"><B><U>JOHN HANCOCK FUNDS listed as the Named Assured on the Declarations
Page Includes the following and each of its series:</U></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Bond Trust</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock California Tax-Free Income Fund</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Capital Series</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Collateral Trust</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Current Interest</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Exchange-Traded Fund Trust</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Financial Opportunities Fund</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Funds II</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Funds III</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Hedged Equity &amp; Income Fund</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Income Securities Trust</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Investment Trust</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Investment Trust II</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Investors Trust</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Municipal Securities Trust</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Preferred Income Fund</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Preferred Income Fund II</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Preferred Income Fund III</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Premium Dividend Fund</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Sovereign Bond Fund</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Strategic Series</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: 10pt Calibri, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP Bond</FONT></TD>
    <TD STYLE="width: 50%; font: 10pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Calibri, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-0949 (Rev. 1-97)</FONT></TD>
    <TD STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 1</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Tax-Advantaged Dividend Income Fund</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Tax-Advantaged Global Shareholder Yield Fund</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>John Hancock Variable Insurance Trust</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This Endorsement applies to loss discovered after 12:01 a.m. on December
31, 2021.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Date: March 28, 2022</FONT></TD>
    <TD STYLE="width: 4%; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: left">By&nbsp;</TD>
    <TD STYLE="width: 46%; border-bottom: Black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt; color: #222222; background-color: white">/s/
        Paul N. Morrissette</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Authorized Representative </FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 333pt"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-0949 (Ed. 1-97)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 2</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in"><B>FEDERAL INSURANCE COMPANY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in">Endorsement No: 3</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in">Bond Number:&#9;81906724</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
  <TR STYLE="border-bottom: Silver 0px solid; vertical-align: top; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt; width: 100%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">NAME
        OF ASSURED:&#9;JOHN HANCOCK FUNDS</FONT></TD></TR>
  <TR STYLE="border-bottom: Silver 0px solid; vertical-align: top; text-align: left">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="text-align: center; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><B>TERMINATION-NONRENEWAL-NOTICE ENDORSEMENT</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">It is agreed that this Bond is amended as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 24.95pt">1.</TD>
    <TD STYLE="padding-right: 211pt">By adding to Section 13., Termination, the following: &ldquo;Termination By The Company</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt">Bonds In Effect For More Than Sixty (60) Days</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt; text-align: justify">If this Bond has been in effect for more than
sixty (60) days, or, if this Bond is a renewal, the COMPANY may terminate by providing written notice of cancellation at least sixty (60)
days before the effective date of termination for at least one of the following reasons:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">1.</TD>
    <TD>Nonpayment of premium;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 26.65pt"></TD>
    <TD STYLE="width: 24.05pt">2.</TD>
    <TD>Discovery of fraud or material misrepresentation in obtaining this Bond or in the presentation of a claim thereunder;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">3.</TD>
    <TD STYLE="text-align: justify">Discovery of willful or reckless acts or omissions or violation of any provision of this Bond on the part
        of the ASSURED which substantially and materially increases any hazard insured against, and which occurred subsequent to the inception
        of the current BOND PERIOD;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">4.</TD>
    <TD STYLE="padding-right: 1pt">Conviction of the ASSURED of a crime arising out of acts increasing the hazard insured against;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">5.</TD>
    <TD STYLE="text-align: justify">Material change in the risk which increases the risk of loss after insurance coverage has been issued or renewed,
        except to the extent that the COMPANY should reasonably have foreseen the change, or contemplated the risk when the contract was written;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">6.</TD>
    <TD STYLE="text-align: justify">Determination by the Commissioner that the continuation of the Bond would jeopardize a COMPANY&rsquo;S solvency
        or would place the COMPANY in violation of the insurance laws of any state;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">7.</TD>
    <TD>Determination by the Commissioner that continuation of the present premium volume of the COMPANY would jeopardize the COMPANY&rsquo;S
        policyholders, creditors or the public;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">8.</TD>
    <TD>Such other reasons that are approved by the Commissioner;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 27.75pt"></TD>
    <TD STYLE="width: 22.95pt">9.</TD>
    <TD>Determination by the Commissioner that the COMPANY no longer has adequate reinsurance to meet the ASSUREDS needs;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">10.</TD>
    <TD>Substantial breaches of contractual duties, conditions or warranties; or</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 50pt; text-indent: -24.75pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-1360 (Rev. 10-99)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 1</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">11.</TD>
    <TD>Unfavorable underwriting facts, specific to the ASSURED, existing that were not present at the inception of the Bond.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-1360 (Rev. 10-99)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 2</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt">Bonds In Effect Sixty (60) Days Or Less</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt; text-align: justify">If this Bond has been in effect for sixty
(60) days or less, and it is not a renewal Bond, the COMPANY may terminate for any reason by providing written notice of termination at
least sixty (60) days before the effective date of termination.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt">Notice Of Termination</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt; text-align: justify">Notice of termination under this Section shall
be mailed or delivered, by certified mail, return receipt provided by the United States Postal Service, to the ASSURED and to the authorized
agent or broker, if any, at least sixty (60) days prior to the effective date of cancellation at the address shown on the DECLARATIONS
of this Bond.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt; text-align: justify">If this Bond is cancelled for nonpayment of
premium, the COMPANY will mail or deliver, by certified mail, return receipt provided by the United States Postal Service, a written notice
at least thirty (30) days before the effective date of cancellation. The cancellation notice shall contain information regarding the amount
of premium due and the due date, and shall state the effect of nonpayment by the due date. Cancellation shall not be effective if payment
of the amount due is made prior to the effective date of cancellation.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt">All notice of cancellation shall state the reason(s) for cancellation.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt; text-align: justify">There is no liability on the part of, and
no cause of action of any nature shall arise against, the COMPANY, its authorized representatives, its employees, or any firm, person
or corporation furnishing to the COMPANY, information relating to the reasons for cancellation or nonrenewal, for any statement made by
them in complying or enabling the COMPANY to comply with this Section, for the provision of information pertaining thereto, or for statements
made or evidence submitted at any hearings conducted in connection therewith, if such information was provided in good faith and without
malice.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt">Notice Of Nonrenewal</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt; text-align: justify">If the COMPANY elects not to renew this Bond,
the COMPANY shall mail or deliver written notice, by certified mail, return receipt, provided by the United States Postal Service, to
the ASSURED, at his last known address, at least sixty (60) days before the expiration date or before the anniversary date, if this Bond
has been written for a term of more than one (1) year. Such notice shall also be mailed to the ASSURED&rsquo;S agent or broker, if any.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt">Such notice shall contain all of the following:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">a.</TD>
    <TD>Bond Number:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">b.</TD>
    <TD>Date of Notice;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">c.</TD>
    <TD>Reason for Cancellation;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">d.</TD>
    <TD>Expiration Date of the Bond;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">e.</TD>
    <TD>Effective Date and Hour of Cancellation.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt; text-align: justify">Notice of nonrenewal shall not be required
if the COMPANY or a COMPANY within the same insurance group has offered to issue a renewal Bond, the ASSURED has obtained replacement
coverage or has agreed in writing to obtain replacement coverage, the ASSURED has requested or agreed to nonrenewal, or the Bond is expressly
designated as nonrenewable.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-1360 (Rev. 10-99)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 3</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt">Return Premium Calculations</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 1pt 0 25pt; text-align: justify">Any unearned premiums which have been paid
by the ASSURED shall be refunded to the ASSURED on a pro rata basis if terminated by the COMPANY or the ASSURED. The unearned premiums
shall be refunded to the ASSURED within forty-five (45) days of receipt of the request for cancellation or the effective date of cancellation,
whichever is later.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt">Conditional Renewal</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt; text-align: justify">If the COMPANY offers or purports to renew
the Bond, but on less favorable terms or at higher rates, the new terms or higher premiums may take effect on the renewal date, if the
COMPANY mails or delivers by certified mail, return receipt provided by the United States Postal Service, to the ASSURED, notice of the
new terms or premiums at least sixty (60) days prior to the renewal date. If the COMPANY notifies the ASSURED within sixty (60) days prior
to the renewal date, the new terms or premiums do not take effect until sixty (60) days after the notice is mailed or delivered, in which
case, the ASSURED may elect to cancel the renewal Bond within the sixty (60) day period. If the COMPANY does not notify the ASSURED of
the new terms or premiums, the COMPANY shall continue the Bond at the expiring terms and premiums until notice is given or until the effective
date of replacement coverage is obtained by the ASSURED, whichever occurs first.&rdquo;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 24.95pt">2.</TD>
    <TD STYLE="text-align: justify; padding-right: 1pt">It is further understood and agreed that for the purposes of Section 13., Termination,
        any occurrence listed in this Section shall be considered to be a request by the ASSURED to immediately terminate this Bond.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 1pt 0 25pt; text-align: justify; text-indent: -24.95pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This Endorsement applies to loss discovered after 12:01 a.m. on December
31, 2021.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Date: March 28, 2022</FONT></TD>
    <TD STYLE="width: 4%; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: left">By&nbsp;</TD>
    <TD STYLE="width: 46%; border-bottom: Black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt; color: #222222; background-color: white">/s/
        Paul N. Morrissette</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Authorized Representative </FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-1360 (Rev. 10-99)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 4</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 293pt"><B>FEDERAL INSURANCE COMPANY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 293pt">Endorsement No. 4</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 293pt">Bond Number:&#9;81906724</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt">NAME OF ASSURED:&#9;JOHN HANCOCK FUNDS</P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>REVISE ITEM 2. ENDORSEMENT</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 10pt 0 5pt; text-align: justify">It is agreed that this Bond is amended by
deleting ITEM 2. in its entirety on the DECLARATIONS and substituting the following:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt"><B>ITEM 2. </B>LIMITS OF LIABILITY-DEDUCTIBLE AMOUNTS:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 9pt 0 5pt; text-align: justify">If &ldquo;Not Covered&rdquo; is inserted
below opposite any specified INSURING CLAUSE, such INSURING CLAUSE and any other reference to such INSURING CLAUSE in this Bond shall
be deemed to be deleted. <B>There shall be no deductible applicable to any loss under INSURING CLAUSE 1 sustained by any Investment Company</B>.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">SINGLE LOSS</FONT></TD>
    <TD COLSPAN="3"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">DEDUCTIBLE</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">INSURING CLAUSE</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">LIMIT OF LIABILITY</FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">AMOUNT</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">1.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Employee</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="padding-right: 14.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">15,000,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">2.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">On Premises</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="padding-right: 14.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">15,000,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">150,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">3.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In Transit</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="padding-right: 14.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">15,000,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">150,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">4.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Forgery or Alteration</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="padding-right: 14.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">15,000,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">150,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">5.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Extended Forgery</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="padding-right: 14.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">15,000,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">150,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">6.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Counterfeit Money</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="padding-right: 14.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">15,000,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">150,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">7.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Threats to Person</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="padding-right: 14.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">15,000,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">150,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">8.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Computer System</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="padding-right: 14.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">15,000,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">150,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">9.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Voice Initiated Funds Transfer Instruction</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="padding-right: 14.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">15,000,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">150,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">10.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Uncollectible Items of Deposit</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="padding-right: 14.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">15,000,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">150,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">11.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Audit Expense</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="padding-right: 14.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">150,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">12.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Unauthorized Signature</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="padding-right: 14.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">15,000,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">150,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">13.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Automated Telephone Transaction</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="padding-right: 14.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">15,000,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">150,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">14.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Telefacsimile Instruction Fraud</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="padding-right: 14.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">15,000,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">150,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">15.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Stop Payment Order or Refusal To Pay Check</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="padding-right: 14.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">15,000,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">150,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">16.</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-left: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Extended Computer Systems</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD STYLE="padding-right: 14.95pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">15,000,000</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">$</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-right: 1pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">150,000</FONT></TD></TR>
  <TR>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 17%">&nbsp;</TD>
    <TD STYLE="width: 39%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt">This Endorsement applies to loss discovered after 12:01 a.m. on
December 31, 2021.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt">ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 47%">Date:&nbsp;&nbsp;March 28, 2022</TD>
    <TD STYLE="width: 3%">By</TD>
    <TD STYLE="width: 1%; font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="width: 49%; border-bottom: Black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt; color: #222222; background-color: white">/s/
        Paul N. Morrissette</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Authorized Representative </FONT></TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP Bond</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-1582 (Ed. 5-98)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-left: 130pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 1</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP Bond</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-1582 (Ed. 5-98)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; padding-left: 130pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 2</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in"><B>FEDERAL INSURANCE COMPANY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in">Endorsement No.: 5</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 3.75in; text-align: left">Bond Number: 81906724</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
  <TR STYLE="border-bottom: Silver 0px solid; vertical-align: top; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt; width: 100%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">NAME
        OF ASSURED:&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JOHN HANCOCK FUNDS</FONT></TD></TR>
  <TR STYLE="border-bottom: Silver 0px solid; vertical-align: top; text-align: left">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><B>UNAUTHORIZED SIGNATURE ENDORSEMENT</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">It is agreed that this Bond is amended as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 24.95pt">1.</TD>
    <TD>By adding the following INSURING CLAUSE:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">12.</TD>
    <TD>Unauthorized Signature</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 1pt 0 50pt; text-align: justify">Loss resulting directly from the ASSURED
having accepted, paid or cashed any check or <B>Withdrawal Order </B>made or drawn on or against the account of the ASSURED&rsquo;S customer
which bears the signature or endorsement of one other than a person whose name and signature is on file with the ASSURED as a signatory
on such account.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 1pt 0 50pt; text-align: justify">It shall be a condition precedent to the
ASSURED&rsquo;S right of recovery under this INSURING CLAUSE that the ASSURED shall have on file signatures of all the persons who are
signatories on such account.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 24.95pt">2.</TD>
    <TD>By adding to Section 1., Definitions, the following:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">r.</TD>
    <TD STYLE="text-align: justify"><B>Instruction </B>means a written order to the issuer of an <B>Uncertificated Security </B>requesting that
        the transfer, pledge or release from pledge of the specified <B>Uncertificated Security</B> be registered.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">s.</TD>
    <TD STYLE="padding-right: 1pt"><B>Uncertificated Security </B>means a share, participation or other interest in property of or an enterprise
        of the issuer or an obligation of the issuer, which is:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">(1)</TD>
    <TD STYLE="padding-right: 1pt">not represented by an instrument and the transfer of which is registered on books maintained for that purpose
        by or on behalf of the issuer, and</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">(2)</TD>
    <TD>of a type commonly dealt in on securities exchanges or markets, and</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">(3)</TD>
    <TD STYLE="padding-right: 1pt">either one of a class or series or by its terms divisible into a class or series of shares, participations,
        interests or obligations.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 1pt 0 76pt; text-indent: -25.55pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-5602 (Ed. 10-03)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 1</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">t.</TD>
    <TD STYLE="text-align: justify"><B>Withdrawal Order </B>means a non-negotiable instrument, other than an <B>Instruction</B>, signed by a customer
        of the ASSURED authorizing the ASSURED to debit the customer&rsquo;s account in the amount of funds stated therein.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 50pt; text-align: justify; text-indent: -24.75pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This Endorsement applies to loss discovered after 12:01 a.m. on December
31, 2021.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Date: March 28, 2022</FONT></TD>
    <TD STYLE="width: 4%; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: left">By&nbsp;</TD>
    <TD STYLE="width: 46%; border-bottom: Black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt; color: #222222; background-color: white">/s/
        Paul N. Morrissette</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Authorized Representative </FONT></TD></TR>
  </TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-5602 (Ed. 10-03)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 2</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in"><B>FEDERAL INSURANCE COMPANY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in">Endorsement No.: 6</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in">Bond Number: 81906724</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
  <TR STYLE="border-bottom: Silver 0px solid; vertical-align: top; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt; width: 100%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">NAME
        OF ASSURED:&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JOHN HANCOCK FUNDS</FONT></TD></TR>
  <TR STYLE="border-bottom: Silver 0px solid; vertical-align: top; text-align: left">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><B>AUTOMATED TELEPHONE TRANSACTION
ENDORSEMENT</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">It is agreed that this Bond is amended as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 24.95pt">1.</TD>
    <TD>By adding the following INSURING CLAUSE:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">13.</TD>
    <TD>Automated Telephone System Transaction</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 50pt; text-align: justify">Loss resulting directly from the ASSURED having
transferred funds on the faith of any <B>Automated Phone System (APS) Transaction</B>, where the request for such <B>APS Transaction </B>is
unauthorized or fraudulent and is made with the intent to deceive. In order for coverage to apply under this INSURING CLAUSE the ASSURED
shall maintain and follow all <B>APS Designated Procedures</B>. A single failure of the ASSURED to maintain and follow a particular <B>APS
Designated Procedure</B> in a particular <B>APS Transaction</B> will not preclude coverage under this INSURING CLAUSE.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 24.95pt">2.</TD>
    <TD>By adding to Section 1., Definitions, the following:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt">u. <B>APS Designated Procedures</B> means all of the following
procedures:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">(1)</TD>
    <TD STYLE="text-align: justify">No <B>APS Transaction</B> shall be executed unless the shareholder or unitholder to whose account such an
        <B>APS Transaction</B> relates has previously elected to <B>APS Transactions</B>. (Election in Application)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">(2)</TD>
    <TD>All <B>APS Transactions</B> shall be logged or otherwise recorded and the records shall be retained for at least six (6) months. (Logging)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 76pt; text-align: justify">Information contained in the records shall
be capable of being retrieved and produced within a reasonable time after retrieval of specific information is requested, at a success
rate of no less than 85 percent.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">(3)</TD>
    <TD STYLE="text-align: justify">The caller in any request for an <B>APS Transaction</B>, before executing that <B>APS Transaction </B>must
        enter a personal identification number (PIN), social security number and account number. (Identity Test)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 76pt; text-align: justify">If the caller fails to enter a correct PIN
within three (3) attempts, the caller must not be allowed additional attempts during the same telephone call to enter the PIN. The caller
may either be instructed to redial a customer service representative or may be immediately connected to such a representative. (Limited
attempts to Enter PIN)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 76pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-2345 (Ed. 10-00)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 1</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">(4)</TD>
    <TD STYLE="text-align: justify; padding-right: 1pt">A written confirmation of any <B>APS Transaction</B> or change of address shall be mailed
        to the shareholder or unitholder to whose account such transaction relates, at the record address, by the end of the insured&rsquo;s next
        regular processing cycle, but in no event later than five (5) business days following such <B>APS Transaction</B>. (Written Confirmation)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">(5)</TD>
    <TD STYLE="padding-right: 1pt">Access to the equipment which permits the entity receiving the <B>APS Transaction</B> request to process and
        effect the transaction shall be limited in the following manner:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 76pt">(Access to APS Equipment)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">v.</TD>
    <TD STYLE="text-align: justify"><B>APS Election </B>means any election concerning various account features available to the shareholder or
        unitholder which is made through the <B>Automated Phone System</B> by means of information transmitted by an individual caller through
        use of a <B>Automated Phone System</B>. These features include account statements, auto exchange, auto asset builder, automatic withdrawal,
        dividend/capital gain options, dividend sweep, telephone balance consent and change of address.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">w.</TD>
    <TD STYLE="text-align: justify"><B>APS Exchange </B>means any exchange of shares or units in a registered account of one fund into shares
        or units in an account with the same tax identification number and same ownership-type code of another fund in the same complex pursuant
        to exchange privileges of the two funds, which exchange is requested through the <B>Automated Phone System</B> by means of information
        transmitted by an individual caller through use of an <B>Automated Phone System</B>.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">x.</TD>
    <TD STYLE="padding-right: 1pt"><B>APS Purchase </B>means any purchase of shares or units issued by an <B>Investment Company </B>which is requested
        through an <B>Automated Phone System</B>.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">y.</TD>
    <TD STYLE="text-align: justify; padding-right: 1pt"><B>APS Redemption </B>means any redemption of shares or units issued by an <B>Investment
        Company </B>which it requested through the telephone by means of information transmitted by an individual caller through use of a <B>Automated
        Phone System</B>.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">z.</TD>
    <TD STYLE="padding-right: 1pt"><B>APS Transaction </B>means any <B>APS Purchase, APS Redemption, APS Election </B>or <B>APS Exchange</B>.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">aa.</TD>
    <TD STYLE="text-align: justify; padding-right: 1pt"><B>Automated Phone System </B>means an automated system which receives and converts to
        executable instructions transmissions through the <B>Automated Phone System</B> through use of a touch-tone keypad or other tone system;
        and always excluding transmissions from a computer system or part thereof.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 24.95pt">3.</TD>
    <TD STYLE="padding-right: 1pt">By adding the following Section after Section 4., Specific Exclusions-Applicable To All Insuring Clauses Except
        1., 4., 5.:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt">Section 4.A.. Specific Exclusion-Applicable to Insuring Clause
13</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 92pt 0 25pt"><B>This Bond does not directly or indirectly cover under Insuring
Clause 13:</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 92pt 0 25pt"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-2345 (Ed. 10-00)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 2</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 92pt 0 25pt"><B></B>Loss resulting from:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">a.</TD>
    <TD STYLE="padding-right: 1pt">the redemption of shares or units, where the proceeds of such redemption are made payable to other than:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">(1)</TD>
    <TD>the shares or units of record,</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">(2)</TD>
    <TD>a person designated to receive redemption proceeds, or</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">(3)</TD>
    <TD>a bank account designated to receive redemption proceeds, or</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 76pt; text-indent: -25.55pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">b.</TD>
    <TD STYLE="text-align: justify">the redemption of shares or units, where the proceeds of such redemption are paid by check mailed to any address,
        unless such address has either been designated the shareholder or unitholder by voice through an <B>Automated Phone System</B> or in writing,
        at least thirty (30) days prior to such redemption, or</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">c.</TD>
    <TD>the redemption of shares or units, where shareholder or unitholder of the ASSURED designated bank account of record.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 50pt; text-indent: -24.75pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This Endorsement applies to loss discovered after 12:01 a.m. on December
31, 2021.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Date: March 28, 2022</FONT></TD>
    <TD STYLE="width: 4%; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: left">By&nbsp;</TD>
    <TD STYLE="width: 46%; border-bottom: Black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt; color: #222222; background-color: white">/s/
        Paul N. Morrissette</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Authorized Representative </FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-2345 (Ed. 10-00)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 3</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Silver 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in"><B>FEDERAL INSURANCE COMPANY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in">Endorsement No.:&#9;7</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in">Bond Number:&#9;81906724</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
  <TR STYLE="border-bottom: Silver 0px solid; vertical-align: top; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt; width: 100%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">NAME
        OF ASSURED:&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JOHN HANCOCK FUNDS</FONT></TD></TR>
  <TR STYLE="border-bottom: Silver 0px solid; vertical-align: top; text-align: left">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><B>TELEFACSIMILE INSTRUCTION FRAUD
ENDORSEMENT</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">It is agreed that this Bond is amended as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 35.95pt">1.</TD>
    <TD>By adding the following INSURING CLAUSE:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 36.05pt"></TD>
    <TD STYLE="width: 35.95pt">14.</TD>
    <TD>Telefacsimile Instruction</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1in; text-align: justify">Loss resulting directly from the ASSURED having
transferred, paid or delivered any funds or other <B>Property</B> or established any credit, debited any account or given any value on
the faith of any fraudulent instructions sent by a <B>Customer</B>, financial institution or another office of the ASSURED by <B>Telefacsimile</B>
directly to the ASSURED authorizing or acknowledging the transfer, payment or delivery of funds or <B>Property</B> or the establishment
of a credit or the debiting of an account or the giving of value by the ASSURED where such <B>Telefacsimile</B> instructions:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 72.1pt"></TD>
    <TD STYLE="width: 35.9pt">a.</TD>
    <TD STYLE="text-align: justify">bear a valid test key exchanged between the ASSURED and a <B>Customer</B> or another financial institution
        with authority to use such test key for <B>Telefacsimile</B> instructions in the ordinary course of business, but which test key has been
        wrongfully obtained by a person who was not authorized to initiate, make, validate or authenticate a test key arrangement, and</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 72.1pt"></TD>
    <TD STYLE="width: 35.9pt">b.</TD>
    <TD STYLE="text-align: justify">fraudulently purport to have been sent by such <B>Customer</B> or financial institution when such <B>Telefacsimile</B>
        instructions were transmitted without the knowledge or consent of such <B>Customer</B> or financial institution by a person other than
        such <B>Customer </B>or financial institution and which bear a <B>Forgery </B>of a signature, provided that the <B>Telefacsimile</B> instruction
        was verified by a direct call back to an employee of the financial institution, or a person thought by the ASSURED to be the <B>Customer</B>,
        or an employee of another financial institution.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 35.95pt">2.</TD>
    <TD>By deleting from Section 1., Definitions, the definition of <B>Customer</B> in its entirety, and substituting the following:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-2367 (Rev. 10-03)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 1</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 36.05pt"></TD>
    <TD STYLE="width: 35.95pt">d.</TD>
    <TD STYLE="text-align: justify"><B>Customer </B>means an individual, corporate, partnership, trust customer, shareholder or subscriber of
        an Investment Company which has a written agreement with the ASSURED for <B>Voice Initiated Funds Transfer Instruction</B> or <B>Telefacsimile</B>
        Instruction.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -35.95pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By adding to Section 1., Definitions,
the following:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 36.05pt"></TD>
    <TD STYLE="width: 35.95pt">bb.</TD>
    <TD STYLE="text-align: justify"><B>Telefacsimile </B>means a system of transmitting written documents by electronic signals over telephone
        lines to equipment maintained by the ASSURED for the purpose of reproducing a copy of said document. <B>Telefacsimile</B> does not mean
        electronic communication sent by Telex or similar means of communication, or through an electronic communication system or through an
        automated clearing house.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 35.95pt">4.</TD>
    <TD STYLE="padding-right: 1pt">By adding to Section 3., Specific Exclusions Applicable to All Insuring Clauses Except Insuring Clause 1. the
        following:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 36.05pt"></TD>
    <TD STYLE="width: 35.95pt">j.</TD>
    <TD STYLE="padding-right: 1pt">loss resulting directly or indirectly from <B>Telefacsimile</B> instructions provided, however, this exclusion
        shall not apply to this INSURING CLAUSE.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 1pt 0 1in; text-indent: -35.95pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This Endorsement applies to loss discovered after 12:01 a.m. on December
31, 2021.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Date: March 28, 2022</FONT></TD>
    <TD STYLE="width: 4%; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: left">By&nbsp;</TD>
    <TD STYLE="width: 46%; border-bottom: Black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt; color: #222222; background-color: white">/s/
        Paul N. Morrissette</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Authorized Representative </FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 333pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-2367 (Rev. 10-03)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 2</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-2367 (Rev. 10-03)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 3</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-left: 140pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>FEDERAL INSURANCE COMPANY</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 26%">&nbsp;</TD>
    <TD STYLE="width: 56%; padding-left: 140pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Endorsement No.:</FONT> &nbsp;&nbsp;&nbsp;8</TD>
    <TD STYLE="width: 18%; padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 140pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Bond Number:</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81906724&nbsp;</TD>
    <TD STYLE="padding-left: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 140pt">&nbsp;</TD>
    <TD STYLE="padding-left: 4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">NAME OF ASSURED:</FONT></TD>
    <TD STYLE="padding-left: 13pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">JOHN HANCOCK FUNDS</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-left: 13pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; margin-top: 0; margin-bottom: 0"><B>STOP PAYMENT ORDER OR REFUSAL
TO PAY CHECK ENDORSEMENT</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">It is agreed that this Bond is amended as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 24.95pt">1.</TD>
    <TD>By adding the following INSURING CLAUSE:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt">&ldquo;15. Stop Payment Order or Refusal to Pay Check</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 50pt">Loss resulting directly from the ASSURED being legally liable to
pay compensatory damages for:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">a.</TD>
    <TD STYLE="text-align: justify">complying or failing to comply with notice from any customer of the ASSURED or any authorized representative
        of such customer, to stop payment on any check or draft made or drawn upon or against the ASSURED by such customer or by any authorized
        representative of such customer, or</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">b.</TD>
    <TD>refusing to pay any check or draft made or drawn upon or against the ASSURED by any customer of the ASSURED or by any authorized representative
        of such customer.&rdquo;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 24.95pt">2.</TD>
    <TD>By adding the following Specific Exclusion:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt">&ldquo;Section 4.A. Specific Exclusions &ndash; Applicable to INSURING
CLAUSE 15</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt"><B>This Bond does not directly or indirectly cover:</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">a.</TD>
    <TD>liability assumed by the ASSURED by agreement under any contract, unless such liability would have attached to the ASSURED even in the
        absence of such agreement,</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">b.</TD>
    <TD>loss arising out of:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">(1)</TD>
    <TD>libel, slander, wrongful entry, eviction, defamation, false arrest, false imprisonment, malicious prosecution, assault or battery,</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">(2)</TD>
    <TD>sickness, disease, physical bodily harm, mental or emotional distress or anguish, or death of any person, or</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">(3)</TD>
    <TD>discrimination.&rdquo;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This Endorsement applies to loss discovered after 12:01 a.m. on December
31, 2021.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Date: March 28, 2022</FONT></TD>
    <TD STYLE="width: 4%; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: left">By&nbsp;</TD>
    <TD STYLE="width: 46%; border-bottom: Black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt; color: #222222; background-color: white">/s/
        Paul N. Morrissette</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Authorized Representative </FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 333pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-2365 (Ed. 10-00)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  </TABLE>

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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Silver 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="text-align: center; width: 34%">&nbsp;</TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in"><B>FEDERAL INSURANCE COMPANY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in">Endorsement No.: 9</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 269.35pt">Bond Number: 81906724</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.75in"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
  <TR STYLE="border-bottom: Silver 0px solid; vertical-align: top; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt; width: 100%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">NAME
        OF ASSURED:&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JOHN HANCOCK FUNDS</FONT></TD></TR>
  <TR STYLE="border-bottom: Silver 0px solid; vertical-align: top; text-align: left">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding: 0pt">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><B>EXTENDED COMPUTER SYSTEMS ENDORSEMENT</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">It is agreed that this Bond is amended as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 24.95pt">1.</TD>
    <TD>By adding the following INSURING CLAUSE:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">16.</TD>
    <TD>Extended Computer Systems</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">A.</TD>
    <TD STYLE="padding-right: 146pt">
        <P STYLE="margin-top: 0; margin-bottom: 0">Electronic Data, Electronic Media, Electronic Instruction</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">Loss resulting directly from:</P></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 75.7pt"></TD>
    <TD STYLE="width: 25.3pt">(1)</TD>
    <TD STYLE="text-align: justify">the fraudulent modification of <B>Electronic Data, Electronic Media</B> or <B>Electronic Instruction </B>being
        stored within or being run within any system covered under this INSURING CLAUSE,</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 75.7pt"></TD>
    <TD STYLE="width: 25.3pt">(2)</TD>
    <TD>robbery, burglary, larceny or theft of <B>Electronic Data, Electronic Media</B> or <B>Electronic Instructions</B>,</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 75.7pt"></TD>
    <TD STYLE="width: 25.3pt">(3)</TD>
    <TD STYLE="text-align: justify">the acts of a hacker causing damage or destruction of <B>Electronic Data, Electronic Media </B>or <B>Electronic
        Instruction </B>owned by the ASSURED or for which the ASSURED is legally liable, while stored within a <B>Computer System</B> covered
        under this INSURING CLAUSE, or</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 75.7pt"></TD>
    <TD STYLE="width: 25.3pt">(4)</TD>
    <TD STYLE="text-align: justify">the damage or destruction of <B>Electronic Data, Electronic Media</B> or <B>Electronic Instruction </B>owned
        by the ASSURED or for which the ASSURED is legally liable while stored within a <B>Computer System</B> covered under INSURING CLAUSE 8,
        provided such damage or destruction was caused by a computer program or similar instruction which was written or altered to intentionally
        incorporate a hidden instruction designed to damage or destroy <B>Electronic Data, Electronic Media</B>, or <B>Electronic Instruction
        </B>in the <B>Computer System </B>in which the computer program or instruction so written or so altered is used.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 101pt; text-align: justify; text-indent: -25.3pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP2 Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-2976 (Ed. 1-02)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 1</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">B.</TD>
    <TD>Electronic Communication</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 76pt; text-align: justify">Loss resulting directly from the ASSURED having
transferred, paid or delivered any funds or property, established any credit, debited any account or given any value on the faith of any
electronic communications directed to the ASSURED, which were transmitted or appear to have been transmitted through:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 75.7pt"></TD>
    <TD STYLE="width: 25.3pt">(1)</TD>
    <TD>an <B>Electronic Communication System</B>,</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 75.7pt"></TD>
    <TD STYLE="width: 25.3pt">(2)</TD>
    <TD>an automated clearing house or custodian, or</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 75.7pt"></TD>
    <TD STYLE="width: 25.3pt">(3)</TD>
    <TD>a Telex, TWX, or similar means of communication,</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 76pt; text-align: justify">directly into the ASSURED&rsquo;S <B>Computer
System</B> or <B>Communication Terminal</B>, and fraudulently purport to have been sent by a customer, automated clearing house, custodian,
or financial institution, but which communications were either not sent by said customer, automated clearing house, custodian, or financial
institution, or were fraudulently modified during physical transit of <B>Electronic Media</B> to the ASSURED or during electronic transmission
to the ASSURED&rsquo;S <B>Computer System</B> or <B>Communication Terminal</B>.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">C.</TD>
    <TD>Electronic Transmission</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 76pt; text-align: justify">Loss resulting directly from a customer of
the ASSURED, any automated clearing house, custodian, or financial institution having transferred, paid or delivered any funds or property,
established any credit, debited any account or given any value on the faith of any electronic communications, purporting to have been
directed by the ASSURED to such customer, automated clearing house, custodian, or financial institution initiating, authorizing, or acknowledging,
the transfer, payment, delivery or receipt of funds or property, which communications were transmitted through:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 75.7pt"></TD>
    <TD STYLE="width: 25.3pt">(1)</TD>
    <TD>an <B>Electronic Communication System</B>,</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 75.7pt"></TD>
    <TD STYLE="width: 25.3pt">(2)</TD>
    <TD>an automated clearing house or custodian, or</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 75.7pt"></TD>
    <TD STYLE="width: 25.3pt">(3)</TD>
    <TD>a Telex, TWX, or similar means of communication,</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 76pt; text-align: justify">directly into a <B>Computer System</B> or
<B>Communication Terminal</B> of said customer, automated clearing house, custodian, or financial institution, and fraudulently purport
to have been directed by the ASSURED, but which communications were either not sent by the ASSURED, or were fraudulently modified during
physical transit of <B>Electronic Media </B>from the ASSURED or during electronic transmission from the ASSURED&rsquo;S <B>Computer System
</B>or <B>Communication Terminal</B>, and for which loss the ASSURED is held to be legally liable.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 76pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP2 Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-2976 (Ed. 1-02)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 2</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 24.95pt">2.</TD>
    <TD>By adding to Section 1., Definitions, the following:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">cc.</TD>
    <TD STYLE="text-align: justify"><B>Communication Terminal </B>means a teletype, teleprinter or video display terminal, or similar device capable
        of sending or receiving information electronically. <B>Communication Terminal</B> does not mean a telephone.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">dd.</TD>
    <TD STYLE="text-align: justify"><B>Electronic Communication System </B>means electronic communication operations by Fedwire, Clearing House
        Interbank Payment System (CHIPS), Society of Worldwide International Financial Telecommunication (SWIFT), similar automated interbank
        communication systems, and Internet access facilities.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 50pt; text-align: justify; text-indent: -24.75pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">ee.</TD>
    <TD STYLE="text-align: justify"><B>Electronic Data</B> means facts or information converted to a form usable in <B>Computer Systems</B> and
        which is stored on <B>Electronic Media</B> for use by computer programs.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.65pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">ff.</TD>
    <TD><B>Electronic Instruction </B>means computer programs converted to a form usable in a <B>Computer System </B>to act upon <B>Electronic
        Data</B>.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">gg.</TD>
    <TD><B>Electronic Media </B>means the magnetic tape, magnetic disk, optical disk, or any other bulk media on which data is recorded.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 24.95pt">3.</TD>
    <TD>By adding the following Section after Section 4., Specific Exclusions-Applicable to All INSURING CLAUSES except 1., 4., and 5.:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt">Section 4.A. Specific Exclusions-Applicable to INSURING CLAUSE
16</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt"><B>This Bond does not directly or indirectly cover:</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">a.</TD>
    <TD STYLE="text-align: justify">loss resulting directly or indirectly from <B>Forged</B>, altered or fraudulent negotiable instruments, securities,
        documents or written instruments used as source documentation in the preparation of <B>Electronic Data</B>;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">b.</TD>
    <TD>loss of negotiable instruments, securities, documents or written instruments except as converted to <B>Electronic Data</B> and then only
        in that converted form;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">c.</TD>
    <TD STYLE="text-align: justify">loss resulting from mechanical failure, faulty construction, error in design, latent defect, wear or tear,
        gradual deterioration, electrical disturbance, <B>Electronic Media</B> failure or breakdown or any malfunction or error in programming
        or error or omission in processing;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">d.</TD>
    <TD STYLE="text-align: justify">loss resulting directly or indirectly from the input of <B>Electronic Data</B> at an authorized electronic
        terminal of an <B>Electronic Funds Transfer System</B> or a <B>Customer Communication System </B>by a person who had authorized access
        from a customer to that customer&rsquo;s authentication mechanism; or</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">e.</TD>
    <TD>liability assumed by the ASSURED by agreement under any contract, unless such liability would have attached to the ASSURED even in the
        absence of such agreement; or</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">f.</TD>
    <TD>loss resulting directly or indirectly from:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">(1)</TD>
    <TD>written instruction unless covered under this INSURING CLAUSE; or</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50.45pt"></TD>
    <TD STYLE="width: 25.55pt">(2)</TD>
    <TD>instruction by voice over the telephone, unless covered under this INSURING CLAUSE.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 76pt; text-indent: -25.55pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP2 Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-2976 (Ed. 1-02)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 3</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 24.95pt">4.</TD>
    <TD STYLE="padding-right: 182pt">
        <P STYLE="margin-top: 0; margin-bottom: 0">By adding to Section 9., Valuation, the following:</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">Electronic Data, Electronic Media, Or Electronic Instruction</P></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt; text-align: justify">In case of loss of, or damage to, <B>Electronic
Data, Electronic Media</B> or <B>Electronic Instruction</B> used by the ASSURED in its business, the COMPANY shall be liable under this
Bond only if such items are actually reproduced form other <B>Electronic Data, Electronic Media</B> or <B>Electronic Instruction </B>of
the same kind or quality and then for not more than the cost of the blank media and/or the cost of labor for the actual transcription
or copying of data which shall have been furnished by the ASSURED in order to reproduce such <B>Electronic Data, Electronic Media</B>
or <B>Electronic Instruction </B>subject to the applicable SINGLE LOSS LIMIT OF LIABILITY.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt; text-align: justify">However, if such <B>Electronic Data</B> can
not be reproduced and said <B>Electronic Data</B> represents <B>Securities </B>or financial instruments having a value, then the loss
will be valued as indicated in the SECURITIES and OTHER PROPERTY paragraphs of this Section.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This Endorsement applies to loss discovered after 12:01 a.m. on December
31, 2021.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Date: March 28, 2022</FONT></TD>
    <TD STYLE="width: 4%; font: 11pt/107% Calibri, Helvetica, Sans-Serif; text-align: left">By&nbsp;</TD>
    <TD STYLE="width: 46%; border-bottom: Black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt; color: #222222; background-color: white">/s/
        Paul N. Morrissette</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Authorized Representative </FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">ICAP2 Bond</FONT></TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Form 17-02-2976 (Ed. 1-02)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 4</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ENDORSEMENT/RIDER</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Effective date of</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">this endorsement/rider: December 31, 2021&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FEDERAL
INSURANCE COMPANY</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">Endorsement/Rider No. 10</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">To be attached to and&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">form a part of Bond No. 81906724</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Issued to: JOHN HANCOCK FUNDS</P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">AUTOMATIC INCREASE IN LIMITS ENDORSEMENT</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 1pt 0 0; text-align: justify">In consideration of the premium charged, it
is agreed that General Agreements, Section C., Additional Offices or Employees-Consolidation, Merger or Purchase or Acquisition of Assets
or Liabilities-Notice to Company, is amended by adding the following:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 1pt 0 0.25in; text-align: justify">If the ASSURED, while this Bond is in
force, establishes new funds other than by consolidation or merger with, or purchase or acquisition of assets or liabilities of, another
institution, such funds shall automatically be covered hereunder from the date of the establishment.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.25in; text-align: justify">If the ASSURED, while this Bond is in force,
requires an increase in limits to comply with SEC Reg. 17g-1, due to an increase in assets, such increase shall automatically be covered
hereunder from the date of such increase, but only as excess coverage. Such excess coverage shall not exceed five million dollars ($5,000,000)
in additional limits and shall be excess of this Bond and of the following excess Bonds:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1in">Carrier: ICI Mutual Insurance Company</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1in">Bond Number: 87142121B&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1in">Limits of Liability: $15,000,000 excess of $15,000,000</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1in">Bond Period: 12/31/2021 - 12/31/2022</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1in">Carrier: Continental Casualty Company&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1in">Bond Number: 652075432</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1in">Limits of Liability: $6,000,000 excess of $30,000,000</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 1in">Bond Period: 12/31/2021 - 12/31/2022</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 2pt 0 0">The title and any headings in this endorsement/rider are solely
for convenience and form no part of the terms and conditions of coverage.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">All other terms, conditions and limitations of this Policy shall remain
unchanged.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="width: 2%; font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="width: 48%; border-bottom: Black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt; color: #222222; background-color: white">/s/
        Paul N. Morrissette</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Authorized Representative </FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">MS-342288 (03/2022)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 1 of 1</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ENDORSEMENT/RIDER</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Effective date of&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">this endorsement/rider: December 31, 2021&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>FEDERAL
INSURANCE COMPANY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.25in">Endorsement/Rider No. 11</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.25in">To be attached to and&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.25in">form a part of Bond No.&#9;81906724</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Issued to: JOHN HANCOCK FUNDS</P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">AMEND DEFINITION OF EMPLOYEE ENDORSEMENT</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 26pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 26pt 0 0">In consideration of the premium charged, it is agreed that Section
1., Definitions, the term <B>Employee</B> is amended to include the following:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 22pt 0 50pt">Any natural person while in the service of the ASSURED solely
while performing sub-advisory services for the ASSURED pursuant to a written contract.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 22pt 0 50pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 1pt 0 0">The title and any headings in this endorsement/rider are solely
for convenience and form no part of the terms and conditions of coverage.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">All other terms, conditions and limitations of this Bond shall remain unchanged.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="width: 2%; font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="width: 48%; border-bottom: Black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt; color: #222222; background-color: white">/s/
        Paul N. Morrissette</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Authorized Representative </FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q07-1957 (08/2007)</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 1</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ENDORSEMENT/RIDER</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Effective date of&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">this endorsement/rider: December 31, 2021&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>FEDERAL
INSURANCE COMPANY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.25in">Endorsement/Rider No.&#9;12</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.25in">To be attached to and&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.25in">form a part of Bond No.&#9;81906724</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Issued to: JOHN HANCOCK FUNDS</P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">DELETING VALUATION-OTHER PROPERTY AND AMENDING CHANGE
OR MODIFICATION ENDORSEMENT</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">In consideration of the premium charged, it is agreed that this Bond is
amended as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 24.95pt">1.</TD>
    <TD>The paragraph titled Other Property in Section 9, Valuation, is deleted in its entirety.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 24.95pt">2.</TD>
    <TD STYLE="padding-right: 16pt">The third paragraph in Section 16, Change or Modification, is deleted in its entirety and replaced with the
        following:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 16pt 0 25pt">If this Bond is for a joint ASSURED, no change or modification
which would adversely affect the rights of the ASSURED shall be effective prior to sixty (60) days after written notice has been furnished
to all insured <B>Investment Companies</B> and the Securities and Exchange Commission, Washington, D.C., by the COMPANY.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 16pt 0 25pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 15pt 0 0">The title and any headings in this endorsement/rider are solely
for convenience and form no part of the terms and conditions of coverage.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">All other terms, conditions and limitations of this Bond shall remain unchanged.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="width: 2%; font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="width: 48%; border-bottom: Black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt; color: #222222; background-color: white">/s/
        Paul N. Morrissette</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Authorized Representative </FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 320pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">17-02-2437 (12/2006) rev.&#9;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 1</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="text-align: right; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 373pt"><B>ENDORSEMENT/RIDER</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Effective date of&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">this endorsement/rider: December 31, 2021&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>FEDERAL
INSURANCE COMPANY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.25in">Endorsement/Rider No. 13</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.25in">To be attached to and&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 3.25in">form a part of Bond No.&#9;81906724</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Issued to: JOHN HANCOCK FUNDS</P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">AMEND DISCOVERY AND NOTICE ENDORSEMENT</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">In consideration of the premium charged, it is agreed that this Bond is
amended as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 24.95pt">(1)</TD>
    <TD STYLE="padding-right: 111pt">Section 6., Discovery, is deleted in its entirety and replaced it with the following:</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 111pt">&nbsp;</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 24.95pt"></TD>
    <TD STYLE="padding-right: 111pt"> Discovery</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 25pt; text-align: justify">This Bond applies only to loss first discovered
by the President, General Counsel or Risk Manager of the ASSURED during the BOND PERIOD. Discovery occurs at the earlier of the President,
General Counsel or Risk Manager of the ASSURED being aware of:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">a.</TD>
    <TD>facts which may subsequently result in a loss of a type covered by this Bond, or</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">b.</TD>
    <TD>an actual or potential claim in which it is alleged that the ASSURED is liable to a third party,</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 1pt 0 25pt; text-align: justify">regardless of when the act or acts causing
or contributing to such loss occurred, even though the amount of loss does not exceed the applicable DEDUCTIBLE AMOUNT, or the exact amount
or details of loss may not then be known.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.05pt"></TD>
    <TD STYLE="width: 24.95pt">(2)</TD>
    <TD STYLE="padding-right: 1pt">Section 7., Notice to Company-Proof-Legal Proceedings Against Company, is amended by deleting paragraph a.
        and replacing it with the following:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25.25pt"></TD>
    <TD STYLE="width: 24.75pt">a.</TD>
    <TD STYLE="text-align: justify">The ASSURED shall give the COMPANY notice thereof at the earliest practicable moment, not to exceed sixty
        (60) days after discovery of loss by President, General Counsel or Risk Manager of the ASSURED, in an amount that is in excess of fifty
        percent (50%) of the applicable DEDUCTIBLE AMOUNT, as stated in ITEM 2. of the DECLARATIONS<B>.</B></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 50pt; text-align: justify; text-indent: -24.75pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 1pt 0 0">The title and any headings in this endorsement/rider are solely
for convenience and form no part of the terms and conditions of coverage.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">All other terms, conditions and limitations of this Bond shall remain unchanged.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="width: 2%; font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="width: 48%; border-bottom: Black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt; color: #222222; background-color: white">/s/
        Paul N. Morrissette</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Authorized Representative </FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 293pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">14-02-14521 (08/2008)&#9;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 1</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>ENDORSEMENT/RIDER</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Effective date of&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">this endorsement/rider: December 31, 2021&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>FEDERAL
INSURANCE COMPANY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 235pt">Endorsement/Rider No.&#9;14</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 235pt">To be attached to and&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 235pt">form a part of Policy No.&#9;81906724</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Issued to: JOHN HANCOCK FUNDS</P>

<P STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 110pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 110pt">AMEND NAME OF ASSURED (NEW FUNDS) ENDORSEMENT</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">In consideration of the premium charged, is agreed that:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.4pt"></TD>
    <TD STYLE="width: 35.6pt">1.</TD>
    <TD STYLE="padding-right: 3pt">The NAME OF ASSURED, as set forth on the DECLARATIONS of this Bond, shall include any newly created, merged,
        consolidated or terminated registered investment company sponsored by an ASSURED or any newly created portfolio of an ASSURED. Provided,
        however, that this provision shall not apply to a registered investment company that is created as a result of a merger, consolidation
        or acquisition with any other registered investment company.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 1pt 0 0">The title and any headings in this endorsement/rider are solely
for convenience and form no part of the terms and conditions of coverage.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">All other terms, conditions and limitations of this Policy shall remain
unchanged.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="width: 2%; font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="width: 48%; border-bottom: Black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt; color: #222222; background-color: white">/s/
        Paul N. Morrissette</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-size: 10pt">Authorized Representative </FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 293pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Calibri, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Q09-1831 (11/2009)&#9;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Page 1</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>IMPORTANT NOTICE TO POLICYHOLDERS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 1pt 0 0; text-indent: 0.5in">All of the members of the Chubb Group of Insurance
companies doing business in the United States (hereinafter &ldquo;Chubb&rdquo;) distribute their products through licensed insurance brokers
and agents (&ldquo;producers&rdquo;). Detailed information regarding the types of compensation paid by Chubb to producers on US insurance
transactions is available under the Producer Compensation link located at the bottom of the page at www.chubb.com, or by calling 1-866-588-9478.
Additional information may be available from your producer.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">Thank you for choosing Chubb.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">10-02-1295 (ed. 6/2007)</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B><I>Important Notice:</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>The SEC Requires Proof of Your Fidelity Insurance Policy</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 12pt 0 0">Your company is now required to file an electronic copy of your
fidelity insurance coverage (Chubb&rsquo;s ICAP Bond policy) to the Securities and Exchange Commission (SEC), according to rules adopted
by the SEC on June 12, 2006.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 5pt 0 0">Chubb is in the process of providing your agent/broker with an electronic
copy of your insurance policy as well as instructions on how to submit this proof of fidelity insurance coverage to the SEC. You can expect
to receive this information from your agent/broker shortly.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 10pt 0 0">The electronic copy of your policy is provided by Chubb solely
as a convenience and does not affect the terms and conditions of coverage as set forth in the paper policy you receive by mail. The terms
and conditions of the policy mailed to you, which are the same as those set forth in the electronic copy, constitute the entire agreement
between your company and Chubb.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">If you have any questions, please contact your agent or broker.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Form 14-02-12160 (ed. 7/2006)</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>ICI MUTUAL INSURANCE COMPANY,</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>a Risk Retention Group</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">1401 H St. NW</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Washington DC 20005</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>INVESTMENT COMPANY BLANKET BOND</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>(EXCESS)</B></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>ICI MUTUAL INSURANCE COMPANY,</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>a Risk Retention Group</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">1401 H St. NW</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Washington, DC 20005</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>DECLARATIONS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">NOTICE</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">This policy is issued by your risk retention group.
Your risk retention group may not be subject to all of the insurance laws and regulations of your state. State insurance insolvency guaranty
funds are not available for your risk retention group.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 11%; border-top: Black 1pt solid; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Item
        1.</B></FONT></TD>
    <TD STYLE="width: 35%; border-top: Black 1pt solid; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Name
        of Insured (the &ldquo;Insured&rdquo;)</FONT></TD>
    <TD STYLE="width: 54%; border-top: Black 1pt solid; line-height: 115%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Bond
        Number:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>John Hancock Funds</B></FONT></TD>
    <TD STYLE="line-height: 115%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>87142121B</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Principal Office:</FONT></TD>
    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Mailing Address:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">200 Berkeley Street</FONT></TD>
    <TD STYLE="padding-left: 10pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">C/O Aon Financial
        Services Group</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Boston, MA 02116</FONT></TD>
    <TD STYLE="padding-left: 10pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">One Federal Street</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-left: 10pt; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Boston, MA 02210</FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.75pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 3pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.4pt"></TD>
    <TD STYLE="width: 40.1pt"><B>Item 2.</B></TD>
    <TD STYLE="text-align: justify">Bond Period: from 12:01 a.m. on <U>December 31, 2021</U>, to 12:01 a.m. on <U>December 31, 2022</U>, or the
        earlier effective date of the termination of this Bond, standard time at the Principal Office as to each of said dates.</TD></TR>
  </TABLE>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 40.5pt"><B>Item 3.</B></TD>
    <TD STYLE="width: 0pt"></TD>
    <TD STYLE="text-align: justify">Limit of Liability&mdash;</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="padding: 4pt; vertical-align: bottom; width: 66%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&#9;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding: 4pt; width: 17%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>LIMIT
        OF LIABILITY</B></FONT></TD>
    <TD STYLE="padding: 4pt; vertical-align: bottom; width: 17%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>DEDUCTIBLE
        AMOUNT <SUP>1</SUP></B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(210,247,250)">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1.&nbsp;&#9;EMPLOYEE </FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2.&#9;&nbsp;ON PREMISES</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(210,247,250)">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3.&#9;&nbsp;IN TRANSIT </FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.&#9;&nbsp;FORGERY OR ALTERATION</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(210,247,250)">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">5.&#9;&nbsp;EXTENDED FORGERY</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">6.&#9;&nbsp;COUNTERFEIT CURRENCY</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(210,247,250)">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">7.&#9;&nbsp;THREATS TO PERSONS </FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">8.&#9;&nbsp;COMPUTER SYSTEM</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(210,247,250)">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">9.&#9;&nbsp;VOICE-INITIATED FUNDS TRANSFER
        INSTRUCTION</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">10.&#9;UNCOLLECTIBLE ITEMS OF DEPOSIT</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD>
    <TD STYLE="padding: 4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$15,000,000</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt 4pt; text-align: justify"><SUP>1</SUP>&nbsp;&nbsp;&nbsp;&nbsp;Plus
the applicable deductible of the Primary Bond</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<DIV STYLE="padding: 1pt 0in; border-top: Black 0.75pt solid; border-bottom: Black 0.75pt solid">

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; width: 0"></TD>
    <TD STYLE="padding-top: 3pt; width: 45pt"><B>Item 4</B>.</TD>
    <TD STYLE="padding-top: 3pt; text-align: justify">PRIMARY BOND &ndash; Federal Insurance Company Bond No. 81906724</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 3pt 40.3pt; text-align: justify; text-indent: -40.3pt">&nbsp;</P> </DIV>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; width: 0"></TD>
    <TD STYLE="padding-top: 3pt; width: 45pt"><B>Item 5.</B></TD>
    <TD STYLE="padding-top: 3pt; text-align: justify">The liability of ICI Mutual Insurance Company, a Risk Retention Group (the &ldquo;Underwriter&rdquo;)
        is subject to the terms of the following Riders attached hereto:</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 45pt">Riders: 1</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 40.5pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 45pt; border-bottom: Black 2.25pt double">and
of all Riders applicable to this Bond issued during the Bond Period.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-bottom: 10pt; line-height: 115%">&nbsp;</TD>
    <TD STYLE="padding-bottom: 10pt; line-height: 115%">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 10pt; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%">
        <P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0">By:</P></TD>
    <TD STYLE="width: 42%; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0">/s/ Catherine Dalton</P></TD>
    <TD STYLE="width: 3%; line-height: 115%">&nbsp;</TD>
    <TD STYLE="width: 7%">
        <P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0">By:</P></TD>
    <TD STYLE="width: 41%; border-bottom: Black 1pt solid">
        <P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0">/s/ Maggie Sullivan</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Authorized Representative</FONT></TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Authorized Representative</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">Excess Bond (10/15)</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">NOTICE</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">This policy is issued by your risk retention
group. Your risk retention group may not be subject to all of the insurance laws and regulations of your state. State insurance insolvency
guaranty funds are not available for your risk retention group.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify">ICI Mutual Insurance Company, a Risk Retention
Group (&ldquo;Underwriter&rdquo;), in consideration of the required premium, and in reliance on the application and all other information
furnished to the Underwriter by the Insured, and subject to and in accordance with the Declarations, General Agreements, Provisions, Conditions
and Limitations of this bond, agrees to indemnify the Insured for loss, discovered during the Bond Period, which would otherwise have
been paid under the <B>Primary Bond</B> but for the fact that the loss exceeds the limit of liability of such Primary Bond. Coverage under
this bond shall follow the terms and conditions of the <B>Primary Bond,</B> except with respect to:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in"></TD>
    <TD STYLE="width: 0.25in">a.</TD>
    <TD STYLE="text-align: justify">Any coverage exceptions specified by riders attached to this bond;</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in"></TD>
    <TD STYLE="width: 0.25in">b.</TD>
    <TD STYLE="text-align: justify">The deductible amounts and limits of liability as stated in ITEM 3. of the Declarations; and</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 6pt">&nbsp;</TD>
    <TD STYLE="padding-top: 6pt">c.</TD>
    <TD STYLE="padding-top: 6pt; text-align: justify">The General Agreements, Provisions, Conditions and Limitations set forth herein.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>GENERAL AGREEMENTS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0"></TD>
    <TD STYLE="width: 27pt"><B>A.</B></TD>
    <TD STYLE="text-align: justify"><B>CHANGE OR MODIFICATION OF PRIMARY BOND</B></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 27pt; text-align: justify">If after the inception date of this bond
the <B>Primary Bond</B> is changed or modified, written notice of any such change or modification shall be given to the Underwriter as
soon as practicable, not to exceed thirty (30) days after such change or modification, together with such information as the Underwriter
may request. There shall be no coverage under this bond for any loss arising from or in any way related to such change or modification
until such time as the Underwriter is advised of and specifically agrees by written endorsement to provide coverage for such change or
modification.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0"></TD>
    <TD STYLE="width: 27pt"><B>B.</B></TD>
    <TD STYLE="text-align: justify"><B>LOSS--NOTICE--PROOF--LEGAL PROCEEDINGS</B></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 27pt; text-align: justify">This bond is for the use and benefit only
of the Insured and the Underwriter shall not be liable hereunder for loss sustained by anyone other than the Insured (except that if the
Insured includes such other loss in the Insured&rsquo;s proof of loss, the Underwriter shall consider its liability therefor.) As soon
as practicable and not more than sixty (60) days after discovery of any loss covered hereunder, the Insured shall give the Underwriter
written notice thereof and, as soon as practicable and within one year after such discovery, shall also furnish to the Underwriter affirmative
proof of loss with full particulars. The Underwriter may extend the sixty day notice period or the one year proof of loss period if the
Insured requests an extension and shows good cause therefor.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 27pt; text-align: justify">The Underwriter shall not be liable hereunder
for loss of Securities unless each of the Securities is identified in such proof of loss by a certificate or bond number or by such identification
means as the Underwriter may require. The Underwriter shall have a reasonable period after receipt of a proper affirmative proof of loss
within which to investigate the claim, but where the loss is of Securities and is clear and undisputed, settlement shall be made within
forty-eight (48) hours even if the loss involves Securities of which duplicates may be obtained.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 27pt; text-align: justify">The Insured shall not bring legal proceedings
against the Underwriter to recover any loss hereunder prior to sixty (60) days after filing such proof of loss or subsequent to twenty-four
(24) months after the discovery of such loss or, in the case of a legal proceeding to recover hereunder on account of</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">Excess Bond (10/15)</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 27pt; text-align: justify">any judgment against the Insured in or
settlement of any suit or to recover court costs or attorneys&rsquo; fees paid in any such suit, twenty-four (24) months after the date
of the final judgment in or settlement of such suit. If any limitation in this bond is prohibited by any applicable law, such limitation
shall be deemed to be amended to be equal to the minimum period of limitation permitted by such law.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 24pt 27pt; text-align: justify">Notice hereunder shall be given to Manager,
Professional Liability Claims, ICI Mutual Insurance Company, RRG, 1401 H St. NW, Washington, DC 20005, with an electronic copy to LegalSupport@icimutual.com.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>PROVISIONS, CONDITIONS AND LIMITATIONS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify"><B>SECTION 1. DEFINITIONS</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0"></TD>
    <TD STYLE="width: 27pt"><B>a.</B></TD>
    <TD STYLE="text-align: justify"><B>Deductible Amount</B> means the amount stated in ITEM 3. of the Declarations, applicable to each Single
        Loss. In no event shall this <B>Deductible Amount </B>be reduced for any reason, including but not limited to, the non-existence, invalidity,
        insufficiency or uncollectibility of any <B>Underlying Bond(s)</B>, including the insolvency or dissolution of any Insurer providing coverage
        under any <B>Underlying Bond(s)</B>.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0"></TD>
    <TD STYLE="width: 27pt"><B>b.</B></TD>
    <TD STYLE="text-align: justify"><B>Primary Bond </B>means the bond scheduled in ITEM 4. of the Declarations or any bond that may replace or
        substitute for such bond.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0"></TD>
    <TD STYLE="width: 27pt"><B>c.</B></TD>
    <TD STYLE="text-align: justify"><B>Single Loss </B>means:</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 27pt"></TD>
    <TD STYLE="width: 18pt">(1)</TD>
    <TD STYLE="text-align: justify">all loss resulting from any one actual or attempted theft committed by one person, or</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 27pt"></TD>
    <TD STYLE="width: 18pt">(2)</TD>
    <TD STYLE="text-align: justify">all loss caused by any one act (other than a theft or a dishonest or fraudulent act) committed by one person,
        or</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 27pt"></TD>
    <TD STYLE="width: 18pt">(3)</TD>
    <TD STYLE="text-align: justify">all loss caused by dishonest or fraudulent acts committed by one person, or</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 27pt"></TD>
    <TD STYLE="width: 18pt">(4)</TD>
    <TD STYLE="text-align: justify">all expenses incurred with respect to any one audit or examination, or</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 27pt"></TD>
    <TD STYLE="width: 18pt">(5)</TD>
    <TD STYLE="text-align: justify">all loss caused by any one occurrence or event other than those specified in subsections (1) through (4) above.</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0"></TD>
    <TD STYLE="width: 27pt"><B>d.</B></TD>
    <TD STYLE="text-align: justify"><B>Underlying Bond</B> means the <B>Primary Bond</B> and all other insurance coverage referred to in ITEM
        4. of the Declarations.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify"><B>SECTION 2. SINGLE LOSS LIMIT OF LIABILITY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 0.25in; text-align: justify">The Underwriter&rsquo;s liability for
each <B>Single Loss</B> shall not exceed the Limit of Liability as stated in ITEM 3. of the Declarations.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify"><B>SECTION 3. DISCOVERY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 27pt; text-align: justify">For all purposes under this bond, a loss
is discovered, and discovery of a loss occurs, when the Insured</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 27pt"></TD>
    <TD STYLE="width: 18pt">(1)</TD>
    <TD STYLE="text-align: justify">becomes aware of facts, or</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 27pt"></TD>
    <TD STYLE="width: 18pt">(2)&nbsp;</TD>
    <TD STYLE="text-align: justify">receives notice of an actual or potential claim by a third party which alleges that the Insured is liable
        under circumstances, which would cause a reasonable person to assume that loss covered by this bond has been or is likely to be incurred
        even though the exact amount or details of loss may not be known.</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 14.9pt; text-align: justify; text-indent: -14.9pt"><B>SECTION 4. ASSIGNMENT
OF RIGHTS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 27pt; text-align: justify">Upon payment to the Insured hereunder for
any loss, the Underwriter shall be subrogated to the extent of such payment to all of the Insured&rsquo;s rights and claims in connection
with such loss; provided, however, that the Underwriter shall not be subrogated to any such rights or claims one named Insured under this
bond may have against another named Insured under this bond. At the request of the Underwriter, the Insured shall execute all assignments
or other documents and take such action as the Underwriter may deem necessary or desirable to secure and perfect such rights and claims,
including the execution of documents necessary to enable the Underwriter to bring suit in the name of the Insured.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 27pt; text-align: justify">Assignment of any rights or claims under
this bond shall not bind the Underwriter without the Underwriter&rsquo;s written consent.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify"><B>SECTION 5. COOPERATION OF INSURED</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 27pt; text-align: justify">At the Underwriter&rsquo;s request and
at reasonable times and places designated by the Underwriter the Insured shall:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in"></TD>
    <TD STYLE="width: 0.25in">a.</TD>
    <TD STYLE="text-align: justify">submit to examination by the Underwriter and subscribe to the same under oath, and</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in"></TD>
    <TD STYLE="width: 0.25in">b.</TD>
    <TD STYLE="text-align: justify">produce for the Underwriter&rsquo;s examination all pertinent records, and</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in"></TD>
    <TD STYLE="width: 0.25in">c.</TD>
    <TD STYLE="text-align: justify">cooperate with the Underwriter in all matters pertaining to the loss.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 27pt; text-align: justify">The Insured shall execute all papers and
render assistance to secure for the Underwriter the rights and causes of action provided for under this bond. The Insured shall do nothing
after loss to prejudice such rights or causes of action.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify"><B>SECTION 6. TERMINATION</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 27pt; text-align: justify">The Underwriter may terminate this bond
as to any Insured or all Insureds only by written notice to such Insured or Insureds and, if this bond is terminated as to any investment
company registered under the Investment Company Act of 1940, to each such investment company terminated thereby and to the Securities
and Exchange Commission, Washington, D.C., in all cases not less than sixty (60) days prior to the effective date of termination specified
in such notice.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 27pt; text-align: justify">The Insured may terminate this bond only
by written notice to the Underwriter not less than sixty (60) days prior to the effective date of the termination specified in such notice.
Notwithstanding the foregoing, when the Insured terminates this bond as to any investment company registered under the Investment Company
Act of 1940, the effective date of termination shall be not less than sixty (60) days from the date the Underwriter provides written notice
of the termination to each such investment company terminated thereby and to the Securities and Exchange Commission, Washington, D.C.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 27pt; text-align: justify">This bond will terminate as to any Insured
entity that is not an investment company registered under the Investment Company Act of 1940 immediately and without notice upon (1) the
takeover of such Insured&rsquo;s business by any State or Federal official or agency, or by any receiver or liquidator, or (2) the filing
of a petition under any State or Federal statute relative to bankruptcy or reorganization of the Insured, or assignment for the benefit
of creditors of the Insured.</P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 27pt; text-align: justify">Premiums are earned until the effective
date of termination. The Underwriter shall refund the unearned premium computed at short rates in accordance with the Underwriter&rsquo;s
standard short rate cancellation tables if this bond is terminated by the Insured or pro rata if this bond is terminated by the Underwriter.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 27pt; text-align: justify">Upon the detection by any Insured that
an employee (as defined in the <B>Primary Bond</B>) has committed any dishonest or fraudulent act(s) or theft, the Insured shall immediately
remove such employee from a position that may enable such employee to cause the Insured to suffer a loss by any subsequent dishonest or
fraudulent act(s) or theft. The Insured, within two (2) business days of such detection, shall notify the Underwriter with full and complete
particulars of the detected dishonest or fraudulent act(s) or theft.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 27pt; text-align: justify">For purposes of this section, detection
occurs when any partner, officer, or supervisory employee of any Insured, who is not in collusion with such employee, becomes aware that
the employee has committed any dishonest or fraudulent act(s) or theft.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 27pt; text-align: justify">This bond shall terminate as to any employee
(as defined in the <B>Primary Bond</B>) by written notice from the Underwriter to each Insured and, if such employee is an employee of
an Insured investment company registered under the Investment Company Act of 1940, to the Securities and Exchange Commission, in all cases
not less than sixty (60) days prior to the effective date of termination specified in such notice.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify"><B>SECTION 7. CONFORMITY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 27pt; text-align: justify">If any limitation within this bond is prohibited
by any law controlling this bond&rsquo;s construction, such limitation shall be deemed to be amended so as to equal the minimum period
of limitation provided by such law.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify"><B>SECTION 8. CHANGE OR MODIFICATION</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 27pt; text-align: justify">This bond may only be modified by written
Rider forming a part hereof over the signature of the Underwriter&rsquo;s authorized representative. Any Rider which modifies the coverage
provided by Insuring Agreement A, Fidelity (or the equivalent insuring agreement) of the Primary Bond in a manner which adversely affects
the rights of an Insured investment company registered under the Investment Company Act of 1940 shall not become effective until at least
sixty (60) days after the Underwriter has given written notice thereof to the Securities and Exchange Commission, Washington, D.C., and
to each Insured investment company registered under the Investment Company Act of 1940 affected thereby.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt"><B>SECTION 9. DEDUCTIBLE AMOUNT; LIMIT OF LIABILITY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 27pt; text-align: justify">The Underwriter shall not be liable under
any Insuring Agreement unless the amount of the loss covered thereunder, after deducting the net amount of all reimbursement and/or recovery
received by the Insured with respect to such loss (other than from the <B>Primary Bond </B>or from any other bond, suretyship or insurance
policy), shall exceed the applicable <B>Deductible Amount</B>; in such case the Underwriter shall be liable only for such excess, subject
to the applicable Limit of Liability and other agreements, provisions, conditions and limitations of this bond.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 27pt; text-align: justify">The maximum liability of the Underwriter
for any Single Loss covered by any Insuring Agreement under this bond shall be the Limit of Liability applicable to such Insuring Agreement,
subject to the applicable <B>Deductible Amount</B> and the other agreements, provisions, conditions and limitations of this bond.</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: justify"><B>SECTION 10. COMPLIANCE WITH APPLICABLE TRADE
AND ECONOMIC SANCTIONS</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 27pt; text-align: justify">This bond shall not be deemed to provide
any coverage, and the Underwriter shall not be required to pay any loss or provide any benefit hereunder, to the extent that the provision
of such coverage, payment of such loss or provision of such benefit would cause the Underwriter to be in violation of any applicable trade
or economic sanctions, laws or regulations, including, but not limited to, any sanctions, laws or regulations administered and enforced
by the U.S. Department of Treasury Office of Foreign Assets Control (OFAC).</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="text-align: right"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>ICI MUTUAL INSURANCE COMPANY,</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>a Risk Retention Group</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>INVESTMENT COMPANY BLANKET BOND</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>(EXCESS BOND)</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>RIDER NO. 1</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; border-top: Black 1pt solid; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>INSURED</B></FONT></TD>
    <TD STYLE="width: 60%; border-top: Black 1pt solid; text-align: right; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>BOND
        NUMBER</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 30%; border-bottom: Black 1pt solid; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>John
        Hancock Funds</B></FONT></TD>
    <TD STYLE="width: 40%; border-bottom: Black 1pt solid; line-height: 115%"></TD>
    <TD STYLE="width: 30%; border-bottom: Black 1pt solid; line-height: 115%; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>87142121B</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>EFFECTIVE DATE</B></FONT></TD>
    <TD STYLE="line-height: 115%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>BOND PERIOD</B></FONT></TD>
    <TD STYLE="white-space: nowrap; line-height: 115%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>AUTHORIZED
        REPRESENTATIVE</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="line-height: 115%">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: center">&nbsp;</TD>
    <TD STYLE="line-height: 115%; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; border-bottom: Black 3px double">
    <TD STYLE="line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>December 31, 2021</B></FONT></TD>
    <TD STYLE="line-height: 115%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>December 31,
        2021 to December 31, 2022</B></FONT></TD>
    <TD STYLE="line-height: 115%; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>/s/ Catherine
        Dalton</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Most property and casualty insurers, including ICI
Mutual Insurance Company, a Risk Retention Group (&ldquo;ICI Mutual&rdquo;), are subject to the requirements of the Terrorism Risk Insurance
Act of 2002, as amended (the &ldquo;Act&rdquo;). The Act establishes a federal insurance backstop under which ICI Mutual and these other
insurers may be partially reimbursed by the United States Government for future <B>&ldquo;insured losses&rdquo;</B> resulting from certified
<B>&ldquo;acts of terrorism.&rdquo;</B> (Each of these <B>bolded terms </B>is defined by the Act.) The Act also places certain disclosure
and other obligations on ICI Mutual and these other insurers.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Pursuant to the Act, any future losses to ICI Mutual
caused by certified <B>&ldquo;acts of terrorism&rdquo;</B> may be partially reimbursed by the United Sates government under a formula
established by the Act. Under this formula, the United States government would generally reimburse ICI Mutual for the Federal Share of
Compensation of ICI Mutual&rsquo;s <B>&ldquo;insured losses&rdquo;</B> in excess of ICI Mutual&rsquo;s <B>&ldquo;insurer deductible&rdquo;</B>
until total <B>&ldquo;insured losses&rdquo;</B> of all participating insurers reach $100 billion (the &ldquo;Cap on Annual Liability&rdquo;).
If total <B>&ldquo;insured losses&rdquo; </B>of all property and casualty insurers reach the Cap on Annual Liability in any one calendar
year, the Act limits U.S. Government reimbursement and provides that the insurers will not be liable under their policies for their portions
of such losses that exceed such amount. Amounts otherwise payable under this Bond may be reduced as a result.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">This Bond has no express exclusion for <B>&ldquo;acts
of terrorism.&rdquo;</B> However, coverage under this Bond remains subject to all applicable terms, conditions, and limitations of the
Bond (including exclusions) that are permissible under the Act.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The portion of the premium that is attributable to
any coverage potentially available under the Bond for <B>&ldquo;acts of terrorism&rdquo;</B> is one percent (1%) and does not include
any charges for the portion of loss that may be covered by the U.S. Government under the Act</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">As used herein, &ldquo;Federal Share of Compensation&rdquo;
shall mean 80% beginning on January 1, 2020.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; font: 10pt Arial, Helvetica, Sans-Serif">Except as above stated, nothing herein shall be held to alter, waive or
extend any of the terms of this Bond.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">RN0053.1-01
(05/21)</FONT></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="font: 11pt CG Times (WN); padding-right: 6pt; padding-left: 6pt"><IMG SRC="image_003.jpg" ALT=""></TD>
    <TD COLSPAN="7" STYLE="padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">DECLARATIONS</P>
        <P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">EXCESS INSURANCE POLICY</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 4pt 6pt; border: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">ACCOUNT
        NUMBER</TD>
    <TD COLSPAN="8" STYLE="padding: 4pt 6pt; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt/11.4pt CG Times (WN)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">319423</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 4pt 6pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">COVERAGE
        PROVIDED BY (hereafter Insurer)</TD>
    <TD COLSPAN="8" STYLE="padding: 4pt 6pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt/11.4pt CG Times (WN)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Continental
        Casualty Company</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 4pt 6pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">POLICY
        NUMBER</TD>
    <TD COLSPAN="8" STYLE="padding: 4pt 6pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 11pt/11.4pt CG Times (WN)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">652075432</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 4pt; padding-bottom: 4pt; padding-left: 4pt">Item
        1:&nbsp;&nbsp;<B>NAMED ENTITY AND PRINCIPAL ADDRESS</B></TD>
    <TD COLSPAN="5" STYLE="padding: 4pt 6pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: bold 10pt Arial, Helvetica, Sans-Serif; text-align: center">PRODUCER</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 4pt 6pt 4pt 4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">John Hancock Funds</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">601 Congress St</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Boston, MA 02210</P> </TD>
    <TD COLSPAN="5" STYLE="text-align: left; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 4pt 6pt; vertical-align: bottom">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">AON RISK SERVICES NORTHEAST INC</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">53 STATE ST FL 22</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">BOSTON, MA 02109-2820</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 4pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 4pt; padding-bottom: 4pt">Attn:</TD>
    <TD COLSPAN="5" STYLE="padding: 4pt 6pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="padding: 4pt 6pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif">Alexander&nbsp;&nbsp;Minier</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 12pt 5.4pt 6pt; font: 10pt Arial, Helvetica, Sans-Serif">Item 2.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 12pt; padding-right: 6pt; padding-left: 6pt"><B>Policy Period</B>:</TD>
    <TD COLSPAN="4" STYLE="padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 12pt 0 0"><U>12/31/2021</U> To <U>12/31/2022</U></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0">12:01 a.m. Standard Time at the Principal Address stated in Item 1.</P></TD>
    <TD COLSPAN="5" STYLE="padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0">Item 3. <B>Limit of Liability</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0">$6,300,000 maximum aggregate Limit of Liability under the Policy</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt">Item 4.</TD>
    <TD COLSPAN="10" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 12pt; padding-right: 5.4pt; padding-left: 5.4pt">Schedule of
        <B>Underlying Insurance:</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">A. <B>Followed Policy</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">Name of Carrier</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-right: 5.4pt; padding-left: 10pt">Policy No</TD>
    <TD COLSPAN="3" STYLE="text-align: center; font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">Limits</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">Ded/Ret Amount</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">Federal Insurance
        Company</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-right: 5.4pt; padding-left: 10pt">81906724</TD>
    <TD COLSPAN="3" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">$15,000,000</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">$150,000</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0">B. <B>Underlying Excess Policies</B>: &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9;***
        SEE ATTACHED SCHEDULE ***</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; padding-right: -4.35pt; padding-left: 5.4pt; text-align: justify">Item 5.</TD>
    <TD COLSPAN="2" STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; padding-right: -1.45pt; padding-left: 5.4pt; text-align: justify">Policy
        Premium</TD>
    <TD COLSPAN="8" STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; padding-right: -1.45pt; padding-left: 5.4pt; text-align: justify">$19,845</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: -1.45pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: -1.45pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; padding-right: -1.45pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="2" STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; padding-right: -1.4pt; padding-left: 6pt; text-align: justify">Item
        6.</TD>
    <TD COLSPAN="7" STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; padding-right: -1.4pt; padding-left: 6pt; text-align: justify">Notices
        of Claims:&nbsp;&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; padding-right: -1.4pt; padding-left: 6pt; text-align: justify">All
        other Notices:</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">CNA &ndash; Claims Reporting</P>
        <P STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">P.O. Box 8317</P>
        <P STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Chicago, IL 60680-8317</P>
        <P STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Email address: SpecialtyProNewLoss@cna.com</P>
        <P STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Fax Number: 866-773-7504</P>
        <P STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD COLSPAN="3" STYLE="padding-right: 6pt; padding-left: 6pt">
        <P STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">Open Brokerage Global Specialty Lines</P>
        <P STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">CNA Insurance Company</P>
        <P STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">125 Broad Street &ndash; 8<SUP>th</SUP> Floor</P>
        <P STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">New York, NY 10004</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0pt 6pt">
        <P STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Item 7.</P>
    <TD COLSPAN="10" STYLE="padding: 0pt -1.4pt 0pt 6pt; font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; text-align: justify">&nbsp;Endorsements
        forming a part of this Policy at inception: N/A</TD></TR>
  <TR>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 17%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 27%">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 6pt; text-align: justify">These Declarations, along with the
completed and signed Application, the Policy, and any written endorsements attached thereto shall constitute the contract between the
Insureds and the Insurer.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 24%; padding-right: -1.4pt; font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; text-align: justify">Authorized Representative:</TD>
    <TD STYLE="width: 35%; padding-right: -1.4pt; font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; text-align: justify">/s/ Dino Robusto <FONT STYLE="color: #1F497D"></FONT></TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 6%; padding-right: -1.4pt; font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; text-align: justify">Date:</TD>
    <TD STYLE="width: 20%; padding-right: -1.4pt; font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; text-align: justify">April 12, 2022</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; padding-right: -1.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; padding-right: -1.4pt; text-align: justify"></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; padding-right: -1.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: 10pt/10.45pt Arial, Helvetica, Sans-Serif; padding-right: -1.4pt; text-align: justify">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 33%">G-22076-B(c) (ED. 06-10)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">1</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 33%">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center"> &copy; CNA All Rights Reserved.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD> </TR>
  </TABLE>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; padding-bottom: 12pt; border-bottom: Silver 2px solid"></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>UNDERLYING EXCESS POLICY SCHEDULE</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 31%; border: Black 1pt solid; padding: 4pt; text-align: justify"><B>Name of Carrier</B></TD>
    <TD STYLE="width: 23%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 4pt; text-align: justify"><B>Policy
        No.</B></TD>
    <TD STYLE="width: 23%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 4pt; text-align: justify"><B>Limits</B></TD>
    <TD STYLE="width: 23%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 4pt; text-align: justify"><B>Excess
        of</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 4pt; text-align: left">ICI
        Mutual Insurance Company</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 4pt; text-align: justify">87142121B </TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 4pt; text-align: justify">$15,000,000</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 4pt; text-align: justify">$15,000,000</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 33%">G-22076-B(c) (ED. 06-10)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">2</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 33%">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center"> &copy; CNA All Rights Reserved.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD> </TR>
  </TABLE>

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    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
  <TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="padding-bottom: 1px; width: 50%"><IMG SRC="image_003.jpg" ALT=""></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; width: 50%"><B>EXCESS INSURANCE POLICY</B></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Words
defined in the Followed Policy have the same meaning in this Policy even if not defined herein. </B></FONT><B>In consideration of the
payment of the premium and in reliance upon the applications submitted to the Insurer or any insurer of the Underlying Insurance, and
any other material submitted in connection with such applications (all of which are deemed attached hereto and made a part hereof) the
Insurer and the Insureds agree as follows:</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding: 4pt 0.6pt; width: 3%; font: 11pt CG Times (WN)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>I.</B></FONT></TD>
    <TD STYLE="padding: 4pt 0.6pt; width: 97%; font: 11pt CG Times (WN)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>FOLLOW
        FORM EXCESS COVERAGE</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 18pt">The Insurer shall provide coverage in accordance with all of
the terms, conditions and limitations (including, but not limited to the exclusions and notice requirements) of the policy scheduled in
Item 4.A. of the Declarations (hereafter &ldquo;<B>Followed Policy</B>&rdquo;) except as otherwise set forth herein. Coverage hereunder
shall attach only after all of the aggregate Limits of Liability, as set forth in Item 4. of the Declarations have been exhausted through
payment of covered loss under all policies scheduled in Item 4. of the Declarations (hereafter &ldquo;<B>Underlying Insurance</B>&rdquo;)
by or on behalf of the insurers of such <B>Underlying Insurance</B>, or by or on behalf of the Insureds. The risk of uncollectibility
of any <B>Underlying Insurance</B> (in whole or in part), whether because of financial impairment or insolvency of an underlying insurer
or for any other reason, is expressly retained by the Insureds and is not insured by or assumed by the Insurer.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding: 4pt 0.6pt; width: 3%; font: 11pt CG Times (WN)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>II.</B></FONT></TD>
    <TD STYLE="padding-top: 4pt; width: 97%; padding-bottom: 4pt; padding-left: 0.6pt; font: 11pt CG Times (WN)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>LIMIT
        OF LIABILITY</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 18pt">The amount set forth in Item 3. of the Declarations shall be
the maximum aggregate Limit of Liability of the Insurer for all loss under this Policy, regardless of the number of claims made against
the Insureds or the time of payment and regardless of whether or not an extended reporting period applies. If the Limit of Liability under
this Policy is exhausted by payment of loss, the Insurer&rsquo;s obligations under this Policy shall be deemed completely fulfilled and
extinguished.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding: 4pt 0.6pt; width: 3%; font: 11pt CG Times (WN)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>III.</B></FONT></TD>
    <TD STYLE="padding: 4pt 0.6pt; width: 97%; font: 11pt CG Times (WN)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>CHANGES
        TO UNDERLYING INSURANCE/DEPLETION OF SUB-LIMITS</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 18pt; text-align: justify">If, subsequent to the inception date of
this Policy, there is a change to any <B>Underlying Insurance </B>which expands coverage, then this Policy shall become subject to such
change only if the Insurer agrees thereto by written endorsement to this Policy. If any loss under any <B>Underlying Insurance</B> is
subject to a sub-limit, then this Policy provides no coverage excess of such <B>Underlying Insurance </B>sub-limit, but the <B>Underlying
Insurance </B>shall be deemed depleted by payment of any such sub-limit.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding: 4pt 0.6pt; width: 3%; font: 11pt CG Times (WN)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>IV.</B></FONT></TD>
    <TD STYLE="padding: 4pt 0.6pt; width: 97%; font: 11pt CG Times (WN)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>INSURER
        RIGHTS/COOPERATION CLAUSE</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 18pt">The Insurer has the same rights and protections as has the insurer
of the <B>Followed Policy </B>and has the right, but not the obligation, at its sole discretion, to elect to participate in the investigation,
settlement, prosecution or defense of any claim reasonably likely to attach to and be covered under this Policy or any <B>Underlying Insurance,</B>
even if the <B>Underlying Insurance</B> has not been exhausted. The Insureds shall cooperate with the Insurer in such investigation, settlement,
prosecution or defense and shall do nothing that prejudices the Insurer&rsquo;s position or rights of recovery.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding: 4pt 0.6pt; width: 3%; font: 11pt CG Times (WN)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>V.</B></FONT></TD>
    <TD STYLE="padding: 4pt 0.6pt; width: 97%; font: 11pt CG Times (WN)"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>NOTICES
        </B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 17.9pt; text-align: justify">Where notice is permitted or required
by the <B>Followed Policy</B>, the Insureds have the same rights and obligations to notify the Insurer under this Policy, except that
such notice shall be given to the Insurer at the applicable address specified in Item 6. of the Declarations.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">IN WITNESS WHEREOF, the Insurer has caused this
Policy to be executed by its Chairman and Secretary, but this Policy shall not be binding upon us unless completed by the attachment of
the Declarations:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 40%; border: white 1pt solid; font: 11pt Arial, Helvetica, Sans-Serif; padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">Chairman&#9;</FONT></TD>
    <TD STYLE="width: 20%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 40%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 11pt Arial, Helvetica, Sans-Serif; padding: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-size: 10pt">Secretary</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border: white 1pt solid; font: 11pt Arial, Helvetica, Sans-Serif; padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; font: 11pt Arial, Helvetica, Sans-Serif; padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Arial, Helvetica, Sans-Serif; padding: 0; text-align: left; vertical-align: bottom; text-indent: 0">/s/ Dino Robusto</TD>
    <TD STYLE="text-align: left; vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="font: 11pt Arial, Helvetica, Sans-Serif; padding: 0; text-align: left; vertical-align: bottom; text-indent: 0">/s/ Stathy Darcy</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Arial, Helvetica, Sans-Serif; padding: 0; text-align: left; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; font: 11pt Arial, Helvetica, Sans-Serif; padding: 0; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 33%">G-22075-B (Ed. 06-10)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">- 1 -</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 33%">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center"> &copy; CNA All Rights Reserved.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD> </TR>
  </TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt">
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 33%">G-22075-B (Ed. 02/10)</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; width: 34%">- 2 -</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 33%">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; vertical-align: top; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: left">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: center"> &copy; CNA All Rights Reserved.</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</TD> </TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding: 5.4pt; width: 50%; text-align: left"><FONT STYLE="font-size: 10pt"><B>John Hancock Bond Trust</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; padding: 5.4pt; width: 50%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Financial Opportunities Fund</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock California Tax-Free Income Fund</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Hedged Equity &amp; Income Fund</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Capital Series </B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Income Securities Trust</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Collateral Trust</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Investors Trust</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Current Interest </B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Preferred Income Fund </B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Exchange-Traded-Fund Trust</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Preferred Income Fund II</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Funds II</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Preferred Income Fund III</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Funds III</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Premium Dividend Fund</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Investment Trust</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Tax-Advantaged Dividend Income Fund</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Investment Trust II</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Tax-Advantaged Global Shareholder Yield Fund</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Municipal Securities Trust</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Sovereign Bond Fund</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Strategic Series</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left"><FONT STYLE="font-size: 10pt"><B>John
        Hancock Variable Insurance Trust</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 5.4pt; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B><I>(Collectively referred to as the &ldquo;Trusts&rdquo;
and the series are collectively referred to as the &ldquo;Funds&rdquo;)</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I><U>2021-2022 Joint Financial Institutions (Fidelity)
Bond (the &ldquo;Joint Bond&rdquo;)</U></I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>WHEREAS</B>, Rule 17g-1 under the 1940 Act governs
the required bonding of the Trusts&rsquo; officers and employees under a joint fidelity bond;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>WHEREAS</B>, the Trustees desire to approve the
Joint Bond for a one- year term ending December 31, 2022; and</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>WHEREAS</B>, the Trustees of the Trusts have considered
the allocation of premiums for the Joint Bond among the John Hancock Trusts and have determined that the allocation should be based on
the premium (including tax) of <B>$123,456</B> it is:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>RESOLVED</B>, that the Joint Bond issued by Federal
Insurance Company (Chubb), ICI Mutual Insurance Company and Continental Casualty Insurance Company, covering each officer and employee
of the Trusts against larceny and embezzlement, in the amount of <B>$36.3 million</B> for a one-year term ending December 31, 2022, and
in the proposed</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">form presented at this meeting, after consideration
of all factors deemed relevant by the Board, including, but not limited to: (i) the expected value of the aggregate assets of the Trusts
to which any officer or employee of such Trusts may have access; (ii) the type and terms of the arrangements made for the custody and
safekeeping of such assets; and (iii) the nature of the securities in the John Hancock Trusts&rsquo; portfolios, be, and it hereby is,
determined to be reasonable in form and amount, and hereby approved;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>FURTHER RESOLVED</B>, that the portion of the premium
for the Joint Bond to be paid by each Trust, in substantially the form presented at this Meeting, after consideration of all factors deemed
relevant by the Board, including, but not limited to: (i) the number of the other parties named as insureds; (ii) the nature of the business
activities of such other parties; (iii) the amount of the Joint Bond; (iv) the amount of the premium for such Joint Bond; (v) the ratable
allocation of the premium among all parties named as insureds; and (vi) the extent to which the share of the premium allocated to each
Trust is less than the premium such Trust would have had to pay if it had provided and maintained a single insured bond, be, and it hereby
is, approved; and</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>FURTHER RESOLVED</B>, that the appropriate officers
of the Trusts be, and each hereby is, authorized to increase the amount of the Joint Bond coverage from time to time to ensure adequate
coverage based upon the value of the Trusts&rsquo; assets and to enable the Trusts to remain in compliance with the 1940 Act and the rules
promulgated thereunder;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>FURTHER RESOLVED</B>, that the Joint Insured Bond
Agreement among the Trusts (the &ldquo;Joint Bond Agreement&rdquo;), in substantially the form presented at this Meeting, providing in
substance that, in the event any recovery is received under the Joint Bond as a result of a loss sustained by the Trusts and any one or
more other named insureds, the Trusts shall receive an equitable and proportionate share of the recovery, but in no event less than the
amount it would have received had it provided and maintained a single bond with the minimum coverage required by paragraph (d)(1) of Rule
17g-1 under the 1940 Act, be, and it hereby is, approved;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>FURTHER RESOLVED</B>, that the Secretary of the
Trusts or his delegate be, and each hereby is, authorized to make all necessary filings and give all notices and information with respect
to such Joint Bond and the Joint Bond Agreement required by paragraph (g) of Rule 17g-1 under the 1940 Act; and</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>FURTHER RESOLVED</B>, that the appropriate officers of the Trusts be,
and each hereby is, authorized to make any and all payments and to do any and all such further acts, in the name of the Trusts and on
its behalf, as they, or any of them, may determine to be necessary or desirable and proper, with the advice of counsel, in connection
with or in furtherance of the foregoing resolutions.</P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Agreement Relating to Joint Insured Bond</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">WHEREAS, each of the parties hereto is a named insured
under a &ldquo;joint insured bond,&rdquo; as that term is defined in Rule 17g-1 under the Investment Company Act of 1940 (the &ldquo;1940
Act&rdquo;); and</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">WHEREAS, Rule 17g-1(f) under the 1940 Act requires an
agreement between all the named insureds under a joint insured bond;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">NOW, THEREFORE, the parties hereto hereby agree as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">In the event recovery is received under the joint insured
bond as a result of a loss sustained by any two or more of the named insureds, each insured shall receive an equitable and proportionate
share of the recovery, but at least equal to the amount which it would have received had it provided and maintained a single insured bond
with the minimum coverage required by paragraph (d)(1) of Rule 17g-1 under the 1940 Act.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">IN WITNESS WHEREOF, each of the parties hereto has caused
this Agreement to be executed on its behalf by the undersigned thereunto duly authorized on January 6, 2021.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK BOND TRUST</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>on behalf of each of its series</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK CAPITAL SERIES</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>on behalf of each of its series</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK CALIFORNIA TAX-FREE INCOME FUND</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>on behalf of each of its series</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK COLLATERAL TRUST</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>On behalf of each of its series</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK CURRENT INTEREST</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>on behalf of each of its series</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left"><B>JOHN HANCOCK EXCHANGE-TRADED FUND TRUST</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left"><B>on behalf of each of its series </B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK FUNDS II</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>on behalf of each of its Series</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>John HANCOCK FUNDS III</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>on behalf of each of its series</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK INVESTMENT TRUST</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>on behalf of each of its series</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK INVESTMENT TRUST II</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>on behalf of each of its series</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK MUNICIPAL SERIES TRUST</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>on behalf of each of its series</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 70 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK SOVEREIGN BOND FUND</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>on behalf of its of its series</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK STRATEGIC SERIES</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>on behalf of each of its series</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left"><B>JOHN HANCOCK VARIABLE INSURANCE TRUST</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>on behalf of each of its Series</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK FINANCIAL OPPORTUNITIES FUND</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left"><B>JOHN HANCOCK HEDGED EQUITY &amp; INCOME FUND</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK INCOME SECURITIES TRUST</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK INVESTORS TRUST</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK PREFERRED INCOME FUND</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK PREFERRED INCOME FUND II</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK PREFERRED INCOME FUND III</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>JOHN HANCOCK PREMIUM DIVIDEND FUND</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left"><B>JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INCOME FUND</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: left"><B>JOHN HANCOCK TAX-ADVANTAGED GLOBAL SHAREHOLDER YIELD
        FUND</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Executed
        on behalf of each Trust and its relevant Series referenced above:</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 7%; padding-right: 0; padding-left: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; width: 40%; padding-right: 0; padding-left: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">/s/
        Betsy Anne Seel</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 53%; padding-right: 0; padding-left: 0; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 0; padding-left: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Name:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 0; padding-left: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Betsy
        Anne Seel</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 0; padding-left: 0; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 0; padding-left: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Title:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 0; padding-left: 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Assistant
        Secretary</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-right: 0; padding-left: 0; text-align: justify">&nbsp;</TD></TR>
  </TABLE>

<!-- Field: Page; Sequence: 72 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Silver 2px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; border-collapse: collapse; width: 100%"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">STATEMENT REGARDING SINGLE BOND AMOUNT</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">If the investment companies shown below had not been named as an insured
under this joint insured bond, they would have provided and maintained a single bond in the amount of at least:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: rgb(210,247,250)">
    <TD STYLE="padding: 4pt; width: 70%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Bond Trust</FONT></TD>
    <TD STYLE="padding: 4pt; width: 15%">&nbsp;</TD>
    <TD STYLE="padding: 4pt; width: 15%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$2,500,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock California Tax-Free Income
        Fund</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$600,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(210,247,250)">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Capital Series</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$2,500,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Collateral Trust</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,250,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(210,247,250)">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Current Interest</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,250,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Exchange-Traded Fund Trust</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$2,500,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(210,247,250)">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Financial Opportunities Fund</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Funds II</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$2,500,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(210,247,250)">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Funds III</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$2,500,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Hedged Equity &amp; Income
        Fund</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$600,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(210,247,250)">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Income Securities Trust</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$750,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Investment Trust</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$2,500,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(210,247,250)">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Investment Trust II</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,700,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Investors Trust</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$600,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(210,247,250)">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Municipal Securities Trust</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$900,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Preferred Income Fund</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(210,247,250)">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Preferred Income Fund II</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$900,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Preferred Income Fund III</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(210,247,250)">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Premium Dividend Fund</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,250,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Sovereign Bond Fund</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$2,500,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(210,247,250)">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Strategic Series</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,700,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Tax-Advantaged Dividend Income
        Fund</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$1,250,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(210,247,250)">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Tax-Advantaged Global Shareholder
        Yield Fund</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$400,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">John Hancock Variable Insurance Trust</FONT></TD>
    <TD STYLE="padding: 4pt">&nbsp;</TD>
    <TD STYLE="padding: 4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">$2,500,000</FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">PREMIUM PERIOD</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">Premiums have been paid for the period <B>December 31, 2021 to December
31, 2022</B>.</P>

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    <!-- Field: /Page -->

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
