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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001010521-09-000377.txt : 20090403
<SEC-HEADER>0001010521-09-000377.hdr.sgml : 20090403
<ACCEPTANCE-DATETIME>20090403113746
ACCESSION NUMBER:		0001010521-09-000377
CONFORMED SUBMISSION TYPE:	40-17G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20090403
DATE AS OF CHANGE:		20090403
EFFECTIVENESS DATE:		20090403

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HANCOCK JOHN PATRIOT PREMIUM DIVIDEND FUND II
		CENTRAL INDEX KEY:			0000855886
		IRS NUMBER:				043097281
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		40-17G
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05908
		FILM NUMBER:		09730715

	BUSINESS ADDRESS:	
		STREET 1:		C/O JOHN HANCOCK FUNDS
		STREET 2:		601 CONGRESS STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02210
		BUSINESS PHONE:		617-663-3000

	MAIL ADDRESS:	
		STREET 1:		C/O JOHN HANCOCK FUNDS
		STREET 2:		601 CONGRESS STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PATRIOT PREMIUM DIVIDEND FUND II
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-17G
<SEQUENCE>1
<FILENAME>fidelitybond17gjhf.htm
<DESCRIPTION>JOHN HANCOCK PATRIOT PREMIUM DIVIDEND FUND II
<TEXT>

<HTML>
<HEAD>
   <TITLE>fidelitybond17gjhf.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

<!--$$/page=-->
<A name="page_1"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="51%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT face=sans-serif size=2>Chubb Group of Insurance Companies</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="46%"><FONT face=sans-serif>DECLARATIONS</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="51%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="46%"><FONT face=sans-serif>FINANCIAL INSTITUTION INVESTMENT</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="51%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=1>15 Mountain View Road, Warren, New Jersey 07059</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="46%"><FONT face=sans-serif>COMPANY ASSET PROTECTION BOND</FONT> </TD></TR>
<TR>
     <TD width="51%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="46%"></TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="51%"><FONT face=sans-serif size=2>NAME OF ASSURED (including its </FONT><B><FONT face=sans-serif size=2>Subsidiaries):</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="46%"><FONT face=sans-serif size=2>Bond Number: 81906724</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="51%"><FONT face=sans-serif size=2>JOHN HANCOCK FUNDS</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="46%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="51%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="46%"><B><FONT face=sans-serif size=2>FEDERAL INSURANCE COMPANY</FONT></B> </TD></TR>
<TR>
     <TD width="51%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="46%">&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="51%"><FONT face=sans-serif size=2>601 CONGRESS STREET</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="46%"><FONT face=sans-serif size=1>Incorporated under the laws of Indiana</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="51%"><FONT face=sans-serif size=2>BOSTON, MA 02210</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="46%"><FONT face=sans-serif size=1>a stock insurance company herein called the COMPANY</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="51%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="46%"><FONT face=sans-serif size=1>Capital Center, 251 North Illinois, Suite 1100</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="51%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="46%"><FONT face=sans-serif size=1>Indianapolis, IN 46204-1927</FONT> </TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="8%" colSpan=3>&nbsp;<B><FONT face=sans-serif size=2>ITEM1.</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=sans-serif size=2>BOND</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="42%" colSpan=4><SUP><FONT face=sans-serif size=2>from </FONT></SUP><FONT face=sans-serif size=2>12:01 a.m. on <FONT face=sans-serif size=2>12:01 </FONT></FONT><FONT face=sans-serif size=2>July 15, 2008</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="18%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="22%" colSpan=2><FONT face=sans-serif size=2><SUP><FONT face=sans-serif size=2>to </FONT></SUP><FONT face=sans-serif size=2>a.m. on</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;July 15, 2009</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD></TR>
<TR>
     <TD width="90%" colSpan=13>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="8%" colSpan=3>&nbsp;<B><FONT face=sans-serif size=2>ITEM 2.</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="44%" colSpan=5>&nbsp;<FONT face=sans-serif size=2>LIMITS OF LIABILITY-DEDUCTIBLE AMOUNTS:</FONT> </TD>
     <TD noWrap align=left width="14%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD></TR>
<TR>
     <TD width="8%" colSpan=3>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="44%" colSpan=5></TD>
     <TD width="14%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="2%"></TD>
     <TD width="18%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="80%" colSpan=9>&nbsp;<FONT face=sans-serif size=2>If "Not Covered" is inserted below opposite any specified INSURING CLAUSE, such INSURING CLAUSE</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="80%" colSpan=9>&nbsp;<FONT face=sans-serif size=2>and any other reference shall be deemed to be deleted. </FONT><B><FONT face=sans-serif size=2>There shall be no deductible applicable to any</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="80%" colSpan=9>&nbsp;<B><FONT face=sans-serif size=2>loss under INSURING CLAUSE 1. sustained by any Investment Company.</FONT></B> </TD></TR>
<TR>
     <TD width="90%" colSpan=13>&nbsp; </TD></TR>
<TR>
     <TD noWrap align=left width="24%" colSpan=5></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="18%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="22%" colSpan=2></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="2%"></TD>
     <TD noWrap align=center width="18%"><FONT face=sans-serif size=2>DEDUCTIBLE</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="24%" colSpan=5><FONT face=sans-serif size=2>INSURING CLAUSE</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="22%" colSpan=2>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>LIMIT OF LIABILITY</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD noWrap align=center width="18%"><FONT face=sans-serif size=2>AMOUNT</FONT> </TD></TR>
<TR>
     <TD width="90%" colSpan=13>
<HR noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>1.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="20%" colSpan=3><FONT face=sans-serif size=2>Employee</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="14%"><FONT face=sans-serif size=2>20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="18%"><FONT face=sans-serif size=2>0</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>2.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="20%" colSpan=3><FONT face=sans-serif size=2>On Premises</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="14%"><FONT face=sans-serif size=2>20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="18%"><FONT face=sans-serif size=2>150,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>3.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="20%" colSpan=3><FONT face=sans-serif size=2>In Transit</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="14%"><FONT face=sans-serif size=2>20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="18%"><FONT face=sans-serif size=2>150,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>4.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="20%" colSpan=3><FONT face=sans-serif size=2>Forgery or Alteration</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="14%"><FONT face=sans-serif size=2>20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="18%"><FONT face=sans-serif size=2>150,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>5.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="20%" colSpan=3><FONT face=sans-serif size=2>Extended Forgery</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="14%"><FONT face=sans-serif size=2>20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="18%"><FONT face=sans-serif size=2>150,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>6.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="20%" colSpan=3><FONT face=sans-serif size=2>Counterfeit Money</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="14%"><FONT face=sans-serif size=2>20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="18%"><FONT face=sans-serif size=2>150,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>7.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="20%" colSpan=3><FONT face=sans-serif size=2>Threats to Person</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="14%"><FONT face=sans-serif size=2>20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="18%"><FONT face=sans-serif size=2>150,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>8.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="20%" colSpan=3><FONT face=sans-serif size=2>Computer System</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="14%"><FONT face=sans-serif size=2>20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="18%"><FONT face=sans-serif size=2>150,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>9.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%" colSpan=5><FONT face=sans-serif size=2>Voice Initiated Funds Transfer Instruction</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="14%"><FONT face=sans-serif size=2>20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="18%"><FONT face=sans-serif size=2>150,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>10</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%" colSpan=5><FONT face=sans-serif size=2>Uncollectible Items of Deposit</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="14%"><FONT face=sans-serif size=2>20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="18%"><FONT face=sans-serif size=2>150,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>11</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="20%" colSpan=3><FONT face=sans-serif size=2>Audit Expense</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="14%"><FONT face=sans-serif size=2>150,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%"><FONT face=sans-serif size=2>$</FONT> </TD>
     <TD noWrap align=right width="18%"><FONT face=sans-serif size=2>0</FONT> </TD></TR>
<TR>
     <TD width="90%" colSpan=13>&nbsp; </TD></TR>
<TR>
     <TD width="90%" colSpan=13>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="8%" colSpan=3><B><FONT face=sans-serif size=2>ITEM 3.</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="80%" colSpan=9><FONT face=sans-serif size=2>THE LIABILITY OF THE COMPANY IS ALSO SUBJECT TO THE TERMS OF THE FOLLOWING</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="58%" colSpan=6><FONT face=sans-serif size=2>ENDORSEMENTS EXECUTED SIMULTANEOUSLY HEREWITH:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD></TR>
<TR>
     <TD width="90%" colSpan=13>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><B><FONT face=serif size=2>1-11</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD noWrap align=left width="14%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD></TR></TABLE><BR>
<P align=left><B><FONT face=sans-serif size=2>IN WITNESS WHEREOF, THE COMPANY </FONT></B><FONT face=sans-serif size=2>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.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD noWrap align=left width="13%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=center width="35%"><U>/s/ W. Andrew Mason</U></TD>
     <TD width="2%"></TD>
     <TD noWrap align=center width="46%"><U>/s/ Thomas F. Motamed</U></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="35%"><FONT face=sans-serif size=1>Secretary</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="46%"><FONT face=sans-serif size=1>President</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="13%"><FONT face=sans-serif size=1>Countersigned by</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="35%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="46%">&nbsp; <U>/s/ Robert Hamburger</U></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="35%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="46%"><FONT face=sans-serif size=1>Authorized Representative</FONT> </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 703px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="44%"><FONT face=sans-serif size=1>ICAP Bond (5-98) - Federal</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="53%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="44%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="53%"><FONT face=sans-serif size=1>Page 1 of 1</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_2"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=7><FONT face=sans-serif size=2>The COMPANY, in consideration of payment of the required premium, and in reliance</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=7><FONT face=sans-serif size=2>on the APPLICATION and all other statements made and information furnished to the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=7><FONT face=sans-serif size=2>COMPANY by the ASSURED, and subject to the DECLARATIONS made a part of this</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=7><FONT face=sans-serif size=2>Bond and to all other terms and conditions of this Bond, agrees to pay the ASSURED</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%"><FONT face=sans-serif size=2>for:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="56%">&nbsp; </TD></TR>
<TR>
     <TD width="98%" colSpan=9>&nbsp; </TD></TR>
<TR>
     <TD width="98%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%"><I><FONT face=sans-serif>Insuring Clauses</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="56%">&nbsp; </TD></TR>
<TR>
     <TD width="20%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="7%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="3%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="56%"></TD></TR>
<TR>
     <TD width="98%" colSpan=9>&nbsp; </TD></TR>
<TR>
     <TD width="98%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%"><I><FONT face=sans-serif size=2>Employee</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%"><FONT face=sans-serif size=2>1.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>Loss resulting directly from </FONT><B><FONT face=sans-serif size=2>Larceny </FONT></B><FONT face=sans-serif size=2>or </FONT><B><FONT face=sans-serif size=2>Embezzlement </FONT></B><FONT face=sans-serif size=2>committed by any</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="98%" colSpan=9><B><FONT face=sans-serif size=2>Employee, </FONT></B><FONT face=sans-serif size=2>alone or in collusion with others.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=9>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%"><I><FONT face=sans-serif size=2>On Premises</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%"><FONT face=sans-serif size=2>2.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>Loss of </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>resulting directly from robbery, burglary, false pretenses,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>common law or statutory larceny, misplacement, mysterious unexplainable</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>disappearance, damage, destruction or removal, from the possession, custody or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>control of the ASSURED, while such </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>is lodged or deposited at premises</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>located anywhere.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=9>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%"><I><FONT face=sans-serif size=2>In Transit</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%"><FONT face=sans-serif size=2>3.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>Loss of </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>resulting directly from common law or statutory larceny,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>misplacement, mysterious unexplainable disappearance, damage or destruction,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>while the </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>is in transit anywhere:</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%"><FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=3><FONT face=sans-serif size=2>in an armored motor vehicle, including loading and unloading thereof,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%"><FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=3><FONT face=sans-serif size=2>in the custody of a natural person acting as a messenger of the ASSURED,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>or</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="56%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%"><FONT face=sans-serif size=2>c.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=3><FONT face=sans-serif size=2>in the custody of a </FONT><B><FONT face=sans-serif size=2>Transportation Company </FONT></B><FONT face=sans-serif size=2>and being transported in a</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=3><FONT face=sans-serif size=2>conveyance other than an armored motor vehicle provided, however, that</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=3><FONT face=sans-serif size=2>covered </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>transported in such manner is limited to the following:</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="56%"><FONT face=sans-serif size=2>written records,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="56%"><FONT face=sans-serif size=2>securities issued in registered form, which are not endorsed or are</FONT> </TD></TR>
<TR>
     <TD noWrap align=left width="20%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="7%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="3%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="4%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="56%"><FONT face=sans-serif size=2>restrictively endorsed, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(3)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="56%"><FONT face=sans-serif size=2>negotiable instruments not payable to bearer, which are not endorsed</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="56%"><FONT face=sans-serif size=2>or are restrictively endorsed.</FONT> </TD></TR>
<TR>
     <TD width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="3%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="56%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>Coverage under this INSURING CLAUSE begins immediately on the receipt of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>such </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>by the natural person or </FONT><B><FONT face=sans-serif size=2>Transportation Company </FONT></B><FONT face=sans-serif size=2>and ends</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>immediately on delivery to the premises of the addressee or to any representative</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" noWrap align=left width="20%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" noWrap align=left width="7%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>of the addressee located anywhere.</FONT> </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 747px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="44%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="44%"><FONT face=sans-serif size=1>Page 1 of 19</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_3"></A>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><I><FONT face=sans-serif>Insuring Clauses</FONT></I><BR>
<I><FONT face=sans-serif size=2>(continued)</FONT></I></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-TOP: #000000 1pt solid" noWrap align=left width="20%"><I><FONT face=sans-serif size=2>Forgery Or Alteration</FONT></I> </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" noWrap align=left width="6%"><FONT face=sans-serif size=2>4.</FONT> </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>Loss resulting directly from:</FONT> </TD></TR>
<TR>
     <TD width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="67%" colSpan=5></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><B><FONT face=sans-serif size=2>Forgery </FONT></B><FONT face=sans-serif size=2>on, or fraudulent material alteration of, any bills of exchange,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>checks, drafts, acceptances, certificates of deposits, promissory notes, due</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>bills, money orders, orders upon public treasuries, letters of credit, other</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>written promises, orders or directions to pay sums certain in money, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>receipts for the withdrawal of </FONT><B><FONT face=sans-serif size=2>Property, </FONT></B><FONT face=sans-serif size=2>or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>transferring, paying or delivering any funds or other </FONT><B><FONT face=sans-serif size=2>Property, </FONT></B><FONT face=sans-serif size=2>or establishing</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>any credit or giving any value in reliance on any written instructions, advices</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>or applications directed to the ASSURED authorizing or acknowledging the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>transfer, payment, delivery or receipt of funds or other </FONT><B><FONT face=sans-serif size=2>Property, </FONT></B><FONT face=sans-serif size=2>which</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>instructions, advices or applications fraudulently purport to bear the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>handwritten signature of any customer of the ASSURED, or shareholder or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>subscriber to shares of an </FONT><B><FONT face=sans-serif size=2>Investment Company, </FONT></B><FONT face=sans-serif size=2>or of any financial</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>institution or </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>but which instructions, advices or applications either</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>bear a </FONT><B><FONT face=sans-serif size=2>Forgery </FONT></B><FONT face=sans-serif size=2>or have been fraudulently materially altered without the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>knowledge and consent of such customer, shareholder, subscriber, financial</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>institution or </FONT><B><FONT face=sans-serif size=2>Employee;</FONT></B> </TD></TR>
<TR>
     <TD width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="61%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>excluding, however, under this INSURING CLAUSE any loss covered under</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>INSURING CLAUSE 5. of this Bond, whether or not coverage for INSURING</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>CLAUSE 5. is provided for in the DECLARATIONS of this Bond.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>For the purpose of this INSURING CLAUSE, a mechanically reproduced facsimile</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>signature is treated the same as a handwritten signature.</FONT> </TD></TR>
<TR>
     <TD width="97%" colSpan=9>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR>
     <TD width="97%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%"><I><FONT face=sans-serif size=2>Extended Forgery</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%"><FONT face=sans-serif size=2>5.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>Loss resulting directly from the ASSURED having, in good faith, and in the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>ordinary course of business, for its own account or the account of others in any</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%" colSpan=3><FONT face=sans-serif size=2>capacity:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%">&nbsp; </TD></TR>
<TR>
     <TD width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="10%" colSpan=3></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="55%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>acquired, accepted or received, accepted or received, sold or delivered, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>given value, extended credit or assumed liability, in reliance on any original</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><B><FONT face=sans-serif size=2>Securities, documents or other written instruments </FONT></B><FONT face=sans-serif size=2>which prove to:</FONT> </TD></TR>
<TR>
     <TD width="97%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>bear a </FONT><B><FONT face=sans-serif size=2>Forgery </FONT></B><FONT face=sans-serif size=2>or a fraudulently material alteration,</FONT> </TD></TR>
<TR>
     <TD width="97%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>have been lost or stolen, or</FONT> </TD></TR>
<TR>
     <TD width="97%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(3)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>be </FONT><B><FONT face=sans-serif size=2>Counterfeit, </FONT></B><FONT face=sans-serif size=2>or</FONT> </TD></TR>
<TR>
     <TD width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="55%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>guaranteed in writing or witnessed any signatures on any transfer,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>assignment, bill of sale, power of attorney, guarantee, endorsement or other</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>obligation upon or in connection with any </FONT><B><FONT face=sans-serif size=2>Securities, documents or other</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><B><FONT face=sans-serif size=2>written instruments.</FONT></B> </TD></TR>
<TR>
     <TD width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="61%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>Actual physical possession, and continued actual physical possession if taken as</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>collateral, of such </FONT><B><FONT face=sans-serif size=2>Securities, documents or other written instruments by </FONT></B><FONT face=sans-serif size=2>an</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><B><FONT face=sans-serif size=2>Employee, Custodian, </FONT></B><FONT face=sans-serif size=2>or a Federal or State chartered deposit institution of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>ASSURED is a condition precedent to the ASSURED having relied on such items.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>Release or return of such collateral is an acknowledgment by the ASSURED that it</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>no longer relies on such collateral.</FONT> </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 788px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="54%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="43%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="54%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="43%"><FONT face=sans-serif size=1>Page2of19</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_4"></A>
<P align=left><B><I><FONT face=sans-serif>Insuring Clauses</FONT></I></B></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%"><I><FONT face=sans-serif size=2>Extended Forgery</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>For the purpose of this INSURING CLAUSE, a mechanically reproduced facsimile</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%"><I><FONT face=sans-serif size=2>(continued)</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>signature is treated the same as a handwritten signature.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>
<HR color=#000000 noShade SIZE=1>
</TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%"><I><FONT face=sans-serif size=2>Counterfeit Money</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Loss resulting directly from the receipt by the ASSURED in good faith of any</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT face=sans-serif size=2>Counterfeit </FONT></B><FONT face=sans-serif size=2>money.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%"><I><FONT face=sans-serif size=2>Threats To Person</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=5><FONT face=sans-serif size=2>7. Loss resulting directly from surrender of </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>away from an office of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=5>&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>ASSURED as a result of a threat communicated to the ASSURED to do bodily</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=5>&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>harm to an </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>as defined in Section I.e. (1), (2) and (5), a </FONT><B><FONT face=sans-serif size=2>Relative </FONT></B><FONT face=sans-serif size=2>or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=5>&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>invitee of such </FONT><B><FONT face=sans-serif size=2>Employee, </FONT></B><FONT face=sans-serif size=2>or a resident of the household of such </FONT><B><FONT face=sans-serif size=2>Employee, </FONT></B><FONT face=sans-serif size=2>who</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=5>&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>is, or allegedly is, being held captive provided, however, that prior to the surrender</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=5>&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>of such </FONT><B><FONT face=sans-serif size=2>Property:</FONT></B> </TD></TR>
<TR>
     <TD width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="76%" colSpan=5></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT face=sans-serif size=2>a.</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>the </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>who receives the threat has made a reasonable effort to</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>notify an officer of the ASSURED who is not involved in such threat, and</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>the ASSURED has made a reasonable effort to notify the Federal Bureau of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>Investigation and local law enforcement authorities concerning such threat.</FONT> </TD></TR>
<TR>
     <TD width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="11%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>It is agreed that for purposes of this INSURING CLAUSE, any </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>ASSURED, as set forth in the preceding paragraph, shall be deemed to be an</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>ASSURED hereunder, but only with respect to the surrender of money, securities</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>and other tangible personal property in which such </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>has a legal or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>equitable interest.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%"><I><FONT face=sans-serif size=2>Computer System</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Loss resulting directly from fraudulent:</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>entries of data into, or</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>changes of data elements or programs within,</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>a </FONT><B><FONT face=sans-serif size=2>Computer System, </FONT></B><FONT face=sans-serif size=2>provided the fraudulent entry or change causes:</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>funds or other property to be transferred, paid or delivered,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>an account of the ASSURED or of its customer to be added, deleted,</FONT> </TD></TR>
<TR>
     <TD noWrap align=left width="20%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="11%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="4%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>debited or credited, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="20%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(3)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>an unauthorized account or a fictitious account to be debited or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" noWrap align=left width="20%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" noWrap align=left width="11%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" noWrap align=left width="4%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" noWrap align=left width="57%"><FONT face=sans-serif size=2>credited.</FONT> </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 740px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="44%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="44%"><FONT face=sans-serif size=1>Page 3 of 19</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_5"></A>
<P align=left><B><I><FONT face=sans-serif>Insuring Clauses</FONT></I></B><BR>
<I><FONT face=sans-serif size=2>(continued)</FONT></I></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-TOP: #000000 1pt solid" noWrap align=left width="22%"><I><FONT face=sans-serif size=2>Voice Initiated Funds</FONT></I> </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" noWrap align=left width="75%" colSpan=3><FONT face=sans-serif size=2>9. Loss resulting directly from </FONT><B><FONT face=sans-serif size=2>Voice Initiated Funds Transfer Instruction </FONT></B><FONT face=sans-serif size=2>directed</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><I><FONT face=sans-serif size=2>Transfer Instruction</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>to the ASSURED authorizing the transfer of dividends or redemption proceeds of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT face=sans-serif size=2>Investment Company </FONT></B><FONT face=sans-serif size=2>shares from a </FONT><B><FONT face=sans-serif size=2>Customer's </FONT></B><FONT face=sans-serif size=2>account, provided such </FONT><B><FONT face=sans-serif size=2>Voice</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT face=sans-serif size=2>Initiated Funds Transfer Instruction </FONT></B><FONT face=sans-serif size=2>was:</FONT> </TD></TR>
<TR>
     <TD width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="75%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>received at the ASSURED'S offices by those </FONT><B><FONT face=sans-serif size=2>Employees </FONT></B><FONT face=sans-serif size=2>of the ASSURED</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>specifically authorized to receive the </FONT><B><FONT face=sans-serif size=2>Voice Initiated Funds Transfer</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><B><FONT face=sans-serif size=2>Instruction,</FONT></B> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>made by a person purporting to be a </FONT><B><FONT face=sans-serif size=2>Customer, </FONT></B><FONT face=sans-serif size=2>and</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>c.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>made by said person for the purpose of causing the ASSURED or </FONT><B><FONT face=sans-serif size=2>Customer</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>to sustain a loss or making an improper personal financial gain for such</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>person or any other person.</FONT> </TD></TR>
<TR>
     <TD width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="12%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="61%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>In order for coverage to apply under this INSURING CLAUSE, all </FONT><B><FONT face=sans-serif size=2>Voice Initiated</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT face=sans-serif size=2>Funds Transfer Instructions </FONT></B><FONT face=sans-serif size=2>must be received and processed in accordance with</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>the Designated Procedures outlined in the APPLICATION furnished to the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>COMPANY.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><I><FONT face=sans-serif size=2>Uncollectible Items of</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3><FONT face=sans-serif size=2>10. Loss resulting directly from the ASSURED having credited an account of a</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><I><FONT face=sans-serif size=2>Deposit</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>customer, shareholder or subscriber on the faith of any </FONT><B><FONT face=sans-serif size=2>Items of Deposit </FONT></B><FONT face=sans-serif size=2>which</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>prove to be uncollectible, provided that the crediting of such account causes:</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>redemptions or withdrawals to be permitted,</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>shares to be issued, or</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>c.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>dividends to be paid,</FONT> </TD></TR>
<TR>
     <TD noWrap align=left width="22%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="12%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="61%"></TD></TR>
<TR vAlign=bottom>
     <TD align=center width="99%" colSpan=5><FONT face=sans-serif size=2>from an account of an </FONT><B><FONT face=sans-serif size=2>Investment Company.</FONT></B> </TD></TR>
<TR>
     <TD width="99%" colSpan=5></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>In order for coverage to apply under this INSURING CLAUSE, the ASSURED</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>must hold </FONT><B><FONT face=sans-serif size=2>Items of Deposit </FONT></B><FONT face=sans-serif size=2>for the minimum number of days stated in the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>APPLICATION before permitting any redemptions or withdrawals, issuing any</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>shares or paying any dividends with respect to such </FONT><B><FONT face=sans-serif size=2>Items of Deposit.</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT face=sans-serif size=2>Items of Deposit </FONT></B><FONT face=sans-serif size=2>shall not be deemed uncollectible until the ASSURED'S</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>standard collection procedures have failed.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><I><FONT face=sans-serif size=2>Audit Expense</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3><FONT face=sans-serif size=2>11. Expense incurred by the ASSURED for that part of the cost of audits or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>examinations required by any governmental regulatory authority or self-regulatory</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>organization to be conducted by such authority, organization or their appointee by</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>reason of the discovery of loss sustained by the ASSURED and covered by this</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" noWrap align=left width="22%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" noWrap align=left width="12%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Bond.</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" noWrap align=left width="61%">&nbsp; </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 779px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="44%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="44%"><FONT face=sans-serif size=1>Page 4 of 19</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_6"></A>
<P align=left><I><FONT face=sans-serif>General Agreements</FONT></I></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><I><FONT face=sans-serif size=2>Additional Companies</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; &nbsp;<FONT face=sans-serif size=2>A.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3>&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>If more than one corporation, or </FONT><B><FONT face=sans-serif size=2>Investment Company, </FONT></B><FONT face=sans-serif size=2>or any combination of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><I><FONT face=sans-serif size=2>Included As Assured</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3>&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>them is included as the ASSURED herein:</FONT> </TD></TR>
<TR>
     <TD width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="68%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>The total liability of the COMPANY under this Bond for loss or losses</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>sustained by any one or more or all of them shall not exceed the limit for</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>which the COMPANY would be liable under this Bond if all such loss were</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>sustained by any one of them.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>(2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>Only the first named ASSURED shall be deemed to be the sole agent of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>others for all purposes under this Bond, including but not limited to the giving</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>or receiving of any notice or proof required to be given and for the purpose of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>effecting or accepting any amendments to or termination of this Bond. The</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>COMPANY shall furnish each </FONT><B><FONT face=sans-serif size=2>Investment Company </FONT></B><FONT face=sans-serif size=2>with a copy of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>Bond and with any amendment thereto, together with a copy of each formal</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>filing of claim by any other named ASSURED and notification of the terms of</FONT> </TD></TR>
<TR>
     <TD noWrap align=left width="21%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="5%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="5%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>the settlement of each such claim prior to the execution of such settlement.</FONT></TD></TR>
<TR>
     <TD width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="5%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="61%"><FONT face=sans-serif size=2></FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>(3)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>The COMPANY shall not be responsible for the proper application of any</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%">
<P><FONT face=sans-serif size=2>payment made hereunderto the first named ASSURED.</FONT>&nbsp;</P>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>Knowledge possessed or discovery made by any partner, director, trustee,</FONT> </TD></TR>
<TR>
     <TD width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="5%"><FONT face=sans-serif size=2></FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="61%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="5%">&nbsp; <FONT face=sans-serif size=2>(4)</FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>officer or supervisory employee of any ASSURED shall constitute knowledge</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>or discovery by all the ASSUREDS for the purposes of this Bond.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>(5)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>If the first named ASSURED ceases for any reason to be covered under this</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>Bond, then the ASSURED next named on the APPLICATION shall thereafter</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>be considered as the first named ASSURED for the purposes of this Bond.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><I><FONT face=sans-serif size=2>Representation Made By</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=sans-serif size=2>B.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>The ASSURED represents that all information it has furnished in the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><I><FONT face=sans-serif size=2>Assured</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3>&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>APPLICATION for this Bond or otherwise is complete, true and correct. Such</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3>
<P>&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>APPLICATION and other information constitute part of this Bond.</FONT> </P>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3>&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>The ASSURED must promptly notify the COMPANY of any change in any fact or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3>&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>circumstance which materially affects the risk assumed by the COMPANY under</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3>&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>this Bond.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3>&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Any intentional misrepresentation, omission, concealment or incorrect statement of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3>&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>a material fact, in the APPLICATION or otherwise, shall be grounds for recision of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" noWrap align=left width="21%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" noWrap align=left width="5%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" noWrap align=left width="68%" colSpan=3>&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>this Bond.</FONT> </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 807px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="54%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="43%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="54%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="43%"><FONT face=sans-serif size=1>Page5of19</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_7"></A>
<P align=left><I><FONT face=sans-serif>General Agreements</FONT></I><BR>
<I><FONT face=sans-serif size=2>(continued)</FONT></I></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-TOP: #000000 1pt solid" noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Additional Offices Or</FONT></I> </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" noWrap align=left width="3%"><FONT face=sans-serif size=2>C.</FONT> </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" noWrap align=left width="67%" colSpan=3><FONT face=sans-serif size=2>If the ASSURED, other than an </FONT><B><FONT face=sans-serif size=2>Investment Company, </FONT></B><FONT face=sans-serif size=2>while this Bond is in force,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Employees - Consolidation,</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=3><FONT face=sans-serif size=2>merges or consolidates with, or purchases or acquires assets or liabilities of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Merger Or Purchase Or</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=3><FONT face=sans-serif size=2>another institution, the ASSURED shall not have the coverage afforded under this</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Acquisition Of Assets Or</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=3><FONT face=sans-serif size=2>Bond for loss which has:</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Liabilities - Notice To</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>occurred or will occur on premises, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Company</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%">&nbsp; </TD></TR>
<TR>
     <TD width="23%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="3%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=left width="4%"><FONT face=sans-serif size=2>(2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="61%"><FONT face=sans-serif size=2>been caused or will be caused by an employee, or</FONT>&nbsp;&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp;</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(3)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>arisen or will arise out of the assets or liabilities,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=3><FONT face=sans-serif size=2>of such institution, unless the ASSURED:</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="67%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>gives the COMPANY written notice of the proposed consolidation, merger or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>purchase or acquisition of assets or liabilities prior to the proposed effective</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>date of such action, and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>obtains the written consent of the COMPANY to extend some or all of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>coverage provided by this Bond to such additional exposure, and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>c.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>on obtaining such consent, pays to the COMPANY an additional premium.</FONT> </TD></TR>
<TR>
     <TD width="97%" colSpan=7>
<HR color=#000000 noShade SIZE=1>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Change Of Control -</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=3><FONT face=sans-serif size=2>When the ASSURED learns of a change in control (other than in an </FONT><B><FONT face=sans-serif size=2>Investment</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Notice To Company</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=3><B><FONT face=sans-serif size=2>Company), </FONT></B><FONT face=sans-serif size=2>as set forth in Section 2(a) (9) of the Investment Company Act of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=3><FONT face=sans-serif size=2>1940, the ASSURED shall within sixty (60) days give written notice to the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=3><FONT face=sans-serif size=2>COMPANY setting forth:</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="67%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>the names of the transferors and transferees (or the names of the beneficial</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>owners if the voting securities are registered in another name),</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>the total number of voting securities owned by the transferors and the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>transferees (or the beneficial owners), both immediately before and after the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>transfer, and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(3)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>the total number of outstanding voting securities.</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="61%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=3><FONT face=sans-serif size=2>Failure to give the required notice shall result in termination of coverage for any</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=3><FONT face=sans-serif size=2>loss involving a transferee, to be effective on the date of such change in control.</FONT> </TD></TR>
<TR>
     <TD width="97%" colSpan=7>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Court Costs And</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=3><FONT face=sans-serif size=2>The COMPANY will indemnify the ASSURED for court costs and reasonable</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Attorneys' Fees</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=3><FONT face=sans-serif size=2>attorneys' fees incurred and paid by the ASSURED in defense, whether or not</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=3><FONT face=sans-serif size=2>successful, whether or not fully litigated on the merits and whether or not settled,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=3><FONT face=sans-serif size=2>of any claim, suit or legal proceeding with respect to which the ASSURED would</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=3><FONT face=sans-serif size=2>be entitled to recovery under this Bond. However, with respect to INSURING</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=3><FONT face=sans-serif size=2>CLAUSE 1., this Section shall only apply in the event that:</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="67%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>an </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>admits to being guilty of </FONT><B><FONT face=sans-serif size=2>Larceny or Embezzlement,</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><B><FONT face=sans-serif size=2>(2)</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>an </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>is adjudicated to be guilty of </FONT><B><FONT face=sans-serif size=2>Larceny or Embezzlement, </FONT></B><FONT face=sans-serif size=2>or</FONT> </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 758px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="44%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="44%"><FONT face=sans-serif size=1>Page 6 of 19</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_8"></A>
<P align=left><B><I><FONT face=sans-serif>General Agreements</FONT></I></B></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=top>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" width="22%">
<P><I><FONT face=sans-serif size=2>Court Costs And Attorneys' Fees (continued)</FONT></I></P>
</TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 2pt solid" width="75%">
<P><FONT face=sans-serif size=2>(3) 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 </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>would be found guilty of </FONT><B><FONT face=sans-serif size=2>Larceny or Embezzlement </FONT></B><FONT face=sans-serif size=2>if such </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>were prosecuted.</FONT></P>
<P><FONT face=sans-serif size=2>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. 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.</FONT></P>
<P><FONT face=sans-serif size=2>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.</FONT></P>
<P><FONT face=sans-serif size=2>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.</FONT></P>
<P><FONT face=sans-serif size=2>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.</FONT></P>
<P><FONT face=sans-serif size=2>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.</FONT></P>
</TD></TR></TABLE><BR>
<TABLE style="WIDTH: 704px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="44%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="44%"><FONT face=sans-serif size=1>Page 7 of 19</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_9"></A>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><I><FONT face=sans-serif>Conditions And</FONT></I><BR>
<I><FONT face=sans-serif>Limitations</FONT></I></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%"><I><FONT face=sans-serif size=2>Definitions</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face=sans-serif size=2>1.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%" colSpan=5><FONT face=sans-serif size=2>As used in this Bond:</FONT> </TD></TR>
<TR>
     <TD width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="67%" colSpan=5></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><B><FONT face=sans-serif size=2>Computer System </FONT></B><FONT face=sans-serif size=2>means a computer and all input, output, processing,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>storage, off-line media libraries, and communication facilities which are</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>connected to the computer and which are under the control and supervision</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>of the operating system(s) or application(s) software used by the ASSURED.</FONT> </TD></TR>
<TR>
     <TD width="97%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><B><FONT face=sans-serif size=2>Counterfeit </FONT></B><FONT face=sans-serif size=2>means an imitation of an actual valid original which is intended</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>to deceive and be taken as the original.</FONT> </TD></TR>
<TR>
     <TD width="97%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>c.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><B><FONT face=sans-serif size=2>Custodian </FONT></B><FONT face=sans-serif size=2>means the institution designated by an </FONT><B><FONT face=sans-serif size=2>Investment Company </FONT></B><FONT face=sans-serif size=2>to</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>maintain possession and control of its assets.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp;</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"><FONT face=sans-serif size=2>d.</FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="61%" colSpan=3><B><FONT face=sans-serif size=2>Customer </FONT></B><FONT face=sans-serif size=2>means an individual, corporate, partnership, trust customer,</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>shareholder or subscriber of an </FONT><B><FONT face=sans-serif size=2>Investment Company </FONT></B><FONT face=sans-serif size=2>which has a written</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><FONT face=sans-serif size=2>agreement with the ASSURED for </FONT><B><FONT face=sans-serif size=2>Voice Initiated Funds Transfer</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><B><FONT face=sans-serif size=2>Instruction.</FONT></B> </TD></TR>
<TR>
     <TD width="97%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><B><FONT face=sans-serif size=2>e.</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%" colSpan=3><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>means:</FONT> </TD></TR>
<TR>
     <TD width="97%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>an officer of the ASSURED,</FONT> </TD></TR>
<TR>
     <TD width="97%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>a natural person while in the regular service of the ASSURED at any of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>the ASSURED'S premises and compensated directly by the ASSURED</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>through its payroll system and subject to the United States Internal</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>Revenue Service Form W-2 or equivalent income reporting plans of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>other countries, and whom the ASSURED has the right to control and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>direct both as to the result to be accomplished and details and means</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>by which such result is accomplished in the performance of such</FONT> </TD></TR>
<TR>
     <TD width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="55%"><FONT face=sans-serif size=2>service,</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(3)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>a guest student pursuing studies or performing duties in any of the</FONT> </TD></TR>
<TR>
     <TD width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="55%"><FONT face=sans-serif size=2>ASSURED'S premises,</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center width="97%" colSpan=9>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(4)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>an attorney retained by the ASSURED and an employee of such</FONT> </TD></TR>
<TR>
     <TD width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="55%"><FONT face=sans-serif size=2>attorney while either is performing legal services for the ASSURED,</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(5)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>a natural person provided by an employment contractor to perform</FONT> </TD></TR>
<TR>
     <TD width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="55%"><FONT face=sans-serif size=2>employee duties for the ASSURED under the ASSURED'S supervision</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>at any of the ASSURED'S premises,</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(6)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>an employee of an institution merged or consolidated with the</FONT> </TD></TR>
<TR>
     <TD width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="55%"><FONT face=sans-serif size=2>ASSURED prior to the effective date of this Bond,</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>(7)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>a director or trustee of the ASSURED, but only while performing acts</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>within the scope of the customary and usual duties of any officer or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>other employee of the ASSURED or while acting as a member of any</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>committee duly elected or appointed to examine or audit or have</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="16%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%"><FONT face=sans-serif size=2>custody of or access to </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>of the ASSURED, or</FONT> </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 740px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="54%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="43%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="54%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="43%"><FONT face=sans-serif size=1>Page8of19</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_10"></A>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><B><I><FONT face=sans-serif>Conditions And</FONT></I></B><BR>
<B><I><FONT face=sans-serif>Limitations</FONT></I></B></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><I><FONT face=sans-serif size=2>Definitions</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%"><FONT face=sans-serif size=2>(8)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>each natural person, partnership or corporation authorized by written</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><I><FONT face=sans-serif size=2>(continued)</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>agreement with the ASSURED to perform services as electronic data</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>processor of checks or other accounting records related to such checks but</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>only while such person, partnership or corporation is actually performing</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>such services and not:</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>creating, preparing, modifying or maintaining the ASSURED'S</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>computer software or programs, or</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>acting as transfer agent or in any other agency capacity in issuing</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>checks, drafts or securities for the ASSURED,</FONT> </TD></TR>
<TR>
     <TD width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="13%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="57%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%"><FONT face=sans-serif size=2>(9)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>any partner, officer or employee of an investment advisor, an underwriter</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>(distributor), a transfer agent or shareholder accounting recordkeeper, or an</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>administrator, for an </FONT><B><FONT face=sans-serif size=2>Investment Company </FONT></B><FONT face=sans-serif size=2>while performing acts coming</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>within the scope of the customary and usual duties of an officer or employee</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>of an </FONT><B><FONT face=sans-serif size=2>Investment Company </FONT></B><FONT face=sans-serif size=2>or acting as a member of any committee duly</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>elected or appointed to examine, audit or have custody of or access to</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>of </FONT><B><FONT face=sans-serif size=2>an Investment Company.</FONT></B> </TD></TR>
<TR>
     <TD width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%" colSpan=3></TD></TR>
<TR>
     <TD width="99%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>The term </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>shall not include any partner, officer or employee of a</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>transfer agent, shareholder accounting recordkeeper or administrator:</FONT> </TD></TR>
<TR>
     <TD width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>which is not an "affiliated person" (as defined in Section 2(a) of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>Investment Company Act of 1940) of an </FONT><B><FONT face=sans-serif size=2>Investment Company </FONT></B><FONT face=sans-serif size=2>or of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>the investment advisor or underwriter (distributor) of such </FONT><B><FONT face=sans-serif size=2>Investment</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><B><FONT face=sans-serif size=2>Company, </FONT></B><FONT face=sans-serif size=2>or</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>which is a "bank" (as defined in Section 2(a) of the Investment</FONT> </TD></TR>
<TR>
     <TD noWrap align=left width="19%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="13%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="4%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>Company Act of 1940).</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=7></TD></TR>
<TR>
     <TD width="99%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>This Bond does not afford coverage in favor of the employers of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>persons as set forth in e. (4), (5) and (8) above, and upon payment to</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>the ASSURED by the COMPANY resulting directly from </FONT><B><FONT face=sans-serif size=2>Larceny or</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><B><FONT face=sans-serif size=2>Embezzlement </FONT></B><FONT face=sans-serif size=2>committed by any of the partners, officers or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>employees of such employers, whether acting alone or in collusion with</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>others, an assignment of such of the ASSURED'S rights and causes of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>action as it may have against such employers by reason of such acts</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>so committed shall, to the extent of such payment, be given by the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>ASSURED to the COMPANY, and the ASSURED shall execute all</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>papers necessary to secure to the COMPANY the rights provided for</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>herein.</FONT> </TD></TR>
<TR>
     <TD width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="57%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>Each employer of persons as set forth in e.(4), (5) and (8) above and the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>partners, officers and other employees of such employers shall collectively</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>be deemed to be one person for all the purposes of this Bond; excepting,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>however, the fifth paragraph of Section 13.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>Independent contractors not specified in e.(4), (5) or (8) above,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>intermediaries, agents, brokers or other representatives of the same general</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%" colSpan=3><FONT face=sans-serif size=2>character shall not be considered </FONT><B><FONT face=sans-serif size=2>Employees.</FONT></B> </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 728px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="44%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="44%"><FONT face=sans-serif size=1>Page 9 of 19</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_11"></A>
<P align=left><B><I><FONT face=sans-serif>Conditions And</FONT></I></B><BR>
<B><I><FONT face=sans-serif>Limitations</FONT></I></B></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><I><FONT face=sans-serif size=2>Definitions</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%"><FONT face=sans-serif size=2>f.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><B><FONT face=sans-serif size=2>Forgery </FONT></B><FONT face=sans-serif size=2>means the signing of the name of another natural person with the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><I><FONT face=sans-serif size=2>(continued)</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>intent to deceive but does not mean a signature which consists in whole or in</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>part of one's own name, with or without authority, in any capacity for any</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>purpose.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%"><FONT face=sans-serif size=2>g.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><B><FONT face=sans-serif size=2>Investment Company </FONT></B><FONT face=sans-serif size=2>means any investment company registered under the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>Investment Company Act of 1940 and listed under the NAME OF ASSURED</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>on the DECLARATIONS.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="78%" colSpan=3><FONT face=sans-serif size=2>h. </FONT><B><FONT face=sans-serif size=2>Items of Deposit </FONT></B><FONT face=sans-serif size=2>means one or more checks or drafts drawn upon a</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>financial institution in the United States of America.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="78%" colSpan=3><FONT face=sans-serif size=2>i. </FONT><B><FONT face=sans-serif size=2>Larceny or Embezzlement </FONT></B><FONT face=sans-serif size=2>means larceny or embezzlement as defined in</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>Section 37 of the Investment Company Act of 1940.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="78%" colSpan=3><FONT face=sans-serif size=2>j. </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>means money, revenue and other stamps; securities; including any</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>note, stock, treasury stock, bond, debenture, evidence of indebtedness,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>certificate of deposit, certificate of interest or participation in any profit-</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>sharing agreement, collateral trust certificate, preorganization certificate or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>subscription, transferable share, investment contract, voting trust certificate,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>certificate of deposit for a security, fractional undivided interest in oil, gas, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>other mineral rights, any interest or instruments commonly known as a</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>security under the Investment Company Act of 1940, any other certificate of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>interest or participation in, temporary or interim certificate for, receipt for,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>guarantee of, or warrant or right to subscribe to or purchase any of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>foregoing; bills of exchange; acceptances; checks; withdrawal orders; money</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>orders; travelers' letters of credit; bills of lading; abstracts of title; insurance</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>policies, deeds, mortgages on real estate and/or upon chattels and interests</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>therein; assignments of such policies, deeds or mortgages; other valuable</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>papers, including books of accounts and other records used by the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>ASSURED in the conduct of its business (but excluding all electronic data</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>processing records); and, all other instruments similar to or in the nature of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>the foregoing in which the ASSURED acquired an interest at the time of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>ASSURED'S consolidation or merger with, or purchase of the principal</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>assets of, a predecessor or which are held by the ASSURED for any</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>purpose or in any capacity and whether so held gratuitously or not and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>whether or not the ASSURED is liable therefor.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="78%" colSpan=3><FONT face=sans-serif size=2>k. </FONT><B><FONT face=sans-serif size=2>Relative </FONT></B><FONT face=sans-serif size=2>means the spouse of an </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>or partner of the ASSURED</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>and any unmarried child supported wholly by, or living in the home of, such</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>or partner and being related to them by blood, marriage or legal</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>guardianship.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="78%" colSpan=3><FONT face=sans-serif size=2>I. </FONT><B><FONT face=sans-serif size=2>Securities, documents or other written instruments </FONT></B><FONT face=sans-serif size=2>means original</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>(including original counterparts) negotiable or non-negotiable instruments, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>assignments thereof, which in and of themselves represent an equitable</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>interest, ownership, or debt and which are in the ordinary course of business</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>transferable by delivery of such instruments with any necessary</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>endorsements or assignments.</FONT> </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 751px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="44%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="44%"><FONT face=sans-serif size=1>Page 10 of 19</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_12"></A>
<P align=left><B><I><FONT face=sans-serif>Conditions And</FONT></I></B><BR>
<B><I><FONT face=sans-serif>Limitations</FONT></I></B></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><I><FONT face=sans-serif size=2>Definitions</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>m. </FONT><B><FONT face=sans-serif size=2>Subsidiary </FONT></B><FONT face=sans-serif size=2>means any organization that, at the inception date of this Bond,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><I><FONT face=sans-serif size=2>(continued)</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>is named in the APPLICATION or is created during the BOND PERIOD and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>of which more than fifty percent (50%) of the outstanding securities or voting</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>rights representing the present right to vote for election of directors is owned</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>or controlled by the ASSURED either directly or through one or more of its</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>subsidiaries.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>n. </FONT><B><FONT face=sans-serif size=2>Transportation Company </FONT></B><FONT face=sans-serif size=2>means any organization which provides its own</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>or its leased vehicles for transportation or which provides freight forwarding</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>or air express services.</FONT> </TD></TR>
<TR>
     <TD width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>o. </FONT><B><FONT face=sans-serif size=2>Voice Initiated Election </FONT></B><FONT face=sans-serif size=2>means any election concerning dividend options</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>available to </FONT><B><FONT face=sans-serif size=2>Investment Company </FONT></B><FONT face=sans-serif size=2>shareholders or subscribers which is</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>requested by voice over the telephone.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>p. </FONT><B><FONT face=sans-serif size=2>Voice Initiated Redemption </FONT></B><FONT face=sans-serif size=2>means any redemption of shares issued by an</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><B><FONT face=sans-serif size=2>Investment Company </FONT></B><FONT face=sans-serif size=2>which is requested by voice over the telephone.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>q. </FONT><B><FONT face=sans-serif size=2>Voice Initiated Funds Transfer Instruction </FONT></B><FONT face=sans-serif size=2>means any </FONT><B><FONT face=sans-serif size=2>Voice Initiated</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><B><FONT face=sans-serif size=2>Redemption </FONT></B><FONT face=sans-serif size=2>or </FONT><B><FONT face=sans-serif size=2>Voice Initiated Election.</FONT></B> </TD></TR>
<TR>
     <TD width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>For the purposes of these definitions, the singular includes the plural and the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>plural includes the singular, unless otherwise indicated.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><I><FONT face=sans-serif size=2>General Exclusions -</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>2.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><B><FONT face=sans-serif size=2>This bond does not directly or indirectly cover:</FONT></B> </TD></TR>
<TR>
     <TD width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="68%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><I><FONT face=sans-serif size=2>Applicable to All Insuring</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>loss not reported to the COMPANY in writing within sixty (60) days after</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><I><FONT face=sans-serif size=2>Clauses</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>termination of this Bond as an entirety;</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>loss due to riot or civil commotion outside the United States of America and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>Canada, or any loss due to military, naval or usurped power, war or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>insurrection. This Section 2.b., however, shall not apply to loss which occurs</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>in transit in the circumstances recited in INSURING CLAUSE 3., provided</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>that when such transit was initiated there was no knowledge on the part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>any person acting for the ASSURED of such riot, civil commotion, military,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>naval or usurped power, war or insurrection;</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>c.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>loss resulting from the effects of nuclear fission or fusion or radioactivity;</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp;</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"></TD></TR>
<TR>
     <TD width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"><FONT face=sans-serif size=2>d.</FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%"><FONT face=sans-serif size=2>loss of potential income including, but not limited to, interest and dividends</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>not realized by the ASSURED or by any customer of the ASSURED;</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>e.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>damages of any type for which the ASSURED is legally liable, except</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>compensatory damages, but not multiples thereof, arising from a loss</FONT> </TD></TR>
<TR>
     <TD width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%"><FONT face=sans-serif size=2>covered under this Bond;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>f.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>costs, fees and expenses incurred by the ASSURED in establishing the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>existence of or amount of loss under this Bond, except to the extent covered</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>under INSURING CLAUSE 11.;</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="22%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="4%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="4%"><FONT face=sans-serif size=2>g.</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="62%"><FONT face=sans-serif size=2>loss resulting from indirect or consequential loss of any nature;</FONT> </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 709px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="44%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="44%"><FONT face=sans-serif size=1>Page 11 of 19</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_13"></A>
<P align=left><I><FONT face=sans-serif>Conditions And</FONT></I><BR>
<I><FONT face=sans-serif>Limitations</FONT></I></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-TOP: #000000 1pt solid" noWrap align=left width="21%"><I><FONT face=sans-serif size=2>General Exclusions -</FONT></I> </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" noWrap align=left width="4%">&nbsp; </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" noWrap align=left width="4%">&nbsp; </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" noWrap align=left width="62%" colSpan=5>&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>loss resulting from dishonest acts by any member of the Board of Directors</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><I><FONT face=sans-serif size=2>Applicable to All Insuring</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=5>&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>or Board of Trustees of the ASSURED who is not an Employee, acting</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><I><FONT face=sans-serif size=2>Clauses (continued)</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=5>&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>alone or in collusion with others;</FONT> </TD></TR>
<TR>
     <TD width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%" colSpan=5></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=5>&nbsp; &nbsp;<FONT face=sans-serif size=2>loss, or that part of any loss, resulting solely from any violation by the</FONT> </TD></TR>
<TR>
     <TD noWrap align=left width="21%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="4%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="4%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="62%" colSpan=5><FONT face=sans-serif size=2>&nbsp;&nbsp; ASSURED or by any Employee:</FONT></TD></TR>
<TR>
     <TD width="97%" colSpan=11></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3>&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>of any law regulating:</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="48%"><FONT face=sans-serif size=2>the issuance, purchase or sale of securities,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="48%"><FONT face=sans-serif size=2>securities transactions on security or commodity exchanges or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="48%"><FONT face=sans-serif size=2>the over the counter market,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>c.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="48%"><FONT face=sans-serif size=2>investment companies,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>d.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="48%"><FONT face=sans-serif size=2>investment advisors, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>(2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3>&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>of any rule or regulation made pursuant to any such law; or</FONT> </TD></TR>
<TR>
     <TD width="97%" colSpan=11>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>J-k.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=5>&nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>loss of confidential information, material or data;</FONT> </TD></TR>
<TR>
     <TD width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%" colSpan=5></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=5>&nbsp; &nbsp;<FONT face=sans-serif size=2>loss resulting from voice requests or instructions received over the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=5>&nbsp; &nbsp;<FONT face=sans-serif size=2>telephone, provided however, this Section 2.k. shall not apply to INSURING</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=5>&nbsp; &nbsp;<FONT face=sans-serif size=2>CLAUSE 7. or 9.</FONT> </TD></TR>
<TR>
     <TD width="97%" colSpan=11>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><I><FONT face=sans-serif size=2>Specific Exclusions -</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><B><FONT face=sans-serif size=2>3.</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=7><B><FONT face=sans-serif size=2>This Bond does not directly or indirectly cover:</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><I><FONT face=sans-serif size=2>Applicable To All Insuring</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=5><FONT face=sans-serif size=2>loss caused by an Employee, provided, however, this Section 3.a. shall not</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><I><FONT face=sans-serif size=2>Clauses Except Insuring</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=5><FONT face=sans-serif size=2>apply to loss covered under INSURING CLAUSE 2. or 3. which results</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><I><FONT face=sans-serif size=2>Clause 1.</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=5><FONT face=sans-serif size=2>directly from misplacement, mysterious unexplainable disappearance, or</FONT> </TD></TR>
<TR>
     <TD width="21%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%" colSpan=5><FONT face=sans-serif size=2>damage or destruction of </FONT><B><FONT face=sans-serif size=2>Property;</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=center width="97%" colSpan=11>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=5><FONT face=sans-serif size=2>loss through the surrender of property away from premises of the ASSURED</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=5><FONT face=sans-serif size=2>as a result of a threat:</FONT> </TD></TR>
<TR>
     <TD width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%" colSpan=5></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=sans-serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3><FONT face=sans-serif size=2>to do bodily harm to any natural person, except loss of </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>in</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3><FONT face=sans-serif size=2>transit in the custody of any person acting as messenger of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3><FONT face=sans-serif size=2>ASSURED, provided that when such transit was initiated there was no</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3><FONT face=sans-serif size=2>knowledge by the ASSURED of any such threat, and provided further</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3><FONT face=sans-serif size=2>that this Section 3.b. shall not apply to INSURING CLAUSE 7., or</FONT> </TD></TR>
<TR>
     <TD width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="5%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="55%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=sans-serif size=2>(2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3><FONT face=sans-serif size=2>to do damage to the premises or </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>of the ASSURED;</FONT> </TD></TR>
<TR>
     <TD width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="5%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="55%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>c.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=5><FONT face=sans-serif size=2>loss resulting from payments made or withdrawals from any account</FONT> </TD></TR>
<TR>
     <TD width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%" colSpan=5><FONT face=sans-serif size=2>involving erroneous credits to such account;</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=5></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>d.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=5><FONT face=sans-serif size=2>loss involving Items of Deposit which are not finally paid for any reason</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=5><FONT face=sans-serif size=2>provided however, that this Section 3.d. shall not apply to INSURING</FONT> </TD></TR>
<TR>
     <TD width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%" colSpan=5><FONT face=sans-serif size=2>CLAUSE 10.;</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%" colSpan=3></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="48%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>e.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%" colSpan=5><FONT face=sans-serif size=2>loss of property while in the mail;</FONT> </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 740px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="44%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="44%"><FONT face=sans-serif size=1>Page 12 of 19</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_14"></A>
<P align=left><B><I><FONT face=sans-serif>Conditions And</FONT></I></B><BR>
<B><I><FONT face=sans-serif>Limitations</FONT></I></B></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Specific Exclusions -</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>loss resulting from the failure for any reason of a financial or depository</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Applicable To All Insuring</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>institution, its receiver or other liquidator to pay or deliver funds or other</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Clauses Except Insuring</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>to the ASSURED provided further that this Section 3.f. shall not</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Clause 1. (continued)</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>apply to loss of </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>resulting directly from robbery, burglary,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>misplacement, mysterious unexplainable disappearance, damage,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>destruction or removal from the possession, custody or control of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>ASSURED.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>loss of </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>while in the custody of a </FONT><B><FONT face=sans-serif size=2>Transportation Company,</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>provided however, that this Section 3.g. shall not apply to INSURING</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>CLAUSE 3.;</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>loss resulting from entries or changes made by a natural person with</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>authorized access to a </FONT><B><FONT face=sans-serif size=2>Computer System </FONT></B><FONT face=sans-serif size=2>who acts in good faith on</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>instructions, unless such instructions are given to that person by a software</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>contractor or its partner, officer, or employee authorized by the ASSURED to</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>design, develop, prepare, supply, service, write or implement programs for</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>the ASSURED's </FONT><B><FONT face=sans-serif size=2>Computer System; </FONT></B><FONT face=sans-serif size=2>or</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>loss resulting directly or indirectly from the input of data into a </FONT><B><FONT face=sans-serif size=2>Computer</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><B><FONT face=sans-serif size=2>System </FONT></B><FONT face=sans-serif size=2>terminal, either on the premises of the customer of the ASSURED</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>or under the control of such a customer, by a customer or other person who</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>had authorized access to the customer's authentication mechanism.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Specific Exclusions -</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT face=sans-serif size=2>This bond does not directly or indirectly cover:</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Applicable To All Insuring</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>loss resulting from the complete or partial non-payment of or default on any</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Clauses Except Insuring</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>loan whether such loan was procured in good faith or through trick, artifice,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Clauses 1., 4., And 5.</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>fraud or false pretenses; provided, however, this Section 4.a. shall not apply</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>to INSURING CLAUSE 8.;</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>loss resulting from forgery or any alteration;</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>loss involving a counterfeit provided, however, this Section 4.c. shall not</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=right width="8%">&nbsp;</TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%"><FONT face=sans-serif size=2></FONT></TD></TR>
<TR>
     <TD width="23%"></TD>
     <TD width="2%"></TD>
     <TD align=right width="8%"><FONT face=sans-serif size=2>c.</FONT></TD>
     <TD width="2%"></TD>
     <TD width="63%"><FONT face=sans-serif size=2>apply to INSURING CLAUSE 5. or 6.</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center width="98%" colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD width="98%" colSpan=5>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Limit Of Liability/Non-</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3><FONT face=sans-serif size=2>5. At all times prior to termination of this Bond, this Bond shall continue in force for</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Reduction And Non-</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>the limit stated in the applicable sections of ITEM 2. of the DECLARATIONS,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Accumulation Of Liability</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>notwithstanding any previous loss for which the COMPANY may have paid or be</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>liable to pay under this Bond provided, however, that the liability of the COMPANY</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>under this Bond with respect to all loss resulting from:</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="73%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>any one act of burglary, robbery or hold-up, or attempt thereat, in which no</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="8%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%"><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>is concerned or implicated, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>any one unintentional or negligent act on the part of any one person</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="8%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%"><FONT face=sans-serif size=2>resulting in damage to or destruction or misplacement of </FONT><B><FONT face=sans-serif size=2>Property, </FONT></B><FONT face=sans-serif size=2>or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>c.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>all acts, other than those specified in a. above, of any one person, or</FONT> </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 783px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="44%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="44%"><FONT face=sans-serif size=1>Page 13 of 19</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_15"></A>
<P align=left><B><I><FONT face=sans-serif>Conditions And</FONT></I></B><BR>
<B><I><FONT face=sans-serif>Limitations</FONT></I></B></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Limit Of Liability/Non-</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>d.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>any one casualty or event other than those specified in a., b., or c. above,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Reduction And Non-</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>shall be deemed to be one loss and shall be limited to the applicable LIMIT OF</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Accumulation Of Liability</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>LIABILITY stated in ITEM 2. of the DECLARATIONS of this Bond irrespective of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>(continued)</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>the total amount of such loss or losses and shall not be cumulative in amounts</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>from year to year or from period to period.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>All acts, as specified in c. above, of any one person which</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="68%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>i.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>directly or indirectly aid in any way wrongful acts of any other person or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>persons, or</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>ii.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>permit the continuation of wrongful acts of any other person or persons</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>whether such acts are committed with or without the knowledge of the wrongful</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>acts of the person so aided, and whether such acts are committed with or without</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>the intent to aid such other person, shall be deemed to be one loss with the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>wrongful acts of all persons so aided.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=7>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Discovery</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>6.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>This Bond applies only to loss first discovered by an officer of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><FONT face=sans-serif size=2>ASSURED</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>during the BOND PERIOD. Discovery occurs at the earlier of an officer of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>ASSURED being aware of:</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="68%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>facts which may subsequently result in a loss of a type covered by this Bond,</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%"><FONT face=sans-serif size=2>or</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>an actual or potential claim in which it is alleged that the ASSURED is liable</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%"><FONT face=sans-serif size=2>to a third party,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>regardless of when the act or acts causing or contributing to such loss occurred,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>even though the amount of loss does not exceed the applicable DEDUCTIBLE</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="68%" colSpan=3><FONT face=sans-serif size=2>AMOUNT, or the exact amount or details of loss may not then be known.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=7>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Notice To Company -</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>7.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>The ASSURED shall give the COMPANY notice thereof at the earliest</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Proof- Legal Proceedings</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>practicable moment, not to exceed sixty (60) days after discovery of loss, in</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Against Company</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>an amount that is in excess of 50% of the applicable DEDUCTIBLE</FONT> </TD></TR>
<TR>
     <TD width="23%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%"><FONT face=sans-serif size=2>AMOUNT, as stated in ITEM 2. of the DECLARATIONS.</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>The ASSURED shall furnish to the COMPANY proof of loss, duly sworn to,</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%"><FONT face=sans-serif size=2>with full particulars within six (6) months after such discovery.</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>c.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>Securities listed in a proof of loss shall be identified by certificate or bond</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%"><FONT face=sans-serif size=2>numbers, if issued with them.</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>d.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>Legal proceedings for the recovery of any loss under this Bond shall not be</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%"><FONT face=sans-serif size=2>brought prior to the expiration of sixty (60) days after the proof of loss is filed</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>with the COMPANY or after the expiration of twenty-four (24) months from</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%"><FONT face=sans-serif size=2>the discovery of such loss.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=sans-serif size=2>e.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>This Bond affords coverage only in favor of the ASSURED. No claim, suit,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>action or legal proceedings shall be brought under this Bond by anyone</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>other than the ASSURED.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=7>&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><B><I><FONT face=sans-serif>Conditions And</FONT></I></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><B><I><FONT face=sans-serif>Limitations</FONT></I></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%">&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Notice To Company -</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>Proof of loss involving </FONT><B><FONT face=sans-serif size=2>Voice Initiated Funds Transfer Instruction </FONT></B><FONT face=sans-serif size=2>shall</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Proof- Legal Proceedings</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>include electronic recordings of such instructions.</FONT> </TD></TR>
<TR>
     <TD width="23%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="62%">&nbsp; </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 767px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="44%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="44%"><FONT face=sans-serif size=1>Page 14 of 19</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_16"></A>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><I><FONT face=sans-serif size=2>Against Company</FONT></I><BR>
<I><FONT face=sans-serif size=2>(continued)</FONT></I></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-TOP: #000000 2pt solid" noWrap align=left width="21%"><I><FONT face=sans-serif size=2>Deductible Amount</FONT></I> </TD>
     <TD style="BORDER-TOP: #000000 2pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-TOP: #000000 2pt solid" noWrap align=center width="75%" colSpan=3><FONT face=sans-serif size=2>8. The COMPANY shall not be liable under any INSURING CLAUSES of this Bond</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>on account of loss unless the amount of such loss, after deducting the net amount</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>of all reimbursement and/or recovery obtained or made by the ASSURED, other</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>than from any Bond or policy of insurance issued by an insurance company and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>covering such loss, or by the COMPANY on account thereof prior to payment by</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>the COMPANY of such loss, shall exceed the DEDUCTIBLE AMOUNT set forth in</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>ITEM 3. of the DECLARATIONS, and then for such excess only, but in no event</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>for more than the applicable LIMITS OF LIABILITY stated in ITEM 2. of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>DECLARATIONS.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>There shall be no deductible applicable to any loss under INSURING CLAUSE 1.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>sustained by any </FONT><B><FONT face=sans-serif size=2>Investment Company.</FONT></B> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><I><FONT face=sans-serif size=2>Valuation</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%"><FONT face=sans-serif size=2>9.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><B><FONT face=sans-serif size=2>BOOKS OF ACCOUNT OR OTHER RECORDS</FONT></B> </TD></TR>
<TR>
     <TD width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="67%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>The value of any loss of </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>consisting of books of account or other records</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>used by the ASSURED in the conduct of its business shall be the amount paid by</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>the ASSURED for blank books, blank pages, or other materials which replace the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>lost books of account or other records, plus the cost of labor paid by the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>ASSURED for the actual transcription or copying of data to reproduce such books</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>of account or other records.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>The value of any loss of </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>other than books of account or other records</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>used by the ASSURED in the conduct of its business, for which a claim is made</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>shall be determined by the average market value of such </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>on the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>business day immediately preceding discovery of such loss provided, however,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>that the value of any </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>replaced by the ASSURED with the consent of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>COMPANY and prior to the settlement of any claim for such </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>shall be the</FONT> </TD></TR>
<TR>
     <TD width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="67%"><FONT face=sans-serif size=2>actual market value at the time of replacement.</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center width="98%" colSpan=5>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>In the case of a loss of interim certificates, warrants, rights or other securities, the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>production of which is necessary to the exercise of subscription, conversion,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>redemption or deposit privileges, the value of them shall be the market value of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>such privileges immediately preceding their expiration if said loss is not discovered</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>until after their expiration. If no market price is quoted for such </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>or for</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>such privileges, the value shall be fixed by agreement between the parties.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><B><FONT face=sans-serif size=2>OTHER PROPERTY</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>The value of any loss of </FONT><B><FONT face=sans-serif size=2>Property, </FONT></B><FONT face=sans-serif size=2>other than as stated above, shall be the actual</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>cash value or the cost of repairing or replacing such </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>with </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>like quality and value, whichever is less.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><B><I><FONT face=sans-serif>Conditions And</FONT></I></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><B><I><FONT face=sans-serif>Limitations</FONT></I></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><I><FONT face=sans-serif size=2>(continued)</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%">&nbsp; </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><I><FONT face=sans-serif size=2>Securities Settlement</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="75%" colSpan=3><FONT face=sans-serif size=2>10. In the event of a loss of securities covered under this Bond, the COMPANY may,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>at its sole discretion, purchase replacement securities, tender the value of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>securities in money, or issue its indemnity to effect replacement securities.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>The indemnity required from the ASSURED under the terms of this Section</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>
<HR color=#000000 noShade SIZE=2>
</TD></TR></TABLE><BR>
<TABLE style="WIDTH: 700px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="44%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="44%"><FONT face=sans-serif size=1>Page 15 of 19</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_17"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>against all loss, cost or expense arising from the replacement of securities by the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>COMPANY'S indemnity shall be:</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3><I><FONT face=sans-serif size=2>-a-.&nbsp; </FONT></I><STRIKE><FONT face=sans-serif size=2>for s</FONT></STRIKE><FONT face=sans-serif size=2>e</FONT><STRIKE><FONT face=sans-serif size=2>cur</FONT></STRIKE><FONT face=sans-serif size=2>i</FONT><STRIKE><FONT face=sans-serif size=2>t</FONT></STRIKE><FONT face=sans-serif size=2>ie</FONT><STRIKE><FONT face=sans-serif size=2>s hav</FONT></STRIKE><FONT face=sans-serif size=2>i</FONT><STRIKE><FONT face=sans-serif size=2>ng a va</FONT></STRIKE><FONT face=sans-serif size=2>l</FONT><STRIKE><FONT face=sans-serif size=2>u</FONT></STRIKE><FONT face=sans-serif size=2>e le</FONT><STRIKE><FONT face=sans-serif size=2>ss than</FONT></STRIKE><FONT face=sans-serif size=2>&#151;</FONT><STRIKE><FONT face=sans-serif size=2>or </FONT></STRIKE><FONT face=sans-serif size=2>e</FONT><STRIKE><FONT face=sans-serif size=2>qua</FONT></STRIKE><FONT face=sans-serif size=2>l </FONT><STRIKE><FONT face=sans-serif size=2>to th</FONT></STRIKE><FONT f
ace=sans-serif size=2>e </FONT><STRIKE><FONT face=sans-serif size=2>app</FONT></STRIKE><FONT face=sans-serif size=2>li</FONT><STRIKE><FONT face=sans-serif size=2>cab</FONT></STRIKE><FONT face=sans-serif size=2>le</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>DEDUCTIBLE AMOUNT - one hundred (100%) percent;</FONT> </TD></TR>
<TR>
     <TD width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp;<FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>for securities having a value in excess of the DEDUCTIBLE AMOUNT but</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>within the applicable LIMIT OF LIABILITY - the percentage that the</FONT> </TD></TR>
<TR>
     <TD width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%"><FONT face=sans-serif size=2>DEDUCTIBLE AMOUNT bears to the value of the securities;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp;<FONT face=sans-serif size=2>c.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>for securities having a value greater than the applicable LIMIT OF LIABILITY</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>- the percentage that the DEDUCTIBLE AMOUNT and portion in excess of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>the applicable LIMIT OF LIABILITY bears to the value of the securities.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>The value referred to in Section 10.a., b., and c. is the value in accordance with</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>Section 9, VALUATION, regardless of the value of such securities at the time the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>loss under the COMPANY'S indemnity is sustained.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>The COMPANY is not required to issue its indemnity for any portion of a loss of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>securities which is not covered by this Bond; however, the COMPANY may do so</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>as a courtesy to the ASSURED and at its sole discretion.</FONT> </TD></TR>
<TR>
     <TD width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="69%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>The ASSURED shall pay the proportion of the Company's premium charge for the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>Company's indemnity as set forth in Section 10.a., b., and c. No portion of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>LIMIT OF LIABILITY shall be used as payment of premium for any indemnity</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>purchased by the ASSURED to obtain replacement securities.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%"><I><FONT face=sans-serif size=2>Subrogation - Assignment </FONT></I><FONT face=sans-serif size=2>-11.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>In the event of a payment under this Bond, the COMPANY shall be subrogated to</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%"><I><FONT face=sans-serif size=2>Recovery</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>all of the ASSURED'S rights of recovery against any person or entity to the extent</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>of such payment. On request, the ASSURED shall deliver to the COMPANY an</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>assignment of the ASSURED'S rights, title and interest and causes of action</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>against any person or entity to the extent of such payment.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>Recoveries, whether effected by the COMPANY or by the ASSURED, shall be</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=3>&nbsp;<FONT face=sans-serif size=2>applied net of the expense of such recovery in the following order:</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp;<FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>first, to the satisfaction of the ASSURED'S loss which would otherwise have</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>been paid but for the fact that it is in excess of the applicable LIMIT OF</FONT> </TD></TR>
<TR>
     <TD width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%"><FONT face=sans-serif size=2>LIABILITY,</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp;<FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>second, to the COMPANY in satisfaction of amounts paid in settlement of</FONT> </TD></TR>
<TR>
     <TD width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="4%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%"><FONT face=sans-serif size=2>the ASSURED'S claim,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp;<FONT face=sans-serif size=2>c.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>third, to the ASSURED in satisfaction of the applicable DEDUCTIBLE</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>AMOUNT, and</FONT> </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 661px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="44%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="44%"><FONT face=sans-serif size=1>Page 16 of 19</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_18"></A>
<P align=left><I><FONT face=sans-serif>Conditions And</FONT></I><BR>
<I><FONT face=sans-serif>Limitations</FONT></I></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Subrogation - Assignment </FONT></I><I><FONT face=sans-serif size=2>&nbsp;</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>d.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>fourth, to the ASSURED in satisfaction of any loss suffered by the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Recovery</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>ASSURED which was not covered under this Bond.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>(continued)</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Recovery from reinsurance or indemnity of the COMPANY shall not be deemed a</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>recovery under this section.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Cooperation Of Assured</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3><FONT face=sans-serif size=2>12. At the COMPANY'S request and at reasonable times and places designated by</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>the COMPANY, the ASSURED shall:</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>submit to examination by the COMPANY and subscribe to the same under</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>oath,</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>produce for the COMPANY'S examination all pertinent records, and</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=sans-serif size=2>c.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>cooperate with the COMPANY in all matters pertaining to the loss.</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="8%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3><FONT face=sans-serif size=2>The ASSURED shall execute all papers and render assistance to secure to the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3><FONT face=sans-serif size=2>COMPANY the rights and causes of action provided for under this Bond. The</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3><FONT face=sans-serif size=2>ASSURED shall do nothing after loss to prejudice such rights or causes of action.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%"><I><FONT face=sans-serif size=2>Termination</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3><FONT face=sans-serif size=2>13. If the Bond is for a sole ASSURED, it shall not be terminated unless written notice</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>shall have been given by the acting party to the affected party and to the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Securities and Exchange Commission, Washington, D.C., not less than sixty (60)</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>days prior to the effective date of such termination.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>If the Bond is for a joint ASSURED, it shall not be terminated unless written notice</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>shall have been given by the acting party to the affected party, and by the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>COMPANY to all ASSURED </FONT><B><FONT face=sans-serif size=2>Investment Companies </FONT></B><FONT face=sans-serif size=2>and to the Securities and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Exchange Commission, Washington, D.C., not less than sixty (60) days prior to</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>the effective date of such termination.</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="73%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>This Bond will terminate as to any one ASSURED, other than an </FONT><B><FONT face=sans-serif size=2>Investment</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT face=sans-serif size=2>Company:</FONT></B> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="73%" colSpan=3>
<HR noShade SIZE=1>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>immediately on the taking over of such ASSURED by a receiver or other</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="8%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%"><FONT face=sans-serif size=2>liquidator or by State or Federal officials, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="63%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>immediately on the filing of a petition under any State or Federal statute</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>relative to bankruptcy or reorganization of the ASSURED, or assignment for</FONT> </TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="8%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="8%">&nbsp; <FONT face=sans-serif size=2>c.</FONT></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>the benefit of creditors of the ASSURED, or</FONT> <FONT face=sans-serif size=2>immediately upon such ASSURED </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>ceasing to exist, whether through merger <FONT face=sans-serif size=2>into another entity, disposition of all of&nbsp;</FONT></FONT>&nbsp;</TD></TR>
<TR>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="8%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%"><FONT face="MS Sans Serif" size=2>its assets or otherwise.</FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="63%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>The COMPANY shall refund the unearned premium computed at short rates in</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>accordance with the standard short rate cancellation tables if terminated by the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>ASSURED or pro rata if terminated for any other reason.</FONT> </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 728px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="44%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="44%"><FONT face=sans-serif size=1>Page 17 of 19</FONT> </TD></TR></TABLE><BR>
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<A name="page_19"></A>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><B><I><FONT face=sans-serif>Conditions And</FONT></I></B><BR>
<B><I><FONT face=sans-serif>Limitations</FONT></I></B></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-TOP: #000000 1pt solid" noWrap align=left width="22%"><I><FONT face=sans-serif size=2>Termination</FONT></I> </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-TOP: #000000 1pt solid" noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>If any partner, director, trustee, or officer or supervisory employee of an</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><I><FONT face=sans-serif size=2>(continued)</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>ASSURED not acting in collusion with an </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>learns of any dishonest act</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>committed by such </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>at any time, whether in the employment of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>ASSURED or otherwise, whether or not such act is of the type covered under this</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Bond, and whether against the ASSURED or any other person or entity, the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>ASSURED:</FONT> </TD></TR>
<TR>
     <TD width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="75%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>shall immediately remove such </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>from a position that would enable</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>such </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>to cause the ASSURED to suffer a loss covered by this</FONT> </TD></TR>
<TR>
     <TD width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="10%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%"><FONT face=sans-serif size=2>Bond;and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="63%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>within forty-eight (48) hours of learning that an </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>has committed</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>any dishonest act, shall notify the COMPANY, of such action and provide full</FONT> </TD></TR>
<TR>
     <TD noWrap align=left width="22%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="10%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>particulars of such dishonest act.</FONT></TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>The COMPANY may terminate coverage as respects any </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>sixty (60)</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>days after written notice is received by each ASSURED </FONT><B><FONT face=sans-serif size=2>Investment Company</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>and the Securities and Exchange Commission, Washington, D.C. of its desire to</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>terminate this Bond as to such </FONT><B><FONT face=sans-serif size=2>Employee.</FONT></B> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><I><FONT face=sans-serif size=2>Other Insurance</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3><FONT face=sans-serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. Coverage under this Bond shall apply only as excess over any valid and collectible</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>insurance, indemnity or suretyship obtained by or on behalf of:</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>the ASSURED,</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>a </FONT><B><FONT face=sans-serif size=2>Transportation Company, </FONT></B><FONT face=sans-serif size=2>or</FONT> </TD></TR>
<TR>
     <TD width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="10%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="63%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>c.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>another entity on whose premises the loss occurred or which employed the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>person causing the loss or engaged the messenger conveying the </FONT><B><FONT face=sans-serif size=2>Property</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>involved.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>
<HR color=#000000 noShade SIZE=2>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><I><FONT face=sans-serif size=2>Conformity</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3><FONT face=sans-serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. If any limitation within this Bond is prohibited by any law controlling this Bond's</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>construction, such limitation shall be deemed to be amended so as to equal the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>minimum period of limitation provided by such law.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>
<HR color=#000000 noShade SIZE=1>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><I><FONT face=sans-serif size=2>Change or Modification</FONT></I> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3><FONT face=sans-serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. This Bond or any instrument amending or affecting this Bond may not be changed</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>or modified orally. No change in or modification of this Bond shall be effective</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>except when made by written endorsement to this Bond signed by an authorized</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>representative of the COMPANY.</FONT> </TD></TR>
<TR>
     <TD width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="75%" colSpan=3></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>If this Bond is for a sole ASSURED, no change or modification which would</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>adversely affect the rights of the ASSURED shall be effective prior to sixty (60)</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>days after written notice has been furnished to the Securities and Exchange</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Commission, Washington, D.C, by the acting party.</FONT> </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 698px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="44%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="44%"><FONT face=sans-serif size=1>Page 18 of 19</FONT> </TD></TR></TABLE><BR>
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<A name="page_20"></A>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><I><FONT face=sans-serif>Conditions And</FONT></I><BR>
<I><FONT face=sans-serif>Limitations</FONT></I></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=top>
     <TD width="25%">
<P><I><FONT face=sans-serif size=2>Change or Modification (continued)</FONT></I></P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="72%">
<P><FONT face=sans-serif size=2>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 </FONT><B><FONT face=sans-serif size=2>Investment Companies </FONT></B><FONT face=sans-serif size=2>and to the Securities and Exchange Commission, Washington, D.C., by the COMPANY.</FONT></P>
</TD></TR></TABLE><BR>
<TABLE style="WIDTH: 716px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>ICAP Bond (5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="44%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="53%"><FONT face=sans-serif size=1>Form 17-02-1421 (Ed. 5-98)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="44%"><FONT face=sans-serif size=1>Page 19 of 19</FONT> </TD></TR></TABLE><BR>
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<A name="page_21"></A>
<TABLE style="WIDTH: 638px; HEIGHT: 206px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%"><FONT face=sans-serif size=2>Effective date of</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="31%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%"><FONT face=sans-serif size=2>this endorsement: July 15, 2008</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="51%" colSpan=3><B><FONT face=sans-serif size=2>FEDERAL INSURANCE COMPANY</FONT></B> </TD></TR>
<TR>
     <TD width="46%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="51%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="51%" colSpan=3><FONT face=sans-serif size=2>Endorsement No.: 1 Bond</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="51%" colSpan=3><FONT face=sans-serif size=2>To be attached to and form a part of Bond</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%"><FONT face=sans-serif size=2>Number:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="31%"><FONT face=sans-serif size=2>81906724</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%"><FONT face=sans-serif size=2>Issued to: JOHN HANCOCK FUNDS</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="31%">&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=5>
<HR color=#000000 noShade SIZE=1>
</TD></TR></TABLE><BR>
<P align=center><B><FONT face=sans-serif size=2>COMPLIANCE WITH APPLICABLE TRADE SANCTION LAWS RIDER</FONT></B></P>
<P align=left><FONT face=sans-serif size=2>It is agreed that this insurance does not apply to the extent that trade or economic sanctions or other laws or regulations prohibit the coverage provided by this insurance.</FONT></P>
<P align=left><FONT face=sans-serif size=2>ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="42%"><FONT face=sans-serif size=2>Date: March 10, 2009</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%"><FONT face=sans-serif size=2>By</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%">&nbsp; </TD></TR>
<TR>
     <TD width="42%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="27%"></TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD width="25%"><FONT size=2><U>/s/ Robert Hamburger</U></FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="42%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%"><FONT face=sans-serif size=1>Authorized Representative</FONT> </TD></TR></TABLE>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P><BR>
&nbsp;</P>
<P align=left><FONT face=sans-serif size=2>Form 14-02-9228 (Ed. 4/2004)</FONT></P>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_22"></A>
<P align=right>
<TABLE>
<TR>
     <TD width=270>&nbsp;</TD>
     <TD noWrap><B><FONT face=sans-serif size=2>FEDERAL INSURANCE COMPANY</FONT></B><BR>
<BR>
<FONT face=sans-serif size=2>Endorsement No: 2 Bond</FONT><BR>
<BR>
<FONT face=sans-serif size=2>Bond Number: 81906724</FONT></TD></TR></TABLE></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>NAME OF ASSURED: JOHN HANCOCK FUNDS</FONT></TD></TR></TABLE></P>
<P align=center><B><FONT face=sans-serif size=2>___________________________________________________________________________________________________________________________________________</FONT></B></P>
<P align=center><B><FONT face=sans-serif size=2>TERMINATION-NONRENEWAL-NOTICE ENDORSEMENT</FONT></B></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>It is agreed that this Bond is amended as follows:</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>By adding to Section 13., Termination, the following: "Termination By The Company Bonds In Effect For More Than Sixty (60) Days</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>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:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>Nonpayment of premium;</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>Discovery of fraud or material misrepresentation in obtaining this Bond or in the presentation of a claim thereunder;</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>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;</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>4.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>Conviction of the ASSURED of a crime arising out of acts increasing the hazard insured against;</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>5.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>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;</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>6.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>Determination by the Commissioner that the continuation of the Bond would jeopardize a COMPANY'S solvency or would place the COMPANY in violation of the insurance laws of any state;</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>7.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>Determination by the Commissioner that continuation of the present premium volume of the COMPANY would jeopardize the COMPANY'S policyholders, creditors orthe public;</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>8.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>Such other reasons that are approved by the Commissioner;</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>9.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>Determination by the Commissioner that the COMPANY no longer has adequate reinsurance to meet the ASSUREDS needs;</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>10.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>Substantial breaches of contractual duties, conditions or warranties; or</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>11.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>Unfavorable underwriting facts, specific to the ASSURED, existing that were not present at the inception of the Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<TABLE style="WIDTH: 750px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="60%"><FONT face=sans-serif size=2>ICAP Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="37%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="60%"><FONT face=sans-serif size=2>Form 17-02-1360 (Rev. 10-99)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="37%"><FONT face=sans-serif size=2>Page 1</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<P align=left><FONT face=sans-serif size=2>Bonds In Effect Sixty (60) Days Or Less</FONT></P>
<P align=left><FONT face=sans-serif size=2>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.</FONT></P>
<P align=left><FONT face=sans-serif size=2>Notice Of Termination</FONT></P>
<P align=left><FONT face=sans-serif size=2>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.</FONT></P>
<P align=left><FONT face=sans-serif size=2>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.</FONT></P>
<P align=left><FONT face=sans-serif size=2>All notice of cancellation shall state the reason(s) for cancellation.</FONT></P>
<P align=left><FONT face=sans-serif size=2>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.</FONT></P>
<P align=left><FONT face=sans-serif size=2>Notice Of Nonrenewal</FONT></P>
<P align=left><FONT face=sans-serif size=2>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'S agent or broker, if any.</FONT></P>
<P align=left><FONT face=sans-serif size=2>Such notice shall contain all of the following:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>a.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>Bond Number:</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>b.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>Date of Notice;</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>c.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>Reason for Cancellation;</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>d.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>Expiration Date of the Bond;</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>e.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>Effective Date and Hour of Cancellation.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=sans-serif size=2>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.</FONT></P>
<TABLE style="WIDTH: 643px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>ICAP Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="38%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>Form 17-02-1360 (Rev. 10-99)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="38%"><FONT face=sans-serif size=2>Page 2</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_24"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=sans-serif size=2>Return Premium Calculations</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=sans-serif size=2>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.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=sans-serif size=2>Conditional Renewal</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=sans-serif size=2>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."</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>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.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=sans-serif size=2>This Endorsement applies to loss discovered after 12:01 a.m. on July 15, 2008.</FONT></P>
<P align=left><FONT face=sans-serif size=2>ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>Date: March 10, 2009</FONT></TD></TR></TABLE></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap>
<P><FONT face=sans-serif size=2>By</FONT></P>
<P><FONT face=sans-serif size=2><U>/s/ Robert Hamburger</U></FONT></P>
</TD></TR></TABLE></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=1>Authorized Representative</FONT></TD></TR></TABLE></P>
<TABLE style="WIDTH: 675px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=monospace size=2>ICAP Bond</FONT> </TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=left width="38%"><FONT size=2>&nbsp; </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=monospace size=2>Form 17-02-1360 (Rev. 10-99)</FONT> </TD>
     <TD width="2%"><FONT size=2>&nbsp; </FONT></TD>
     <TD noWrap align=right width="38%"><FONT face=monospace size=2>Page 3</FONT> </TD></TR></TABLE><BR>
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<A name="page_25"></A>
<P align=right>
<TABLE>
<TR>
     <TD width=258>&nbsp;</TD>
     <TD noWrap><B><FONT face=sans-serif size=2>FEDERAL INSURANCE COMPANY</FONT></B><BR>
<BR>
<FONT face=sans-serif size=2>Endorsement No.: 3 Bond</FONT><BR>
<BR>
<FONT face=sans-serif size=2>Bond Number: 81906724</FONT></TD></TR></TABLE></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap>
<P><FONT face=sans-serif size=2>NAME OF ASSURED: JOHN HANCOCK FUNDS</FONT></P>
<P><FONT face=Arial size=2>________________________________________________________________________________________________________________________________________</FONT></P>
</TD></TR></TABLE></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=sans-serif size=2>UNAUTHORIZED SIGNATURE ENDORSEMENT</FONT></B></TD></TR></TABLE></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>It is agreed that this Bond is amended as follows:</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>By adding the following INSURING CLAUSE:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>12.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>Unauthorized Signature</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=sans-serif size=2>Loss resulting directly from the ASSURED having accepted, paid or cashed any check or </FONT><B><FONT face=sans-serif size=2>Withdrawal Order </FONT></B><FONT face=sans-serif size=2>made or drawn on or against the account of the ASSURED'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.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=sans-serif size=2>It shall be a condition precedent to the ASSURED'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.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>By adding to Section 1., Definitions, the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>aa. </FONT><B><FONT face=sans-serif size=2>Instruction </FONT></B><FONT face=sans-serif size=2>means a written order to the issuer of an </FONT><B><FONT face=sans-serif size=2>Uncertificated Security </FONT></B><FONT face=sans-serif size=2>requesting that the transfer, pledge or release from pledge of the specified </FONT><B><FONT face=sans-serif size=2>Uncertificated Security </FONT></B><FONT face=sans-serif size=2>be registered.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>bb. </FONT><B><FONT face=sans-serif size=2>Uncertificated Security </FONT></B><FONT face=sans-serif size=2>means a share, participation or other interest in property of or an enterprise of the issuer or an obligation of the issuer, which is:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>(1) not represented by an instrument and the transfer of which is registered on books</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=sans-serif size=2>maintained for that purpose by or on behalf of the issuer, and</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=sans-serif size=2>(2) of a type commonly dealt in on securities exchanges or markets, and</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=sans-serif size=2>(3) either one of a class or series or by its terms divisible into a class or series of shares, participations, interests or obligations.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<TABLE style="WIDTH: 720px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>ICAP Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="38%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>Form 17-02-5602 (Ed. 10-03)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="38%"><FONT face=sans-serif size=2>Page 1</FONT> </TD></TR></TABLE><BR>
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<P align=center><FONT face=sans-serif size=2>cc. </FONT><B><FONT face=sans-serif size=2>Withdrawal Order </FONT></B><FONT face=sans-serif size=2>means a non-negotiable instrument, other than an </FONT><B><FONT face=sans-serif size=2>Instruction, </FONT></B><FONT face=sans-serif size=2>signed by a customer of the ASSURED authorizing the ASSURED to debit the customer's account in the amount of funds stated therein.</FONT></P>
<P align=left><FONT face=sans-serif size=2>This Endorsement applies to loss discovered after 12:01 a.m. on July 15, 2008.</FONT></P>
<P align=left><FONT face=sans-serif size=2>ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>Date: March 10, 2009</FONT></TD></TR></TABLE></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>By</FONT><BR>
<FONT face=sans-serif size=1>
<P><FONT face=sans-serif size=2><U>/s/ Robert Hamburger</U></FONT></P>
Authorized Representative</FONT></TD></TR></TABLE></P>
<TABLE style="WIDTH: 679px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>ICAP Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="38%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>Form 17-02-5602 (Ed. 10-03)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="38%"><FONT face=sans-serif size=2>Page 2</FONT> </TD></TR></TABLE><BR>
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<P align=right>
<TABLE>
<TR>
     <TD width=257>&nbsp;</TD>
     <TD noWrap><B><FONT face=sans-serif size=2>FEDERAL INSURANCE COMPANY</FONT></B><BR>
<BR>
<FONT face=sans-serif size=2>Endorsement No.: 4 Bond</FONT><BR>
<BR>
<FONT face=sans-serif size=2>Bond Number: 81906724</FONT></TD></TR></TABLE></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap>
<P><FONT face=sans-serif size=2>NAME OF ASSURED: JOHN HANCOCK FUNDS</FONT></P>
<P><FONT face=Arial size=2>___________________________________________________________________________________________________________________________________</FONT></P>
</TD></TR></TABLE></P>
<P align=center><B><FONT face=sans-serif size=2>AUTOMATED TELEPHONE TRANSACTION ENDORSEMENT</FONT></B></P>
<P align=left><FONT face=sans-serif size=2>It is agreed that this Bond is amended as follows:</FONT></P>
<P align=left><FONT face=sans-serif size=2>1. By adding the following INSURING CLAUSE: . Automated Telephone System Transaction</FONT></P>
<P align=left><FONT face=sans-serif size=2>Loss resulting directly from the ASSURED having transferred funds on the faith of any</FONT></P>
<P align=left><B><FONT face=sans-serif size=2>Automated Phone System (APS) Transaction, </FONT></B><FONT face=sans-serif size=2>where the request for such </FONT><B><FONT face=sans-serif size=2>APS Transaction </FONT></B><FONT face=sans-serif size=2>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 </FONT><B><FONT face=sans-serif size=2>APS Designated Procedures. </FONT></B><FONT face=sans-serif size=2>A single failure of the ASSURED to maintain and follow a particular </FONT><B><FONT face=sans-serif size=2>APS Designated Procedure </FONT></B><FONT face=sans-serif size=2>in a particular </FONT><B><FONT face=sans-serif size=2>APS Transaction </FONT></B><FONT face=sans-serif size=2>will not preclude coverage under this INSURING CLAUSE.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=sans-serif size=2>By adding to Section 1., Definitions, the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>dd.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><B><FONT face=sans-serif size=2>APS Designated Procedures </FONT></B><FONT face=sans-serif size=2>means all of the following procedures:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>No </FONT><B><FONT face=sans-serif size=2>APS Transaction </FONT></B><FONT face=sans-serif size=2>shall be executed unless the shareholder or unitholder to whose account such an </FONT><B><FONT face=sans-serif size=2>APS Transaction </FONT></B><FONT face=sans-serif size=2>relates has previously elected to </FONT><B><FONT face=sans-serif size=2>APS</FONT></B> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><B><FONT face=sans-serif size=2>Transactions. </FONT></B><FONT face=sans-serif size=2>(Election in Application)</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>All </FONT><B><FONT face=sans-serif size=2>APS Transactions </FONT></B><FONT face=sans-serif size=2>shall be logged or otherwise recorded and the records shall be retained for at least six (6) months. (Logging)</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=sans-serif size=2>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.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(3)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>The caller in any request for an </FONT><B><FONT face=sans-serif size=2>APS Transaction, </FONT></B><FONT face=sans-serif size=2>before executing that </FONT><B><FONT face=sans-serif size=2>APS Transaction </FONT></B><FONT face=sans-serif size=2>must enter a personal identification number (PIN), social security number and account number. (Identity Test)</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=sans-serif size=2>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)</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<TABLE style="WIDTH: 674px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>ICAP Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="38%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>Form 17-02-2345 (Ed. 10-00)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="38%"><FONT face=sans-serif size=2>Page 1</FONT> </TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=3></TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2><FONT face=sans-serif size=2>(4) A written confirmation of any </FONT><B><FONT face=sans-serif size=2>APS Transaction </FONT></B><FONT face=sans-serif size=2>or change of address shall be mailed to</FONT> the shareholder or unitholder to whose account such transaction relates, at the record address, by the end of the insured's next regular processing cycle, but in no event later than five (5) business days following such </FONT><B><FONT face=sans-serif size=2>APS Transaction. </FONT></B><FONT face=sans-serif size=2>(Written Confirmation)</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(5)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>Access to the equipment which permits the entity receiving the </FONT><B><FONT face=sans-serif size=2>APS Transaction </FONT></B><FONT face=sans-serif size=2>request to process and effect the transaction shall be limited in the following manner:</FONT> <FONT face=sans-serif size=2>(Access to APS Equipment)</FONT></TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%">&nbsp;</TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>ee.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><B><FONT face=sans-serif size=2>APS Election </FONT></B><FONT face=sans-serif size=2>means any election concerning various account features available to the shareholder or unitholder which is made through the </FONT><B><FONT face=sans-serif size=2>Automated Phone System </FONT></B><FONT face=sans-serif size=2>by means of information transmitted by an individual caller through use of a </FONT><B><FONT face=sans-serif size=2>Automated Phone System.</FONT></B> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>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.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>ff.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><B><FONT face=sans-serif size=2>APS Exchange </FONT></B><FONT face=sans-serif size=2>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 </FONT><B><FONT face=sans-serif size=2>Automated Phone System </FONT></B><FONT face=sans-serif size=2>by means of information transmitted by an individual caller through use of an </FONT><B><FONT face=sans-serif size=2>Automated Phone System.</FONT></B> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>gg.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><B><FONT face=sans-serif size=2>APS Purchase </FONT></B><FONT face=sans-serif size=2>means any purchase of shares or units issued by an </FONT><B><FONT face=sans-serif size=2>Investment Company </FONT></B><FONT face=sans-serif size=2>which is requested through an </FONT><B><FONT face=sans-serif size=2>Automated Phone System.</FONT></B> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>hh.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><B><FONT face=sans-serif size=2>APS Redemption </FONT></B><FONT face=sans-serif size=2>means any redemption of shares or units issued by an </FONT><B><FONT face=sans-serif size=2>Investment Company </FONT></B><FONT face=sans-serif size=2>which it requested through the telephone by means of information transmitted by an individual caller through use of a </FONT><B><FONT face=sans-serif size=2>Automated Phone System.</FONT></B> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>ii.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><B><FONT face=sans-serif size=2>APS Transaction </FONT></B><FONT face=sans-serif size=2>means any </FONT><B><FONT face=sans-serif size=2>APS Purchase, APS Redemption, APS Election </FONT></B><FONT face=sans-serif size=2>or </FONT><B><FONT face=sans-serif size=2>APS Exchange.</FONT></B> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><B><FONT face=sans-serif size=2>jj.</FONT></B>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><B><FONT face=sans-serif size=2>Automated Phone System </FONT></B><FONT face=sans-serif size=2>means an automated system which receives and converts to executable instructions transmissions through the </FONT><B><FONT face=sans-serif size=2>Automated Phone System </FONT></B><FONT face=sans-serif size=2>through use of a touch-tone keypad or other tone system; and always excluding transmissions from a computer system or part thereof.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=sans-serif size=2>By adding the following Section after Section 4., Specific Exclusions-Applicable To All Insuring Clauses Except 1., 4., 5.:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=3><FONT face=sans-serif size=2>Section 4.A.. Specific Exclusion-Applicable to Insuring Clause</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=3><B><FONT face=sans-serif size=2>This Bond does not directly or indirectly cover under Insuring Clause </FONT></B><FONT face=sans-serif size=2>:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=3><FONT face=sans-serif size=2>Loss resulting from:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>a.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>the redemption of shares or units, where the proceeds of such redemption are made payable to other than:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>the shares or units of record,</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>a person designated to receive redemption proceeds, or</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(3)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>a bank account designated to receive redemption proceeds, or</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>b.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>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 </FONT><B><FONT face=sans-serif size=2>Automated Phone System </FONT></B><FONT face=sans-serif size=2>or in writing, at least thirty (30) days prior to such redemption, or</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<TABLE style="WIDTH: 703px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>ICAP Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="38%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>Form 17-02-2345 (Ed. 10-00)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="38%"><FONT face=sans-serif size=2>Page 2</FONT> </TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>c.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>the redemption of shares or units, where shareholder or unitholder of the ASSURED designated bank account of record.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=sans-serif size=2>This Endorsement applies to loss discovered after 12:01 a.m. on July 15, 2008.</FONT></P>
<P align=left><FONT face=sans-serif size=2>ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>Date: March 10, 2009</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><FONT face=sans-serif size=2>By</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%">&nbsp; </TD></TR>
<TR>
     <TD width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="76%"><FONT face=sans-serif size=2><U>/s/ Robert Hamburger</U></FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%"><FONT face=sans-serif size=1>Authorized Representative</FONT> </TD></TR></TABLE><BR>
<TABLE style="WIDTH: 605px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>ICAP Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="38%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>Form 17-02-2345 (Ed. 10-00)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="38%"><FONT face=sans-serif size=2>Page 3</FONT> </TD></TR></TABLE><BR>
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<A name="page_30"></A>
<P align=right>
<TABLE>
<TR>
     <TD width=266>&nbsp;</TD>
     <TD noWrap><B><FONT face=sans-serif size=2>FEDERAL INSURANCE COMPANY</FONT></B><BR>
<BR>
<FONT face=sans-serif size=2>Endorsement No.: 5 Bond</FONT><BR>
<BR>
<FONT face=sans-serif size=2>Bond Number: 81906724</FONT></TD></TR></TABLE></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap>
<P><FONT face="Microsoft Sans Serif" size=2>NAME OF ASSURED: JOHN HANCOCK FUNDS</FONT></P>
<P><FONT face="Microsoft Sans Serif" size=2>______________________________________________________________________________________________________________________________</FONT></P>
</TD></TR></TABLE></P>
<P align=center><B><FONT face="Microsoft Sans Serif" size=2>TELEFACSIMILE INSTRUCTION FRAUD ENDORSEMENT</FONT></B></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>It is agreed that this Bond is amended as follows:</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=sans-serif size=2>By adding the following INSURING CLAUSE:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>14.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>Telefacsimile Instruction</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>Loss resulting directly from the ASSURED having transferred, paid or delivered any funds or other </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>or established any credit, debited any account or given any value on the faith of any fraudulent instructions sent by a Customer, financial institution or another office of the ASSURED by Telefacsimile directly to the ASSURED authorizing or acknowledging the transfer, payment or delivery of funds or </FONT><B><FONT face=sans-serif size=2>Property </FONT></B><FONT face=sans-serif size=2>or the establishment of a credit or the debiting of an account or the giving of value by the ASSURED where such Telefacsimile instructions:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>a.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>bear a valid test key exchanged between the ASSURED and a Customer or another financial institution with authority to use such test key for Telefacsimile 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</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>b.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>fraudulently purport to have been sent by such Customer or financial institution when such Telefacsimile instructions were transmitted without the knowledge or consent of such Customer or financial institution by a person other than such Customer or financial institution and which bear a </FONT><B><FONT face=sans-serif size=2>Forgery </FONT></B><FONT face=sans-serif size=2>of a signature, provided that the Telefacsimile 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 Customer, or an employee of another financial institution.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=sans-serif size=2>By deleting from Section 1., Definitions, the definition of Customer in its entirety, and substituting the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>d.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>Customer means an individual, corporate, partnership, trust customer, shareholder or subscriber of an Investment Company which has a written agreement with the ASSURED for Voice Initiated Funds Transfer Instruction or Telefacsimile Instruction.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE style="WIDTH: 624px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="60%"><FONT face=sans-serif size=2>ICAP Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="37%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="60%"><FONT face=sans-serif size=2>Form 17-02-2367 (Rev. 10-03)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="37%"><FONT face=sans-serif size=2>Page 1</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_31"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>By adding to Section 1., Definitions, the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>kk.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><B><FONT face=sans-serif size=2>Telefacsimile </FONT></B><FONT face=sans-serif size=2>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. </FONT><B><FONT face=sans-serif size=2>Telefacsimile </FONT></B><FONT face=sans-serif size=2>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.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>4.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>By adding to Section 3., Specific Exclusions Applicable to All Insuring Clauses Except Insuring Clause 1. the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>d.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>loss resulting directly or indirectly from </FONT><B><FONT face=sans-serif size=2>Telefacsimile </FONT></B><FONT face=sans-serif size=2>instructions provided, however, this exclusion shall not apply to this INSURING CLAUSE.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=sans-serif size=2>This Endorsement applies to loss discovered after 12:01 a.m. on July 15, 2008.</FONT></P>
<P align=left><FONT face=sans-serif size=2>ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>Date: March 10, 2009</FONT></TD></TR></TABLE></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap>
<P><FONT face=sans-serif size=2>By</FONT><BR>
<FONT face=sans-serif size=2><U>/s/ Robert Hamburger</U></FONT></P>
<P><FONT face=sans-serif size=1>Authorized Representative</FONT></P>
</TD></TR></TABLE></P>
<TABLE style="WIDTH: 637px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="60%"><FONT face=sans-serif size=2>ICAP Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="37%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="60%"><FONT face=sans-serif size=2>Form 17-02-2367 (Rev. 10-03)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="37%"><FONT face=sans-serif size=2>Page 2</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_32"></A>
<P align=right>
<TABLE>
<TR>
     <TD noWrap><B><FONT face=sans-serif size=2>FEDERAL INSURANCE COMPANY</FONT></B><BR>
<BR>
<FONT face=sans-serif size=2>Endorsement No.: 6 Bond</FONT><BR>
<BR>
<FONT face=sans-serif size=2>Bond Number: 81906724</FONT></TD></TR></TABLE></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap>
<P><FONT face=sans-serif size=2>NAME OF ASSURED: JOHN HANCOCK FUNDS</FONT></P>
<P><FONT face=Arial size=2>___________________________________________________________________________________________________________________________</FONT></P>
</TD></TR></TABLE></P>
<P align=center><B><FONT face=sans-serif size=2>STOP PAYMENT ORDER OR REFUSAL TO PAY CHECK ENDORSEMENT</FONT></B></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>It is agreed that this Bond is amended as follows:</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>By adding the following INSURING CLAUSE: "15. Stop Payment Order or Refusal to Pay Check</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=sans-serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loss resulting directly from the ASSURED being legally liable to pay compensatory damages for:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>a.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>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</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>b.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>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."</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=sans-serif size=2>By adding the following Specific Exclusion:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=3><FONT face=sans-serif size=2>"Section 4.A. Specific Exclusions - Applicable to INSURING CLAUSE 15</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=3><B><FONT face=sans-serif size=2>This Bond does not directly or indirectly cover:</FONT></B> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>a.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>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,</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>b.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>loss arising out of:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>libel, slander, wrongful entry, eviction, defamation, false arrest, false imprisonment, malicious prosecution, assault or battery,</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>sickness, disease, physical bodily harm, mental or emotional distress or anguish, or death of any person, or</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(3)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>discrimination."</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=sans-serif size=2>This Endorsement applies to loss discovered after 12:01 a.m. on July 15, 2008. ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>Date: March 10, 2009</FONT></TD></TR></TABLE></P>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><FONT face=sans-serif size=2>By</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%">&nbsp; </TD></TR>
<TR>
     <TD width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="76%"><FONT face=sans-serif size=2><U>/s/ Robert Hamburger</U></FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="76%"><FONT face=sans-serif size=1>Authorized Representative</FONT> </TD></TR></TABLE></DIV><BR>
<P align=left><FONT face=sans-serif size=2>ICAP Bond</FONT></P>
<P align=left><FONT face=sans-serif size=2>Form 17-02-2365 (Ed. 10-00)</FONT></P>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_33"></A>
<P align=right>
<TABLE>
<TR>
     <TD noWrap><B><FONT face=sans-serif size=2>FEDERAL INSURANCE COMPANY</FONT></B><BR>
<BR>
<FONT face=sans-serif size=2>Endorsement No.: 7 Bond</FONT><BR>
<BR>
<FONT face=sans-serif size=2>Bond Number: 81906724</FONT></TD></TR></TABLE></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap>
<P><FONT face="MS Sans Serif" size=2>NAME OF ASSURED: JOHN HANCOCK FUNDS</FONT></P>
<P><FONT face="MS Sans Serif" size=2>_____________________________________________________________________________________________________________________________</FONT></P>
</TD></TR></TABLE></P>
<P align=center><B><FONT face="MS Sans Serif" size=2>EXTENDED COMPUTER SYSTEMS ENDORSEMENT</FONT></B></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap>
<P><FONT face=sans-serif size=2>It is agreed that this Bond is amended as follows: </FONT></P>
<P><FONT face=sans-serif size=2>1. </FONT><FONT face=sans-serif size=2>By adding the following INSURING CLAUSE: </FONT></P>
<P><FONT face=sans-serif size=2>16. </FONT><FONT face=sans-serif size=2>Extended Computer Systems</FONT></P>
</TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>A.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>Electronic Data, Electronic Media, Electronic Instruction</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>Loss resulting directly from:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>the fraudulent modification of Electronic Data, Electronic Media or Electronic Instruction being stored within or being run within any system covered under this INSURING CLAUSE,</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>robbery, burglary, larceny or theft of Electronic Data, Electronic Media or Electronic Instructions,</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(3)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>the acts of a hacker causing damage or destruction of Electronic Data, Electronic Media or Electronic Instruction owned by the ASSURED or for which the ASSURED is legally liable, while stored within a Computer System covered under this INSURING CLAUSE, or</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(4)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>the damage or destruction of Electronic Data, Electronic Media or Electronic Instruction owned by the ASSURED or for which the ASSURED is legally liable while stored within a Computer System 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 Electronic Data, Electronic Media, or Electronic Instruction in the Computer System in which the computer program or instruction so written or so altered is used.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<TABLE style="WIDTH: 686px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>ICAP2 Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="38%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>Form 17-02-2976 (Ed. 1-02)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="38%"><FONT face=sans-serif size=2>Page 1</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_34"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>B.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>Electronic Communication</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>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:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>an </FONT><B><FONT face=sans-serif size=2>Electronic Communication System,</FONT></B> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>an automated clearing house or custodian, or</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(3)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>a Telex, TWX, or similar means of communication,</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=sans-serif size=2>directly into the ASSURED'S </FONT><B><FONT face=sans-serif size=2>Computer System </FONT></B><FONT face=sans-serif size=2>or </FONT><B><FONT face=sans-serif size=2>Communication Terminal, </FONT></B><FONT face=sans-serif size=2>and</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>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 </FONT><B><FONT face=sans-serif size=2>Electronic Media </FONT></B><FONT face=sans-serif size=2>to the ASSURED or during electronic transmission to the ASSURED'S </FONT><B><FONT face=sans-serif size=2>Computer System </FONT></B><FONT face=sans-serif size=2>or</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><B><FONT face=sans-serif size=2>Communication Terminal.</FONT></B> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>C.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>Electronic Transmission</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>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:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>an </FONT><B><FONT face=sans-serif size=2>Electronic Communication System,</FONT></B> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>an automated clearing house or custodian, or</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(3)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>a Telex, TWX, or similar means of communication,</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>directly into a </FONT><B><FONT face=sans-serif size=2>Computer System </FONT></B><FONT face=sans-serif size=2>or </FONT><B><FONT face=sans-serif size=2>Communication Terminal </FONT></B><FONT face=sans-serif size=2>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 </FONT><B><FONT face=sans-serif size=2>Electronic Media </FONT></B><FONT face=sans-serif size=2>from the ASSURED or during electronic transmission from the ASSURED'S</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><B><FONT face=sans-serif size=2>Computer System </FONT></B><FONT face=sans-serif size=2>or </FONT><B><FONT face=sans-serif size=2>Communication Terminal, </FONT></B><FONT face=sans-serif size=2>and for which loss the ASSURED is held to be legally liable.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<TABLE style="WIDTH: 705px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>ICAP2 Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="38%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>Form 17-02-2976 (Ed. 1 -02)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="38%"><FONT face=sans-serif size=2>Page 2</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_35"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>By adding to Section 1., Definitions, the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>II.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><B><FONT face=sans-serif size=2>Communication Terminal </FONT></B><FONT face=sans-serif size=2>means a teletype, teleprinter or video display terminal, or similar device capable of sending or receiving information electronically. </FONT><B><FONT face=sans-serif size=2>Communication Terminal </FONT></B><FONT face=sans-serif size=2>does not mean a telephone.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>mm. </FONT><B><FONT face=sans-serif size=2>Electronic Communication System </FONT></B><FONT face=sans-serif size=2>means electronic communication operations by</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=sans-serif size=2>Fedwire, Clearing House Interbank Payment System (CHIPS), Society of Worldwide International Financial Telecommunication (SWIFT), similar automated interbank communication systems, and Internet access facilities.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>nn. </FONT><B><FONT face=sans-serif size=2>Electronic Data </FONT></B><FONT face=sans-serif size=2>means facts or information converted to a form usable in </FONT><B><FONT face=sans-serif size=2>Computer</FONT></B> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><B><FONT face=sans-serif size=2>Systems </FONT></B><FONT face=sans-serif size=2>and which is stored on </FONT><B><FONT face=sans-serif size=2>Electronic Media </FONT></B><FONT face=sans-serif size=2>for use by computer programs.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>oo. </FONT><B><FONT face=sans-serif size=2>Electronic Instruction </FONT></B><FONT face=sans-serif size=2>means computer programs converted to a form usable in a </FONT><B><FONT face=sans-serif size=2>Computer</FONT></B> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><B><FONT face=sans-serif size=2>System </FONT></B><FONT face=sans-serif size=2>to act upon </FONT><B><FONT face=sans-serif size=2>Electronic Data.</FONT></B> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>pp. </FONT><B><FONT face=sans-serif size=2>Electronic Media </FONT></B><FONT face=sans-serif size=2>means the magnetic tape, magnetic disk, optical disk, or any other bulk</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=sans-serif size=2>media on which data is recorded.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=sans-serif size=2>By adding the following Section after Section 4., Specific Exclusions-Applicable to All INSURING CLAUSES except 1., 4., and 5.:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=3><FONT face=sans-serif size=2>Section 4.A. Specific Exclusions-Applicable to INSURING CLAUSE 16</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=3><B><FONT face=sans-serif size=2>This Bond does not directly or indirectly cover:</FONT></B> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>a.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>loss resulting directly or indirectly from </FONT><B><FONT face=sans-serif size=2>Forged, </FONT></B><FONT face=sans-serif size=2>altered or fraudulent negotiable instruments, securities, documents or written instruments used as source documentation in the preparation of </FONT><B><FONT face=sans-serif size=2>Electronic Data;</FONT></B> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>b.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>loss of negotiable instruments, securities, documents or written instruments except as converted to </FONT><B><FONT face=sans-serif size=2>Electronic Data </FONT></B><FONT face=sans-serif size=2>and then only in that converted form;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>c.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>loss resulting from mechanical failure, faulty construction, error in design, latent defect, wear or tear, gradual deterioration, electrical disturbance, </FONT><B><FONT face=sans-serif size=2>Electronic Media </FONT></B><FONT face=sans-serif size=2>failure or breakdown or any malfunction or error in programming or error or omission in processing;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>d.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>loss resulting directly or indirectly from the input of </FONT><B><FONT face=sans-serif size=2>Electronic Data </FONT></B><FONT face=sans-serif size=2>at an authorized electronic terminal of an </FONT><B><FONT face=sans-serif size=2>Electronic Funds Transfer System </FONT></B><FONT face=sans-serif size=2>or a </FONT><B><FONT face=sans-serif size=2>Customer Communication System </FONT></B><FONT face=sans-serif size=2>by a person who had authorized access from a customer to that customer's authentication mechanism; or</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>e.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>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</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>f.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=sans-serif size=2>loss resulting directly or indirectly from:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>written instruction unless covered under this INSURING CLAUSE; or</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>instruction by voice over the telephone, unless covered under this INSURING CLAUSE.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<TABLE style="WIDTH: 695px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>ICAP2 Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="38%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>Form 17-02-2976 (Ed. 1 -02)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="38%"><FONT face=sans-serif size=2>Page 3</FONT> </TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>4.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>By adding to Section 9., Valuation, the following: Electronic Data, Electronic Media, Or Electronic Instruction</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=sans-serif size=2>In case of loss of, or damage to, </FONT><B><FONT face=sans-serif size=2>Electronic Data, Electronic Media </FONT></B><FONT face=sans-serif size=2>or </FONT><B><FONT face=sans-serif size=2>Electronic Instruction </FONT></B><FONT face=sans-serif size=2>used by the ASSURED in its business, the COMPANY shall be liable under this Bond only if such items are actually reproduced form other </FONT><B><FONT face=sans-serif size=2>Electronic Data, Electronic Media </FONT></B><FONT face=sans-serif size=2>or </FONT><B><FONT face=sans-serif size=2>Electronic Instruction </FONT></B><FONT face=sans-serif size=2>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 </FONT><B><FONT face=sans-serif size=2>Electronic Data, Electronic Media </FONT></B><FONT face=sans-serif size=2>or </FONT><B><FONT face=
sans-serif size=2>Electronic Instruction </FONT></B><FONT face=sans-serif size=2>subject to the applicable SINGLE LOSS LIMIT OF LIABILITY.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=sans-serif size=2>However, if such </FONT><B><FONT face=sans-serif size=2>Electronic Data </FONT></B><FONT face=sans-serif size=2>can not be reproduced and said </FONT><B><FONT face=sans-serif size=2>Electronic Data </FONT></B><FONT face=sans-serif size=2>represents </FONT><B><FONT face=sans-serif size=2>Securities </FONT></B><FONT face=sans-serif size=2>or financial instruments having a value, then the loss will be valued as indicated in the SECURITIES and OTHER PROPERTY paragraphs of this Section.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=sans-serif size=2>This Endorsement applies to loss discovered after 12:01 a.m. on July 15, 2008.</FONT></P>
<P align=left><FONT face=sans-serif size=2>ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>Date: March 10, 2009</FONT></TD></TR></TABLE></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>By <FONT face=sans-serif size=2><U>/s/ Robert Hamburger</U></FONT></FONT><BR>
<FONT face=sans-serif size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authorized Representative</FONT></TD></TR></TABLE></P>
<TABLE style="WIDTH: 620px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>ICAP2 Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="38%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>Form 17-02-2976 (Ed. 1 -02)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="38%"><FONT face=sans-serif size=2>Page 4</FONT> </TD></TR></TABLE><BR>
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<P align=right>
<TABLE>
<TR>
     <TD noWrap><B><FONT face=sans-serif size=2>FEDERAL INSURANCE COMPANY</FONT></B><BR>
<BR>
<FONT face=sans-serif size=2>Endorsement No: 8 Bond</FONT><BR>
<BR>
<FONT face=sans-serif size=2>Bond Number: 81906724</FONT></TD></TR></TABLE></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap>
<P><FONT face=sans-serif size=2>NAME OF ASSURED: JOHN HANCOCK FUNDS</FONT></P>
<P><FONT face=Arial size=2>________________________________________________________________________________________________________________________</FONT></P>
</TD></TR></TABLE></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=sans-serif size=2>NAME OF ASSURED ENDORSEMENT</FONT></B></TD></TR></TABLE></P>
<P align=left><FONT face=sans-serif size=2>It is agreed that the NAME OF ASSURED in the DECLARATIONS is amended to read as follows:</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>JOHN HANCOCK FUNDS</FONT><BR>
<FONT face=sans-serif size=2>JOHN HANCOCK TRUST</FONT><BR>
<FONT face=sans-serif size=2>500 INDEX</FONT><BR>
<FONT face=sans-serif size=2>500 INDEX TRUST B</FONT><BR>
<FONT face=sans-serif size=2>ABSOLUTE RETURN TRUST</FONT><BR>
<FONT face=sans-serif size=2>ACTIVE BOND TRUST</FONT><BR>
<FONT face=sans-serif size=2>ALL CAP CORE TRUST</FONT><BR>
<FONT face=sans-serif size=2>ALL CAP GROWTH TRUST</FONT><BR>
<FONT face=sans-serif size=2>ALL CAP VALUE TRUST</FONT><BR>
<FONT face=sans-serif size=2>AMERICAN ASSET ALLOCATION TRUST</FONT><BR>
<FONT face=sans-serif size=2>AMERICAN BLUE CHIP INCOME AND GROWTH TRUST</FONT><BR>
<FONT face=sans-serif size=2>AMERICAN BOND TRUST</FONT><BR>
<FONT face=sans-serif size=2>AMERICAN GLOBAL GROWTH TRUST</FONT><BR>
<FONT face=sans-serif size=2>AMERICAN GLOBAL SMALL CAPITALIZATION TRUST</FONT><BR>
<FONT face=sans-serif size=2>AMERICAN GROWTH TRUST</FONT><BR>
<FONT face=sans-serif size=2>AMERICAN GROWTH-INCOME TRUST</FONT><BR>
<FONT face=sans-serif size=2>AMERICAN HIGH-INCOME BOND TRUST</FONT><BR>
<FONT face=sans-serif size=2>AMERICAN INTERNATIONAL TRUST</FONT><BR>
<FONT face=sans-serif size=2>AMERICAN NEW WORLD TRUST</FONT><BR>
<FONT face=sans-serif size=2>BLUE CHIP GROWTH TRUST</FONT><BR>
<FONT face=sans-serif size=2>BOND INDEX TRUST A</FONT><BR>
<FONT face=sans-serif size=2>BOND INDEX TRUST B</FONT><BR>
<FONT face=sans-serif size=2>CAPITAL APPRECIATION TRUST</FONT><BR>
<FONT face=sans-serif size=2>CLASSIC VALUE TRUST</FONT><BR>
<FONT face=sans-serif size=2>CORE BOND TRUST</FONT><BR>
<FONT face=sans-serif size=2>CORE EQUITY TRUST</FONT><BR>
<FONT face=sans-serif size=2>DYNAMIC GROWTH TRUST</FONT><BR>
<FONT face=sans-serif size=2>EMERGING GROWTH TRUST</FONT><BR>
<FONT face=sans-serif size=2>EMERGING MARKETS VALUE TRUST</FONT><BR>
<FONT face=sans-serif size=2>EMERGING SMALL COMPANY TRUST</FONT><BR>
<FONT face=sans-serif size=2>EQUITY-INCOME TRUST</FONT><BR>
<FONT face=sans-serif size=2>FINANCIAL SERVICES TRUST</FONT><BR>
<FONT face=sans-serif size=2>FRANKLIN TEMPLETON FOUNDING ALLOCATION TRUST</FONT><BR>
<FONT face=sans-serif size=2>FUNDAMENTAL VALUE TRUST</FONT><BR>
<FONT face=sans-serif size=2>GLOBAL ALLOCATION TRUST</FONT><BR>
<FONT face=sans-serif size=2>GLOBAL BOND TRUST</FONT><BR>
<FONT face=sans-serif size=2>GLOBAL REAL ESTATE TRUST</FONT><BR>
<FONT face=sans-serif size=2>GLOBAL TRUST</FONT><BR>
<FONT face=sans-serif size=2>GROWTH &amp; INCOME TRUST</FONT></TD></TR></TABLE></P>
<TABLE style="WIDTH: 644px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="60%"><FONT face=sans-serif size=2>ICAP Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="37%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="60%"><FONT face=sans-serif size=2>Form 17-02-0949 (Rev. 1 -97)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="37%"><FONT face=sans-serif size=2>Page 1</FONT> </TD></TR></TABLE><BR>
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<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>GROWTH OPPORTUNITIES TRUST</FONT><BR>
<FONT face=sans-serif size=2>GROWTH TRUST</FONT><BR>
<FONT face=sans-serif size=2>HEALTH SCIENCES TRUST</FONT><BR>
<FONT face=sans-serif size=2>HIGH INCOME TRUST</FONT><BR>
<FONT face=sans-serif size=2>HIGH YIELD TRUST</FONT><BR>
<FONT face=sans-serif size=2>INCOME &amp; VALUE TRUST</FONT><BR>
<FONT face=sans-serif size=2>INCOME TRUST</FONT><BR>
<FONT face=sans-serif size=2>INDEX ALLOCATION TRUST</FONT><BR>
<FONT face=sans-serif size=2>INTERNATIONAL CORE TRUST</FONT><BR>
<FONT face=sans-serif size=2>INTERNATIONAL EQUITY INDEX TRUST A</FONT><BR>
<FONT face=sans-serif size=2>INTERNATIONAL EQUITY INDEX TRUST B</FONT><BR>
<FONT face=sans-serif size=2>INTERNATIONAL GROWTH TRUST</FONT><BR>
<FONT face=sans-serif size=2>INTERNATIONAL OPPORTUNITIES TRUST</FONT><BR>
<FONT face=sans-serif size=2>INTERNATIONAL SMALL CAP TRUST</FONT><BR>
<FONT face=sans-serif size=2>INTERNATIONAL SMALL COMPANY TRUST</FONT><BR>
<FONT face=sans-serif size=2>INTERNATIONAL VALUE TRUST</FONT><BR>
<FONT face=sans-serif size=2>INTRINSIC VALUE TRUST</FONT><BR>
<FONT face=sans-serif size=2>INVESTMENT QUALITY BOND TRUST</FONT><BR>
<FONT face=sans-serif size=2>LARGE CAP TRUST</FONT><BR>
<FONT face=sans-serif size=2>LARGE CAP VALUE TRUST</FONT><BR>
<FONT face=sans-serif size=2>LIFESTYLE AGGRESSIVE TRUST</FONT><BR>
<FONT face=sans-serif size=2>LIFESTYLE BALANCED TRUST</FONT><BR>
<FONT face=sans-serif size=2>LIFESTYLE CONSERVATIVE TRUST</FONT><BR>
<FONT face=sans-serif size=2>LIFESTYLE GROWTH TRUST</FONT><BR>
<FONT face=sans-serif size=2>LIFESTYLE MODERATE TRUST</FONT><BR>
<FONT face=sans-serif size=2>MANAGED TRUST</FONT><BR>
<FONT face=sans-serif size=2>MID CAP INDEX TRUST</FONT><BR>
<FONT face=sans-serif size=2>MID CAP INTERSECTION TRUST</FONT><BR>
<FONT face=sans-serif size=2>MID CAP STOCK TRUST</FONT><BR>
<FONT face=sans-serif size=2>MID CAP VALUE EQUITY TRUST</FONT><BR>
<FONT face=sans-serif size=2>MID CAP VALUE TRUST</FONT><BR>
<FONT face=sans-serif size=2>MID VALUE TRUST</FONT><BR>
<FONT face=sans-serif size=2>MONEY MARKET TRUST</FONT><BR>
<FONT face=sans-serif size=2>MONEY MARKET TRUST B</FONT><BR>
<FONT face=sans-serif size=2>MUTUAL SHARES TRUST</FONT><BR>
<FONT face=sans-serif size=2>NATURAL RESOURCES TRUST</FONT><BR>
<FONT face=sans-serif size=2>OVERSEAS EQUITY TRUST</FONT><BR>
<FONT face=sans-serif size=2>PACIFIC RIM TRUST</FONT><BR>
<FONT face=sans-serif size=2>QUANTITATIVE ALL CAP TRUST</FONT><BR>
<FONT face=sans-serif size=2>QUANTITATIVE MID CAP TRUST</FONT><BR>
<FONT face=sans-serif size=2>QUANTITATIVE VALUE TRUST</FONT><BR>
<FONT face=sans-serif size=2>REAL ESTATE EQUITY TRUST</FONT><BR>
<FONT face=sans-serif size=2>REAL ESTATE SECURITIES TRUST</FONT><BR>
<FONT face=sans-serif size=2>REAL RETURN BOND TRUST</FONT><BR>
<FONT face=sans-serif size=2>SCIENCE &amp; TECHNOLOGY TRUST</FONT><BR>
<FONT face=sans-serif size=2>SHORT-TERM BOND TRUST</FONT><BR>
<FONT face=sans-serif size=2>SMALL CAP GROWTH TRUST</FONT><BR>
<FONT face=sans-serif size=2>SMALL CAP INDEX TRUST</FONT><BR>
<FONT face=sans-serif size=2>SMALL CAP INTRINSIC VALUE TRUST</FONT><BR>
<FONT face=sans-serif size=2>SMALL CAP OPPORTUNITIES TRUST</FONT><BR>
<FONT face=sans-serif size=2>SMALL CAP TRUST</FONT><BR>
<FONT face=sans-serif size=2>SMALL CAP VALUE TRUST</FONT><BR>
<FONT face=sans-serif size=2>SMALL COMPANY GROWTH TRUST</FONT><BR>
<FONT face=sans-serif size=2>SMALL COMPANY TRUST</FONT><BR>
<FONT face=sans-serif size=2>SMALL COMPANY VALUE TRUST</FONT><BR>
<FONT face=sans-serif size=2>SPECIAL VALUE TRUST</FONT><BR>
<BR>
<FONT face=sans-serif size=2>ICAP Bond</FONT><BR>
<FONT face=sans-serif size=2>Form 17-02-0949 (Ed. 1 -97)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Page 2</FONT></TD></TR></TABLE></P>
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<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face="MS Sans Serif" size=2>SPECTRUM INCOME TRUST</FONT><BR>
<FONT face="MS Sans Serif" size=2>STRATEGIC BOND TRUST</FONT><BR>
<FONT face="MS Sans Serif" size=2>STRATEGIC INCOME TRUST</FONT><BR>
<FONT face="MS Sans Serif" size=2>TOTAL RETURN TRUST</FONT><BR>
<FONT face="MS Sans Serif" size=2>TOTAL STOCK MARKET INDEX TRUST</FONT><BR>
<FONT face="MS Sans Serif" size=2>U.S. CORE TRUST</FONT><BR>
<FONT face="MS Sans Serif" size=2>U.S. GLOBAL LEADERS GROWTH TRUST</FONT><BR>
<FONT face="MS Sans Serif" size=2>U.S. GOVERNMENT SECURITIES TRUST</FONT><BR>
<FONT face="MS Sans Serif" size=2>U.S. HIGH YIELD BOND TRUST</FONT><BR>
<FONT face="MS Sans Serif" size=2>U.S. LARGE CAP TRUST</FONT><BR>
<FONT face="MS Sans Serif" size=2>U.S. MULTI SECTOR TRUST</FONT><BR>
<FONT face="MS Sans Serif" size=2>UTILITIES TRUST</FONT><BR>
<FONT face="MS Sans Serif" size=2>VALUE &amp; RESTRUCTURING TRUST</FONT><BR>
<FONT face="MS Sans Serif" size=2>VALUE OPPORTUNITIES TRUST</FONT><BR>
<FONT face="MS Sans Serif" size=2>VALUE TRUST</FONT><BR>
<FONT face="MS Sans Serif" size=2>VISTA TRUST</FONT><BR>
<FONT face="MS Sans Serif" size=2>JOHN HANCOCK FUNDS II</FONT><BR>
<FONT face="MS Sans Serif" size=2>ABSOLUTE RETURN PORTFOLIO</FONT><BR>
<FONT face="MS Sans Serif" size=2>ACTIVE BOND FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>ALL CAP CORE FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>ALL CAP GROWTH FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>ALL CAP VALUE FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>BLUE CHIP GROWTH FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>CAPITAL APPRECIATION FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>CLASSIC VALUE FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>CORE BOND FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>CORE EQUITY FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>DYNAMIC GROWTH FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>EMERGING GROWTH FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>EMERGING MARKETS VALUE FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>EMERGING SMALL COMPANY FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>EQUITY-INCOME FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>FINANCIAL SERVICES FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>FUNDAMENTAL VALUE FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>GLOBAL ALLOCATION FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>GLOBAL BOND FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>GLOBAL FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>GLOBAL REAL ESTATE FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>GROWTH &amp; INCOME FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>GROWTH FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>GROWTH OPPORTUNITIES FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>HEALTH SCIENCES FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>HIGH INCOME FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>HIGH YIELD FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>INCOME FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>INDEX 500 FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>INTERNATIONAL EQUITY INDEX FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>INTERNATIONAL GROWTH FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>INTERNATIONAL OPPORTUNITIES FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>INTERNATIONAL SMALL CAP FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>INTERNATIONAL SMALL COMPANY FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>INTERNATIONAL VALUE FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>INTRINSIC VALUE FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>INVESTMENT QUALITY BOND FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>LARGE CAP FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>LARGE CAP VALUE FUND</FONT></TD></TR></TABLE></P>
<TABLE style="WIDTH: 642px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>ICAP Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="38%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>Form 17-02-0949 (Ed. 1 -97)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="38%"><FONT face=sans-serif size=2>Page 3</FONT> </TD></TR></TABLE><BR>
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<A name="page_40"></A>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>LIFECYCLE 2010 PORTFOLIO</FONT><BR>
<FONT face=sans-serif size=2>LIFECYCLE 2015 PORTFOLIO</FONT><BR>
<FONT face=sans-serif size=2>LIFECYCLE 2020 PORTFOLIO</FONT><BR>
<FONT face=sans-serif size=2>LIFECYCLE 2025 PORTFOLIO</FONT><BR>
<FONT face=sans-serif size=2>LIFECYCLE 2030 PORTFOLIO</FONT><BR>
<FONT face=sans-serif size=2>LIFECYCLE 2035 PORTFOLIO</FONT><BR>
<FONT face=sans-serif size=2>LIFECYCLE 2040 PORTFOLIO</FONT><BR>
<FONT face=sans-serif size=2>LIFECYCLE 2045 PORTFOLIO</FONT><BR>
<FONT face=sans-serif size=2>LIFECYCLE 2050 PORTFOLIO</FONT><BR>
<FONT face=sans-serif size=2>LIFECYCLE RETIREMENT PORTFOLIO</FONT><BR>
<FONT face=sans-serif size=2>LIFESTYLE AGGRESSIVE PORTFOLIO</FONT><BR>
<FONT face=sans-serif size=2>LIFESTYLE BALANCED PORTFOLIO</FONT><BR>
<FONT face=sans-serif size=2>LIFESTYLE CONSERVATIVE PORTFOLIO</FONT><BR>
<FONT face=sans-serif size=2>LIFESTYLE GROWTH PORTFOLIO</FONT><BR>
<FONT face=sans-serif size=2>LIFESTYLE MODERATE PORTFOLIO</FONT><BR>
<FONT face=sans-serif size=2>MANAGED FUND</FONT><BR>
<FONT face=sans-serif size=2>MID CAP INDEX FUND</FONT><BR>
<FONT face=sans-serif size=2>MID CAP STOCK FUND</FONT><BR>
<FONT face=sans-serif size=2>MID CAP INTERSECTION FUND</FONT><BR>
<FONT face=sans-serif size=2>MID CAP VALUE EQUITY FUND</FONT><BR>
<FONT face=sans-serif size=2>MID CAP VALUE FUND</FONT><BR>
<FONT face=sans-serif size=2>MONEY MARKET FUND</FONT><BR>
<FONT face=sans-serif size=2>MUTUAL SHARES FUND</FONT><BR>
<FONT face=sans-serif size=2>NATURAL RESOURCES FUND</FONT><BR>
<FONT face=sans-serif size=2>PACIFIC RIM FUND</FONT><BR>
<FONT face=sans-serif size=2>QUANTITATIVE ALL CAP FUND</FONT><BR>
<FONT face=sans-serif size=2>QUANTITATIVE MID CAP FUND</FONT><BR>
<FONT face=sans-serif size=2>QUANTITATIVE VALUE FUND</FONT><BR>
<FONT face=sans-serif size=2>REAL ESTATE EQUITY FUND</FONT><BR>
<FONT face=sans-serif size=2>REAL ESTATE SECURITIES FUND</FONT><BR>
<FONT face=sans-serif size=2>REAL RETURN BOND FUND</FONT><BR>
<FONT face=sans-serif size=2>SCIENCE &amp; TECHNOLOGY FUND</FONT><BR>
<FONT face=sans-serif size=2>SHORT-TERM BOND FUND</FONT><BR>
<FONT face=sans-serif size=2>SMALL CAP FUND</FONT><BR>
<FONT face=sans-serif size=2>SMALL CAP GROWTH FUND</FONT><BR>
<FONT face=sans-serif size=2>SMALL CAP INDEX FUND</FONT><BR>
<FONT face=sans-serif size=2>SMALL CAP OPPORTUNITIES FUND</FONT><BR>
<FONT face=sans-serif size=2>SMALL CAP VALUE FUND</FONT><BR>
<FONT face=sans-serif size=2>SMALL COMPANY FUND</FONT><BR>
<FONT face=sans-serif size=2>SMALL COMPANY GROWTH FUND</FONT><BR>
<FONT face=sans-serif size=2>SMALL COMPANY VALUE FUND</FONT><BR>
<FONT face=sans-serif size=2>SPECIAL VALUE FUND</FONT><BR>
<FONT face=sans-serif size=2>SPECTRUM INCOME FUND</FONT><BR>
<FONT face=sans-serif size=2>STRATEGIC BOND FUND</FONT><BR>
<FONT face=sans-serif size=2>STRATEGIC INCOME FUND</FONT><BR>
<FONT face=sans-serif size=2>TOTAL BOND MARKET FUND</FONT><BR>
<FONT face=sans-serif size=2>TOTAL RETURN FUND</FONT><BR>
<FONT face=sans-serif size=2>TOTAL STOCK MARKET INDEX FUND</FONT><BR>
<FONT face=sans-serif size=2>U.S. GLOBAL LEADERS GROWTH FUND</FONT><BR>
<FONT face=sans-serif size=2>U.S. GOVERNMENT SECURITIES FUND</FONT><BR>
<FONT face=sans-serif size=2>U.S. HIGH YIELD BOND FUND</FONT><BR>
<FONT face=sans-serif size=2>U.S. MULTI SECTOR FUND</FONT><BR>
<FONT face=sans-serif size=2>UTILITIES FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>VALUE &amp; RESTRUCTURING FUND</FONT><BR>
<FONT face="MS Sans Serif" size=2>VALUE FUND</FONT><BR>
<FONT face=sans-serif size=2>VALUE OPPORTUNITIES FUND</FONT><BR>
<BR>
<FONT face=sans-serif size=2>ICAP Bond</FONT><BR>
<FONT face=sans-serif size=2>Form 17-02-0949 (Ed. 1 -97)</FONT></TD></TR></TABLE></P>
<P align=right>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>Page 4</FONT></TD></TR></TABLE></P>
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<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>VISTA FUND</FONT><BR>
<FONT face=sans-serif size=2>JOHN HANCOCK CASH INVESTMENT TRUST</FONT><BR>
<FONT face=sans-serif size=2>JH GOVERNMENT INCOME FUND</FONT><BR>
<FONT face=sans-serif size=2>JH HIGH YIELD BOND FUND</FONT><BR>
<FONT face=sans-serif size=2>JH INVESTMENT GRADE BOND FUND</FONT><BR>
<FONT face=sans-serif size=2>JH MONEY MARKET FUND</FONT><BR>
<FONT face=sans-serif size=2>JH U.S. GOVERNMENT CASH RESERVE FUND</FONT><BR>
<FONT face=sans-serif size=2>JH BALANCED FUND</FONT><BR>
<FONT face=sans-serif size=2>JH LARGE CAP EQUITY FUND</FONT><BR>
<FONT face=sans-serif size=2>JH SOVEREIGN INVESTORS FUND</FONT><BR>
<FONT face=sans-serif size=2>JH SMALL CAP INTRINSIC VALUE FUND</FONT><BR>
<FONT face=sans-serif size=2>JH LARGE CAP INTRINSIC VALUE FUND</FONT><BR>
<FONT face=sans-serif size=2>INVESTORS TRUST</FONT><BR>
<FONT face=sans-serif size=2>JH REAL ESTATE FUND</FONT><BR>
<FONT face=sans-serif size=2>JH SMALL CAP GROWTH FUND</FONT><BR>
<FONT face=sans-serif size=2>JH TECHNOLOGY FUND</FONT><BR>
<FONT face=sans-serif size=2>JH FOCUSED EQUITY FUND</FONT><BR>
<FONT face=sans-serif size=2>JH MULTI CAP GROWTH</FONT><BR>
<FONT face=sans-serif size=2>JH MID CAP EQUITY</FONT><BR>
<FONT face=sans-serif size=2>TAX-ADVANTAGED DIVIDEND INCOME FUND</FONT><BR>
<FONT face=sans-serif size=2>CALIFORNIA TAX-FREE INCOME FUND</FONT><BR>
<FONT face=sans-serif size=2>JH GROWTH TRENDS FUND</FONT><BR>
<FONT face=sans-serif size=2>JH SMALL CAP FUND</FONT><BR>
<FONT face=sans-serif size=2>JH TECHNOLOGY LEADERS FUND</FONT><BR>
<FONT face=sans-serif size=2>JH REAL FINANCIAL INDUSTRIES FUND</FONT><BR>
<FONT face=sans-serif size=2>JH REGIONAL BANK FUND</FONT><BR>
<FONT face=sans-serif size=2>JH SMALL CAP EQUITY FUND</FONT><BR>
<FONT face=sans-serif size=2>JH HIGH INDEPENDENCE DIVERSIFIED CORE EQUITY FUND II</FONT><BR>
<FONT face=sans-serif size=2>JH HEALTH BOND FUND</FONT><BR>
<FONT face=sans-serif size=2>JH MASSACHUSETTS TAX-FREE INCOME FUND</FONT><BR>
<FONT face=sans-serif size=2>JH NEW YORK TAX-FREE INCOME FUND</FONT><BR>
<FONT face=sans-serif size=2>JH CORE EQUITY</FONT><BR>
<FONT face=sans-serif size=2>JH INT'L CLASSIC VALUE</FONT><BR>
<FONT face=sans-serif size=2>JH LARGE CAP SELECT</FONT><BR>
<FONT face=sans-serif size=2>JH U.S. GLOBAL LEADERS</FONT><BR>
<FONT face=sans-serif size=2>JH CLASSIC VALUE</FONT><BR>
<FONT face=sans-serif size=2>JH ALLOCATION CORE</FONT><BR>
<FONT face=sans-serif size=2>JH CLASSIC VALUE II</FONT><BR>
<FONT face=sans-serif size=2>JH ALLOCATION GROWTH</FONT><BR>
<FONT face=sans-serif size=2>INCOME SECURITIES TRUST</FONT><BR>
<FONT face=sans-serif size=2>JH GREATER CHINA OPPORTUNITIES FUND</FONT><BR>
<FONT face=sans-serif size=2>JH INTERNATIONAL FUND</FONT><BR>
<FONT face=sans-serif size=2>JH MID CAP GROWTH FUND</FONT><BR>
<FONT face=sans-serif size=2>JH HIGH YIELD MUNICIPAL BOND FUND</FONT><BR>
<FONT face=sans-serif size=2>JH TAX-FREE BOND FUND</FONT><BR>
<FONT face=sans-serif size=2>JH STRATEGIC INCOME FUND</FONT><BR>
<FONT face=sans-serif size=2>JH HEALTH SCIENCES FUND</FONT><BR>
<FONT face=sans-serif size=2>JH BANK &amp; THRIFT OPPORTUNITY</FONT><BR>
<FONT face=sans-serif size=2>JH PATRIOT SELECT DIVIDEND FUND</FONT><BR>
<FONT face=sans-serif size=2>JH PATRIOT GLOBAL DIVIDEND</FONT><BR>
<FONT face=sans-serif size=2>JH PREFERRED INCOME FUND</FONT><BR>
<FONT face=sans-serif size=2>JH PATRIOT PREFERRED DIVIDEND</FONT><BR>
<FONT face=sans-serif size=2>JH PREFERRED INCOME FUND II</FONT><BR>
<FONT face=sans-serif size=2>JH PATRIOT PREMIUM DIVIDEND FUND I</FONT><BR>
<FONT face=sans-serif size=2>JH PREFERRED INCOME FUND II</FONT><BR>
<FONT face=sans-serif size=2>JH PATRIOT PREMIUM DIVIDEND FUND II</FONT><BR>
<BR>
<FONT face=sans-serif size=2>ICAP Bond</FONT><BR>
<FONT face=sans-serif size=2>Form 17-02-0949 (Ed. 1 -97)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Page 5</FONT></TD></TR></TABLE></P>
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<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>JOHN HANCOCK FUNDS III</FONT><BR>
<FONT face=sans-serif size=2>JH ACTIVE VALUE FUND</FONT><BR>
<FONT face=sans-serif size=2>JH CLASSIC VALUE MEGA CAP FUND</FONT><BR>
<FONT face=sans-serif size=2>JH GLOBAL FUND</FONT><BR>
<FONT face=sans-serif size=2>JH GLOBAL SHAREHOLDER YIELD FUND</FONT><BR>
<FONT face=sans-serif size=2>JH GROWTH FUND</FONT><BR>
<FONT face=sans-serif size=2>JH GROWTH OPPORTUNITIES FUND</FONT><BR>
<FONT face=sans-serif size=2>JH INTERNATIONAL ALLOCATION PORTFOLIO</FONT><BR>
<FONT face=sans-serif size=2>JH INTERNATIONAL CORE FUND</FONT><BR>
<FONT face=sans-serif size=2>JH INTERNATIONAL GROWTH FUND</FONT><BR>
<FONT face=sans-serif size=2>JH INTRINSIC VALUE FUND</FONT><BR>
<FONT face=sans-serif size=2>JH U.S. CORE FUND</FONT><BR>
<FONT face=sans-serif size=2>JH U.S. QUALITY EQUITY FUND</FONT><BR>
<FONT face=sans-serif size=2>JH VALUE OPPORTUNITIES FUND</FONT></TD></TR></TABLE></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>This Endorsement applies to loss discovered after 12:01 a.m. on July 15, 2008. ALL</FONT><BR>
<BR>
<FONT face=sans-serif size=2>OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.</FONT></TD></TR></TABLE></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=2>Date: March 10, 2009</FONT></TD></TR></TABLE></P>
<P align=left><FONT face=sans-serif size=2>By</FONT></P>
<P align=left><FONT face=sans-serif size=1><U><FONT size=2>/s/ Robert Hamburger</FONT></U></FONT></P>
<P align=left><FONT face=sans-serif size=1>Authorized Representative</FONT></P>
<TABLE style="WIDTH: 627px; HEIGHT: 44px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>ICAP Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="38%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="59%"><FONT face=sans-serif size=2>Form 17-02-0949 (Ed. 1 -97)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="38%"><FONT face=sans-serif size=2>Page 6</FONT> </TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="39%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="28%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT face=sans-serif size=2>ENDORSEMENT/RIDER</FONT></B> </TD></TR>
<TR>
     <TD width="39%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="28%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="39%"><FONT face=sans-serif size=2>Effective date of</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="28%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="39%"><FONT face=sans-serif size=2>this endorsement/rider: July 15, 2008</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%" colSpan=3><B><FONT face=sans-serif size=2>FEDERAL INSURANCE COMPANY</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="39%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%"><FONT face=sans-serif size=2>Endorsement/Rider No.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="28%"><FONT face=sans-serif size=2>9</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="39%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%"><FONT face=sans-serif size=2>To be attached to and</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="28%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="39%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%"><FONT face=sans-serif size=2>form a part of Bond No.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="28%"><FONT face=sans-serif size=2>81906724</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="39%"><FONT face=sans-serif size=2>Issued to: JOHN HANCOCK FUNDS</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="27%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="28%">&nbsp; </TD></TR></TABLE><BR>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><FONT face=sans-serif size=2>AUTOMATIC INCREASE IN LIMITS ENDORSEMENT</FONT></TD></TR></TABLE></P>
<P align=left><FONT face=sans-serif size=2>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: If the ASSURED, while this Bond is in force, establish new funds other than by consolidation or merger with, purchase or acquisition of assets or liabilities of, another institution, such funds shall automatically be covered hereunder from the date of establishment.</FONT></P>
<P align=left><FONT face=sans-serif size=2>If the ASSURED, while this Bond is in force, require 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 Bond:</FONT></P>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="35%"><FONT face=sans-serif size=2>Carrier: Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>ICI Mutual Insurance Company</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="35%"><FONT face=sans-serif size=2>Number Limits</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>87142108B</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="35%"><FONT face=sans-serif size=2>of Liability: Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>$20,000,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="35%"><FONT face=sans-serif size=2>Period:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="62%"><FONT face=sans-serif size=2>July 15, 2008 to July 15, 2009</FONT> </TD></TR></TABLE></DIV><BR>
<P align=left><FONT face=sans-serif size=2>The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage.</FONT></P>
<P align=left><FONT face=sans-serif size=2>All other terms, conditions and limitations of this Bond shall remain unchanged.</FONT></P>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="100%">
<P><FONT face=sans-serif size=2><FONT face=sans-serif size=1><U><FONT size=2>/s/ Robert Hamburger</FONT></U></FONT></FONT></P>
<P><FONT face=sans-serif size=2>Authorized Representative</FONT> </P>
</TD></TR></TABLE></DIV><BR>
<TABLE style="WIDTH: 524px; HEIGHT: 24px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="60%"><FONT face=sans-serif size=2>Q07-1972(08/2007)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="37%"><FONT face=sans-serif size=2>Page 1</FONT> </TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="39%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="58%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT face=sans-serif size=2>ENDORSEMENT/RIDER</FONT></B> </TD></TR>
<TR>
     <TD width="39%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="58%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="39%"><FONT face=sans-serif size=2>Effective date of</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="58%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="39%"><FONT face=sans-serif size=2>this endorsement/rider: July 15, 2008</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="58%"><B><FONT face=sans-serif size=2>FEDERAL INSURANCE COMPANY</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="39%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="58%"><FONT face=sans-serif size=2>Endorsement/Rider No. 10</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="39%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="58%"><FONT face=sans-serif size=2>To be attached to and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="39%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="58%"><FONT face=sans-serif size=2>form a part of Bond No. 81906724</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="39%"><FONT face=sans-serif size=2>Issued to: JOHN HANCOCK FUNDS</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="58%">&nbsp; </TD></TR></TABLE><BR>
<P align=center><FONT face=sans-serif size=2>AMEND DEFINITION OF EMPLOYEE ENDORSEMENT</FONT></P>
<P align=left><FONT face=sans-serif size=2>In consideration of the premium charged, it is agreed that Section 1., Definitions, the term </FONT><B><FONT face=sans-serif size=2>Employee </FONT></B><FONT face=sans-serif size=2>is amended to include the following:</FONT></P>
<P align=left><FONT face=sans-serif size=2>Any natural person while in the service of the ASSURED solely while performing sub-advisory services for the ASSURED pursuant to a written contract.</FONT></P>
<P align=left><FONT face=sans-serif size=2>The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage.</FONT></P>
<P align=left><FONT face=sans-serif size=2>All other terms, conditions and limitations of this Bond shall remain unchanged.</FONT></P>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="100%">
<P><FONT face=sans-serif size=2><FONT face=sans-serif size=1><U><FONT size=2>/s/ Robert Hamburger</FONT></U></FONT></FONT></P>
<P><FONT face=sans-serif size=2>Authorized Representative</FONT> </P>
</TD></TR></TABLE></DIV><BR>
<TABLE style="WIDTH: 527px; HEIGHT: 23px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>Q07-1957(08/2007)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="36%"><FONT face=sans-serif size=2>Page 1</FONT> </TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="40%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="30%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%">&nbsp; &nbsp;<B><FONT face=sans-serif size=2>ENDORSEMENT/RIDER</FONT></B> </TD></TR>
<TR>
     <TD width="40%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="30%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="25%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="40%"><FONT face=sans-serif size=2>Effective date of</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="30%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="40%"><FONT face=sans-serif size=2>this endorsement/rider: July 15, 2008</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%" colSpan=3><B><FONT face=sans-serif size=2>FEDERAL INSURANCE COMPANY</FONT></B> </TD></TR>
<TR>
     <TD width="40%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="57%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="40%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="30%"><FONT face=sans-serif size=2>Endorsement/Rider No.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%"><FONT face=sans-serif size=2>11 Bond</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="40%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="30%"><FONT face=sans-serif size=2>To be attached to and</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="40%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="30%"><FONT face=sans-serif size=2>form a part of Bond No.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%"><FONT face=sans-serif size=2>81906724</FONT> </TD></TR>
<TR>
     <TD width="40%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="30%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="25%"></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="40%"><FONT face=sans-serif size=2>Issued to: JOHN HANCOCK FUNDS</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="30%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="25%">&nbsp; </TD></TR></TABLE><BR>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><FONT face="MS Sans Serif" size=2>DELETING VALUATION-OTHER PROPERTY AND AMENDING CHANGE OR MODIFICATION</FONT><BR>
<FONT face="MS Sans Serif" size=2>ENDORSEMENT</FONT></TD></TR></TABLE></P>
<P align=left><FONT face=sans-serif size=2>In consideration of the premium charged, it is agreed that this Bond is amended as follows:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>The paragraph titled Other Property in Section 9, Valuation, is deleted in its entirety.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=sans-serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=sans-serif size=2>The third paragraph in Section 16, Change or Modification, is deleted in its entirety and replaced with the following: 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 </FONT><B><FONT face=sans-serif size=2>Investment Companies </FONT></B><FONT face=sans-serif size=2>and the Securities and Exchange Commission, Washington, D.C., by the COMPANY.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=sans-serif size=2>The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and conditions of coverage.</FONT></P>
<P align=left><FONT face=sans-serif size=2>All other terms, conditions and limitations of this Bond shall remain unchanged.</FONT></P>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="100%">
<P><FONT face=sans-serif size=2><FONT face=sans-serif size=1><U><FONT size=2>/s/ Robert Hamburger</FONT></U></FONT></FONT></P>
<P><FONT face=sans-serif size=2>Authorized Representative</FONT> </P>
</TD></TR></TABLE></DIV><BR>
<TABLE style="WIDTH: 553px; HEIGHT: 23px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>17-02-2437 (12/2006) rev.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="30%"><FONT face=sans-serif size=2>Page 1</FONT> </TD></TR></TABLE><BR>
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<P align="center">
<TABLE><TR><TD align="center" nowrap>
<B><I><FONT size=2 face="sans-serif">Important Notice:</FONT></I></B></TD></TR></TABLE>
</P>
<P align="left">
<B><FONT size=2 face="sans-serif">The SEC Requires Proof of Your Fidelity Insurance Policy</FONT></B></P>
<P align="left">
<FONT size=2 face="sans-serif">Your company is now required to file an electronic copy of your fidelity insurance coverage (Chubb's ICAP Bond policy) to the Securities and Exchange Commission (SEC), according to rules adopted by the SEC on June 12,
2006.</FONT></P>
<P align="left">
<FONT size=2 face="sans-serif">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.</FONT></P>
<P align="left">
<FONT size=2 face="sans-serif">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.</FONT></P>
<P align="left">
<FONT size=2 face="sans-serif">If you have any questions, please contact your agent or broker.</FONT></P>
<P align="left">
<FONT size=2 face="sans-serif">Form 14-02-12160 (ed. 7/2006)</FONT></P>

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<P align="center">
<B><FONT size=4 face="sans-serif">IMPORTANT NOTICE TO POLICYHOLDERS</FONT></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="sans-serif">All of the members of the Chubb Group of Insurance companies doing business in the United States (hereinafter "Chubb") distribute their products through licensed insurance brokers and
agents ("producers"). 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 atwww.chubb.com, or by calling
1-866-588-9478. Additional information may be available from your producer.</FONT></P>
<P align="left">
<TABLE><TR><TD width=36>&nbsp;</TD><TD nowrap>
<FONT size=2 face="sans-serif">Thank you for choosing Chubb.</FONT></TD></TR></TABLE>
</P>
<P align="left">
<FONT size=2 face="sans-serif">10-02-1295 (ed. 5/2007)</FONT></P>

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<P align="center">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT size=5 face="sans-serif">POLICYHOLDER DISCLOSURE NOTICE OF</FONT></B></P>
<P align="center">
<B><FONT size=5 face="sans-serif">TERRORISM INSURANCE COVERAGE</FONT></B></P>
<P align="center">
<B><FONT face="sans-serif">(for policies with no terrorism exclusion or sublimit)</FONT></B></P>
<P align="left">
<FONT face="sans-serif">You are hereby notified that, under the Terrorism Risk Insurance Act (the "Act"), effective December 26, 2007, this policy makes available to you insurance for losses arising out of certain acts of terrorism. Terrorism is
defined as any act certified by the Secretary of the Treasury, in concurrence with the Secretary of State and the Attorney General of the United States, to be an act of terrorism; to be a violent act or an act that is dangerous to human life,
property or infrastructure; to have resulted in damage within the United States, or outside the United States in the case of an air carrier or vessel or the premises of a United States Mission; and to have been committed by an individual or
individuals as part of an effort to coerce the civilian population of the United States or to influence the policy or affect the conduct of the United States Government by coercion.</FONT></P>
<P align="left">
<FONT face="sans-serif">You should know that the insurance provided by your policy for losses caused by acts of terrorism is partially reimbursed by the United States under the formula set forth in the Act. Under this formula, the United States pays
85% of covered terrorism losses that exceed the statutorily established deductible to be paid by the insurance company providing the coverage.</FONT></P>
<P align="left">
<FONT face="sans-serif">However, if aggregate insured losses attributable to terrorist acts certified under the Act exceed &#36;100 billion in a Program Year (January 1 through December 31), the Treasury shall not make any payment for any portion of
the amount of such losses that exceeds &#36;100 billion.</FONT></P>
<P align="left">
<FONT size=2 face="sans-serif">10-02-1281 (Ed. 1/2003)</FONT></P>

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<P align="left">
<FONT face="sans-serif">If aggregate insured losses attributable to terrorist acts certified under the Act exceed &#36;100 billion in a Program Year (January 1 through December 31) and we have met our insurer deductible under the Act, we shall not
be liable for the payment of any portion of the amount of such losses that exceeds &#36;100 billion, and in such case insured losses up to that amount are subject to pro rata allocation in accordance with procedures established by the Secretary of
the Treasury.</FONT></P>
<P align="left">
<FONT face="sans-serif">The portion of your policy's annual premium that is attributable to insurance for such acts of terrorism is: &#36; -0-.</FONT></P>
<P align="left">
<FONT face="sans-serif">If you have any questions about this notice, please contact your agent or broker.</FONT></P>
<P align="left">
<FONT size=2 face="sans-serif">10-02-1281 (Ed. 1/2003)</FONT></P>

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<P align=center>&nbsp;</P>
<P align=center>&nbsp;</P>
<P align=center>&nbsp;</P>
<P align=center>&nbsp;</P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=serif size=5>ICI MUTUAL INSURANCE COMPANY,</FONT></B><BR>
<B><FONT face=serif size=5>a Risk Retention Group</FONT></B><BR>
<BR>
<FONT face=serif>1401 H St. NW</FONT><BR>
<FONT face=serif>Washington DC 20005</FONT><BR>
<BR>
<B><FONT face=serif>INVESTMENT COMPANY BLANKET BOND</FONT></B><BR>
<B><FONT face=serif>(EXCESS)</FONT></B></TD></TR></TABLE></P>
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<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=serif size=5>ICI MUTUAL INSURANCE COMPANY,</FONT></B><BR>
<B><FONT face=serif size=5>a Risk Retention Group</FONT></B></TD></TR></TABLE></P>
<P align=center><FONT face=serif size=2>1401 H St. NW</FONT><BR>
<FONT face=serif size=2>Washington, DC 20005</FONT><BR>
<BR>
<B><FONT face=serif>DECLARATIONS</FONT></B><BR>
<BR>
<FONT face=serif size=2>NOTICE</FONT></P>
<P align=left><FONT face=serif size=2>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.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-TOP: #808080 1pt solid" noWrap align=left width="6%"><B><FONT face=serif size=2>Item 1.</FONT></B> </TD>
     <TD style="BORDER-TOP: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-TOP: #808080 1pt solid" noWrap align=left width="60%" colSpan=3>&nbsp;<FONT face=serif size=2>Name of Insured (the &#147;Insured&#148;)</FONT> </TD>
     <TD style="BORDER-TOP: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-TOP: #808080 1pt solid" noWrap align=right width="27%" colSpan=3><FONT face=serif size=2>Bond Number</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="60%" colSpan=3>&nbsp;<B><FONT face=serif size=2>John Hancock Capital Series</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="27%" colSpan=3><B><FONT face=serif size=2>87142108B</FONT></B> </TD></TR>
<TR>
     <TD width="97%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp;<FONT face=serif size=2>Principal Office:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><FONT face=serif size=2>601 Congress Street</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><FONT face=serif size=2>Boston, MA 02210</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%">&nbsp; </TD></TR>
<TR>
     <TD width="97%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp;<FONT face=serif size=2>Mailing Address:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><FONT face=serif size=2>601 Congress Street</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><FONT face=serif size=2>Boston, MA 02210</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%">&nbsp; </TD></TR>
<TR>
     <TD width="97%" colSpan=9>
<HR noShade SIZE=1>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><B><FONT face=serif size=2>Item 2.</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="89%" colSpan=7><FONT face=serif size=2>Bond Period: from 12:01 a.m. on </FONT><U><FONT face=serif size=2>July </FONT></U><FONT face=serif size=2><U>15, 2008 </U>to 12:01 a.m. on </FONT><U><FONT face=serif size=2>July </FONT></U><FONT face=serif size=2><U>15, 2009</U>,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="89%" colSpan=7><FONT face=serif size=2>or the earlier effective date of the termination of this Bond, standard time at the Principal Office as to</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%"><FONT face=serif size=2>each of said dates.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%">&nbsp; </TD></TR>
<TR>
     <TD width="97%" colSpan=9>
<HR noShade SIZE=1>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><B><FONT face=serif size=2>Item 3.</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%"><FONT face=serif size=2>Limit of Liability--</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="11%"><B><FONT face=serif size=1>LIMIT OF</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="14%"><B><FONT face=serif size=1>DEDUCTIBLE</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="11%"><B><FONT face=serif size=1>LIABILITY</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="14%"><B><FONT face=serif size=1>AMOUNT </FONT></B><B><SUP><FONT face=serif size=1>1</FONT></SUP></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="68%" colSpan=5><FONT face=serif size=2>Insuring Clause 1 &#150; EMPLOYEE</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="11%"><FONT face=serif size=2>$20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="14%"><FONT face=serif size=2>$20,000,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="68%" colSpan=5><FONT face=serif size=2>Insuring Clause 2 &#150; ON PREMISES</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="11%"><FONT face=serif size=2>$20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="14%"><FONT face=serif size=2>$20,000,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="68%" colSpan=5><FONT face=serif size=2>Insuring Clause 3 &#150; IN TRANSIT</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="11%"><FONT face=serif size=2>$20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="14%"><FONT face=serif size=2>$20,000,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="68%" colSpan=5><FONT face=serif size=2>Insuring Clause 4 &#150; FORGERY OR ALTERATION</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="11%"><FONT face=serif size=2>$20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="14%"><FONT face=serif size=2>$20,000,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="68%" colSpan=5><FONT face=serif size=2>Insuring Clause 5 &#150; EXTENDED FORGERY</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="11%"><FONT face=serif size=2>$20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="14%"><FONT face=serif size=2>$20,000,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="68%" colSpan=5><FONT face=serif size=2>Insuring Clause 6 &#150; COUNTERFEIT MONEY</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="11%"><FONT face=serif size=2>$20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="14%"><FONT face=serif size=2>$20,000,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="68%" colSpan=5><FONT face=serif size=2>Insuring Clause 7 &#150; THREATS TO PERSON</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="11%"><FONT face=serif size=2>$20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="14%"><FONT face=serif size=2>$20,000,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="68%" colSpan=5><FONT face=serif size=2>Insuring Clause 8 &#150; COMPUTER SYSTEM</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="11%"><FONT face=serif size=2>$20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="14%"><FONT face=serif size=2>$20,000,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="68%" colSpan=5><FONT face=serif size=2>Insuring Clause 9 &#150; VOICE INITIATED FUNDS TRANSFER INSTRUCTION</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="11%"><FONT face=serif size=2>$20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="14%"><FONT face=serif size=2>$20,000,000</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="68%" colSpan=5><FONT face=serif size=2>Insuring Clause 10 &#150; UNCOLLECTIBLE ITEMS OF DEPOSIT</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="11%"><FONT face=serif size=2>$20,000,000</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="14%"><FONT face=serif size=2>$20,000,000</FONT> </TD></TR>
<TR>
     <TD width="97%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="68%" colSpan=5><FONT face=serif size=1><SUP>1</SUP>&nbsp;&nbsp; </FONT><FONT face=serif size=2>Plus the applicable deductible of the Primary Bond</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%">&nbsp; </TD></TR>
<TR>
     <TD width="97%" colSpan=9>
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     <TD noWrap align=left width="26%" colSpan=3><B><FONT face=serif size=2>Item 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B><FONT face=serif size=2>PRIMARY BOND&#151;</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="89%" colSpan=7><FONT face=serif size=2>Chubb Group of Insurance Companies Financial Institution Investment Company Asset Protection Bond</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%"><FONT face=serif size=2>No. 81906724</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%">&nbsp; </TD></TR>
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     <TD width="97%" colSpan=9>
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     <TD noWrap align=left width="97%" colSpan=9><B><FONT face=serif size=2>Item 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B><FONT face=serif size=2>The liability of ICI Mutual Insurance Company, a Risk Retention Group (the &#147;Underwriter&#148;) is subject to</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="60%" colSpan=3><FONT face=serif size=2>the terms of the following Riders attached hereto:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%">&nbsp; </TD></TR>
<TR>
     <TD width="97%" colSpan=9>&nbsp; </TD></TR>
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     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%"><FONT face=serif size=2>Riders 1</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="60%" colSpan=3><FONT face=serif size=2>and of all Riders applicable to this Bond issued during the Bond Period.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%">&nbsp; </TD></TR>
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     <TD width="97%" colSpan=9>
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</TD></TR>
<TR>
     <TD width="97%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=5><FONT face=serif size=2>By: <BR>
_________</FONT><U><FONT face=serif size=2>/S/ </FONT></U><FONT face=serif size=2><U>Maggie Sullivan</U>_<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U>__</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%" colSpan=5><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Authorized Representative</FONT> </TD></TR></TABLE><BR>
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<P align=center>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=2>NOTICE</FONT></TD></TR></TABLE></P>
<P align=left><FONT face=serif size=2>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.</FONT></P>
<P align=left><FONT face=serif size=2>ICI Mutual Insurance Company, a Risk Retention Group (&#147;Underwriter&#148;), 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 </FONT><B><FONT face=serif size=2>Primary Bond </FONT></B><FONT face=serif size=2>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 </FONT><B><FONT face=serif size=2>Primary Bond, </FONT></B><FONT face=serif size=2>except with respect to:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>a.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Any coverage exceptions specified by riders attached to this bond;</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>b.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The deductible amounts and limits of liability as stated in ITEM 3. of the Declarations and;</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>c.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The General Agreements, Provisions, Conditions and Limitations set forth herein.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=serif size=2>GENERAL AGREEMENTS</FONT></B></TD></TR></TABLE></P>
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<TR>
     <TD vAlign=top noWrap><B><FONT face=serif size=2>A.</FONT></B>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><B><FONT face=serif size=2>CHANGE OR MODIFICATION OF PRIMARY BOND</FONT></B> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>If after the inception date of this bond the </FONT><B><FONT face=serif size=2>Primary Bond </FONT></B><FONT face=serif size=2>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.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><B><FONT face=serif size=2>B.</FONT></B>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><B><FONT face=serif size=2>LOSS--NOTICE--PROOF--LEGAL PROCEEDINGS</FONT></B> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>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'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.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>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.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>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 any judgment against the Insured in or settlement of any suit or to recover court costs or attorneys' fees paid in any such suit, twenty-four (24) months after the date of the final judgment in or settlement of</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
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<P><FONT face=serif size=2>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.</FONT></P>
<P><FONT face=serif size=2>Notice hereunder shall be given to Manager, Professional Liability Claims, ICI Mutual Insurance Company, 1401 H St. NW, Washington, DC 20005.</FONT></P>
<P align=center><B><FONT face=serif size=2>PROVISIONS, CONDITIONS AND LIMITATIONS</FONT></B></P>
<P><B><FONT face=serif size=2>SECTION 1. DEFINITIONS</FONT></B></P>
<P><B><FONT face=serif size=2>a. Deductible Amount </FONT></B><FONT face=serif size=2>means the amount stated in ITEM 3. of the Declarations, applicable to each Single Loss. In no event shall this </FONT><B><FONT face=serif size=2>Deductible Amount </FONT></B><FONT face=serif size=2>be reduced for any reason, including but not limited to, the non-existence, invalidity, insufficiency or uncollectibility of any </FONT><B><FONT face=serif size=2>Underlying Bond(s)</FONT></B><FONT face=serif size=2>, including the insolvency or dissolution of any Insurer providing coverage under any </FONT><B><FONT face=serif size=2>Underlying Bond(s)</FONT></B><FONT face=serif size=2>.</FONT></P>
<P><B><FONT face=serif size=2>b. Primary Bond </FONT></B><FONT face=serif size=2>means the bond scheduled in ITEM 5. of the Declarations or any bond that may replace or substitute for such bond.</FONT></P>
<P><B><FONT face=serif size=2>c. Single Loss </FONT></B><FONT face=serif size=2>means:</FONT></P>
<P><FONT face=serif size=2>(1) all loss resulting from any one actual or attempted theft committed by one person, or</FONT></P>
<P><FONT face=serif size=2>(2) all loss caused by any one act (other than a theft or a dishonest or fraudulent act) committed by one person, or (3) all loss caused by dishonest or fraudulent acts committed by one person, or (4) all expenses incurred with respect to any one audit or examination, or (5) all loss caused by any one occurrence or event other than those specified in subsections (1) through (4) above.</FONT></P>
<P><B><FONT face=serif size=2>d. Underlying Bond </FONT></B><FONT face=serif size=2>means the </FONT><B><FONT face=serif size=2>Primary Bond </FONT></B><FONT face=serif size=2>and all other insurance coverage referred to in ITEM 4. Of the Declarations.</FONT></P>
<P><B><FONT face=serif size=2>SECTION 2. SINGLE LOSS LIMIT OF LIABILITY</FONT></B></P>
<P><FONT face=serif size=2>The Underwriter&#146;s liability for each </FONT><B><FONT face=serif size=2>Single Loss </FONT></B><FONT face=serif size=2>shall not exceed the Limit of Liability as stated in ITEM 3. of the Declarations.</FONT></P>
<P><B><FONT face=serif size=2>SECTION 3. DISCOVERY</FONT></B></P>
<P><FONT face=serif size=2>For all purposes under this bond, a loss is discovered, and discovery of a loss occurs, when the Insured (1) becomes aware of facts, or (2) 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.</FONT></P>
<P><B><FONT face=serif size=2>SECTION 4. ASSIGNMENT OF RIGHTS</FONT></B></P>
<P><FONT face=serif size=2>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's rights and claims in connection with such loss; provided,</FONT></P>
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<P align=left><FONT face=serif size=2>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.</FONT></P>
<P align=left><FONT face=serif size=2>Assignment of any rights or claims under this bond shall not bind the Underwriter without the Underwriter's written consent.</FONT></P>
<P align=left><B><FONT face=serif size=2>SECTION 5. COOPERATION OF INSURED</FONT></B></P>
<P align=left><FONT face=serif size=2>At the Underwriter&#146;s request and at reasonable times and places designated by the Underwriter the Insured shall:</FONT></P>
<P align=left><FONT face=serif size=2>a. submit to examination by the Underwriter and subscribe to the same under oath, and b. produce for the Underwriter&#146;s examination all pertinent records, and c. cooperate with the Underwriter in all matters pertaining to the loss.</FONT></P>
<P align=left><FONT face=serif size=2>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.</FONT></P>
<P align=left><B><FONT face=serif size=2>SECTION 6. TERMINATION</FONT></B></P>
<P align=left><FONT face=serif size=2>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.</FONT></P>
<P align=left><FONT face=serif size=2>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.</FONT></P>
<P align=left><FONT face=serif size=2>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'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.</FONT></P>
<P align=left><FONT face=serif size=2>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'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.</FONT></P>
<P align=left><FONT face=serif size=2>Upon the detection by any Insured that an employee (as defined in the </FONT><B><FONT face=serif size=2>Primary Bond</FONT></B><FONT face=serif size=2>) 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</FONT></P>
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<P align=left><FONT face=serif size=2>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.</FONT></P>
<P align=left><FONT face=serif size=2>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.</FONT></P>
<P align=left><FONT face=serif size=2>This bond shall terminate as to any employee (as defined in the </FONT><B><FONT face=serif size=2>Primary Bond</FONT></B><FONT face=serif size=2>) 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.</FONT></P>
<P align=left><B><FONT face=serif size=2>SECTION 7. CONFORMITY</FONT></B></P>
<P align=left><FONT face=serif size=2>If any limitation within this bond is prohibited by any law controlling this bond&#146;s construction, such limitation shall be deemed to be amended so as to equal the minimum period of limitation provided by such law.</FONT></P>
<P align=left><B><FONT face=serif size=2>SECTION 8. CHANGE OR MODIFICATION</FONT></B></P>
<P align=left><FONT face=serif size=2>This bond may only be modified by written Rider forming a part hereof over the signature of the Underwriter'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.</FONT></P>
<P align=left><B><FONT face=serif size=2>SECTION 9. DEDUCTIBLE AMOUNT; LIMIT OF LIABILITY</FONT></B></P>
<P align=left><FONT face=serif size=2>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 </FONT><B><FONT face=serif size=2>Primary Bond </FONT></B><FONT face=serif size=2>or from any other bond, suretyship or insurance policy), shall exceed the applicable </FONT><B><FONT face=serif size=2>Deductible Amount</FONT></B><FONT face=serif size=2>; 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.</FONT></P>
<P align=left><FONT face=serif size=2>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 </FONT><B><FONT face=serif size=2>Deductible Amount </FONT></B><FONT face=serif size=2>and the other agreements, provisions, conditions and limitations of this bond.</FONT></P>
<P align=left><FONT size=2></FONT>&nbsp;</P>
<P align=left><FONT size=2></FONT>&nbsp;</P>
<P align=left><FONT size=2></FONT>&nbsp;</P>
<P align=left>&nbsp;</P>
<P align=center><FONT face=serif size=2>5</FONT></P>
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<A name="page_56"></A>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=serif size=5>ICI MUTUAL INSURANCE COMPANY,</FONT></B><BR>
<B><FONT face=serif size=5>a Risk Retention Group</FONT></B><BR>
<BR>
<B><FONT face=serif>INVESTMENT COMPANY BLANKET BOND</FONT></B><BR>
<B><FONT face=serif>(EXCESS BOND)</FONT></B><BR>
<BR>
<B><FONT face=serif>RIDER NO. 1</FONT></B></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><B><FONT face=serif size=1>INSURED</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="41%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="33%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT face=serif size=1>BOND NUMBER</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%" colSpan=3><B><FONT face=serif>John Hancock Capital Series</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="33%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B><FONT face=serif>87142108B</FONT></B> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>
<HR noShade SIZE=1>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><B><FONT face=serif size=1>EFFECTIVE DATE</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="41%"><B><FONT face=serif size=1>BOND PERIOD</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="33%"><B><FONT face=serif size=1>AUTHORIZED REPRESENTATIVE</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="21%"><B><FONT face=serif size=2>July 15, 2008</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="41%"><B><FONT face=serif size=2>July 15, 2008 to July 15, 2009</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="33%"><B><FONT face=serif size=2>/S/ Maggie Sullivan</FONT></B> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>
<HR noShade SIZE=1>
</TD></TR></TABLE><BR>
<P align=left><FONT face=serif>Most property and casualty insurers, including ICI Mutual Insurance Company, a Risk Retention Group (&#147;ICI Mutual&#148;), are subject to the requirements of the Terrorism Risk Insurance Act of 2002, as amended (the &#147;Act&#148;). The Act establishes a Federal insurance backstop under which ICI Mutual and these other insurers will be partially reimbursed for future </FONT><B><FONT face=serif>&#147;insured losses&#148; </FONT></B><FONT face=serif>resulting from certified </FONT><B><FONT face=serif>&#147;acts of terrorism.&#148; </FONT></B><FONT face=serif>(Each of these </FONT><B><FONT face=serif>bolded terms </FONT></B><FONT face=serif>is defined by the Act.) The Act also places certain disclosure and other obligations on ICI Mutual and these other insurers.</FONT></P>
<P align=left><FONT face=serif>Pursuant to the Act, any future losses to ICI Mutual caused by certified </FONT><B><FONT face=serif>&#147;acts of terrorism&#148; </FONT></B><FONT face=serif>will be partially reimbursed by the United States government under a formula established by the Act. Under this formula, the United States government will reimburse ICI Mutual for 90% of ICI Mutual&#146;s </FONT><B><FONT face=serif>&#147;insured losses&#148; </FONT></B><FONT face=serif>in excess of a statutorily established deductible until total insured losses of all participating insurers reach $100 billion. If total &#147;insured losses&#148; of all property and casualty insurers reach $100 billion during any applicable period, the Act 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.</FONT></P>
<P align=left><FONT face=serif>Coverage under this bond remains subject to all applicable terms, conditions and limitations of the bond (including exclusions) that are permissible under the Act. The portion of the premium that is attributable to any coverage potentially available under the bond for </FONT><B><FONT face=serif>&#147;acts of terrorism&#148; </FONT></B><FONT face=serif>is one percent (1%).</FONT></P>
<P align=left>&nbsp;</P>
<P align=left>&nbsp;</P>
<P align=left>&nbsp;</P>
<P align=right><FONT face=serif>RX53.0 -01 (7/06)</FONT></P>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><B><FONT face=sans-serif>PREMIUM BILL</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="26%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD></TR>
<TR>
     <TD width="98%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><FONT face=sans-serif size=2>Bond Period</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>March 31, 2008</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="8%"><FONT face=sans-serif size=2>To</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="26%"><FONT face=sans-serif size=2>March 31, 2009</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><FONT face=sans-serif size=2>Bond Number</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>8152 00 12 K</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="26%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><FONT face=sans-serif size=2>Insured</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="37%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Manulife Financial Corporation</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="26%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><FONT face=sans-serif size=2>Date Issued</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>April 18, 2008</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="26%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><FONT face=sans-serif size=2>Producer</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Marsh Canada Limited</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="26%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD></TR>
<TR>
     <TD width="19%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="27%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="8%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="26%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="10%"></TD></TR>
<TR>
     <TD style="BORDER-TOP: #000000 1pt solid" width="98%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="86%" colSpan=7><B><FONT face=sans-serif size=2>THIS BILLING IS TO BE ATTACHED TO AND FORM PART OF THE POLICY</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="48%" colSpan=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Please Send Payment To Agent or Broker</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="26%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="27%"><B><FONT face=sans-serif size=2>COVERAGE</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="26%"><B><FONT face=sans-serif size=2>PREMIUM</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="10%"><B><FONT face=sans-serif size=2>COMM</FONT></B> </TD></TR>
<TR>
     <TD width="98%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><FONT face=sans-serif size=2>Bond Form 25</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="26%"><FONT face=sans-serif size=2>$361,250. US.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="10%"><FONT face=sans-serif size=2>Nil</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="19%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="27%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="26%"><FONT face=sans-serif size=2>$369,613. CDN</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="10%">&nbsp; </TD></TR></TABLE><BR>
<P align=left><B><FONT face=sans-serif size=2></FONT></B>&nbsp;</P>
<P align=left><B><FONT face=sans-serif size=2></FONT></B>&nbsp;</P>
<P align=left><B><FONT face=sans-serif size=2>When sending payment please indicate policy or certificate number.</FONT></B></P>
<P align=left><B><FONT face=sans-serif size=2>Note: Please return this bill with payment and include any additional changes.</FONT></B></P>
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<TABLE style="WIDTH: 781px; HEIGHT: 359px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" align=center width="98%" colSpan=7><B><FONT face=serif size=2>FINANCIAL INSTITUTION BOND</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" align=center width="98%" colSpan=7><FONT face=serif size=2>Standard Form No. 25, Revised to October, 1987</FONT> </TD></TR>
<TR>
     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1pt solid" noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face=serif size=2>Bond No.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-RIGHT: #000000 1pt solid" noWrap align=left width="12%"><FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR>
<TR>
     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" align=center width="98%" colSpan=7><B><FONT face=serif size=2>CHUBB INSURANCE COMPANY OF CANADA</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" align=center width="98%" colSpan=7><FONT face=serif size=2>(Herein called Underwriter)</FONT> </TD></TR>
<TR>
     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1pt solid" noWrap align=left width="72%" colSpan=3><B><FONT face=serif size=2>DECLARATIONS</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-RIGHT: #000000 1pt solid" noWrap align=left width="12%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1pt solid" noWrap align=left width="9%"><B><FONT face=serif size=2>Item 1.</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><B><FONT face=serif size=2>Name of Insured </FONT></B><FONT face=serif size=2>(herein called Insured):</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-RIGHT: #000000 1pt solid" noWrap align=left width="12%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1pt solid" noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-RIGHT: #000000 1pt solid" noWrap align=left width="12%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1pt solid" noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=serif size=2>(As Per Rider Attached)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-RIGHT: #000000 1pt solid" noWrap align=left width="12%">&nbsp; </TD></TR>
<TR>
     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1pt solid" noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><B><FONT face=serif size=2>Principal Address:</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-RIGHT: #000000 1pt solid" noWrap align=left width="12%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1pt solid" noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=serif size=2>200 Bloor Street East,</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-RIGHT: #000000 1pt solid" noWrap align=left width="12%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1pt solid" noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="61%"><FONT face=serif size=2>Toronto, Ontario</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD style="BORDER-RIGHT: #000000 1pt solid" noWrap align=left width="12%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="9%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="61%"><FONT face=serif size=2>M4W 1E5</FONT> </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="10%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="12%">&nbsp; </TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><B><FONT face=serif size=2>Item 2.</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3><FONT face=serif size=2>Bond Period: from 12:01 a.m. on </FONT><B><FONT face=serif size=2>March 31, 2008 </FONT></B><FONT face=serif size=2>to 12:01 a.m. on</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="35%" colSpan=6><B><FONT face=serif size=2>March 31, 2009 </FONT></B><FONT face=serif size=2>standard time.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="55%" colSpan=3><FONT face=serif size=2>(</FONT><FONT face=serif size=1>MONTH</FONT><FONT face=serif size=2>, </FONT><FONT face=serif size=1>DAY</FONT><FONT face=serif size=2>, </FONT><FONT face=serif size=1>YEAR</FONT><FONT face=serif size=2>)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="20%" colSpan=3><FONT face=serif size=2>(</FONT><FONT face=serif size=1>MONTH</FONT><FONT face=serif size=2>. </FONT><FONT face=serif size=1>DAY</FONT><FONT face=serif size=2>, </FONT><FONT face=serif size=1>YEAR</FONT><FONT face=serif size=2>)</FONT> </TD>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD></TR>
<TR>
     <TD width="6%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="55%" colSpan=3></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="20%" colSpan=3></TD>
     <TD width="2%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="11%"></TD></TR>
<TR>
     <TD style="BORDER-TOP: #000000 1pt solid" width="100%" colSpan=12>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><B><FONT face=serif size=2>Item 3.</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="77%" colSpan=7><FONT face=serif size=2>The Aggregate Liability of the Underwriter during the Bond Period shall be </FONT><B><FONT face=serif size=2>$50,000,000. US</FONT></B> </TD>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD></TR>
<TR>
     <TD width="6%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="77%" colSpan=7></TD>
     <TD width="2%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="11%"></TD></TR>
<TR>
     <TD style="BORDER-TOP: #000000 1pt solid" width="100%" colSpan=12>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><B><FONT face=serif size=2>Item 4.</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="29%"><FONT face=serif size=2>Subject to Sections 4 and 11 hereof,</FONT> </TD>
     <TD width="3%">&nbsp; </TD>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="29%"><FONT face=serif size=2>the Single Loss Limit of Liability is</FONT> </TD>
     <TD width="3%">&nbsp; </TD>
     <TD noWrap align=right width="23%"><B><FONT face=serif size=2>$25,000,000. US</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3><FONT face=serif size=2>and the Single Loss Deductible is</FONT><B><FONT face=serif size=2>$10,000,000. US</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD></TR>
<TR>
     <TD width="100%" colSpan=12>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=10><FONT face=serif size=2>Provided, however, that if any amounts are inserted below opposite specified Insuring Agreements or Coverage,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=10><FONT face=serif size=2>those amounts shall be controlling. Any amount set forth below shall be part of and not in addition to amounts set</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="77%" colSpan=7><FONT face=serif size=2>forth above. (If an Insuring Agreement or Coverage is to be deleted, insert &#147;Not Covered.&#148;)</FONT> </TD>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD></TR>
<TR>
     <TD width="100%" colSpan=12>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="29%">&nbsp;<FONT face=serif size=2>Amount applicable to:</FONT> </TD>
     <TD width="3%">&nbsp; </TD>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="13%"><FONT face=serif size=2>Single Loss</FONT> </TD>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="11%"><FONT face=serif size=2>Single Loss</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="29%">&nbsp; </TD>
     <TD width="3%">&nbsp; </TD>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="20%" colSpan=3><U><FONT face=serif size=2>Limit </FONT></U><FONT face=serif size=2><U>of Liability</U></FONT> </TD>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="11%"><U><FONT face=serif size=2>Deductible</FONT></U> </TD></TR>
<TR>
     <TD width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="29%">&nbsp; </TD>
     <TD width="3%">&nbsp; </TD>
     <TD width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="20%" colSpan=3></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="11%"></TD></TR>
<TR>
     <TD width="100%" colSpan=12>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>Insuring Agreement (D) - Forgery or Alteration</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="20%" colSpan=3><FONT face=serif size=2>$ 25,000,000. US</FONT> </TD>
     <TD noWrap align=right width="15%" colSpan=3><FONT face=serif size=2>$10,000,000. US</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>Insuring Agreement (E) &#150; Securities</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="20%" colSpan=3><FONT face=serif size=2>$ 25,000,000. US</FONT> </TD>
     <TD noWrap align=right width="15%" colSpan=3><FONT face=serif size=2>$10,000,000. US</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>Optional Insuring Agreements and Coverages:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="13%">&nbsp; </TD>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>Insuring Agreement (F) - Counterfeit Currency</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="20%" colSpan=3><FONT face=serif size=2>$ 25,000,000. US</FONT> </TD>
     <TD noWrap align=right width="15%" colSpan=3><FONT face=serif size=2>$10,000,000. US</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>Insuring Agreement (G) - Redemption of Canada Savings Bonds</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="20%" colSpan=3><FONT face=serif size=2>$ 25,000,000. US</FONT> </TD>
     <TD noWrap align=right width="15%" colSpan=3><FONT face=serif size=2>$10,000,000. US</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>Insuring Agreement (H) - Fraudulent Mortgages</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="20%" colSpan=3><FONT face=serif size=2>$ 25,000,000. US</FONT> </TD>
     <TD noWrap align=right width="15%" colSpan=3><FONT face=serif size=2>$10,000,000. US</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>Insuring Agreement (I) - Unauthorized Signatures</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=right width="13%"><FONT face=serif size=2><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>100,000. US</FONT> </TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="11%"><FONT face=serif size=2><FONT face=serif size=2><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT>10,000. US</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="55%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>Insuring Agreement (J) - Telephone Toll Call Fraud</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="13%"><FONT face=serif size=2><FONT face=serif size=2><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT>100,000. US</FONT> </TD>
     <TD noWrap align=left width="2%">&nbsp;</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="11%"><FONT face=serif size=2><FONT face=serif size=2><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT>10,000. US</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="29%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>Trading Loss Coverage</FONT> </TD>
     <TD width="3%">&nbsp; </TD>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="20%" colSpan=3><FONT face=serif size=2>$ 25,000,000. US</FONT> </TD>
     <TD noWrap align=right width="15%" colSpan=3><FONT face=serif size=2>$10,000,000. US</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="29%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>Agent Insuring Agreement</FONT> </TD>
     <TD width="3%">&nbsp; </TD>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="20%" colSpan=3><FONT face=serif size=2>$ 10,000,000. US</FONT> </TD>
     <TD noWrap align=right width="15%" colSpan=3><FONT face=serif size=2>$10,000,000. US</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="29%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>Fidelity Claims Expense</FONT> </TD>
     <TD width="3%">&nbsp; </TD>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="13%"><FONT face=serif size=2><FONT face=serif size=2><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT>100,000. US</FONT> </TD>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="11%"><FONT face=serif size=2>NIL</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="29%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>Stop Payment Order Liability</FONT> </TD>
     <TD width="3%">&nbsp; </TD>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="13%"><FONT face=serif size=2><FONT face=serif size=2><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT>100,000. US</FONT> </TD>
     <TD noWrap align=left width="2%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="11%"><FONT face=serif size=2><FONT face=serif size=2><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT>10,000. US</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="29%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>Audit Expense</FONT> </TD>
     <TD width="3%">&nbsp; </TD>
     <TD noWrap align=left width="23%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="13%"><FONT face=serif size=2><FONT face=serif size=2><FONT face=serif size=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT>100,000. US</FONT> </TD>
     <TD noWrap align=left width="2%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="11%"><FONT face=serif size=2>NIL</FONT> </TD></TR></TABLE><BR>
<P align=right><FONT face=serif size=2>Bond 25</FONT></P>
<P align=right><FONT face=serif size=2>Page 1 of 2</FONT></P>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_59"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>If &#147;Not Covered&#148; is inserted above opposite any specified Insuring Agreement or Coverage, such Insuring</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>Agreement or Coverage and any other reference thereto in this bond shall be deemed to be deleted therefrom.</FONT> </TD></TR>
<TR>
     <TD width="7%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="90%" colSpan=3></TD></TR>
<TR>
     <TD style="BORDER-TOP: #000000 1pt solid" width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%"><B><FONT face=serif size=2>Item 5.</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>The liability of the Underwriter is subject to the terms of the following riders attached hereto:</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><B><FONT face=serif size=2>Rider No&#146;s. 1 - 33</FONT></B> </TD></TR>
<TR>
     <TD width="7%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="90%" colSpan=3></TD></TR>
<TR>
     <TD style="BORDER-TOP: #000000 1pt solid" width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%"><B><FONT face=serif size=2>Item 6.</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>Insured&#146;s Offices Covered - All offices in the United States of America and Canada and any other offices listed</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face=serif size=2>below:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="78%"><B><FONT face=serif size=2>All offices anywhere in the world</FONT></B> </TD></TR>
<TR>
     <TD width="7%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="10%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="78%"></TD></TR>
<TR>
     <TD style="BORDER-TOP: #000000 1pt solid" width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%"><B><FONT face=serif size=2>Item 7.</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>The Insured by the acceptance of this bond gives notice to the Underwriter terminating or canceling prior bond(s)</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>or policy(ies) No.(s). </FONT><B><FONT face=serif size=2>81520012 J</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>such termination or cancellation to be effective as of the time this bond becomes effective.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif size=2>==================================================================================================</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>IN WITNESS WHEREOF, CHUBB INSURANCE COMPANY OF CANADA has caused this policy to be signed by its authorized officer, but this policy shall not be valid unless signed by a duly authorized Representative of the Company.</FONT></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center>
<P><B><FONT face=serif size=2><U>/s/ Ellen J. Moore</U></FONT></B></P>
<P><STRONG><FONT size=2>President</FONT></STRONG></P>
<P><B><FONT face=serif size=2>CHAIRMAN</FONT></B><BR>
<BR>
<FONT face=serif size=2><U>Toronto, Ontario&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Issued at&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Date</FONT></P>
</TD></TR></TABLE></P>
<P align=right>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=2>Bond 25</FONT><BR>
<FONT face=serif size=2>Page 2 of 2</FONT></TD></TR></TABLE></P>
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<A name="page_60"></A>
<P align=left><FONT face=serif size=2>The Underwriter, in consideration of an agreed premium, and in reliance upon all statements made and information furnished to the Underwriter by the Insured in applying for this bond, and subject to the Declarations, Insuring Agreements, General Agreements, Conditions and Limitations and other terms hereof, agrees to indemnify the Insured for:</FONT></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=serif size=2>INSURING AGREEMENTS</FONT></B><BR>
<BR>
<FONT face=serif size=2>FIDELITY</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%"><FONT face=serif size=2>(A)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="94%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>Loss resulting directly from dishonest or fraudulent acts committed by an Employee acting alone or in</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="94%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>collusion with others.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="94%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>Such dishonest or fraudulent acts must be committed by the Employee with the manifest intent:</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>(a)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="84%" colSpan=3><FONT face=serif size=2>to cause the Insured to sustain such loss; and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>(b)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="84%" colSpan=3><FONT face=serif size=2>to obtain financial benefit for the Employee or another person or entity.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="94%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>As used in this Insuring Agreement, financial benefit does not include any employee benefits earned in</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="94%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>the normal course of employment, including: salaries, commissions, fees, bonuses, promotions, awards,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="94%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>profit sharing or pensions.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="99%" colSpan=7><FONT face=serif size=2>ON PREMISES</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=7><FONT face=serif size=2>(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Loss of Property resulting directly from</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>(a)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="84%" colSpan=3><FONT face=serif size=2>robbery, burglary, misplacement, mysterious unexplainable disappearance and damage thereto or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="84%" colSpan=3><FONT face=serif size=2>destruction thereof, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>(b)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="84%" colSpan=3><FONT face=serif size=2>common-law or statutory larceny, committed by a person present in an office of the Insured;</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="84%" colSpan=3><FONT face=serif size=2>covered under this bond,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="94%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>while the Property is lodged or deposited within</FONT> </TD></TR>
<TR>
     <TD noWrap align=left width="3%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="8%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="84%" colSpan=3><FONT face=serif size=2>(i) <FONT face=serif size=2>any of the Insured&#146;s offices covered under this bond, or</FONT> </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="84%" colSpan=3><FONT face=serif size=2>(ii) offices of any financial institutions, attorneys of the Insured or clearing houses or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="84%" colSpan=3><FONT face=serif size=2>(iii) any premises where the Insured leases safe deposit boxes</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="94%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>or, while lodged or deposited with any authority of a political subdivision in the United States or Canada.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="94%" colSpan=5><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Loss of or damage to</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>(a)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="84%" colSpan=3><FONT face=serif size=2>furnishings, fixtures, supplies or equipment within an office of the Insured covered under this</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="84%" colSpan=3><FONT face=serif size=2>bond resulting directly from larceny or theft in, or by burglary or robbery of, such office, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="84%" colSpan=3><FONT face=serif size=2>attempt thereat, or by vandalism or malicious mischief, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>(b)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="84%" colSpan=3><FONT face=serif size=2>such office resulting from larceny or theft in, or by burglary or robbery of such office or attempt</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="84%" colSpan=3><FONT face=serif size=2>thereat, or to the interior of such office by vandalism or malicious mischief,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="84%" colSpan=3><FONT face=serif size=2>provided that</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=2>(i)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="77%"><FONT face=serif size=2>the Insured is the owner of such furnishings, fixtures, supplies, equipment, or office or is</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="77%"><FONT face=serif size=2>liable for such loss or damage, and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="3%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=2>(ii)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="77%"><FONT face=serif size=2>the loss is not caused by fire.</FONT> </TD></TR></TABLE><BR>
<P align=right><FONT face=serif size=2>Bond 25</FONT></P>
<P align=right><FONT face=serif size=2>Page 1 of 14</FONT></P>
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<A name="page_61"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD align=center width="98%" colSpan=7><FONT face=serif size=2>IN TRANSIT</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%"><FONT face=serif size=2>(C)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=5><FONT face=serif size=2>Loss of Property resulting directly from robbery, common-law or statutory larceny, misplacement,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=5><FONT face=serif size=2>mysterious unexplainable disappearance, being lost or made away with, and damage thereto or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=5><FONT face=serif size=2>destruction thereof, while the Property is in transit anywhere in the custody of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=serif size=2>(a)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=3><FONT face=serif size=2>a natural person acting as a messenger of the Insured (or another natural person acting as</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=3><FONT face=serif size=2>messenger or custodian during an emergency arising from the incapacity of the original</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=3><FONT face=serif size=2>messenger), or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=serif size=2>(b)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=3><FONT face=serif size=2>a Transportation Company and being transported in an armored motor vehicle, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=serif size=2>(c)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=3><FONT face=serif size=2>a Transportation Company and being transported in a conveyance other than an armored motor</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=3><FONT face=serif size=2>vehicle provided that covered Property transported in such manner is limited to the following:</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=2>(i)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>records, whether recorded in writing or electronically, and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=2>(ii)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Certificated Securities issued in registered form and not endorsed, or with restrictive</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>riders, and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=2>(iii)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Negotiable Instruments not payable to bearer, or not endorsed, or with restrictive riders.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=5><FONT face=serif size=2>Coverage under this Insuring Agreement begins immediately upon the receipt of such Property by the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=5><FONT face=serif size=2>natural person or Transportation Company and ends immediately upon delivery to the designated</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=5><FONT face=serif size=2>recipient or its agent.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="98%" colSpan=7><FONT face=serif size=2>FORGERY OR ALTERATION</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%"><FONT face=serif size=2>(D)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=5><FONT face=serif size=2>Loss resulting directly from Forgery or alteration of, on, or in any</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=3><FONT face=serif size=2>request made for change of beneficiary in any policy issued by the Insured.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=serif size=2>(2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=3><FONT face=serif size=2>policy loan agreement made with the Insured.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=serif size=2>(3)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=3><FONT face=serif size=2>assignment to the Insured of any of its policies.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=serif size=2>(4)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=3><FONT face=serif size=2>Negotiable Instruments other than registered or bearer obligations, made or drawn by or drawn</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=3><FONT face=serif size=2>upon the Insured, or made or drawn by one acting as agent of the Insured, or purporting to have</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=3><FONT face=serif size=2>been made as herein before set forth.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=5><FONT face=serif size=2>A mechanically reproduced facsimile signature is treated the same as a handwritten signature.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="98%" colSpan=7><FONT face=serif size=2>SECURITIES</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%"><FONT face=serif size=2>(E)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=5><FONT face=serif size=2>Loss resulting directly from the Insured having, in good faith, for its own account or for the account of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=serif size=2>others,</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=3><FONT face=serif size=2>acquired, sold or delivered, or given value, extended credit or assumed liability, on the faith of,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=3><FONT face=serif size=2>any original</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=2>(a)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Certificated Security,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=2>(d)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>deed, mortgage or other instrument conveying title to, or creating or discharging a lien</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>upon, real property,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=2>(c)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Evidence of Debt,</FONT> </TD></TR></TABLE><BR>
<P align=right><FONT face=serif size=2>Bond 25</FONT></P>
<P align=right><FONT face=serif size=2>Page 2 of 14</FONT></P>
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<A name="page_62"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=2>(d)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp;<FONT face=serif size=2>corporate, partnership or personal Guarantee,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=2>(e)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp;<FONT face=serif size=2>Security Agreement,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=2>(f)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp;<FONT face=serif size=2>Letter of Credit,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=2>(g)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp;<FONT face=serif size=2>Instruction to a Federal Reserve Bank of the United States, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=2>(h)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3><FONT face=serif size=2>Statement of Uncertificated Security of any Federal Reserve Bank of the United States</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; &nbsp;<FONT face=serif size=2>which</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; &nbsp;<FONT face=serif size=2>(i)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=serif size=2>bears a signature of any maker, drawer, issuer, endorser, assignor, lessee, transfer</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=serif size=2>agent, registrar, acceptor, surety, guarantor, or of any person signing in any other</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=serif size=2>capacity which is a Forgery, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; &nbsp;<FONT face=serif size=2>(ii)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=serif size=2>is altered, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; &nbsp;<FONT face=serif size=2>(iii)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%"><FONT face=serif size=2>is lost or stolen;</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=serif size=2>(2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=5><FONT face=serif size=2>guaranteed in writing or witnessed any signature upon any transfer, assignment, bill of sale,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=5><FONT face=serif size=2>power of attorney, Guarantee, or any items listed in (a) through (g) above;</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=serif size=2>(3)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=5><FONT face=serif size=2>acquired, sold or delivered, or given value, extended credit or assumed liability, on the faith of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=5><FONT face=serif size=2>any item listed in (a) or (b) above which is a Counterfeit.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=7><FONT face=serif size=2>Actual physical possession of the items listed in (a) through (h) above by the Insured or its authorized</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=7><FONT face=serif size=2>representative is a condition precedent to the Insured's having relied on the faith of such items.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=7><FONT face=serif size=2>A mechanically reproduced facsimile signature is treated the same as a handwritten signature.</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=9>&nbsp; </TD></TR>
<TR>
     <TD width="98%" colSpan=9>&nbsp; </TD></TR>
<TR>
     <TD width="98%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="98%" colSpan=9><B><U><FONT face=serif>GENERAL </FONT></U></B><B><FONT face=serif><U>AGREEMENTS</U></FONT></B> </TD></TR>
<TR>
     <TD width="98%" colSpan=9>&nbsp; </TD></TR>
<TR>
     <TD width="98%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="98%" colSpan=9><FONT face=serif size=2>ADDITIONAL OFFICES OR EMPLOYEES - CONSOLIDATION,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="98%" colSpan=9><FONT face=serif size=2>MERGER OR PURCHASE OF ASSETS - NOTICE</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%"><FONT face=serif size=2>A.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=7><FONT face=serif size=2>If the Insured shall, while this bond is in force, establish any additional offices, other than by</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=7><FONT face=serif size=2>consolidation or merger with, or purchase or acquisition of assets or liabilities of, another institution, such</FONT> </TD></TR>
<TR>
     <TD noWrap align=left width="4%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="92%" colSpan=7><FONT face=serif size=2>offices <FONT face=serif size=2>shall be automatically covered hereunder form the date of such establishment without the</FONT> </FONT></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=7><FONT face=serif size=2>requirement of notice to the Underwriter or the payment of additional premium for the remainder of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="23%" colSpan=5><FONT face=serif size=2>premium period.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%">&nbsp; </TD></TR>
<TR>
     <TD width="98%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=7><FONT face=serif size=2>If the Insured shall, while this bond is in force, consolidate or merge with, or purchase or acquire assets or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=7><FONT face=serif size=2>liabilities of, another institution, the Insured shall not have such coverage as is afforded under this bond</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="15%" colSpan=3><FONT face=serif size=2>for loss which</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="67%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=serif size=2>(a)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=5><FONT face=serif size=2>has occurred or will occur in offices or premises, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=serif size=2>(b)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=5><FONT face=serif size=2>has been caused or will be caused by an employee or employees of such institution, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=serif size=2>(c)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="82%" colSpan=5><FONT face=serif size=2>has arisen or will arise out of the assets or liabilities</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=7><FONT face=serif size=2>acquired by the Insured as a result of such consolidation, merger or purchase or acquisition of assets or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=7><FONT face=serif size=2>liabilities unless the Insured shall</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=2>(i)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3><FONT face=serif size=2>give the Underwriter written notice of the proposed consolidation, merger or purchase or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp;<FONT face=serif size=2>acquisition of assets or liabilities prior to the proposed effective date of such action and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=2>(ii)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3><FONT face=serif size=2>obtain the written consent of the Underwriter to extend the coverage provided by this</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp;<FONT face=serif size=2>bond to such additional offices or premises, Employees and other exposures, and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=2>(iii)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%" colSpan=3>&nbsp; &nbsp;<FONT face=serif size=2>upon obtaining such consent, pay to the Underwriter an additional premium.</FONT> </TD></TR></TABLE><BR>
<P align=right>
<TABLE>
<TR>
     <TD noWrap align=right><FONT face=serif size=2>Bond 25</FONT><BR>
<FONT face=serif size=2>Page 3 of 14</FONT></TD></TR></TABLE></P>
<HR align=center width="100%" noShade SIZE=2>


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<A name="page_63"></A>

<P align="center">
<TABLE><TR><TD align="center" nowrap>
<FONT size=2 face="serif">CHANGE OF CONTROL - NOTICE</FONT></TD></TR></TABLE>
</P>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">B.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">When the Insured learns of a change in control, it shall give written notice to the Underwriter.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD width=100%>
<FONT size=2 face="serif">As used in this General Agreement, control means the power to determine the management or policy of a controlling holding company or the Insured by virtue of voting-stock ownership. A change in ownership of voting-stock
which results in direct or indirect ownership by a stockholder or an affiliated group of stockholders of ten percent (10%) or more of such stock shall be presumed to result in a change of control for the purpose of the required notice.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD width=100%>
<FONT size=2 face="serif">Failure to give the required notice shall result in termination of coverage for any loss involving a transferee, to be effective upon the date of the stock transfer.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<FONT size=2 face="serif">REPRESENTATION OF INSURED</FONT></TD></TR></TABLE>
</P>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">C.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">The Insured represents that the information furnished in the application for this bond is complete, true and correct. Such application constitutes part of this bond.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD width=100%>
<FONT size=2 face="serif">Any misrepresentation, omission, concealment or any incorrect statement of a material fact, in the application or otherwise, shall be grounds for the rescission of this bond.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<FONT size=2 face="serif">JOINT INSURED</FONT></TD></TR></TABLE>
</P>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">D.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">If two or more Insureds are covered under this bond, the first named Insured shall act for all Insureds. Payment by the Underwriter to the first named Insured of loss sustained by any Insured shall fully release the
Underwriter on account of such loss. If the first named Insured ceases to be covered under this bond, the Insured next named shall thereafter be considered as the first named Insured. Knowledge possessed or discovery made by any Insured shall
constitute knowledge or discovery by all Insureds for all purposes of this bond. The liability of the Underwriter for loss or losses sustained by all Insureds shall not exceed the amount for which the Underwriter would have been liable had all such
loss or losses been sustained by one Insured.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<FONT size=2 face="serif">NOTICE OF LEGAL PROCEEDINGS</FONT><BR>
<FONT size=2 face="serif">AGAINST INSURED - ELECTION TO DEFEND</FONT></TD></TR></TABLE>
</P>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">E.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">The Insured shall notify the Underwriter at the earliest practicable moment, not to exceed 30 days after notice thereof, of any legal proceeding brought to determine the Insured's liability for any loss, claim or damage,
which, if established, would constitute a collectible loss under this bond. Concurrently, the Insured shall furnish copies of all pleadings and pertinent papers to the Underwriter.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<P align="left">
<FONT size=2 face="serif">The Underwriter, at its sole option, may elect to conduct the defense of such legal proceeding, in whole or in part. The defense by the Underwriter shall be in the Insured's name through attorneys selected by the
Underwriter. The Insured shall provide all reasonable information and assistance required by the Underwriter for such defense.</FONT></P>
<P align="right">
<TABLE><TR><TD align="right" nowrap>
<FONT size=2 face="serif">Bond 25</FONT><BR>
<FONT size=2 face="serif">Page 4 of 14</FONT></TD></TR></TABLE>
</P>

<HR noshade align="center" width="100%" size=2>


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<A name="page_64"></A>
<P align=left><FONT face=serif size=2>If the Underwriter elects to defend the Insured, in whole or in part, any judgment against the Insured on those counts or causes of action which the Underwriter defended on behalf of the Insured or any settlement in which the Underwriter participates and all attorneys' fees, costs and expenses incurred by the Underwriter in the defense of the litigation shall be a loss covered by this bond.</FONT></P>
<P align=left><FONT face=serif size=2>If the Insured does not give the notices required in subsection (a) of Section 5 of this bond and in the first paragraph of this General Agreement, or if the Underwriter elects not to defend any causes of action, neither a judgment against the Insured, nor a settlement of any legal proceeding by the Insured, shall determine the existence, extent or amount of coverage under this bond for loss sustained by the Insured, and the Underwriter shall not be liable for any attorneys' fees, costs and expenses incurred by the Insured.</FONT></P>
<P align=left><FONT face=serif size=2>With respect to this General Agreement, subsections (b) and (d) of Section 5 of this bond apply upon the entry of such judgment or the occurrence of such settlement instead of upon discovery of loss. In addition, the Insured must notify the Underwriter within 30 days after such judgment is entered against it or after the Insured settles such legal proceeding, and, subject to subsection (e) of Section 5, the Insured may not bring legal proceedings for the recovery of such loss after the expiration of 24 months from the date of such final judgment or settlement.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD align=center width="98%" colSpan=7><B><FONT face=serif>CONDITIONS AND LIMITATIONS</FONT></B> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="98%" colSpan=7><FONT face=serif size=2>DEFINITIONS</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=7>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%"><FONT face=serif size=2>Section 1.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="86%" colSpan=5><FONT face=serif size=2>As used in this bond:</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%"><FONT face=serif size=2>(a)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="77%" colSpan=3><FONT face=serif size=2>Acceptance means a draft which the drawee has, by signature written thereon, engaged to</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="77%" colSpan=3><FONT face=serif size=2>honor as presented.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%"><FONT face=serif size=2>(b)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="77%" colSpan=3><FONT face=serif size=2>Certificate of Deposit means an acknowledgment in writing by a financial institution of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="77%" colSpan=3><FONT face=serif size=2>receipt of Money with an engagement to repay it.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%"><FONT face=serif size=2>(c)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="77%" colSpan=3><FONT face=serif size=2>Certificated Security means a share, participation or other interest in property of or an</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="77%" colSpan=3><FONT face=serif size=2>enterprise of the issuer or an obligation of the issuer, which is:</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%"><FONT face=serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%"><FONT face=serif size=2>represented by an instrument issued in bearer or registered form;</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%"><FONT face=serif size=2>(2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%"><FONT face=serif size=2>of a type commonly dealt in on securities exchanges or markets or commonly</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%"><FONT face=serif size=2>recognized in any area in which it is issued or dealt in as a medium for</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%"><FONT face=serif size=2>investment; and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%"><FONT face=serif size=2>(3)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%"><FONT face=serif size=2>either one of a class or series or by its terms divisible into a class or series of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%"><FONT face=serif size=2>shares, participations, interests or obligations.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%"><FONT face=serif size=2>(d)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="77%" colSpan=3><FONT face=serif size=2>Counterfeit means an imitation of an actual valid original which is intended to deceive</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="77%" colSpan=3><FONT face=serif size=2>and to be taken as an original.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%"><FONT face=serif size=2>(e)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="77%" colSpan=3><FONT face=serif size=2>Employee means</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%"><FONT face=serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%"><FONT face=serif size=2>a natural person in the service of the Insured at any of the Insured&#146;s offices or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%"><FONT face=serif size=2>premises covered hereunder whom the Insured compensates directly by salary or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%"><FONT face=serif size=2>commissions and whom the Insured has the right to direct and control while</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%"><FONT face=serif size=2>performing services for the Insured;</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%"><FONT face=serif size=2>(2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%"><FONT face=serif size=2>an attorney retained by the Insured and an employee of such attorney while either</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="69%"><FONT face=serif size=2>is performing legal services for the Insured;</FONT> </TD></TR></TABLE><BR>
<P align=right>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=2>Bond 25</FONT><BR>
<FONT face=serif size=2>Page 5 of 14</FONT></TD></TR></TABLE></P>
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<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">(3)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">a person provided by an employment contractor to perform employee duties for the Insured under the Insured's supervision at any of the Insured's offices or premises covered hereunder; and a guest student pursuing studies or
duties in any of said offices or premises;</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">(4)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">an employee of an institution merged or consolidated with the Insured prior to the effective date of this bond; and</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">(5)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">each natural person, partnership or corporation authorized by the Insured to perform services as data processor of checks or other accounting records of the Insured (not including preparation or modification of computer
software or programs), herein called Processor. (Each such Processor, and the partners, officers and employees of such Processor shall, collectively, be deemed to be one Employee for all the purposes of this bond, excepting, however, the second
paragraph of Section 12.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD><TD>&nbsp;</TD>	<TD width=100%>
<FONT size=2 face="serif">A Federal Reserve Bank or clearing house shall not be construed to be a processor.)</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD><TD>&nbsp;</TD>	<TD width=100%>
<FONT size=2 face="serif">Employee does not mean brokers, general agents, sub-agents, loan agents, fiscal agents, property management agents, real estate agents, other representatives of the same general character, or independent contractors except
contractors as set forth in (2) or (5) above.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">(f)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<FONT size=2 face="serif">Evidence of Debt means an instrument, including a Negotiable Instrument, executed by a customer of the Insured and held by the Insured which in the regular course of business is treated as evidencing the customer's debt to
the Insured.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">(g)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<FONT size=2 face="serif">Forgery means the signing of the name of another person or organization with intent to deceive; it does not mean a signature which consists in whole or in part of one's own name signed with or without authority, in any
capacity, for any purpose.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">(h)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<FONT size=2 face="serif">Guarantee means a written undertaking obligating the signer to pay the debt of another to the Insured or its assignee or to a financial institution from which the Insured has purchased participation in the debt, if the debt
is not paid in accordance with its terms.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">(i)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<FONT size=2 face="serif">Instruction means a written order to the issuer of an Uncertificated Security requesting that the transfer, pledge, or release from pledge of the Uncertificated Security specified be registered.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">(j)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<FONT size=2 face="serif">Letter of Credit means an engagement in writing by a bank or other person made at the request of a customer that the bank or other person will honor drafts or other demands for payment upon compliance with the conditions
specified in the Letter of Credit.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">(k)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<FONT size=2 face="serif">Money means a medium of exchange in current use authorized or adopted by a domestic or foreign government as a part of its currency.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">(l)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<FONT size=2 face="serif">Negotiable Instrument means any writing</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">(1)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">signed by the maker or drawer; and</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">(2)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">containing any unconditional promise or order to pay a sum certain in Money and no other promise, order, obligation or power given by the maker or drawer; and</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">(3)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">is payable on demand or at a definite time; and</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">(4)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">is payable to order or bearer.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR></TABLE>
<P align="right">
<TABLE><TR><TD align="right" nowrap>
<FONT size=2 face="serif">Bond 25</FONT><BR>
<FONT size=2 face="serif">Page 6 of 14</FONT></TD></TR></TABLE>
</P>

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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(m)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>Property means Money, Certified Securities, Uncertificated Securities of any Federal Reserve Bank of the United States, Negotiable Instruments, Certificates of Deposit, Acceptances, Evidences of Debt, Security Agreements, Withdrawal Orders, Letters of Credit, abstracts of title, deeds and mortgages on real estate, revenue and other stamps, books of account and other records whether recorded in writing or electronically and tangible items of personal property which are not hereinbefore enumerated.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(n)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>Security Agreement means an agreement which creates an interest in personal property or fixtures and which secures payment or performance of an obligation.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(o)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>Statement of Uncertificated Security means a written statement of the issuer of an Uncertificated Security containing:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>A description of the Issue of which the Uncertificated Security is a part;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>the number of shares or units:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>transferred to the registered owner;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>pledged by the registered owner to the registered pledgee;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(c)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>released from pledge by the registered pledgee;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(d)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>registered in the name of the registered owner on the date of the statement; or</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(e)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>subject to pledge on the date of the statement;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(3)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>the name and address of the registered owner and registered pledgee;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(4)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>a notation of any liens and restrictions of the issuer and any adverse claims to which the Uncertificated Security is or may be subject or a statement that there are none of those liens, restrictions or adverse claims; and</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(5)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>the date:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>the transfer of the shares or units to the new registered owner of the shares or units was registered;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>the pledge of the registered pledgee was registered, or</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(c)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>of the statement, if it is a periodic or annual statement.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(p)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>Transportation Company means any organization which provides its own or leased vehicles for transportation or which provides freight forwarding or air express services.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(q)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>Uncertificated Security means a share, participation or other interest in property of or an enterprise of the issuer or an obligation of the issuer, which is:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>not represented by an instrument and the transfer of which is registered upon books maintained for that purpose by or on behalf of the issuer;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>of a type commonly dealt in on securities exchanges or markets; and</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(3)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>either one of a class or series or by its terms divisible into a class or series of shares, participations, interests or obligations.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<P align=center><FONT face=serif size=2>EXCLUSIONS</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=2>Section 2.</FONT></TD></TR></TABLE></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=2>This bond does not cover:</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>loss resulting directly or indirectly from forgery or alteration, except when covered under Insuring Agreements (A), (D) or (E);</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>loss due to riot or civil commotion outside the United States of America and Canada; or loss due to military, naval or usurped power, war or insurrection unless such loss occurs in transit in the circumstances recited in Insuring Agreement (C), and unless, when such transit was initiated, there was no knowledge of such riot, civil commotion, military, naval or usurped power, war or insurrection on the part of any person acting for the Insured in initiating such transit;</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=right>
<TABLE>
<TR>
     <TD noWrap align=right><FONT face=serif size=2>Bond 25</FONT><BR>
<FONT face=serif size=2>Page 7 of 14</FONT></TD></TR></TABLE></P>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(c)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>loss resulting directly or indirectly from the effects of nuclear fission or fusion or radioactivity; provided, however, that this paragraph shall not apply to loss resulting from industrial uses of nuclear energy;</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(d)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>loss resulting directly or indirectly from any acts of any director or trustee of the Insured other than one employed as a salaried, pensioned or elected official or an Employee of the Insured, except when performing acts coming within the scope of the usual duties of an Employee, or while acting as a member of any committee duly elected or appointed by resolution of the board of directors or trustees of the Insured to perform specific, as distinguished from general, directorial acts on behalf of the Insured;</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(e)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>loss resulting directly or indirectly from the complete or partial non-payment of, or default upon, any Loan or transaction involving the Insured as a lender or borrower, or extension of credit, including the purchase, discounting or other acquisition of false or genuine accounts, invoices, notes, agreements or Evidences of Debt, whether such Loan, transaction or extension was procured in good faith or through trick, artifice, fraud or false pretenses, except when covered under Insuring Agreements (A), (D) or (E);</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(f)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>loss resulting directly or indirectly from</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>an incorrectly or dishonestly prepared title search, survey, inspection or other report made by an Employee,</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(ii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>a defective document or instrument taken by the Insured whether or not the Employee accepting such document or instrument knew of such defect, or</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(iii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>contractual or extra-contractual liability sustained by the insured in connection with the issuance of contracts or purported contracts, of insurance, indemnity or suretyship;</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(g)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>loss caused by an Employee, except when covered under Insuring Agreement (A) or when covered under Insuring Agreement (B) or (C) and resulting directly from misplacement, mysterious unexplainable disappearance or destruction of or damage to Property;</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(h)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>loss resulting directly or indirectly from counterfeiting, except when covered under Insuring Agreements (A) or (E);</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>loss resulting directly or indirectly from trading, with or without the knowledge of the Insured, whether or not represented by any indebtedness or balance shown to be due the Insured on any account, actual fictitious, and notwithstanding any act or omission on the part of any Employee in connection with any account relating to such trading, indebtedness, or balance, except when covered under Insuring Agreements (D) or (E);</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(j)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>loss of any tangible item or personal property which is not specifically enumerated in the paragraph defining Property is such property is specifically insured by other insurance of any kind and in any amount obtained by the Insured, and in any event, loss of such property occurring more than 60 days after the Insured takes possession of such property, except when covered under Insuring Agreement (A):</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=right><FONT face=serif size=2>Bond 25</FONT><BR>
<FONT face=serif size=2>Page 8 of 14</FONT></P>
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<TABLE style="WIDTH: 751px; HEIGHT: 987px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif size=2>(k)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>loss of Property while</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%"><FONT face=serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>in the mail, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%"><FONT face=serif size=2>(2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>in the custody of any Transportation Company, unless covered under</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>Insuring Agreement (C)</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>except when covered under Insuring Agreement (A);</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif size=2>(l)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>potential income, including but not limited to interest and dividends, not realized</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>by the Insured;</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif size=2>(m)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>loss through the surrender of Property away from an office of the Insured as a</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>result of a threat</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%"><FONT face=serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>to do bodily harm to any person, except loss of Property in transit in the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>custody of any person acting as messenger provided that when such</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>transit was initiated there was no knowledge by the Insured of any such</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>threat, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%"><FONT face=serif size=2>(2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>to do damage to the premises or property of the Insured,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>except when covered under Insuring Agreement (A);</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif size=2>(n)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>damages of any type for which the Insured is legally liable, except compensatory</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>damages, but not multiples thereof, arising directly from a loss covered under this</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%"><FONT face=serif size=2>bond;</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif size=2>(o)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>all fees, costs and expenses incurred by the Insured</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%"><FONT face=serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>in establishing the existence of or amount of loss covered under this</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>bond, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%"><FONT face=serif size=2>(2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>as a party to any legal proceeding whether or not such legal proceeding</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>exposes the Insured to loss covered by this bond;</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif size=2>(p)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>indirect or consequential loss of any nature;</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif size=2>(q)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>loss resulting from any violation by the Insured or by any Employee</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%"><FONT face=serif size=2>(1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>of law regulating (i) the issuance, purchase or sale of securities, (ii)</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>securities transactions upon security exchanges or over the counter</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>market, (iii) investment companies, or (iv) investment advisers, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%"><FONT face=serif size=2>(2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>of any rule or regulation made pursuant to any such law, unless it is</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>established by the Insured that the act or acts which caused the said loss</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>involved fraudulent or dishonest conduct which would have caused a</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>loss to the Insured in a similar amount in the absence of such laws, rules</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="9%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="79%"><FONT face=serif size=2>or regulations;</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif size=2>(r)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>loss resulting directly or indirectly from the failure of a financial or depository</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>institution, or its receiver or liquidator, to pay or deliver, on demand of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>Insured, funds or Property of the Insured held by it in any capacity, except when</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>covered under Insuring Agreement (A) or (B)(1)(a);</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif size=2>(s)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>loss involving any Uncertificated Security except an Uncertificated Security of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>any Federal Reserve Bank of the United States or when covered under Insuring</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>Agreement (A);</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif size=2>(t)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>damages resulting from any civil, criminal or other legal proceeding in which the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>Insured is alleged to have engaged in racketeering activity except when the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>Insured establishes that the act or acts giving rise to such damages were</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>committed by an Employee under circumstances which result directly in a loss to</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>the Insured covered by Insuring Agreement (A). For the purpose of this</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>exclusion, "racketeering activity" is defined in 18 United States Code 1961 et</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif size=2>seq., as amended.</FONT> </TD></TR></TABLE><BR>
<P align=right><FONT face=serif size=2>Bond 25</FONT><BR>
<FONT face=serif size=2>Page 9 of 14</FONT></P>
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<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(u)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>loss resulting directly or indirectly from any dishonest or fraudulent act or acts committed by any non-Employee who is a securities, commodities, money, mortgage, real estate, loan, insurance, property management, investment banking broker, agent or other representative of the same general character.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=top>
     <TD width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=left width="86%">
<P align=left><FONT face=serif size=2><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>DISCOVERY</FONT></P>
</TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=top>
     <TD width="11%">
<P><FONT face=serif size=2>Section 3.</FONT></P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=left width="86%">
<P><FONT face=serif size=2>This bond applies to loss discovered by the Insured during the Bond Period. Discovery occurs when the Insured first becomes aware of facts which would cause a reasonable person to assume that a loss of a type covered by this bond has been or will be incurred, regardless of when the act or acts causing or contributing to such loss occurred, even though the exact amount or details of loss may not then be known.</FONT></P>
<P><FONT face=serif size=2>Discovery also occurs when the Insured receives notice of an actual or potential claim in which it is alleged that the Insured is liable to a third party under circumstances which, if true, would constitute a loss under this bond.</FONT></P>
<P align=left><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LIMIT OF LIABILITY</FONT></P>
</TD></TR></TABLE><BR>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=2>Section 4.</FONT></TD></TR></TABLE></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><FONT face=serif size=2>Aggregate Limit of Liability</FONT></TD></TR></TABLE></P>
<P align=left><FONT face=serif size=2>The Underwriter's total liability for all losses discovered during the Bond Period shown in Item 2 of the Declarations shall not exceed the Aggregate Limit of Liability shown in Item 3 of the Declarations. The Aggregate Limit of Liability shall be reduced by the amount of any payment made under the terms of this bond.</FONT></P>
<P align=left><FONT face=serif size=2>Upon exhaustion of the Aggregate Limit of Liability by such payments:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The Underwriter shall have no further liability for loss or losses regardless of when discovered and whether or not previously reported to the Underwriter, and</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The Underwriter shall have no obligation under General Agreement E to continue the defense of the Insured, and upon notice by the Underwriter to the Insured that the Aggregate Limit of Liability has been exhausted, the Insured shall assume all responsibility for its defense at its own cost.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=serif size=2>The Aggregate Limit of Liability shall not be increased or reinstated by any recovery made and applied in accordance with subsections (a), (b) and (c) of Section 7. In the event that a loss of Property is settled by the Underwriter through the use of a lost instrument bond, such loss shall not reduce the Aggregate Limit of Liability.</FONT></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><FONT face=serif size=2>Single Loss Limit of Liability</FONT></TD></TR></TABLE></P>
<P align=left><FONT face=serif size=2>Subject to the Aggregate Limit of Liability, the Underwriter's liability for each Single Loss shall not exceed the applicable Single Loss Limit of Liability shown in Item 4 of the Declarations. If a Single Loss is covered under more than one Insuring Agreement or Coverage, the maximum payable shall not exceed the largest applicable Single Loss Limit of Liability.</FONT></P>
<P align=right><FONT face=serif size=2>Bond 25</FONT><BR>
<FONT face=serif size=2>Page 10 of 14</FONT></P>
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<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><FONT face=serif size=2>Single Loss Defined</FONT></TD></TR></TABLE></P>
<P align=left><FONT face=serif size=2>Single Loss means all covered loss, including court costs and attorneys' fees incurred by the Underwriter under General Agreement E, resulting from</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>any one act or series of related acts of burglary, robbery or attempt thereat, in which no Employee is implicated, or</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>any one act or series of related unintentional or negligent acts or omissions on the part of any person (whether an Employee or not) resulting in damage to or destruction or misplacement of Property, or</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(c)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>all acts or omissions other than those specified in (a) and (b) preceding, caused by any person (whether an Employee or not) or in which such person is implicated, or</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(d)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>any one casualty or event not specified in (a), (b) or (c) preceding.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><FONT face=serif size=2>NOTICE/PROOF -- LEGAL PROCEEDINGS</FONT><BR>
<FONT face=serif size=2>AGAINST UNDERWRITER</FONT></TD></TR></TABLE></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=2>Section 5.</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>At the earliest practicable moment, not to exceed 30 days, after discovery of loss, the Insured shall give the Underwriter notice thereof.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Within 6 months after such discovery, the Insured shall furnish to the Underwriter proof of loss, duly sworn to, with full particulars.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(c)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Lost Certificated Securities listed in a proof of loss shall be identified by certificate or bond numbers if such securities were issued therewith.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(d)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Legal proceedings for the recovery of any loss hereunder shall not be brought prior to the expiration of 60 days after the original proof of loss is filed with the Underwriter or after the expiration of 24 months from the discovery of such loss.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(e)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>If any limitation embodied in this bond is prohibited by any law controlling the construction hereof, such limitation shall be deemed to be amended so as to equal the minimum period of limitation provided by such law.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(f)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>This bond affords coverage only in favour of the Insured. No suit, action or legal proceedings shall be brought hereunder by any one other than the named Insured.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=top>
     <TD width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD align=left width="86%">
<P align=left><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VALUATION</FONT></P>
</TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=top>
     <TD width="11%">
<P><FONT face=serif size=2>Section 6.</FONT></P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="86%">
<P><FONT face=serif size=2>Any loss of Money, or loss payable in Money, shall be paid, at the option of the Insured, in the Money of the country in which the loss was sustained or in the United States of America dollar equivalent thereof determined at the rate of exchange at the time of payment of such loss.</FONT></P>
</TD></TR></TABLE><BR>
<P align=right><FONT face=serif size=2>Bond 25</FONT><BR>
<FONT face=serif size=2>Page 11 of 14</FONT></P>
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<P align="center">
<TABLE><TR><TD align="center" nowrap>
<FONT size=2 face="serif">Securities</FONT></TD></TR></TABLE>
</P>
<P align="left">
<FONT size=2 face="serif">The Underwriter shall settle in kind its liability under this bond on account of a loss of any securities or, at the option of the Insured, shall pay to the Insured the cost of replacing such securities, determined by the
market value thereof at the time of such settlement. In case of a loss of subscription, conversion or redemption privileges through the misplacement or loss of securities, the amount of such loss shall be the value of privileges immediately
preceding the expiration thereof. If such securities cannot be replaced or have no quoted market value, or if such privileges have no quoted market value, their value shall be determined by agreement or arbitration.</FONT></P>
<P align="left">
<FONT size=2 face="serif">If the applicable coverage of this bond is subject to a Deductible Amount and/or is not sufficient in amount to indemnify the Insured in full for the loss of securities for which claim is made hereunder, the liability of
the Underwriter under this bond is limited to the payment for, or the duplication of, so much of such securities as has a value equal to the amount of such applicable coverage.</FONT></P>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<FONT size=2 face="serif">Books of Account and Other Records</FONT></TD></TR></TABLE>
</P>
<P align="left">
<FONT size=2 face="serif">In case of loss of, or damage to, any books of account or other records used by the Insured in its business, the Underwriter shall be liable under this bond only if such books or records are actually reproduced and then for
not more than the cost of the blank books, blank pages or other materials plus the cost of labor for the actual transcription or copying of data which shall have been furnished by the Insured in order to reproduce such books and other
records.</FONT></P>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<FONT size=2 face="serif">Property other than Money, Securities or Records</FONT></TD></TR></TABLE>
</P>
<P align="left">
<FONT size=2 face="serif">In case of loss of, or damage to, Property other than Money, securities, books of account or other records, or damage covered under Insuring Agreement (B)(2), the Underwriter shall not be liable for more than the actual
cash value of such Property, or of items covered under Insuring Agreement (B)(2). The Underwriter may, at its election, pay the actual cash value of, replace or repair such property. Disagreement between the Underwriter and the Insured as to the
cash value or as to the adequacy of repair or replacement shall be resolved by arbitration.</FONT></P>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<FONT size=2 face="serif">Set-Off</FONT></TD></TR></TABLE>
</P>
<P align="left">
<FONT size=2 face="serif">Any loss covered under this bond shall be reduced by a set-off consisting of any amount owed to the Employee (or to his or her assignment) causing the loss if such loss is covered under Insuring Agreement (A).</FONT></P>
<P align="center">
<FONT size=2 face="serif">ASSIGNMENT - SUBROGATION - RECOVERY - COOPERATION</FONT></P>
<P align="left">
<TABLE><TR><TD nowrap>
<FONT size=2 face="serif">Section 7.</FONT></TD></TR></TABLE>
</P>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">(a)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">In the event of payment under this bond, the Insured shall deliver, if so requested by the Underwriter, an assignment of such of the Insured's rights, title and interest and causes of action as it has against any person or
entity to the extent of the loss payment.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<P align="right">
<TABLE><TR><TD align="right" nowrap>
<FONT size=2 face="serif">Bond 25</FONT><BR>
<FONT size=2 face="serif">Page 12 of 14</FONT></TD></TR></TABLE>
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<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">(b)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<FONT size=2 face="serif">In the event of payment under this bond, the Underwriter shall be subrogated to all of the Insured's rights of recovery therefor against any person or entity to the extent of such payment.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">(c)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<FONT size=2 face="serif">Recoveries, whether effected by the Underwriter or by the Insured, shall be applied net of the expense of such recovery first to the satisfaction of the Insured's loss which would otherwise have been paid but for the fact
that it is in excess of either the Single or Aggregate Limit of Liability, secondly, to the Underwriter as reimbursement of amounts paid in settlement of the Insured's claim, and thirdly, to the Insured in satisfaction of any Deductible Amount.
Recovery on account of loss of securities as set forth in the second paragraph of Section 6 or recovery from reinsurance and/or indemnity of the Underwriter shall not be deemed a recovery as used herein.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">(d)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<FONT size=2 face="serif">Upon the Underwriter's request and at reasonable times and places designated by the Underwriter the Insured shall</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">(1)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">submit to examination by the Underwriter and subscribe to the same under oath; and</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">(2)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">produce for the Underwriter's examination all pertinent records; and</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD nowrap valign=top>
<FONT size=2 face="serif">(3)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">cooperate with the Underwriter in all matters pertaining to the loss.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">(e)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<FONT size=2 face="serif">The Insured shall execute all papers and render assistance to secure to the Underwriter the rights and causes of action provided for herein. The Insured shall do nothing after discovery of loss to prejudice such rights or
causes of action.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR></TABLE>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR valign="top">
	<TD width=11%>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=86% colspan=1><P><FONT size=2 face="serif">LIMIT OF LIABILITY UNDER THIS BOND AND PRIOR INSURANCE</FONT></P>

	</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;
	</TD>
</TR>
<TR valign="top">
	<TD width=11%><P><FONT size=2 face="serif">Section 8.</FONT></P>

	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=86% colspan=1><P><FONT size=2 face="serif">With respect to any loss set forth in sub-section (c) of Section 4 of this bond which is recoverable or recovered in whole or in part under any other bonds or policies issued by the Underwriter
to the Insured or to any predecessor in interest of the Insured and terminated or canceled or allowed to expire and in which the period for discovery has not expired at the time any such loss thereunder is discovered, the total liability of the
Underwriter under this bond and under such other bonds or policies shall not exceed, in the aggregate, the amount carried hereunder on such loss or the amount available to the Insured under such other bonds or policies, as limited by the terms and
conditions thereof, for any loss if the latter amount be the larger.</FONT></P>
<P><FONT size=2 face="serif">If the coverage of this bond supersedes in whole or in part the coverage of any other bond or policy of insurance issued by the Insurer other than the Underwriter and terminated, canceled or allowed to expire, the
Underwriter, with respect to any loss sustained prior to such termination, cancelation or expiration and discovered within the period permitted under such other bond or policy for the discovery of loss thereunder, shall be liable under this bond
only for that part of such loss covered by this bond as is in excess of the amount recoverable or recovered on account of such loss under such other bond or policy, anything to the contrary in such other bond or policy notwithstanding.</FONT></P>
<P><FONT size=2 face="serif">OTHER INSURANCE OR INDEMNITY</FONT></P>

	</TD>
</TR>
<TR>
	<TD colspan=3>
&nbsp;
	</TD>
</TR>
<TR valign="top">
	<TD width=11%><P><FONT size=2 face="serif">Section 9.</FONT></P>

	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=86% colspan=1><P><FONT size=2 face="serif">Coverage afforded hereunder shall apply only as excess over any valid and collectible insurance or indemnity obtained by the Insured, or by one other than the Insured on Property subject to
exclusion (j) or by a Transportation Company, or by another entity on whose premises the loss occurred or which employed the person causing the loss or the messenger conveying the Property involved.</FONT></P>

	</TD>
</TR>
</TABLE><BR>
<P align="right">
<TABLE><TR><TD align="right" nowrap>
<FONT size=2 face="serif">Bond 25</FONT><BR>
<FONT size=2 face="serif">Page 13 of 14</FONT></TD></TR></TABLE>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=top>
     <TD width="11%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="86%">
<P><FONT face=serif size=2>OWNERSHIP</FONT></P>
</TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=top>
     <TD width="11%">
<P><FONT face=serif size=2>Section 10.</FONT></P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="86%">
<P><FONT face=serif size=2>This bond shall apply to loss of Property (1) owned by the Insured, (2) held by the Insured in any capacity, or (3) for which the Insured is legally liable. This bond shall be for the sole use and benefit of the Insured named in the Declarations.</FONT></P>
<P><FONT face=serif size=2>DEDUCTIBLE AMOUNT</FONT></P>
</TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=top>
     <TD width="11%">
<P><FONT face=serif size=2>Section 11.</FONT></P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="86%">
<P><FONT face=serif size=2>The Underwriter shall be liable hereunder only for the amount by which any single loss, as defined in Section 4, exceeds the Single Loss Deductible amount for the Insuring Agreement or Coverage applicable to such loss, subject to the Aggregate Limit of Liability and the applicable Single Loss Limit of Liability.</FONT></P>
<P><FONT face=serif size=2>The Insured shall, in the time and in the manner prescribed in this bond, give the Underwriter notice of any loss of the kind covered by the terms of this bond, whether or not the Underwriter is liable therefor, and upon the request of the Underwriter shall file with it a brief statement giving the particulars concerning such loss.</FONT></P>
<P><FONT face=serif size=2>TERMINATION OR CANCELATION</FONT></P>
</TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=top>
     <TD width="11%">
<P><FONT face=serif size=2>Section 12.</FONT></P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="86%">
<P><FONT face=serif size=2>This bond terminates as an entirety upon occurrence of any of the following:- (a) 60 days after the receipt by the Insured of a written notice from the Underwriter of its desire to cancel this bond, or (b) immediately upon the receipt by the Underwriter of a written notice from the Insured of its desire to cancel this bond, or (c) immediately upon the taking over of the Insured by a receiver or other liquidator or by State or Federal officials, or (d) immediately upon the taking over of the Insured by another institution, or (e) immediately upon exhaustion of the Aggregate Limit of Liability, or (f) immediately upon expiration of the Bond Period as set forth in Item 2 of the Declarations.</FONT></P>
<P><FONT face=serif size=2>This bond terminates as to any Employee or any partner, officer or employee of any Processor - (a) as soon as any Insured, or any director or officer not in collusion with such person, learns of any dishonest or fraudulent act committed by such person at any time, whether in the employment of the Insured or otherwise, whether or not of the type covered under Insuring Agreement (A), against the Insured or any other person or entity, without prejudice to the loss of any Property then in transit in the custody of such person, or (b) 15 days after the receipt by the Insured of a written notice from the Underwriter of its desire to cancel this bond as to such person.</FONT></P>
<P><FONT face=serif size=2>Termination of the bond as to any Insured terminates liability for any loss sustained by such Insured which is discovered after the effective date of such termination.</FONT></P>
</TD></TR></TABLE><BR>
<P align=left>
<TABLE>
<TR>
     <TD width=80></TD>
     <TD noWrap><FONT face=serif size=2>In witness whereof, the Underwriter has caused this bond to be executed on the Declarations page.</FONT></TD></TR></TABLE></P>
<P align=right><FONT face=serif size=2>Bond 25</FONT><BR>
<FONT face=serif size=2>Page 14 of 14</FONT></P>
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<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp;<FONT face=serif size=2>1</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="33%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="64%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR>
<TR>
     <TD width="33%"></TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="64%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="33%"><FONT face=serif size=2>It is agreed that:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="64%">&nbsp; </TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><B><FONT face=serif size=2>Item 1 </FONT></B><FONT face=serif size=2>of the DECLARATIONS is deleted in its entirety and replaced with the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=3><B><FONT face=serif size=2>ITEM 1. Name of Insured </FONT></B><FONT face=serif size=2>(hereinafter the "Insured") includes:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Manulife Financial Corporation including any Subsidiary;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>OUB Manulife Pte. Ltd., but only if at the time of the Loss, Manulife Financial Corporation or any Subsidiary is the actual or beneficial owner of at least 50% of the outstanding securities or voting rights representing the present right to vote for election directors;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(c)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Any employee benefit plans of any Insured;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(d)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Any &#147;mutual fund&#148; as that term is defined in the </FONT><I><FONT face=serif size=2>Securities Act </FONT></I><FONT face=serif size=2>R.S.O. 1990 Ch. S.5, as amended, or such equivalent investment structure which may exist under any other federal, state, provincial or territorial securities legislation. Provided, however, that any such mutual fund must be:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>an issuer which is not a natural person;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(ii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>created, managed or controlled at the time of the Loss by either an Insured or a Subsidiary; and</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(iii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>in respect of which either an Insured or a Subsidiary is acting as the trustee at the time of the Loss.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><B><FONT face=serif size=2>ITEM 2. Name of Insured </FONT></B><FONT face=serif size=2>does not include:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>Berkshire Insurance Services Inc., Berkshire Operations Management Limited, Berkshire Investment Group Inc., Berkshire Securities Inc., and Berkshire Insurance Brokerage Inc.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>Principal Address:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<P align=left>
<TABLE>
<TR>
     <TD width=26>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=2>200 Bloor Street East</FONT><BR>
<FONT face=serif size=2>Toronto, Ontario</FONT><BR>
<FONT face=serif size=2>M4W 1E5</FONT></TD></TR></TABLE></P>
<TABLE style="WIDTH: 772px; HEIGHT: 65px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="74%"><FONT face=serif size=1>Named Insured Rider</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="23%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="74%"><FONT face=serif size=1>For Use With Manulife Financial Corporation FI 25 Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="23%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="74%"><FONT face=serif size=1>CE-17-02-5370Q (Rev. 04-08)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=right width="23%"><FONT face=serif size=1>Page 1 of 2</FONT> </TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The CONDITIONS AND LIMITATIONS, Section 1., DEFINITIONS is amended by adding the following definition of Subsidiary:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Subsidiary means any organization that, at the inception date of this Bond, is named in the APPLICATION or is created during the BOND PERIOD and in respect 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 directly or indirectly, in any combination, by Manulife Financial Corporation , and which:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>is actively carrying on business; or</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>is no longer actively carrying on business</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=serif size=2>This rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT></P>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=center width="100%">
<P><FONT face=serif size=2><U><B>/s/ Ellen J. Moore</B></U></FONT></P>
<P><FONT size=2><B>President</B></FONT></P>
<P><FONT face=serif size=2><U>April 18, 2008</U></FONT> </P>
</TD></TR>
<TR>
     <TD align=center width="100%"><FONT face=serif size=2>Date</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="100%"></TD></TR></TABLE></DIV><BR>
<TABLE style="WIDTH: 721px; HEIGHT: 65px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="74%"><FONT face=serif size=1>Named Insured Rider</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="23%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="74%"><FONT face=serif size=1>For Use With Manulife Financial Corporation FI 25 Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="23%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="74%"><FONT face=serif size=1>CE-17-02-5370Q (Rev. 04-08)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="23%"><FONT face=serif size=1>Page 2 of 2</FONT> </TD></TR></TABLE><BR>
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<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>2</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Subject to the terms and conditions of this rider, and the other Policy terms and conditions, it is agreed that the attached bond is amended by adding coverage for Loss resulting directly from dishonest or fraudulent acts committed by an Agent either acting alone or in collusion with others. Provided however, that such dishonest or fraudulent acts must be committed by the Agent with the manifest intent to:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>cause the Insured to sustain such Loss; and</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>obtain financial benefit for the Agent or another person or entity.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>For the purposes of this rider, Loss as used in clause 1 above, shall not include salaries, commissions, fees, bonuses, promotions, awards, profit sharing, pensions, contingency or threshold awards, or any other form of remuneration paid to an Agent or others. Provided, however, that if commissions only are fraudulently obtained and represent the sole purpose for which the fraudulent acts were committed, then they shall constitute Loss for the purposes of this rider.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The coverage under this rider shall be subject to the Single Loss Limit of Liability applicable to the Agent which is limited to the sum of $10,000,000.00 US, and subject to a Single Loss Deductible of $10,000,000.00 US. Any amount paid by the Underwriter under this rider shall be part of, and not in addition to, the amount set forth in Item 3. of the Declarations Page of the attached bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>4.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The term Agent shall be deemed to include the partners, officers and employees of such Agent and all such persons shall collectively be deemed to be one person for the purposes of clause 1 of this rider.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>5.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>For the purposes of this rider only, Exclusion (u) of the attached bond is deleted.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>6.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The following exclusion is added to the bond:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(v)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>This bond does not cover Loss resulting directly or indirectly from the complete or partial non-payment of, or <FONT face=serif size=2>default upon, any loan or transaction in the nature of a loan or extension of credit made to a Servicing Agent, including any such loan or transaction established to provide funds for interim financing or &#147;warehousing&#148; of mortgage loans, whether procured in good faith or through fraud or false pretenses, or Loss resulting directly or indirectly from the failure of the Servicing Agent to pay over Property held as security for any such loan or transaction.</FONT></FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>7.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>In the &#147;On Premises Insuring Agreement&#148;, any reference to an office of the Insured shall be deemed for the purposes of this rider to include an office of an Agent.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE style="WIDTH: 824px; HEIGHT: 78px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=top>
     <TD width="62%">
<P><FONT face=serif size=1>Agent&#146;s Fidelity Insuring Agreement</FONT></P>
<P><FONT face=serif size=1>For use with Manulife Financial Corporation FI 25 Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT></P>
<P><FONT face=serif size=1>CE-17-02-5718Q (Rev. 08-07)</FONT></P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="35%">
<P><FONT face=serif size=1>Page 1 of 3</FONT></P>
</TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>8.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The following conditions and limitations are added to the bond:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>ASSIGNMENT OF RIGHTS</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>This bond does not afford coverage in favor of any Agent, and upon payment to the Insured by the Underwriter on account of any Loss for which an Agent is liable to the Insured, an assignment of such of the Insured's rights and causes of action as it may have against that Agent by reason of such liability shall, to the extent of such payment, be given by the Insured to the Underwriter, and the Insured shall execute all papers necessary to secure to the Underwriter the rights which are herein provided.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>INDIVIDUAL TERMINATION</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The coverage under this bond terminates in respect of any partner, officer or employee of any Agent:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>as soon as any Insured or any Agent, or any director of officer of any Insured or of any Agent, who is not in collusion with such person, becomes aware of any dishonest or fraudulent act committed by such person at any time, against the Insured or against any other person or entity, regardless of whether that dishonest or fraudulent act was committed in the employment of the Insured or in the employment of an Agent, or otherwise, and regardless of whether the dishonest or fraudulent act is of a type covered under this rider, without prejudice to the loss of any Property then in transit in the custody of such person; or</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(ii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>15 days after the receipt by the Insured of a written notice from the Underwriter of its desire to cancel the bond as to such person.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>9.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>As used in this rider:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=left>
<TABLE>
<TR>
     <TD width=30></TD>
     <TD noWrap><FONT face=serif size=2>Agent shall mean:</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>any natural person, partnership or corporation appointed and authorized by written agreement with the Insured, including a General Agent and any duly registered insurance broker under contract with the Insured, to solicit Products issued by the Insured, but under no circumstances shall include a Broker- Dealer; or</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(ii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>any Servicing Agent</FONT><B><FONT face=serif size=2>.</FONT></B> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>Broker-Dealer shall mean any natural person, partnership or corporation duly appointed and authorized by written agreement with the Insured to solicit Products which are not exempted securities pursuant to section 3 of the </FONT><I><FONT face=serif size=2>Securities Act of 1933</FONT></I><FONT face=serif size=2>, and which are subject to registration under the </FONT><I><FONT face=serif size=2>Securities Act of 1933, </FONT></I><FONT face=serif size=2>unless sold in exempt transactions, and shall include any sub-agents who are registered representatives of a Broker-Dealer and who solicit Products.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>General Agent shall mean any natural person, partnership, or corporation, which is not a Broker-Dealer, and is duly appointed and authorized by written agreement with the Insured to solicit Products. &#147;General Agent&#148; shall be deemed to include in Canada only, any sub-agent appointed by the General Agent to solicit Products. Notwithstanding the foregoing, a General Agent shall not under any circumstances include a Servicing Agent.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>Product shall mean either in the singular or plural, any individual life, individual health, individual annuity and individual investment products issued by the Insured for distribution or sale by an Agent but shall not include any &#147;security&#148; as that term is defined in either:</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE style="WIDTH: 780px; HEIGHT: 78px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=top>
     <TD width="62%">
<P><FONT face=serif size=1>Agent&#146;s Fidelity Insuring Agreement</FONT></P>
<P><FONT face=serif size=1>For use with Manulife Financial Corporation FI 25 Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT></P>
<P><FONT face=serif size=1>CE-17-02-5718Q (Rev. 08-07)</FONT></P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="35%">
<P><FONT face=serif size=1>Page 2 of 3</FONT></P>
</TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>(i)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>the Securities Act of 1933, the Securities Exchange Act of 1934, or the Investment Company</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>Act of 1940, all of the United States of America, as amended; or</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>(ii)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>any federal, state, provincial or territorial securities legislation, including any regulations,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>rules, orders or orders in counsel promulgated thereunder,</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>unless the security is:</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%"><FONT face=serif size=2>(a)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%"><FONT face=serif size=2>a &#147;redeemable security&#148; in any &#147;investment company&#148; as those terms are respectively defined in the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%"><I><FONT face=serif size=2>Investment Company Act of 1940</FONT></I><FONT face=serif size=2>, of the United States of America, or such equivalent terms which</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%"><FONT face=serif size=2>may exist under any other federal, state, provincial or territorial securities legislation;</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%"><FONT face=serif size=2>(b)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%"><FONT face=serif size=2>a variable annuity; or</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%"><FONT face=serif size=2>(c)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%"><FONT face=serif size=2>a higher education savings plan trust established through section 529 of the Internal Revenue Code of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%"><FONT face=serif size=2>the United States of America that holds &#147;municipal securities&#148; as that term is defined in section 3 of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%"><FONT face=serif size=2>the </FONT><I><FONT face=serif size=2>Securities Exchange Act of 1934 </FONT></I><FONT face=serif size=2>of the United States of America.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>Servicing Agent shall mean any natural person, partnership or corporation which is also not a General Agent</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>and is duly appointed and authorized by written agreement with the Insured to perform any of the following</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>services on the Insured&#146;s behalf:</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%"><FONT face=serif size=2>a.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%"><FONT face=serif size=2>collect and record payments on real estate mortgage or home improvement loans made, held or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%"><FONT face=serif size=2>assigned by the Insured;</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%"><FONT face=serif size=2>b.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%"><FONT face=serif size=2>establish tax or insurance escrow accounts on real estate mortgage or home improvement loans</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%"><FONT face=serif size=2>made, held or assigned by the Insured;</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%"><FONT face=serif size=2>c.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%"><FONT face=serif size=2>manage real property owned by or under the supervision or control of the Insured; or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="7%"><FONT face=serif size=2>d.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%"><FONT face=serif size=2>any other acts related to (a), (b) or (c) above.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>Provided however, that coverage under this rider shall only apply to a Servicing Agent while actually</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>performing such services on behalf of the Insured.</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>10. This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT></P>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><U><B>/s/ Ellen J. Moore</B></U></FONT></P>
<P align=center><FONT size=2><B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<TABLE style="WIDTH: 730px; HEIGHT: 78px" cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=top>
     <TD width="62%">
<P><FONT face=serif size=1>Agent&#146;s Fidelity Insuring Agreement</FONT></P>
<P><FONT face=serif size=1>For use with Manulife Financial Corporation FI 25 Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT></P>
<P><FONT face=serif size=1>CE-17-02-5718Q (Rev. 08-07)</FONT></P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="35%">
<P><FONT face=serif size=1>Page 3 of 3</FONT></P>
</TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_79"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>3</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="79%" colSpan=3><FONT face=serif size=2>It is agreed that:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%"><FONT face=serif size=2>1.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="93%" colSpan=3><FONT face=serif size=2>Subject to the provisions of the attached bond, the Single Deductible amount as stated in the bond is hereby</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="93%" colSpan=3><FONT face=serif size=2>amended to read One Hundred Thousand Dollars ($100,000.00 US) which is applicable only to the following</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%"><FONT face=serif size=2>subsidiaries:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="99%" colSpan=5><FONT face=serif size=2>Manulife Bank of Canada</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%"><FONT face=serif size=2>2.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="93%" colSpan=3><FONT face=serif size=2>Subject to the provisions of the attached bond, the Single Deductible amount as stated in the bond is hereby</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="93%" colSpan=3><FONT face=serif size=2>amended to read Twenty-five Thousand Dollars ($25,000.00 US) which is applicable only to the following</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%"><FONT face=serif size=2>subsidiary:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="99%" colSpan=5><FONT face=serif size=2>Manulife Financial Services</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="99%" colSpan=5><FONT face=serif size=2>Manulife Investment Management Corporation</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="99%" colSpan=5><FONT face=serif size=2>Manulife Securities International Ltd.</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="99%" colSpan=5><FONT face=serif size=2>Elliot &amp; Page Limited and/or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="99%" colSpan=5><FONT face=serif size=2>MFC Global Investment Management and/or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD align=center width="99%" colSpan=5><FONT face=serif size=2>Gestion des placement mondiaux MFC</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%"><FONT face=serif size=2>3.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="93%" colSpan=3><FONT face=serif size=2>Subject to the provisions of the attached bond with respect to the Deductible Amount, the Deductible Amount for</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%"><FONT face=serif size=2>Wood Logan Associates Inc. and all its subsidiaries shall be:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%"><FONT face=serif size=2>SEVENTY-FIVE THOUSAND DOLLARS</FONT>&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%"><FONT face=serif size=2>($75,000.00 US)</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="93%" colSpan=3><FONT face=serif size=2>but excluding Fidelity Claims Expense, Stop Payment Order Liability, Audit Expense, Unauthorized Signatures and</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%"><FONT face=serif size=2>Telephone Toll Call Fraud.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%"><FONT face=serif size=2>4.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="73%"><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="18%">&nbsp; </TD></TR></TABLE><BR>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2></FONT><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moore</U></FONT></B></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=5>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=1>Special Deductible Rider</FONT><BR>
<FONT face=serif size=1>For use with Manulife Financial Corporation</FONT><BR>
<FONT face=serif size=1>FI 25 Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT><BR>
<FONT face=serif size=1>CE-17-02-5701Q (Ed. 10-03)</FONT></TD></TR></TABLE></P>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_80"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>4</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=2>It is agreed that:</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The Insuring Agreements are amended by adding the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>Insuring Agreement (F) &#150; COUNTERFEIT CURRENCY</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>Any loss through the receipt by the Insured, in good faith, of any counterfeited or altered paper currencies or coins, issued or purporting to have been issued, or issued pursuant to a statute of any country in the world for use as currency.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<FONT face=serif size=2>
<P align=center><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moore</U></FONT></B></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
</FONT>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=1>Amending Insuring Agreements &#150; Counterfeit Currency Rider</FONT><BR>
<FONT face=serif size=1>For use with Financial Institution Bond, Standard Form No. 25</FONT><BR>
<FONT face=serif size=1>CE-17-02-5420 (Ed. 10-03)</FONT></TD></TR></TABLE></P>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_81"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>5</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left>
<TABLE>
<TR>
     <TD width=10>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=2>It is agreed that:</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The attached bond is amended:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>by deleting the final semicolon of the Trading Loss Exclusion, subsection (i) of Section 2, and</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>by adding the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>"if coverage is carried thereunder, nor shall it apply to Insuring Agreement (A) to the extent that the loss covered thereunder does not exceed the Single Loss Limit of Liability for Trading Loss Coverage as set forth on the Declarations Page or amendment thereto, it being understood, however, that such liability shall be a part of and not in addition to the Single Loss Limit of Liability stated in Item 4 of the Declarations of the bond or amendment thereof."</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<FONT face=serif size=2>
<P align=center><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moore</U></FONT></B></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
</FONT>
<P align=left><FONT face=sans-serif size=1>TRADING LOSS RIDER</FONT></P>
<P align=left><FONT face=sans-serif size=1>FOR USE WITH FINANCIAL INSTITUTION BONDS, STANDARD FORMS NOS. 15, 24 AND 25 TO ADD FULL OR PARTIAL AMOUNT OF COVERAGE UNDER INSURING AGREEMENT (A) WITH RESPECT TO TRADING LOSSES.</FONT></P>
<P align=left><FONT face=sans-serif size=1>REVISED TO FEBRUARY, 1995 SR 6027f</FONT></P>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_82"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>6</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that:</FONT></P>
<P align=left><FONT face=serif size=2>1. The attached bond is amended by inserting an additional Insuring Agreement as follows:</FONT></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><FONT face=serif size=2>FRAUDULENT MORTGAGES</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>H.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Loss resulting directly from the Insured's having, in good faith and in the course of business in connection with any Loan, accepted or received or acted upon the faith of any real property mortgages, real property deeds of trust or like instruments pertaining to realty or assignments of such mortgages, deeds of trust or instruments which prove to have been defective by reason of the signature thereon of any person having been obtained through trick, artifice, fraud or false pretenses or the signature on the recorded deed conveying such real property to the mortgagor or grantor of such mortgage or deed of trust having been obtained by or on behalf of such mortgagor or grantor through trick, artifice, fraud or false pretenses."</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The Loan Exclusion Clause, Section 2(e), shall not apply to the Insuring Agreement set forth in paragraph 1 of this rider.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The Single Loss Limit of Liability for the Fraudulent Mortgages Insuring Agreement is limited to the amount shown on the Declarations Page, or amendment thereto.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>4.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<FONT face=serif size=2>
<P align=center><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moore</U></FONT></B></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
</FONT>
<P align=left>
<TABLE>
<TR>
     <TD width=10>&nbsp;</TD>
     <TD noWrap><FONT face=sans-serif size=1>FRAUDULENT MORTGAGES INSURING AGREEMENT</FONT><BR>
<FONT face=sans-serif size=1>FOR USE WITH FINANCIAL INSTITUTION BOND, STANDARD FORM NO. 24,</FONT><BR>
<FONT face=sans-serif size=1>"DISCOVERY" FORM, TO ADD AN INSURING AGREEMENT COVERING REAL</FONT><BR>
<FONT face=sans-serif size=1>PROPERTY MORTGAGES AND ASSIGNMENTS THEREOF WHICH ARE DEFECTIVE</FONT><BR>
<FONT face=sans-serif size=1>BY REASON OF FRAUD WITH RESPECT TO THE SIGNATURE ON SPECIFIED INSTRUMENTS.</FONT><BR>
<FONT face=sans-serif size=1>REVISED TO JUNE, 1990.</FONT><BR>
<FONT face=sans-serif size=1>SR 5609g</FONT></TD></TR></TABLE></P>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_83"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>7</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left>
<TABLE>
<TR>
     <TD width=8>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=2>It is agreed that the attached bond is amended as follows:</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>By adding the following Insuring Agreement:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>Audit and Claims Expense</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Reasonable expense incurred by the Insured for audits or examinations required by state, provincial or federal supervisory authorities to be conducted either by such authorities or by independent accountants as the result of loss sustained by the Insured in excess of the applicable Single Loss Deductible amount. This Insuring Agreement applies solely to losses covered under Insuring Agreement (A).</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Reasonable expense incurred by the Insured, solely for independent firms or individuals retained to determine the amount of loss, where:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>the loss is covered under the bond, and</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>the loss is in excess of the applicable Single Loss Deductible amount.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>Exclusion (o) of Section 2., Exclusions, does not apply to loss covered under this Insuring Agreement.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>This rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<FONT face=serif size=2>
<P align=center><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moore</U></FONT></B></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
</FONT>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif color=#000000 size=1>Audit and Claims Expense Rider</FONT><BR>
<FONT face=serif color=#000000 size=1>For use with all Surety Association Financial Institution Bonds</FONT><BR>
<FONT face=serif color=#000000 size=1>CE-17-02-2877 (Ed. 1-02)</FONT></TD></TR></TABLE></P>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_84"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>8</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed in respect to Manulife Bank of Canada only, the attached bond is amended as follows:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>By adding the following Insuring Agreement:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>I.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Stop Payment Order or Refusal To Pay Check</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Loss resulting directly from the Insured being legally liable to pay compensatory damages for:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>complying or failing to comply with notice from any customer of the Insured or any authorized representative of such customer, to stop payment on any check or draft made or drawn upon or against the Insured by such customer or by any authorized representative of such customer, or</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>refusing to pay any check or draft made or drawn upon or against the Insured by any customer of the Insured or by any authorized representative of such customer.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>By adding the following exclusions to Section 2., Exclusions:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(w)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>liability assumed by the Insured by agreement under any contract, unless such liability would have attached to the Insured even in the absence of such agreement,</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(x)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>loss arising out of:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>libel, slander, wrongful entry, eviction, defamation, false arrest, false imprisonment, malicious prosecution, assault or battery,</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>sickness, disease, physical bodily hard, mental or emotional distress or anguish, or death of any</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(3)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>discrimination.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The coverage under this rider shall be subject to the Single Loss Limit of Liability of $100,000 US and the Aggregate Limit of Liability of $500,000 US and subject to a Single Loss Deductible of $10,000 US. Any amount paid by the Underwriter under this rider shall be part of, and not in addition to, the amount set forth in Item 3. of the Declarations Page of the attached bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>4.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<FONT face=serif size=2>
<P align=center><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moore</U></FONT></B></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
</FONT>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=1>Stop Payment Rider</FONT><BR>
<FONT face=serif size=1>For use with Financial Institution Bond, Standard Form No. 25</FONT><BR>
<FONT face=serif size=1>CE-17-02-5413 (Ed. 09-03)</FONT></TD></TR></TABLE></P>
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<A name="page_85"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>9</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that:</FONT></P>
<P align=left><FONT face=serif size=2>The CONDITIONS AND LIMITATIONS, Section 6., VALUATION, subsection Securities, is deleted in its entirety and replaced with the following:</FONT></P>
<P align=left><FONT face=serif size=2>The Underwriter shall settle in kind its liability under this bond on account of a loss of any securities or, at the option of the Insured, shall pay to the Insured the cost of replacing such securities, determined by the market value thereof at the time of such settlement. In case of a loss of subscription, conversion, redemption privileges or deposit privileges through the misplacement or loss of securities;</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>while such security is in or upon any premises wherever situated, or</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>while such security is in transit anywhere in the custody of the person or persons acting as messenger, except while in the mail or with a carrier for hire, other than an armored motor vehicle company, for the purpose of transportation company,</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=serif size=2>the amount of such loss shall be the value of privileges immediately preceding the expiration thereof. If such securities cannot be replaced or have no quoted market value, or if such privileges have no quoted market value, their value shall be determined by agreement or arbitration.</FONT></P>
<P align=left><FONT face=serif size=2>If the applicable coverage of this bond is subject to a Deductible Amount and/or is not sufficient in amount to indemnify the Insured in full for the loss of securities for which claim is made hereunder, the liability of the Underwriter under this bond is limited to the payment for, or the duplication of, so much of such securities as has a value equal to the amount of such applicable coverage.</FONT></P>
<P align=left><FONT face=serif size=2>This rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT></P>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<FONT face=serif size=2>
<P align=center><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moore</U></FONT></B></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
</FONT>
<P align=left>
<TABLE>
<TR>
     <TD width=5>&nbsp;</TD>
     <TD noWrap><FONT face=serif color=#000000 size=1>Securities Valuation Rider</FONT><BR>
<FONT face=serif color=#000000 size=1>For use with all Surety Association Financial Institution Bonds</FONT><BR>
<FONT face=serif color=#000000 size=1>CE-17-02-6054 (Ed. 03-04)</FONT></TD></TR></TABLE></P>
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<A name="page_86"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>10</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Each &#147;administrative agent or third-party agent or self-administrative group&#148; herein called third-party administrator shall, while performing services for the Insured, be deemed to be an Employee as defined in the attached Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>Each such third-party administrator, and the partners, officers and Employees for all the purposes of the attached Bond, subject to a Single Loss Limit of Liability of $10,000,000 US. and a $50,000,000 US. Aggregate Limit and a Single Loss Deductible of $10,000,000 US., it being understood however, that such liability shall be part of and not in addition to the Single Loss Limit of Liability as stated in the Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>If said &#147;third-party administrator&#148; carries or holds any other insurance or other indemnity covering any loss or losses covered under this Bond, the Underwriter shall be liable hereunder only for that part of such loss or losses which is in excess of the amount recoverable or recovered from such other insurance or indemnity. In no event shall the Underwriter be liable for more than the Single Loss Limit of Liability indicated in Paragraph 1 above applicable to such loss or losses; subject, nevertheless, to Section 4 of this bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The coverage of the attached bond shall not apply to any person, who is a partner, officer or employee of any third- party administrator covered under such Bond, from and after the time that the Insured or any partner or officer thereof not in collusion with such person shall have knowledge or information that such person has committed any dishonest act, whether such act be committed before or after the time the attached Bond is effective.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>4.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The attached bond as amended by this rider does not afford coverage in favour of any third-party administrator as aforesaid, and upon payment to the Insured by the Underwriter on account of any loss through dishonest acts committed by any of the partners, officers or employees of such third-party administrator, whether acting alone or in collusion with others, an assignment of such of the Insured&#146;s rights and causes of action as it may have against such third-party administrator, by reason of such acts so committed shall, to the extent of such payment, be given by the Insured to the Underwriter, and the Insured shall execute all papers necessary to secure to the Underwriter the rights herein provided for.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>5.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<FONT face=serif size=2>
<P align=center><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moore</U></FONT></B></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
</FONT>
<P align=left>
<TABLE>
<TR>
     <TD width=5>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=1>Third-Party Administrator Rider</FONT><BR>
<FONT face=serif size=1>For use with Manulife Financial Corporation</FONT><BR>
<FONT face=serif size=1>FI 25 Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT><BR>
<FONT face=serif size=1>CE-17-02-5422Q (Ed. 10-03)</FONT></TD></TR></TABLE></P>
<HR align=center width="100%" noShade SIZE=2>

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<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>11</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that :</FONT></P>
<P><FONT face=serif size=2>1. The attached bond is amended by adding to the definition of Employee in Section 1., Definitions, the following:</FONT></P>
<P><FONT face=serif size=2>(6) retired employees who are hired back on a contract basis while performing duties which come into the scope of those normal to an employee and whom the Insured has the right to govern and direct in the performance of such service;</FONT></P>
<P><FONT face=serif size=2>(7) a consultant retained by the Insured and an employee of such consultant while either is performing consulting services for the Insured pursuant to a written contract.</FONT></P>
<P><FONT face=serif size=2>(8) a natural person who resigns, retires or is terminated from the service of the Insured during the Bond Period provided that this applies: i) for a period of ninety (90) days subsequent to such resignation, retirement or termination but not beyond the date of expiration or termination of the bond; and ii) if such resignation, retirement or termination has not arisen from or in connection with the discovery by the Insured of any actual or alleged dishonest, fraudulent or criminal act(s) of such person.</FONT></P>
<P><FONT face=serif size=2>(9) a trustee of the Insured while on leave of absence approved by the Insured but only for loss resulting directly from acts committed by such trustee within the scope of the customary and usual duties of any officer or other employee of the Insured or while acting as a member of any committee duly elected or appointed to examine or audit or have custody of or access to Property of the Insured.</FONT></P>
<P><FONT face=serif size=2>(10) any Employee on a leave of absence approved by the Insured.</FONT></P>
<P align=left><FONT face=serif size=2>2. This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT></P>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<FONT face=serif size=2>
<P align=center><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moore</U></FONT></B></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
</FONT>
<P align=left>
<TABLE>
<TR>
     <TD width=4>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=1>Amendment To Employee Definition Rider</FONT><BR>
<FONT face=serif size=1>For Use With Financial Institution Bond, Standard Form No. 25</FONT><BR>
<FONT face=serif size=1>CE-17-02-5409 (Ed. 09-03)</FONT></TD></TR></TABLE></P>
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<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>12</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that the attached bond covers loss sustained by ERISA Plans which are subject to the United States Employee Retirement Income Security Act (&#147;ERISA&#148;) of 1974 and any Non-ERISA Plans which shall be covered as if such plans were governed by such act, the following provisions apply:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>"Employee" as used in the attached bond shall include any natural person fiduciary, trustee, administrator or other plan official, while in the regular service of an ERISA Plan who is required to be bonded by Title I of the ERISA of 1974, as amended.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>ERISA Plan means any Employee Benefit Plan, Pension Benefit Plan or Welfare Benefit Plan, defined and required to be bonded under Title I of the ERISA of 1974, as amended, which is operated solely by an Insured or jointly by an Insured and a labor organization for the benefit of the Employees and which existed on or before the inception of this Bond or which is created or acquired after the inception of this Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Non-ERISA Plan means any employee benefit plan not subject to Title I of the ERISA of 1974, as amended, which is operated solely by an Insured or jointly by an Insured and a labor organization for the benefit of the Employees and which existed on or before the inception of this Bond or which is created or acquired after the inception of this Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>4.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>If the bond, in accordance with the agreements, limitations and conditions thereof, covers loss sustained by two or more Employee Welfare or Pension Benefit Plans or sustained by any such Plan in addition to loss sustained by an Insured other than such Plan, it is the obligation of the Insured or the Plan Administrator(s) of such Plans under regulations published by the United States Secretary of Labor implementing Section 13 of the Welfare and Pension Plans Disclosure Act of 1958 to obtain under one or more bonds issued by one or more Insurers an amount of coverage for each such Plan at least equal to that which would be required if such Plans were bonded separately.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>5.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>In compliance with the foregoing, payment by the Company in accordance with the agreements, limitations and conditions of the bond shall be held by the Insured, or if more than one by the Insured, first named, for the use and benefit of any Employee Welfare or Pension Benefit Plan sustaining loss so covered and to the extent that such payment is in excess of the amount of coverage required by such Regulations to be carried by said Plan sustaining such loss, such excess shall be held for the use and benefit of any other such Plan also covered in the event that such other Plan discovers that it has sustained loss covered thereunder.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>6.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>If money or other property of two or more Employee Welfare or Pension Benefit Plans covered under the bond is co-mingled, recovery for loss of such money or other property through fraudulent or dishonest acts of Employees shall be shared by such Plans on a pro rata basis in accordance with the amount for which each such Plan is required to carry bonding coverage in accordance with the applicable provisions of said regulations.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face=serif size=1>Erisa Rider (Manulife Financial Corporation)</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face=serif size=1>For use with Financial Institution Bond, Standard Form No. 25</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face=serif size=1>CE-17-02-7740Q (Ed. 09-06)</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="3%"><FONT face=serif size=1>Page </FONT><FONT face=serif size=2><FONT size=1>1</FONT> </FONT><FONT face=serif size=1>of 2</FONT> </TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>7.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>The Deductible Amount of this Bond applicable to loss sustained by an ERISA Plan or Non-ERISA Plan through acts committed by an Employee of the Plan shall be waived, but only up to an amount equal to the amount of coverage required to be carried by the Plan because of compliance with the provisions of the United States ERISA Act of 1974.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>8.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>This endorsement applies solely to loss first discovered by an Officer of the Insured:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>a.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>during the </FONT><U><FONT face=serif size=2>Bond </FONT></U><FONT face=serif size=2><U>Period</U>, or</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>b.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>within one year following termination of this Bond in its entirety (the &#147;One Year Discovery Period&#148;); provided that:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>i.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>such loss is sustained prior to such termination, and</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>ii.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>the One Year Discovery Period shall terminate immediately upon the effective date of any other insurance obtained by or for the Insured or any successor in interest, which replaces in whole or in part the coverage provided by this endorsement.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>9.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2></FONT><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moore</U></FONT></B></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face=serif size=1>Erisa Rider (Manulife Financial Corporation)</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face=serif size=1>For use with Financial Institution Bond, Standard Form No. 25</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="64%"><FONT face=serif size=1>CE-17-02-7740Q (Ed. 09-06)</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="3%"><FONT face=serif size=1>Page </FONT><FONT face=serif size=1>2 </FONT><FONT face=serif size=1>of 2</FONT> </TD></TR></TABLE><BR>
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<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>13</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The attached bond is amended by adding to the definition of Employee in Section 1.(e)(2), Definitions, the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>i)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Each &#147;Barrister, Solicitor, Attorney or Notary Public&#148; herein called &#147;attorney&#148; shall, while performing services for the Insured, be deemed to be an Employee. Each such attorney, and the partners, officers and employees of such attorney shall, collectively, be deemed to be one Employee for all the purposes of the attached Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>ii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>If said &#147;attorney&#148; carries or holds any other insurance or other indemnity covering any loss or losses covered under this Bond, the Underwriter shall be liable hereunder only for that part of such loss or losses which is in excess of the amount recoverable or recovered from such other insurance or indemnity. In no event shall the Underwriter be liable for more than the Single Loss Limit of Liability indicated in Item 4 of the Declarations applicable to such loss or losses; subject, nevertheless, to Section 4 of this Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>iii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The coverage of the attached bond shall not apply to any person, who is a partner, officer or employee of any Attorney covered under such Bond, from and after the time that the Insured or any partner or officer thereof not in collusion with such person shall have knowledge of information that such person has committed any dishonest act, whether such act be committed before or after the time the attached Bond is effective.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>iv)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The attached bond as amended by this rider does not afford coverage in favour of any Attorney, as aforesaid, and upon payment to the Insured by the Underwriter on account of any loss through dishonest acts committed by any of the partners, officers or employees of such Attorney, whether acting alone or in collusion with others, an assignment of such of the Insured&#146;s rights and causes of action as it may have against such Attorney by reason of such acts so committed shall, to the extent of such payment, be given by the Insured to the Underwriter, and the Insured shall execute all papers necessary to secure to the Underwriter the rights herein provided for.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2></FONT><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moore</U></FONT></B></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=8>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=1>Definition Of Employee - Attorney Rider</FONT><BR>
<FONT face=serif size=1>For use with Financial Institution Bond, Standard Form No. 25</FONT><BR>
<FONT face=serif size=1>CE-17-02-5412 (Ed. 09-03)</FONT></TD></TR></TABLE></P>
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<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>14</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It agreed that:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The attached bond is amended by deleting paragraph (a) of Section 5., Notice/Proof-Legal Proceedings Against Underwriter, in its entirety and substituting the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>At the earliest practical moment, not to exceed 90 days, after discovery of loss in excess of 50% of the deductible amount, the Insured shall give the Underwriter notice thereof.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2></FONT><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<P align=left><FONT face=serif size=1>Amendment to Notice/Proof-Legal Proceedings Against Underwriter Rider</FONT></P>
<P align=left><FONT face=serif size=1>For use with Surety Association Financial Institution Bonds, Standard Form No. 14, 24 &amp; 25 CE-17-02-5702 (Ed. 10-03)</FONT></P>
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<A name="page_92"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>15</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that in respect to Manulife Bank of Canada only, the attached bond is amended by:</FONT></P>
<P align=left><FONT face=serif size=2>1. Adding the following INSURING AGREEMENT:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=top>
     <TD width="5%">
<P><FONT face=serif size=2>(F)</FONT></P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="92%" colSpan=3>
<P><FONT face=serif size=2>Loss of checks or drafts contained in a Cash Letter which have been accepted by the Insured for deposit, payment, or collection resulting directly from robbery, common law or statutory larceny, misplacement, mysterious unexplainable disappearance, or damage to or destruction of, the Cash Letter while in transit from any office of the Insured to any other premise in the United States of America or Canada.</FONT></P>
<P><FONT face=serif size=2>Coverage under this INSURING AGREEMENT begins immediately after the Cash Letter leaves the premises of the Insured and ends immediately on delivery to the premises of the addressee or to any representative of the addressee located in the United States of America or Canada.</FONT></P>
<P><FONT face=serif size=2>Loss shall be limited to Extra Expense incurred by the Insured in identifying the depositors of such lost checks or drafts and in assisting such depositors in obtaining duplicates thereof.</FONT></P>
<P><FONT face=serif size=2>The following conditions are precedent to coverage under this INSURING AGREEMENT:</FONT></P>
<P><FONT face=serif size=2>The Insured shall have made:</FONT></P>
</TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=serif size=2>1)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="86%"><FONT face=serif size=2>a record of the name of the issuer, drawer or maker of each such check or draft and a record of the name of</FONT> </TD></TR>
<TR>
     <TD noWrap align=left width="5%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="4%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="86%">
<P><FONT face=serif size=2>the person presenting each such check or draft with all other descriptive data necessary for the purpose of reconstruction, or</FONT></P>
</TD></TR>
<TR vAlign=top>
     <TD width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="92%" colSpan=3>
<P><FONT face=serif size=2></FONT>&nbsp;</P>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=serif size=2>2)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="86%"><FONT face=serif size=2>a film record of each check or draft in its entirety, and</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=serif size=2>3)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="86%"><FONT face=serif size=2>all reasonable efforts to exercise its rights to the fullest extent under the terms of any deposit agreement</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp;</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="86%"><FONT face=serif size=2>with any customer to charge back items to a customer.</FONT> </TD></TR></TABLE><BR>
<P align=left>
<TABLE>
<TR>
     <TD width=46>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=2>The Insured, however, shall not be deprived of coverage under this INSURING AGREEMENT if such film</FONT><BR>
<FONT face=serif size=2>records are unavailable due to the failure of the film record equipment to record such check or draft, or due to</FONT><BR>
<FONT face=serif size=2>the unintended destruction of the film record after it has been made, and such failure or destruction was</FONT><BR>
<FONT face=serif size=2>unknown at the time the check or draft was placed in the Cash Letter.</FONT><BR>
<BR>
<FONT face=serif size=2>The coverage under this rider shall be subject to the Single Loss Limit of Liability of $250,000 US and the</FONT><BR>
<FONT face=serif size=2>Aggregate Limit of Liability of $250,000 US and subject to a Single Loss Deductible of $10,000,000 US. Any</FONT><BR>
<FONT face=serif size=2>amount paid by the Underwriter under this rider shall be part of, and not in addition to, the amount set forth in</FONT><BR>
<FONT face=serif size=2>Item 3. of the Declarations Page of the attached bond.</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="66%"><FONT face=serif size=1>Cash Letter Rider</FONT> </TD>
     <TD width="30%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="66%"><FONT face=serif size=1>For use with Financial Institution Bond, Standard Form No. 25</FONT> </TD>
     <TD width="30%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="66%"><FONT face=serif size=1>CE-17-02-5411 (Ed. 09-03)</FONT> </TD>
     <TD width="30%">&nbsp; </TD>
     <TD noWrap align=left width="3%"><FONT face=serif size=1>Page 1 of 2</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_93"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Adding the following definitions to Section 1., Definitions:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(r)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Cash Letter means any letter or package dispatched by the Insured itemizing by separate amounts all checks or drafts enclosed within it which have been accepted by the Insured for deposit, payment, collection or encashment.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(s)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Extra Expense means wages paid to temporary employees or overtime wages paid to regular Employees engaged in identifying the depositors of lost checks or drafts and assisting depositors in obtaining duplicates thereof.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Adding the following to Section 5. NOTICE/PROOF &#150;LEGAL PROCEEDINGS AGAINST UNDERWRITER:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(g)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Proof of loss involving a Cash Letter shall include a record or film record of such checks or drafts contained in the Cash Letter.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>4.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2></FONT><U><B><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="66%"><FONT face=serif size=1>Cash Letter Rider</FONT> </TD>
     <TD width="31%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="66%"><FONT face=serif size=1>For use with Financial Institution Bond, Standard Form No. 25</FONT> </TD>
     <TD width="31%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="66%"><FONT face=serif size=1>CE-17-02-5411 (Ed. 09-03)</FONT> </TD>
     <TD width="31%">&nbsp; </TD>
     <TD noWrap align=left width="3%"><FONT face=serif size=1>Page 2 of 2</FONT> </TD></TR></TABLE><BR>
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<A name="page_94"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>16</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that the attached bond is amended as follows:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=4><FONT face=serif size=2>By deleting in its entirety General Agreement A., ADDITIONAL OFFICES OR EMPLOYEES&#150; CONSOLIDATION, MERGER OR PURCHASE OF ASSETS&#150;NOTICE, and substituting the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=4><FONT face=serif size=2>ADDITIONAL OFFICES OR EMPLOYEES&#150;CONSOLIDATION, MERGER OR PURCHASE OF ASSETS&#150; NOTICE</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>A.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>If the Insured shall, while this bond is in force, establish any additional offices, other than by consolidation or merger with, or purchase or acquisition of assets or liabilities of, another institution, such offices shall be automatically covered hereunder from the date of such establishment without the requirement of notice to the Underwriter or the payment of additional premium for the remainder of the premium period.</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>If the Insured shall, while this bond is in force, consolidate or merge with, or purchase or acquire assets or liabilities of, another institution, the Insured shall not have such coverage as is afforded under this bond for loss which:</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>has occurred or will occur in offices or premises, or</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>has been caused or will be caused by an employee or employees of such institution, or</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(c)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>has arisen or will arise out of the assets or liabilities,</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>acquired by the Insured as a result of such consolidation, merger or purchase or acquisition of assets or liabilities unless the Insured shall</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>give the Underwriter 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</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(ii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>obtain the written consent of the Underwriter to extend the coverage provided by this bond to such additional offices or premises, Employees and other exposures, and</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(iii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>upon obtaining such consent, pay to the Underwriter an additional premium.</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=serif size=2>Notwithstanding anything stated above to the contrary, the Underwriter hereby agrees to provide coverage which shall be effective on the date of acquisition under this bond for those acquired institutions in which the Insured owns greater than fifty percent (50%) of the voting stock or voting rights either directly or through one or more of its subsidiaries for the remainder of the Bond Period, with no additional premium, provided the acquired institution meets all of the following conditions:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="66%"><FONT face=serif size=1>Automatic Acquisition Percentage Threshold Rider</FONT> </TD>
     <TD width="31%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="66%"><FONT face=serif size=1>For use with all Surety Association Financial Institution Bonds</FONT> </TD>
     <TD width="31%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="66%"><FONT face=serif size=1>Form 17-02-2880 (Ed. 1-02)</FONT> </TD>
     <TD width="31%">&nbsp; </TD>
     <TD noWrap align=left width="3%"><FONT face=serif size=1>Page 1 of 2</FONT> </TD></TR></TABLE><BR>
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<A name="page_95"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>the assets shall not exceed $2,500,000,000, US</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>there shall be neither any paid nor pending bond claim for the three (3) year period prior to the date of acquisition, and</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(3)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>the Insured is not aware of any disciplinary action or proceeding by state, provincial or federal officials involving the acquired institution as of the date of acquisition.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=serif size=2>The Underwriter further agrees that as respects any acquisition that involves a state, provincial or federal regulatory assisted acquisition or assumption of assets and/or liabilities, coverage shall be provided under this bond for the remainder of the Bond Period as long as conditions (1) and (2) above are met. As respects such acquisition or assumption of assets and/or liabilities, coverage applies only to a Single Loss fully sustained by the Insured on or after the date of such acquisition or assumption. All of the circumstances, conditions or acts causing or contributing to a Single Loss must occur on or after the date of such acquisition or assumption for coverage to apply, regardless of the time such loss is discovered by the Insured.</FONT></P>
<P align=left><FONT face=serif size=2>2. This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT></P>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2></FONT><U><B><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="66%"><FONT face=serif size=1>Automatic Acquisition Percentage Threshold Rider</FONT> </TD>
     <TD width="31%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="66%"><FONT face=serif size=1>For use with all Surety Association Financial Institution Bonds</FONT> </TD>
     <TD width="31%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="66%"><FONT face=serif size=1>Form 17-02-2880 (Ed. 1-02)</FONT> </TD>
     <TD width="31%">&nbsp; </TD>
     <TD noWrap align=left width="3%"><FONT face=serif size=1>Page 2 of 2</FONT> </TD></TR></TABLE><BR>
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<A name="page_96"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>17</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The attached bond is amended by deleting </FONT><B><FONT face=serif size=2>GENERAL AGREEMENTS </FONT></B><FONT face=serif size=2>Section E., NOTICE OF LEGAL PROCEEDINGS AGAINST INSURED&#151;ELECTION TO DEFEND, in its entirety and substituting the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>NOTICE OF LEGAL PROCEEDINGS AGAINST INSURED - ELECTION TO DEFEND</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>E.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The Internal Audit; Corporate Law Department; or Insurance Risk Management of the Insured shall notify the Underwriter at the earliest practicable moment, not to exceed 30 days after notice thereof, of any legal proceeding brought to determine the Insured's liability for any loss, claim or damage, which, if established, would constitute a collectible loss under this bond. Concurrently, the Insured shall furnish copies of all pleadings and pertinent papers to the Underwriter.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>The Underwriter, at its sole option, may elect to conduct the defense of such legal proceeding, in whole or in part. The defense by the Underwriter shall be in the Insured's name through attorneys selected by the Underwriter. The Insured shall provide all reasonable information and assistance required by the Underwriter for such defense.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>If the Underwriter elects to defend the Insured, in whole or in part, any judgment against the Insured on those counts or causes of action which the Underwriter defended on behalf of the Insured or any settlement in which the Underwriter participates and all attorneys' fees, costs and expenses incurred by the Underwriter in the defense of the litigation shall be a loss covered by this bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>If the Insured does not give the notices required in subsection (a) of Section 5 of this bond and as further amended by this rider and in the first paragraph of this General Agreement, or if the Underwriter elects not to defend any causes of action, neither a judgment against the Insured, nor a settlement of any legal proceeding by the Insured, shall determine the existence, extent or amount of coverage under this bond for loss sustained by the Insured, and the Underwriter shall not be liable for any attorneys' fees, costs and expenses incurred by the Insured.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>With respect to this General Agreement, subsections (b) and (d) of Section 5 of this bond apply upon the entry of such judgment or the occurrence of such settlement instead of upon discovery of loss. In addition, the Insured must notify the Underwriter within 30 days after such judgment is entered against it or after the Insured settles such legal proceeding, and, subject to subsection (e) of Section 5, the Insured may not bring legal proceedings for the recovery of such loss after the expiration of 24 months from the date of such final judgment or settlement.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Amendment to Notice, Proof and Discovery Rider</FONT> </TD>
     <TD width="31%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>For use with Manulife Financial Corporation</FONT> </TD>
     <TD width="31%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>FI 25 Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="31%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>CE-17-02-5419Q (Ed. 10-03)</FONT> </TD>
     <TD width="31%">&nbsp; </TD>
     <TD noWrap align=left width="3%"><FONT face=serif size=1>Page 1 of 3</FONT> </TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The attached bond is amended by deleting Section 3., DISCOVERY, in its entirety and substituting the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Section 3.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>This bond applies to loss discovered by the Internal Audit; Corporate Law Department; or Insurance Risk Management of the Insured during the Bond Period. Discovery occurs when the Internal Audit; Corporate Law Department; or Insurance Risk Management of the Insured first becomes aware of facts which would cause a reasonable person to assume that a loss of a type covered by this bond has been or will be incurred, regardless of when the act or acts causing or contributing to such loss occurred, even though the exact amount or details of loss may not then be known.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Discovery also occurs when Internal Audit; Corporate Law Department; or Insurance Risk Management of the Insured receives notice of an actual or potential claim in which it is alleged that the Insured is liable to a third party under circumstances which, if true, would constitute a loss under this bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The attached bond is amended by deleting Section 5., NOTICE/PROOF&#151;LEGAL PROCEEDINGS AGAINST UNDERWRITER, in its entirety and substituting the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>NOTICE/PROOF -- LEGAL PROCEEDINGS AGAINST UNDERWRITER</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Section 5.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>At the earliest practicable moment, not to exceed 30 days, after discovery of loss, the Internal Audit; Corporate Law Department; or Insurance Risk Management of the Insured shall give the Underwriter notice thereof.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Within 6 months after such discovery, the Insured shall furnish to the Underwriter proof of loss, duly sworn to, with full particulars.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(c)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Lost Certificated Securities listed in a proof of loss shall be identified by certificate or bond numbers if such securities were issued therewith.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(d)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Legal proceedings for the recovery of any loss hereunder shall not be brought prior to the expiration of 60 days after the original proof of loss is filed with the Underwriter or after the expiration of 24 months from the discovery of such loss.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(e)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>If any limitation embodied in this bond is prohibited by any law controlling the construction hereof, such limitation shall be deemed to be amended so as to equal the minimum period of limitation provided by such law.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(f)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>This bond affords coverage only in favour of the Insured. No suit, action or legal proceedings shall be brought hereunder by any one other than the named Insured.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>4.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The attached bond is amended by deleting Section 12., TERMINATION OF CANCELLATION, in its entirety and substituting the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Section 12.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>This bond terminates as an entirety upon occurrence of any of the following: - (a) 90 days after the receipt by the Internal Audit; Corporate Law Department; or Insurance Risk Management of the Insured of a written notice from the Underwriter of its desire to cancel this bond, or (b) immediately upon the receipt by the Underwriter of a written notice from the Insured of its desire to cancel this bond, or (c) immediately upon the taking over of the Insured by a receiver or other liquidator or by State or Federal officials, or (d) immediately upon the taking over of the Insured by another institution, or (e) immediately upon exhaustion of the Aggregate Limit of Liability, or (f) immediately upon expiration of the Bond Period as set forth in Item 2 of the Declarations.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Amendment to Notice, Proof and Discovery Rider</FONT> </TD>
     <TD width="31%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>For use with Manulife Financial Corporation</FONT> </TD>
     <TD width="31%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>FI 25 Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="31%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>CE-17-02-5419Q (Ed. 10-03)</FONT> </TD>
     <TD width="31%">&nbsp; </TD>
     <TD noWrap align=left width="3%"><FONT face=serif size=1>Page 2 of 3</FONT> </TD></TR></TABLE><BR>
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<P align=left><FONT face=serif size=2>This bond terminates as to any Employee or any partner, officer or employee of any Processor &#150; (a) as soon as any Insured, or any director or officer not in collusion with such person, learns of any dishonest or fraudulent act committed by such person at any time, whether in the employment of the Insured or otherwise, whether or not of the type covered under Insuring Agreement (A), against the Insured or any other person or entity, without prejudice to the loss of any Property then in transit in the custody of such person, or (b) 15 days after the receipt by the Internal Audit; Corporate Law Department; or Insurance Risk Management of the Insured of a written notice from the Underwriter of its desire to cancel this bond as to such person.</FONT></P>
<P align=left><FONT face=serif size=2>Termination of the bond as to any Insured terminates liability for any loss sustained by such Insured which is discovered after the effective date of such termination.</FONT></P>
<P align=left><FONT face=serif size=2>5. This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT></P>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2></FONT><B><U><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></U></B><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="45%"><FONT face=serif size=1>Amendment to Notice, Proof and Discovery Rider</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%"></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="45%"><FONT face=serif size=1>For use with Manulife Financial Corporation</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%"></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="45%"><FONT face=serif size=1>FI 25 Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%"></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="45%"><FONT face=serif size=1>CE-17-02-5419Q (Ed. 10-03)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%"></TD>
     <TD width="2%">&nbsp;</TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=1>Page 3 of 3</FONT> </TD></TR></TABLE><BR>
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<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>18</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that the attached bond is amended as follows:</FONT></P>
<P align=left><FONT face=serif size=2>1. By deleting Insuring Agreement E, Securities, in its entirety and substituting the following: "Securities</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(E)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>Loss resulting directly from the Insured having, in good faith, for its own account or the account of others,</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>acquired, sold or delivered, or given value, extended credit or assumed liability, in reliance upon any original:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Certificated Security,</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>deed, mortgage or other instrument conveying title to, or creating or discharging a lien upon, real property,</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(c)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Document of Title,</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(d)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Certificate of Origin or Title,</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(e)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Letter of Credit</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(f)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Evidence of Debt,</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(g)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>corporate, partnership or personal Guarantee,</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(h)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Security Agreement,</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>written Instruction</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>which</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>i) bears a Forgery, or ii) is fraudulently materially altered, or iii) is lost or stolen;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>guaranteed in writing or witnessed any signature upon any transfer, assignment, bill of sale, power of attorney, Guarantee, rider or any items listed in (a) through (i) above;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(3)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>acquired, sold or delivered, or given value, extended credit or assumed liability, on the faith of any item listed in (a) or (b) above which is a Counterfeit.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=top>
     <TD width="69%">
<P><FONT face=serif size=1>Amendment To Uncertificated Securities Rider (For Banking Ops Only) For use with Financial Institution Bond, Standard Form No. 25</FONT></P>
<P><FONT face=serif size=1>CE-17-02-5415 (Ed. 09-03)</FONT></P>
</TD>
     <TD width="12%">&nbsp; </TD>
     <TD width="8%">
<P><FONT face=serif size=1>Page 1 of 2</FONT></P>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>Actual physical possession of the items listed in (a) through (g) above by the Insured or its correspondent ban or other authorized representative is a condition precedent to the Insured's having relied on the faith of such items.</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>A reproduction of a handwritten signature is treated the same as the handwritten signature. An electronic or digital signature is not treated as a reproduction of a handwritten signature.</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=4><FONT face=serif size=2>By deleting Exclusion (s) in its entirety from Section 2., Exclusions, and substituting the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=4><FONT face=serif size=2>"(s) loss involving any Uncertificated Security except when covered under Insuring Agreements (A) or (E)."</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=4><FONT face=serif size=2>Section 1., Definitions, is amended as follows:</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>By deleting the Definition of Property in its entirety and substituting the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(m)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Property means Money, Certificated Securities, Statement of Uncertificated Security of any Federal Reserve Bank of the United States, Initial Transaction Statement, Negotiable Instruments, non-negotiable instruments, Certificates of Deposit, Document of Title, Acceptances, Evidences of Debt, Security Agreements, Withdrawal Orders, Certificate of Origin, Letters of Credit, abstracts of title, deeds and mortgages on real estate, revenue and other stamps, books of account and other records whether recorded in writing or electronically, and tangible items of personal property which are not hereinbefore enumerated.</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>By adding the following definition:</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(u)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Initial Transaction Statement means the first written statement signed by or on behalf of the issuer of an Uncertificated Security sent to the registered owner or registered pledgee containing:</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>a description of the issue of which the Uncertificated Security is a part, and</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>the number of shares or units transferred to the registered owner, pledged by the registered owner to the registered pledgee, or released from pledge by the registered pledgee, and</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(3)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>the name, address and taxpayer identification number, if any, of the registered owner and registered pledgee, and</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(4)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>the date the transfer pledge or release was registered.</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(v)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Certificate of Origin or Title means a document issued by a manufacturer of personal property or a governmental agency evidencing the ownership of the personal property and by which ownership is transferred.</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(aa)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Document of Title means a bill of lading, dock warrant, dock receipt, warehouse receipt or order for delivery of goods, and any other document which in the regular course of business or financing is treated as adequately evidencing that the person in possession of it is entitled to receive, hold and dispose of the document and the goods it covers, and must purport to be issued by or addressed to a bailee and purport to cover goods in the bailee's possession which are either identified or are fungible portions of an identified mass.</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>4.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=4><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=5>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2></FONT><U><B><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2>April 18, 2008</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="69%"><FONT face=serif size=1>Amendment To Uncertificated Securities Rider (For Banking Ops Only)</FONT> </TD>
     <TD width="30%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="69%"><FONT face=serif size=1>For use with Financial Institution Bond, Standard Form No. 25</FONT> </TD>
     <TD width="30%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="69%"><FONT face=serif size=1>CE-17-02-5415 (Ed. 09-03)</FONT> </TD>
     <TD width="30%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=serif size=1>Page 2 of 2</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_101"></A>
<P align=center><FONT face=serif size=2>Date</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="69%"><FONT face=serif size=1>Amendment To Uncertificated Securities Rider (For Banking Ops Only)</FONT> </TD>
     <TD width="30%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="69%"><FONT face=serif size=1>For use with Financial Institution Bond, Standard Form No. 25</FONT> </TD>
     <TD width="30%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="69%"><FONT face=serif size=1>CE-17-02-5415 (Ed. 09-03)</FONT> </TD>
     <TD width="30%">&nbsp; </TD>
     <TD noWrap align=left width="8%"><FONT face=serif size=1>Page 2 of 2</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_102"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>19</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that:</FONT></P>
<P align=left><FONT face=serif size=2>1. The attached bond is amended by adding the following to Insuring Agreement (B), ON PREMISES:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif size=2>(B)(3)</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=2>Loss of Certificated Securities and Uncertificated Securities held by any depository institution utilized by the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=2>Insured resulting directly from:</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=2>(a) robbery, burglary, misplacement, mysterious unexplainable disappearance and damage thereto or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>destruction thereof, or</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=2>(b) common-law or statutory larceny, committed by a person present in an office of the Insured; covered</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>under this bond,</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=2>while such Certificated Securities and Uncertificated Securities are lodged or deposited within the premises of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=2>any depository institution utilized by the Insured. Loss hereunder shall only be to the extent of the Insured&#146;s</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=2>interest in such Certificated Securities and Uncertificated Securities as effected by the making of appropriate</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=2>entries on the books and records such depository institution.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=2>In the event the Underwriter indemnifies the Insured for a covered loss hereunder, the Insured will assign its</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=2>rights and causes of action against such depository institution or any other entity or person against whom it has a</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=2>cause of action, to the extent of the claim payment, to the Underwriter. The Underwriter hereby acknowledges</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=2>that the Insured has released the Canadian Depository for Securities from liability for property in their care,</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=2>custody and control in excess of the insurance coverage purchased by the Canadian Depository for Securities.</FONT> </TD></TR>
<TR>
     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=2>If the rules of such depository provide that the Insured shall be assessed for a portion of the judgment (or agreed</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=2>settlement) taken by the Underwriter based upon the assignment set forth in paragraph above and the Insured</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=2>actually pays such assessment, then the Underwriter will reimburse the Insured for the amount of the assessment</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="91%"><FONT face=serif size=2>but not exceeding the amount of the loss payment by the Underwriter.</FONT> </TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="73%"><FONT face=serif size=1>Central Handling of Depositories Rider</FONT> </TD>
     <TD width="22%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="73%"><FONT face=serif size=1>For use with Manulife Financial Corporation Financial Institution Bond 81520012</FONT> </TD>
     <TD width="22%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="73%"><FONT face=serif size=1>CE-17-02-5715Q (Ed. 11-03)</FONT> </TD>
     <TD width="22%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=serif size=1>Page 1 of 2</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_103"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Section 2., EXCLUSIONS, Subsection (r) is deleted in its entirety and replaced with the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(r)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>loss resulting directly or indirectly from the failure of a financial or depository institution, or its receiver or liquidator, to pay or deliver, on demand of the Insured, funds or Property of the Insured held by it in any capacity, except when covered under Insuring Agreement (A), (B)(1)(a) or (B)(3)(a);</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2></FONT><U><B><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="73%"><FONT face=serif size=1>Central Handling of Depositories Rider</FONT> </TD>
     <TD width="21%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="73%"><FONT face=serif size=1>For use with Manulife Financial Corporation Financial Institution Bond 81520012</FONT> </TD>
     <TD width="21%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="73%"><FONT face=serif size=1>CE-17-02-5715Q (Ed. 11-03)</FONT> </TD>
     <TD width="21%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=serif size=1>Page 2 of 2</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_104"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>20</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that :</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Section 11. DEDUCTIBLE AMOUNT of the attached bond is deleted in its entirety and replaced with the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>DEDUCTIBLE AMOUNT</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=top>
     <TD width="12%">
<P><FONT face=serif size=2>Section 11.</FONT></P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="85%">
<P><FONT face=serif size=2>The Underwriter shall be liable hereunder only for the amount by which any single loss, as defined in Section 4, exceeds the Single Loss Deductible amount for the Insuring Agreement or Coverage applicable to such loss, subject to the Aggregate Limit of Liability and the applicable Single Loss Limit of Liability; however, this paragraph shall not apply under Insuring Agreement B to any loss consisting solely of Property replaceable by issuance of a Lost Instrument Bond or Bonds</FONT></P>
<P><FONT face=serif size=2>With respect to loss consisting solely of Property replaceable by the issuance of a Lost Instrument Bond or Bonds as covered under Insuring Agreement B:</FONT></P>
</TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>A.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>the Underwriter shall be obligated to furnish the lost instrument bonds, undertakings or indemnities necessary to replace such Property lost; and</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>B.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>the Insured shall:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>fully indemnify the Underwriter for all losses and expenses incurred as a result of the issuance of such bonds, undertakings, or indemnities; and</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(ii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>pay a premium of 2% of such loss; however the premium shall not be less than $50.00 US.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=serif size=2>The Insured shall, in the time and in the manner prescribed in this bond, give the Underwriter notice of any loss of the kind covered by the terms of this bond, whether or not the Underwriter is liable therefor, and upon the request of the Underwriter shall file with it a brief statement giving the particulars concerning such loss.</FONT></P>
<P align=left><FONT face=serif size=2>2. This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT></P>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif></FONT><FONT size=2><U><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></U></FONT><BR>
<FONT face=serif size=2><B>President</B></FONT></P>
<P align=left><FONT face=serif size=1>Amendment To Deductible Amount Rider</FONT><BR>
<FONT face=serif size=1>For Use With Financial Institution Bond, Standard Form No. 25</FONT><BR>
<FONT face=serif size=1>CE-17-02-5703 (Ed. 10-03)</FONT></P>
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<A name="page_105"></A>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=1>Amendment To Deductible Amount Rider</FONT><BR>
<FONT face=serif size=1>For Use With Financial Institution Bond, Standard Form No. 25</FONT><BR>
<FONT face=serif size=1>CE-17-02-5703 (Ed. 10-03)</FONT></TD></TR></TABLE></P>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_106"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>21</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>With respect to any Employee as to whom this bond is terminated or cancelled as a result of the Insured learning of a dishonest or fraudulent act, Underwriters agree to fully reinstate coverage automatically, without specific submission or approval if:</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>(1) The Employee&#146;s Department recommends that the Employee be reinstated, and</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>(2) Such recommendation is approved by the Insured&#146;s Vice-President of the Department, and</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>(3) The dishonest or fraudulent act(s) took place more than 5 years prior to the date of knowledge of such</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=serif size=2>act(s) by the Insured.</FONT></P>
<P align=left><FONT face=serif size=2>Bond terminates for such employee, partner, officer or employee processor 30 days after the receipt by the Insured of the Insurer&#146;s desire to cancel this bond as to such person.</FONT></P>
<P align=left><FONT face=serif size=2>The Insured agrees to keep full written records concerning the above, to be available to Underwriters upon request with all approvals signed and dated by the approving persons concerned.</FONT></P>
<P align=left><FONT face=serif size=2>However, the above provision shall not apply if such dishonest or fraudulent act(s) occurred in the course of, or in connection with, the Employee&#146;s current or prior employment with the Insured.</FONT></P>
<P align=left><FONT face=serif size=2>Notwithstanding anything in the foregoing to the contrary, Underwriters agree that this bond shall continue to apply in respect of those Employees for whom the Insured have, prior to the inception of this bond, received special agreement from any prior Bond Insurer for such Employees to be covered under such prior bond.</FONT></P>
<P align=left><FONT face=serif size=2>2. This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT></P>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2></FONT><U><B><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=5>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=1>Employee Fraudulent Act Rider</FONT><BR>
<FONT face=serif size=1>For use with Manulife Financial Corporation</FONT><BR>
<FONT face=serif size=1>FI 25 Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT><BR>
<FONT face=serif size=1>CE 17-02-5704Q (Ed. 10-03)</FONT></TD></TR></TABLE></P>
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<A name="page_107"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>22</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>General Agreements C is amended by adding the word &#147;intentional&#148; after the word &#147;any&#148; and prior to the word &#147;misrepresentation&#148;.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Conditions and Limitations, Exclusions Section 2 (t) is amended by changing the word &#147;alleged&#148; to &#147;adjudicated&#148;.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2></FONT><U><B><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=2>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=1>Manuscript-1 Rider</FONT><BR>
<FONT face=serif size=1>For use with Manulife Financial Corporation</FONT><BR>
<FONT face=serif size=1>FI 25 Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT><BR>
<FONT face=serif size=1>CE-17-02-5705Q (Ed.10-03)</FONT></TD></TR></TABLE></P>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_108"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>23</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The attached bond is amended by adding the following to Section 11., DEDUCTIBLE AMOUNT:</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>If the Insured has obtained other valid and collectable insurance or indemnity within the Deductible Amount as noted in Item 4 of the Declaration of this bond and in the event that a loss is covered by such valid and collectable insurance or indemnity, it is agreed that the Deductible Amount provided for in the attached bond shall be reduced by an amount equal to the amount of such valid and collectible insurance or indemnity, but in no event can such Deductible Amount as amended by the rider, be less than $0. It is further agreed that this paragraph does not apply if such valid and collectable insurance is underwritten by a member of the Chubb Group of Insurance Companies.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2></FONT><U><B><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=2>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=1>Deductible Amount Rider</FONT><BR>
<FONT face=serif size=1>For use with Manulife Financial Corporation</FONT><BR>
<FONT face=serif size=1>FI 25 Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT><BR>
<FONT face=serif size=1>CE-17-02-5418Q (Ed.10-03)</FONT></TD></TR></TABLE></P>
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<A name="page_109"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>24</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The attached bond is amended by deleting FORGERY OR ALTERATION Section D., in its entirety and substituting the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><FONT face=serif size=2>FORGERY OR ALTERATION</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>(D)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Loss resulting directly from the signature of any natural person having been obtained through fraud or false pretenses or from Forgery or alteration of, on, or in any</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>request made for change of beneficiary in any policy issued by the Insured.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>policy loan agreement made with the Insured.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(3)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>assignment to the Insured of any of its policies.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(4)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Negotiable Instruments other than registered or bearer obligations, made or drawn by or drawn upon the Insured, or made or drawn by one acting as agent of the Insured, or purporting to have been made as herein before set forth.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>A reproduction of a handwritten signature is treated the same as the handwritten signature. An electronic or digital signature is not treated as a reproduction of a handwritten signature.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=serif size=2>2. This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT></P>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2></FONT><U><B><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=8>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=1>Forgery or Alteration Rider</FONT><BR>
<FONT face=serif size=1>For use with Manulife Financial Corporation</FONT><BR>
<FONT face=serif size=1>FI 25 Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT><BR>
<FONT face=serif size=1>CE-17-02-5417Q (Ed.09-03)</FONT></TD></TR></TABLE></P>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_110"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>25</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Insuring Agreement (A) FIDELITY is deleted in its entirety and replaced by the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(A)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Loss resulting directly from dishonest or fraudulent acts committed by an Employee acting alone or in collusion with others.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>Such dishonest or fraudulent acts must be committed by the Employee with the intent:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>a) to cause the Insured to sustain such loss; or b) to obtain financial benefit for the Employee or another person or entity acting in collusion with the Employee.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Notwithstanding the foregoing, however, it is agreed that with regards to Loans and/or Trading this bond covers only loss resulting directly from dishonest or fraudulent acts committed by an Employee with the intent to make and which results in a financial benefit for the Employee.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>As used throughout this Insuring Agreement, financial benefit does not include any employee benefits earned in the normal course of employment, including: salaries, commissions, fees, bonuses, promotions, awards, profit sharing or pensions.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The term &#147;Trading&#148; as used in this Insuring Agreement shall be deemed to mean trading or other dealings in securities, commodities, futures, options, foreign or Federal Funds, Currencies, foreign exchange and the like.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2><U><B><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></B></U><BR>
<B>President</B></FONT></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=5>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=1>Amended Insuring Agreement (A) Rider</FONT><BR>
<FONT face=serif size=1>For use with Manulife Financial Corporation</FONT><BR>
<FONT face=serif size=1>FI 25 Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT><BR>
<FONT face=serif size=1>CE-17-02-5707Q (Ed.10-03)</FONT></TD></TR></TABLE></P>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_111"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>26</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that:</FONT></P>
<P align=left><FONT face=serif size=2>1. The Underwriter will mark its records to indicate that the Saskatchewan Securities Commission,</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=12></TD>
     <TD noWrap><FONT face=serif size=2>1920 Broad Street</FONT><BR>
<FONT face=serif size=2>Suite 800</FONT><BR>
<FONT face=serif size=2>Regina, Saskatchewan</FONT><BR>
<FONT face=serif size=2>S4P 3V7</FONT></TD></TR></TABLE></P>
<P align=left><FONT face=serif size=2>is to be given prompt notice of any claim made under the attached bond in favour of Manulife Securities International Ltd. upon which the Underwriter has been duly notified.</FONT></P>
<P align=left><FONT face=serif size=2>2. The Underwriter will mark its records to indicate that the Saskatchewan Securities Commission,</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=12>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=2>1920 Broad Street</FONT><BR>
<FONT face=serif size=2>Suite 800</FONT><BR>
<FONT face=serif size=2>Regina, Saskatchewan</FONT><BR>
<FONT face=serif size=2>S4P 3V7</FONT></TD></TR></TABLE></P>
<P align=left><FONT face=serif size=2>is to be notified 90 days prior to cancellation, termination or substantial modification of the attached bond, whether at the request of the Insured or the Underwriter, and will use its best efforts to so notify said Commission but failure to so notify said Commission shall not impair or delay the effectiveness of any such cancellation, termination or modification.</FONT></P>
<P align=left><FONT face=serif size=2>3. The Underwriter will mark its records to indicate that the Canada Deposit Insurance Corporation (CDIC),</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=12>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=2>50 O&#146;Connor Street, 17</FONT><SUP><FONT face=serif size=2>th </FONT></SUP><FONT face=serif size=2>Floor,</FONT><BR>
<FONT face=serif size=2>P.O. Box 2340 Station D,</FONT><BR>
<FONT face=serif size=2>Ottawa, Ontario</FONT><BR>
<FONT face=serif size=2>K1P 5W5</FONT></TD></TR></TABLE></P>
<P align=left><FONT face=serif size=2>is to be notified 30 days prior to cancellation or termination of the attached bond. Notwithstanding the effective date of such cancellation or termination, the Insured shall continue to have the right to file claims under this bond for a period of one hundred and fifty (150) days from the effective date of such written notice.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="63%"><FONT face=serif size=1>Notice Rider</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="63%"><FONT face=serif size=1>For use with Manulife Financial Corporation FI 25</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="63%"><FONT face=serif size=1>Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="63%"><FONT face=serif size=1>CE-17-02-5713Q (Rev. 04-08)</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=serif size=1>Page 1 of 2</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_112"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>4.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The attached bond is amended by adding the following to </FONT><B><FONT face=serif size=2>Section 12, TERMINATION OR CANCELLATION:</FONT></B> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>No cancellation or termination of this bond, as an entirety, whether by or at the request of the Insured or by the Company or Underwriter, shall take effect prior to the expiration of 90 days after written notice of such cancellation or termination has been filed with the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>a.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Alberta Securities Commission, 20th Floor, 10025 Jasper Ave., Edmonton T5J 3Z5, unless an earlier date of such cancellation or termination is approved by said Alberta Securities Commission, 20th Floor, 10025 Jasper Ave., Edmonton T5J 3Z5; and</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>b.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Arkansas Securities Department, Heritage West Building, Third Floor, 201 East Markham, Little Rock, Arkansas 72201 unless an earlier date of such cancellation or termination is approved by said Arkansas Securities Department, Heritage West Building, Third Floor, 201 East Markham, Little Rock, Arkansas 72201.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>No cancellation or termination of this bond, as an entirety, whether by or at the request of the Insured or by the Company or Underwriter, shall take effect prior to the expiration of 30 days after written notice of such cancellation or termination has been filed with the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>a.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>State of Missouri, Office of Secretary of State, Jefferson City, M.O. 65102 unless an earlier date of such cancellation or termination is approved by said State of Missouri, Office of Secretary of State, Jefferson City, M.O.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>65102; and</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>b.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Superintendent of Financial Institutions Canada, Ottawa, Ontario K1A 0H2 unless an earlier date of such cancellation or termination is approved by said Superintendent of Financial Institutions Canada, Ottawa, Ontario K1A 0H2</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>c.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Jill Stewart, Canada Deposit Insurance Corporation, 50 O&#146;Connor St. 17 th Floor, P.O. Box 2340 Station D., Ottawa, ONTARIO KIP 5W5</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The Underwriter will use its best efforts to so notify said organizations but failure to so notify said organizations shall not impair or delay the effectiveness of any such modification or cancellation.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>5.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The Underwriter will mark its records to indicate that the National Association of Securities Dealers, Inc. is to be notified promptly concerning the cancellation or substantial modification of the attached bond, whether at the request of the Insured or the Underwriter, and will use its best efforts to so notify said Association but failure to so notify said Association shall not impair or delay the effectiveness of any such cancellation or modification.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>6.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2><U><B><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></B></U><BR>
<B>President</B></FONT></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="63%"><FONT face=serif size=1>Notice Rider</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="63%"><FONT face=serif size=1>For use with Manulife Financial Corporation FI 25</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="63%"><FONT face=serif size=1>Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="63%"><FONT face=serif size=1>CE-17-02-5713Q (Rev. 04-08)</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=serif size=1>Page 2 of 2</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<P align=center><FONT face=serif size=2>Date</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="63%"><FONT face=serif size=1>Notice Rider</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="63%"><FONT face=serif size=1>For use with Manulife Financial Corporation FI 25</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="63%"><FONT face=serif size=1>Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="63%"><FONT face=serif size=1>CE-17-02-5713Q (Rev. 04-08)</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=serif size=1>Page 3 of 2</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_114"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>27</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that the Insuring Agreements are amended by adding the following:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Insuring Agreement (G) - Redemption of Canada Savings Bonds</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(G)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Loss resulting directly from the Insured paying or redeeming, or guaranteeing or witnessing any signature upon any Canada Savings Bonds which shall have been Forged, Counterfeited, raised or otherwise altered, or lost or stolen or on which the signature to the request for payment shall have been Forged.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><U><B>/s/ Ellen J. Moore</B></U><BR>
<B>President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=10>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=1>Redemption of Canada Savings Bonds Rider</FONT><BR>
<FONT face=serif size=1>For use with Surety Association Financial Institution Bonds,</FONT><BR>
<FONT face=serif size=1>Standard Form No. 14, 24 &amp; 25</FONT><BR>
<FONT face=serif size=1>CE-17-02-5437 (Ed. 10-03)</FONT></TD></TR></TABLE></P>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_115"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>28</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>This Bond is amended by deleting in its entirety EXCLUSIONS, Section 2 (1), and substituting the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(l)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>potential income, including but not limited to interest and dividends, not realized by the Insured or by any customer of the Insured;</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2><U><B><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></B></U><BR>
<B>President</B></FONT></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=7>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=1>Amended Exlusion &#145;l&#146; to Include Customer of Insured Rider</FONT><BR>
<FONT face=serif size=1>For use with Surety Association Financial Institution Bonds,</FONT><BR>
<FONT face=serif size=1>Standard Form No. 25</FONT><BR>
<FONT face=serif size=1>CE-17-02-5708 (Ed.10-03)</FONT></TD></TR></TABLE></P>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_116"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>29</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed in respect to Manulife Bank of Canada only, the attached bond is amended as follows:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>By adding the following Insuring Agreement:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(I)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>UNAUTHORIZED SIGNATURES COVERAGE</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>Loss resulting directly from the Insured having accepted, paid or cashed any cheque or withdrawal order made or drawn upon or against the account of the Insured&#146;s customers which bears the signature or rider of a person other than whose name and signature is on file with the Insured as a signatory on such account.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>It shall be a condition precedent to coverage under this insuring clause that the Insured shall have on file signatures of all the persons who are signatories on such account.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>The coverage under this rider shall be subject to the Single Loss Limit of Liability of $100,000 US and the Aggregate Limit of Liability of $500,000 US and subject to a Single Loss Deductible of $10,000 US. Any amount paid by the Underwriter under this rider shall be part of, and not in addition to, the amount set forth in Item 3. of the Declarations Page of the attached bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2><U><B><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></B></U><BR>
<B>President</B></FONT></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=2>&nbsp;</TD>
     <TD noWrap><FONT face=serif size=1>Unauthorized Signature Rider</FONT><BR>
<FONT face=serif size=1>For use with Financial Institution Bond,</FONT><BR>
<FONT face=serif size=1>Standard Form No. 25</FONT><BR>
<FONT face=serif size=1>CE-17-02-5416 (Ed. 09-03)</FONT></TD></TR></TABLE></P>
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<A name="page_117"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>30</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>It is agreed that the attached Bond is amended as follows:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>By adding the following INSURING AGREEMENT:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(J)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>TELEPHONE TOLL CALL FRAUD</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Loss resulting directly from charges for voice telephone long-distance toll calls which were incurred due to the fraudulent manipulation of an Account Code or System Password required to obtain access to a Voice Computer System owned or leased by the Insured, installed on the Insured&#146;s premises, whose System Administration is performed and controlled by the Insured, provided, however, that the unauthorized access was not made possible by:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>failure to change a System Password when the Voice Computer System was made operational, or</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>failure to have a call-disconnect feature in operation to automatically terminate a caller's access to the Voice Computer System after not more than three unsuccessful attempts to input an Account Code.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>For the purposes of this INSURING AGREEMENT, Single Loss means loss resulting from toll call charges made only on telephone lines directly controlled by one Voice Computer System. Coverage under this INSURING AGREEMENT for any Single Loss is limited to loss arising from toll call charges occurring for a period of not more than sixty (60) days inclusive of the date on which the first such toll call charge was made.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>By adding the following to Section 1., Definitions:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>(bb) Account Code means a confidential and protected string of characters which identifies or authenticates a person</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>and permits that person to gain access to a Voice Computer System for the purpose of making long-distance toll calls or utilizing voice mail box messaging capabilities or other similar functional features of the system.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>(cc) System Password means a confidential and protected string of characters which identifies or authenticates a person and permits such person to gain access to a Voice Computer System or any portion thereof for the purpose of performing System Administration or system maintenance activities.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>(dd) Voice Computer System means a computer system installed in one location which functions as a private branch exchange (PBX), voice mail processor, automated call attendant or provides a similar capability used for the direction or routing of telephone calls in a voice communications network.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face=serif size=1>Telephone Fraud Rider</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face=serif size=1>For use with Financial Institution Bond,</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face=serif size=1>Standard Form No. 25</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face=serif size=1>CE-17-02-5414 (Ed. 09-03)</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=serif size=1>Page 1 of 2</FONT> </TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>By adding the following to Section 2., Exclusions:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(w)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>loss resulting from the use or purported use of a telephone credit, debit, charge, identification or similar card to gain access to the Insured&#146;s Voice Computer System.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>4.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The coverage under this rider shall be subject to the Single Loss Limit of Liability of $100,000 US and the Aggregate Limit of Liability of $500,000 US and subject to a Single Loss Deductible of $10,000 US. Any amount paid by the Underwriter under this rider shall be part of, and not in addition to, the amount set forth in Item 3. of the Declarations Page of the attached bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>5.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2><U><B><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></B></U><BR>
<B>President</B></FONT></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face=serif size=1>Telephone Fraud Rider</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face=serif size=1>For use with Financial Institution Bond,</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face=serif size=1>Standard Form No. 25</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%"><FONT face=serif size=1>CE-17-02-5414 (Ed. 09-03)</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="4%"><FONT face=serif size=1>Page 2 of 2</FONT> </TD></TR></TABLE><BR>
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<A name="page_119"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>31</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=serif size=2>TIE IN OF LIMITS RIDER</FONT></B></TD></TR></TABLE></P>
<P><FONT face=serif size=2>1. Once loss sustained by Manulife Securities International Ltd. (&#147;Manulife Securities&#148;) is discovered, it is agreed that:</FONT></P>
<P><FONT face=serif size=2>A. In the event that a loss that is less than or equal to the Single Loss Limit of Liability described in Item 4. of the Declarations for Bond No. 8152 00 12 K (&#147;this Bond&#148;), is covered under this Bond and also covered under the following Bonds:</FONT></P>
<P><FONT face=serif size=2>(i) Chubb Insurance Company of Canada&#146;s (&#147;Chubb&#148;) Bond No. 8191 03 89 issued to Manulife Securities (the &#147;Chubb Manulife Securities Bond&#148;).</FONT></P>
<P><FONT face=serif size=2>the SINGLE LOSS LIMIT OF LIABILITY under this Bond shall be reduced by the amount of any payment made under the Chubb Manulife Securities Bond and only the remainder, if any, shall be applicable to such loss under this Bond.</FONT></P>
<P><FONT face=serif size=2>B. In the event that a loss that exceeds the SINGLE LOSS LIMIT OF LIABILITY stated in Item 4. of the Declarations of this Bond is covered under this Bond and also covered under the Chubb Manulife Securities Bond, then the SINGLE LOSS LIMIT OF LIABILITY under this Bond shall be reduced by the amount of any payment made under the Chubb Manulife Securities Bond and only the remainder, if any, shall be applicable to such loss under this Bond.</FONT></P>
<P><FONT face=serif size=2>C. With respect to the Limits of Liability of this Bond and the Manulife Securities Bond (the policy/bond periods of which are identical and which shall be referred to collectively as the &#147;Policy Period&#148;):</FONT></P>
<P><FONT face=serif size=2>(i) Chubb's Maximum Single Loss Limit of Liability for all Loss during the Policy Period under both Bonds collectively shall not exceed $25,000,000 US (the &#147;Collective Maximum Single Loss Limit of Liability&#148;); and,</FONT></P>
<P><FONT face=serif size=2>(ii) Chubb's Maximum Aggregate Liability for all Loss during the Policy Period under both Bonds collectively shall not exceed $50,000,000 US (the &#147;Collective Maximum Aggregate Limit of Liability&#148;).</FONT></P>
<P><FONT face=serif size=2>Furthermore, any payment made under the Chubb Manulife Securities Bond shall reduce the Collective Maximum Single Loss Limit of Liability and the Collective Maximum Aggregate Limit of Liability.</FONT></P>
<P><FONT face=serif size=2>D. The Single Loss Deductible stated in ITEM 4. Of this Bond shall be reduced by the amount of any payment made under the Manulife Securities Bond.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Tie In Of Limits (MISL) Rider</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>For use with Manulife Financial Corporation FI 25</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>CE-17-02-5709Q (Rev. 04-06)</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=1>Page 1 of 2</FONT> </TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>E.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Without in any way limiting the Insured&#146;s obligation to comply with the terms and conditions of all Bonds and insurance policies issued by Chubb, Chubb will have no obligation to indemnify Manulife Securities under this Bond until the following terms and conditions of the Chubb Manulife Securities Bond have been satisfied:</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><B><FONT face=serif size=2>GENERAL AGREEMENTS</FONT></B><FONT face=serif size=2>, Section F. </FONT><B><FONT face=serif size=2>NOTICE OF LEGAL PROCEEDINGS AGAINST THE INSURED - ELECTION TO DEFEND; </FONT></B><FONT face=serif size=2>and, </FONT><B><FONT face=serif size=2>CONDITIONS AND LIMITATIONS</FONT></B><FONT face=serif size=2>, Section 5., </FONT><B><FONT face=serif size=2>NOTICE/PROOF - LEGAL PROCEEDINGS AGAINST THE UNDERWRITER.</FONT></B> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>F.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>In the event a covered loss is sustained by Manulife Securities, payment under this Bond shall not be made until:</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=serif size=2>if the loss is covered under the Chubb Manulife Securities Bond, payment is first made under that bond to the extent that the limits thereof are exhausted.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>G.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>If after the inception date of this Bond any other valid and collectible insurance or indemnity obtained by Manulife Securities is changed or modified, written notice of any such change or modification shall be given to Chubb as soon as practicable, not to exceed thirty (30) days after such change or modification, together with such information as Chubb may request. There shall be no coverage under this bond for any loss related to such change or modification until such time as Chubb is advised of and specifically agrees by written rider to provide coverage for such change or modification.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>For purposes of certainty, this rider shall not in any way be construed to increase the $25,000,000 US. Maximum Single Loss Limit of Liability or the $50,000,000 US Maximum Aggregate Limit of Liability for this Bond and the Chubb Manulife Securities Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2><U><B><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></B></U><BR>
<B>President</B></FONT></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Tie In Of Limits (AIG) Rider</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>For use with Manulife Financial Corporation FI 25</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>CE-17-02-5709Q (Ed. 10-03)</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=1>Page 2 of 2</FONT> </TD></TR></TABLE><BR>
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<A name="page_121"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>32</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=serif size=2>TIE IN OF LIMITS RIDER</FONT></B></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>Once loss sustained by John Hancock Trust, John Hancock Funds II and John Hancock Funds III (&#147;JHT&#148;) is discovered, it is agreed that:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>A.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>In the event that a loss that is less than or equal to the Single Loss Limit of Liability described in Item 4. of the Declarations for Bond No. 8152 00 12 K (&#147;this Bond&#148;), is covered under this Bond and also covered under the following Bonds:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Chubb Insurance Company of Canada&#146;s (&#147;Chubb&#148;) Bond No. 81910390 issued to JHT (the &#147;Chubb JHT&#148;).</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>the SINGLE LOSS LIMIT OF LIABILITY under this Bond shall be reduced by the amount of any payment made under the Chubb JHT Bond and only the remainder, if any, shall be applicable to such loss under this Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>B.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>In the event that a loss that exceeds the SINGLE LOSS LIMIT OF LIABILITY stated in Item 4. of the Declarations of this Bond is covered under this Bond and also covered under the Chubb JHT Bond, then the SINGLE LOSS</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>LIMIT OF LIABILITY under this Bond shall be reduced by the amount of any payment made under the Chubb JHT Bond and only the remainder, if any, shall be applicable to such loss under this Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>C.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>With respect to the Limits of Liability of this Bond and the JHT Bond (the policy/bond periods of which are identical and which shall be referred to collectively as the &#147;Policy Period&#148;):</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Chubb's Maximum Single Loss Limit of Liability for all Loss during the Policy Period under both Bonds collectively shall not exceed Cdn. $25,000,000 US (the &#147;Collective Maximum Single Loss Limit of Liability&#148;); and,</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(ii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Chubb's Maximum Aggregate Liability for all Loss during the Policy Period under both Bonds collectively shall not exceed $50,000,000 US (the &#147;Collective Maximum Aggregate Limit of Liability&#148;).</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>Furthermore, any payment made under the Chubb JHT Bond shall reduce the Collective Maximum Single Loss Limit of Liability and the Collective Maximum Aggregate Limit of Liability.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>D.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The Single Loss Deductible stated in ITEM 4. of this Bond shall be reduced by the amount of any payment made under the JHT Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Tie In Of Limits (AIG &amp; Zurich) Rider</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>For use with Manulife Financial Corporation FI 25</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>CE-17-02-5710Q (Ed. 10-03)</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=1>Page 2 of 2</FONT> </TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>E.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Without in any way limiting the Insured&#146;s obligation to comply with the terms and conditions of all Bonds and insurance policies issued by Chubb, Chubb will have no obligation to indemnify JHT under this Bond until the following terms and conditions of the Chubb JHT Bond have been satisfied: </FONT><B><FONT face=serif size=2>CONDITIONS AND</FONT></B> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><B><FONT face=serif size=2>LIMITATIONS</FONT></B><FONT face=serif size=2>, Section 3. </FONT><B><FONT face=serif size=2>NOTICE TO COMPANY &#150; PROOF &#150; LEGAL PROCEEDINGS AGAINST THE COMPANY.</FONT></B> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>F.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>In the event a covered loss is sustained by JHT, payment under this Bond shall not be made until:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>if the loss is covered under the Chubb JHT Bond, payment is first made under that bond to the extent that the limits thereof are exhausted;</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>G.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>If after the inception date of this Bond any other valid and collectible insurance or indemnity obtained by JHT is changed or modified, written notice of any such change or modification shall be given to Chubb as soon as practicable, not to exceed thirty (30) days after such change or modification, together with such information as Chubb may request. There shall be no coverage under this bond for any loss related to such change or modification until such time as Chubb is advised of and specifically agrees by written rider to provide coverage for such change or modification.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=serif size=2>For purposes of certainty, this rider shall not in any way be construed to increase the $25,000,000. Maximum Single Loss Limit of Liability or the $50,000,000 Maximum Aggregate Limit of Liability for this Bond and the Chubb JHT Bond.</FONT></P>
<P align=left><FONT face=serif size=2>2. This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT></P>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2><U><B><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></B></U><BR>
<B>President</B></FONT></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Tie In Of Limits (AIG &amp; Zurich) Rider</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>For use with Manulife Financial Corporation FI 25</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>CE-17-02-5710Q (Ed. 10-03)</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=1>Page 2 of 2</FONT> </TD></TR></TABLE><BR>
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<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>33</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=serif size=2>TIE IN OF LIMITS RIDER</FONT></B></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>Once loss sustained by Signator Investors, Inc. (Signator Investors) is discovered, it is agreed that:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>A.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>In the event that a loss that is less than or equal to the Single Loss Limit of Liability described in Item 4. of the Declarations for Bond No. 8152 00 12 K (&#147;this Bond&#148;), is covered under this Bond and also covered under the following Bonds:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Chubb Insurance Company of Canada&#146;s (&#147;Chubb&#148;) Bond No. 8191 0474 issued to Signator Investors (the &#147;Chubb Signator Investors Bond&#148;); and</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>the SINGLE LOSS LIMIT OF LIABILITY under this Bond shall be reduced by the amount of any payment made under the Chubb Signator Investors Bond and only the remainder, if any, shall be applicable to such loss under this Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>B.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>In the event that a loss that exceeds the SINGLE LOSS LIMIT OF LIABILITY stated in Item 4. of the Declarations of this Bond is covered under this Bond and also covered under the Chubb Signator Investors Bond, then the SINGLE LOSS LIMIT OF LIABILITY under this Bond shall be reduced by the amount of any payment made under the Chubb Signator Investors Bond and only the remainder, if any, shall be applicable to such loss under this Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>C.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>With respect to the Limits of Liability of this Bond and the Signator Investors Bond (the policy/bond periods of which are identical and which shall be referred to collectively as the &#147;Policy Period&#148;):</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Chubb's Maximum Single Loss Limit of Liability for all Loss during the Policy Period under both Bonds collectively shall not exceed $25,000,000 US (the &#147;Collective Maximum Single Loss Limit of Liability&#148;); and,</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(ii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Chubb's Maximum Aggregate Liability for all Loss during the Policy Period under both Bonds collectively shall not exceed $50,000,000 US (the &#147;Collective Maximum Aggregate Limit of Liability&#148;).</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Furthermore, any payment made under the Chubb Signator Investors Bond shall reduce the Collective Maximum Single Loss Limit of Liability and the Collective Maximum Aggregate Limit of Liability.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>D.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The Single Loss Deductible stated in ITEM 4. Of this Bond shall be reduced by the amount of any payment made under the Signator Investors Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Tie In Of Limits (Signator Investors) Rider</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>For use with Manulife Financial Corporation FI 25</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>CE-17-02-7677Q (Ed. 04-06)</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=1>Page 1 of 2</FONT> </TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>E.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Without in any way limiting the Insured&#146;s obligation to comply with the terms and conditions of all Bonds and insurance policies issued by Chubb, Chubb will have no obligation to indemnify Signator Investors under this Bond until the following terms and conditions of the Chubb Signator Investors Bond has been satisfied: </FONT><B><FONT face=serif size=2>GENERAL</FONT></B> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><B><FONT face=serif size=2>AGREEMENTS</FONT></B><FONT face=serif size=2>, Section F. </FONT><B><FONT face=serif size=2>NOTICE OF LEGAL PROCEEDINGS AGAINST THE INSURED - ELECTION TO DEFEND; </FONT></B><FONT face=serif size=2>and, </FONT><B><FONT face=serif size=2>CONDITIONS AND LIMITATIONS</FONT></B><FONT face=serif size=2>, Section 5., </FONT><B><FONT face=serif size=2>NOTICE/PROOF - LEGAL PROCEEDINGS AGAINST THE UNDERWRITER.</FONT></B> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>F.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>In the event a covered loss is sustained by Signator Investors, payment under this Bond shall not be made until:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>if the loss is covered under the Chubb Signator Investors Bond, payment is first made under that bond to the extent that the limits thereof are exhausted; and secondly,</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>G.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>If after the inception date of this Bond any other valid and collectible insurance or indemnity obtained by Signator Investors is changed or modified, written notice of any such change or modification shall be given to Chubb as soon as practicable, not to exceed thirty (30) days after such change or modification, together with such information as Chubb may request. There shall be no coverage under this bond for any loss related to such change or modification until such time as Chubb is advised of and specifically agrees by written rider to provide coverage for such change or modification.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>For purposes of certainty, this rider shall not in any way be construed to increase the $25,000,000 US. Maximum Single Loss Limit of Liability or the $50,000,000 US Maximum Aggregate Limit of Liability for this Bond and the Chubb Signator Investors Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2><U><B><FONT face=serif size=2><U><B><B><FONT face=serif size=2><U>/s/ Ellen J. Moor</U></FONT></B>e</B></U></FONT></B></U><BR>
<B>President</B></FONT></FONT></P>
<P align=center><FONT face=serif size=2><U>April 18, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Tie In Of Limits (Signator Investors) Rider</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>For use with Manulife Financial Corporation FI 25</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>CE-17-02-7677Q (Ed. 04-06)</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=1>Page 2 of 2</FONT> </TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Tie In Of Limits (Signator Investors) Rider</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>For use with Manulife Financial Corporation FI 25</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>CE-17-02-7677Q (Ed. 04-06)</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=1>Page 2 of 2</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_126"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><B><FONT face=sans-serif>PREMIUM BILL</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD></TR>
<TR>
     <TD width="98%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><FONT face=sans-serif size=2>Bond Period</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>March 31, 2008</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="8%"><FONT face=sans-serif size=2>To</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%"><FONT face=sans-serif size=2>March 31, 2009</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><FONT face=sans-serif size=2>Bond Number</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>8152 00 12 K</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><FONT face=sans-serif size=2>Insured</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="37%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Manulife Financial Corporation</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><FONT face=sans-serif size=2>Date Issued</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>October 6, 2008</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><FONT face=sans-serif size=2>Producer</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%">&nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Marsh Canada Limited</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD></TR>
<TR>
     <TD width="98%" colSpan=9>
<HR noShade SIZE=1>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="85%" colSpan=7>
<P><B><FONT face=sans-serif size=2>THIS BILLING IS TO BE ATTACHED TO AND FORM PART OF THE POLICY</FONT></B></P>
<P>&nbsp;</P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="48%" colSpan=3>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT face=sans-serif size=2>Please Send Payment To Agent or Broker</FONT> </P>
<P>&nbsp;</P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="25%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="11%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%"><B><FONT face=sans-serif size=2>COVERAGE</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="25%"><B><FONT face=sans-serif size=2>PREMIUM</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="11%"><B><FONT face=sans-serif size=2>COMM</FONT></B> </TD></TR>
<TR>
     <TD width="98%" colSpan=9>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">
<P><FONT face=sans-serif size=2>Bond Form 25</FONT></P>
<P>&nbsp;</P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="27%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="8%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="25%"><FONT face=sans-serif size=2>$25,000 US.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=center width="11%"><FONT face=sans-serif size=2>Nil</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="48%" colSpan=3><FONT face=sans-serif size=2>Endorsement Effective July 2, 2008</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="8%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="25%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="11%">&nbsp; </TD></TR></TABLE>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P><BR>
&nbsp;</P>
<P align=left><B><FONT face=sans-serif size=2>When sending payment please indicate policy or certificate number.</FONT></B></P>
<P align=left><B><FONT face=sans-serif size=2>Note: Please return this bill with payment and include any additional changes.</FONT></B></P>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_127"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="100%"><FONT face=serif size=2>ENDORSEMENT NO.: 34</FONT> </TD></TR>
<TR>
     <TD width="100%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="100%"><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="100%"><FONT face=serif size=2>Policy No.: 8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="37%"><FONT face=serif size=2>Name of Insured:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="60%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=2>It is agreed that this Bond is amended by deleting Rider Number(s) 1 and 31 in their entirety.</FONT><BR>
<BR>
<FONT face=serif size=2>This Rider/Endorsement shall become effective 12:01 a.m. standard time on July 2, 2008.</FONT><BR>
<BR>
<B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></TD></TR></TABLE></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=right><FONT face=serif size=2><B>
<P align=center><U>/s/ Ellen J. Moore</U><BR>
President</P>
</B></FONT>
<P><FONT face=serif size=2><U>October 6, 2008</U></FONT></P>
</TD></TR></TABLE></P>
<P align=left>&nbsp;</P>
<P align=left>&nbsp;</P>
<P align=left>&nbsp;</P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=1>Delete a Rider/Endorsement</FONT><BR>
<FONT face=serif size=1>For use with all Surety Association Financial Institution Bonds,</FONT><BR>
<FONT face=serif size=1>Computer Crime Policy and Combination Safe Depository Policy</FONT><BR>
<FONT face=serif size=1>Form 17-02-5649 (Ed. 11-03)</FONT></TD></TR></TABLE></P>
<HR align=center width="100%" noShade SIZE=2>

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<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp;<FONT face=serif size=2>35</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=2>It is agreed that:</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><B><FONT face=serif size=2>Item 1 </FONT></B><FONT face=serif size=2>of the DECLARATIONS is deleted in its entirety and replaced with the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=3><B><FONT face=serif size=2>ITEM 1. Name of Insured </FONT></B><FONT face=serif size=2>(hereinafter the "Insured") includes:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Manulife Financial Corporation including any Subsidiary;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>OUB Manulife Pte. Ltd., but only if at the time of the Loss, Manulife Financial Corporation or any Subsidiary is the actual or beneficial owner of at least 50% of the outstanding securities or voting rights representing the present right to vote for election directors;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(c)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Any employee benefit plans of any Insured;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(d)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Any &#147;mutual fund&#148; as that term is defined in the </FONT><I><FONT face=serif size=2>Securities Act </FONT></I><FONT face=serif size=2>R.S.O. 1990 Ch. S.5, as amended, or such equivalent investment structure which may exist under any other federal, state, provincial or territorial securities legislation. Provided, however, that any such mutual fund must be:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>an issuer which is not a natural person;</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(ii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>created, managed or controlled at the time of the Loss by either an Insured or a Subsidiary; and</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(iii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>in respect of which either an Insured or a Subsidiary is acting as the trustee at the time of the Loss.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>The CONDITIONS AND LIMITATIONS, Section 1., DEFINITIONS is amended by adding the following definition of Subsidiary:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>Subsidiary means any organization that, at the inception date of this Bond, is named in the APPLICATION or is created during the BOND PERIOD and in respect 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 directly or indirectly, in any combination, by Manulife Financial Corporation , and which:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(a)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>is actively carrying on business; or</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(b)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>is no longer actively carrying on business</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="74%"><FONT face=serif size=1>Named Insured Rider</FONT> </TD>
     <TD width="22%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="74%"><FONT face=serif size=1>For Use With Manulife Financial Corporation FI 25 Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="22%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="74%"><FONT face=serif size=1>CE-17-02-5370Q (Rev. 04-08)</FONT> </TD>
     <TD width="22%">&nbsp; </TD>
     <TD noWrap align=left width="3%"><FONT face=serif size=1>Page 1 of 2</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_129"></A>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=2>This rider shall become effective as of 12:01 a.m. standard time on July 2, 2008.</FONT><BR>
<BR>
<B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></TD></TR></TABLE></P>
<P align=center><FONT face=serif size=2><B><U>/s/ Ellen J. Moore</U><BR>
President</B></FONT></P>
<P align=center><FONT face=serif size=2><U>October 6, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<P align=center><FONT size=2></FONT>&nbsp;</P>
<P align=center><FONT size=2></FONT>&nbsp;</P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="74%"><FONT face=serif size=1>Named Insured Rider</FONT> </TD>
     <TD width="22%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="74%"><FONT face=serif size=1>For Use With Manulife Financial Corporation FI 25 Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="22%">&nbsp; </TD>
     <TD noWrap align=left width="3%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="74%"><FONT face=serif size=1>CE-17-02-5370Q (Rev. 04-08)</FONT> </TD>
     <TD width="22%">&nbsp; </TD>
     <TD noWrap align=left width="3%"><FONT face=serif size=1>Page 2 of 2</FONT> </TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>

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<A name="page_130"></A>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>36</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=serif size=2>TIE IN OF LIMITS RIDER</FONT></B></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>Once loss sustained by </FONT><FONT face=serif color=#000000 size=2>Manulife Securities Investment Services Inc. (&#147;MSIS&#148;) </FONT><FONT face=serif size=2><FONT color=#000000>is </FONT>discovered, it is agreed that:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>A.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>In the event that a loss that is less than or equal to the Single Loss Limit of Liability described in Item 4. of the Declarations for Bond No. 8152 00 12 K (&#147;this Bond&#148;), is covered under this Bond and also covered under the following Bonds:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Chubb Insurance Company of Canada&#146;s (&#147;Chubb&#148;) Bond No. 8191 03 89 issued to </FONT><FONT face=serif color=#000000 size=2>Manulife Securities Investment Services Inc. </FONT><FONT face=serif size=2><FONT color=#000000>(</FONT>the &#147;Chubb MSIS Bond&#148;).</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>the SINGLE LOSS LIMIT OF LIABILITY under this Bond shall be reduced by the amount of any payment made under the Chubb MSIS Bond and only the remainder, if any, shall be applicable to such loss under this Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>B.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>In the event that a loss that exceeds the SINGLE LOSS LIMIT OF LIABILITY stated in Item 4. of the Declarations of this Bond is covered under this Bond and also covered under the Chubb MSIS Bond, then the SINGLE LOSS</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>LIMIT OF LIABILITY under this Bond shall be reduced by the amount of any payment made under the Chubb MSIS Bond and only the remainder, if any, shall be applicable to such loss under this Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>C.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>With respect to the Limits of Liability of this Bond and the Chubb MSIS Bond (the policy/bond periods of which are identical and which shall be referred to collectively as the &#147;Policy Period&#148;):</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>(i) Chubb's Maximum Single Loss Limit of Liability for all Loss during the Policy Period under both Bonds collectively shall not exceed $25,000,000 US (the &#147;Collective Maximum Single Loss Limit of Liability&#148;); and,</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>(ii) Chubb's Maximum Aggregate Liability for all Loss during the Policy Period under both Bonds collectively shall not exceed $50,000,000 US (the &#147;Collective Maximum Aggregate Limit of Liability&#148;).</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Furthermore, any payment made under the Chubb MSIS Bond shall reduce the Collective Maximum Single Loss Limit of Liability and the Collective Maximum Aggregate Limit of Liability.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>D.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The Single Loss Deductible stated in ITEM 4. Of this Bond shall be reduced by the amount of any payment made under the MSIS Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Tie In Of Limits (AIG) Rider</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>For use with Manulife Financial Corporation FI 25</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="62%"><FONT face=serif size=1>CE-17-02-5709Q (Ed. 10-03)</FONT> </TD>
     <TD width="32%">&nbsp; </TD>
     <TD noWrap align=left width="5%"><FONT face=serif size=1>Page 2 of 2</FONT> </TD></TR></TABLE><BR>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>E.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Without in any way limiting the Insured&#146;s obligation to comply with the terms and conditions of all Bonds and insurance policies issued by Chubb, Chubb will have no obligation to indemnify Manulife Securities under this Bond until the following terms and conditions of the Chubb MSIS Bond have been satisfied: </FONT><B><FONT face=serif size=2>GENERAL</FONT></B> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><B><FONT face=serif size=2>AGREEMENTS</FONT></B><FONT face=serif size=2>, Section F. </FONT><B><FONT face=serif size=2>NOTICE OF LEGAL PROCEEDINGS AGAINST THE INSURED - ELECTION TO DEFEND; </FONT></B><FONT face=serif size=2>and, </FONT><B><FONT face=serif size=2>CONDITIONS AND LIMITATIONS</FONT></B><FONT face=serif size=2>, Section 5., </FONT><B><FONT face=serif size=2>NOTICE/PROOF - LEGAL PROCEEDINGS AGAINST THE UNDERWRITER.</FONT></B> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>F.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>In the event a covered loss is sustained by Manulife Securities, payment under this Bond shall not be made until:</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=serif size=2>if the loss is covered under the Chubb MSIS Bond, payment is first made under that bond to the extent that the limits thereof are exhausted.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>G.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>If after the inception date of this Bond any other valid and collectible insurance or indemnity obtained by Manulife Securities is changed or modified, written notice of any such change or modification shall be given to Chubb as soon as practicable, not to exceed thirty (30) days after such change or modification, together with such information as Chubb may request. There shall be no coverage under this bond for any loss related to such change or modification until such time as Chubb is advised of and specifically agrees by written rider to provide coverage for such change or modification.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>For purposes of certainty, this rider shall not in any way be construed to increase the $25,000,000 US. Maximum Single Loss Limit of Liability or the $50,000,000 US Maximum Aggregate Limit of Liability for this Bond and the Chubb MSIS Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>This Rider shall become effective as of 12:01 a.m. standard time on July 2, 2008.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2><B><U>/s/ Ellen J. Moore</U><BR>
President</B></FONT></FONT></P>
<P align=center><FONT face=serif size=2><U>October 6, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=1>Tie In Of Limits (AIG) Rider</FONT><BR>
<FONT face=serif size=1>For use with Manulife Financial Corporation FI 25</FONT><BR>
<FONT face=serif size=1>Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT><BR>
<FONT face=serif size=1>CE-17-02-5709Q (Ed. 10-03)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&
nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Page 2 of 2</FONT></TD></TR></TABLE></P>
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<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>37</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="22%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="75%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><FONT face=serif size=2>TIE IN OF LIMITS RIDER</FONT></B></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=3><FONT face=serif size=2>Once loss sustained by </FONT><FONT face=serif color=#000000 size=2>Manulife Securities Inc. </FONT><FONT face=serif size=2><FONT color=#000000>is </FONT>discovered, it is agreed that:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>A.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>In the event that a loss that is less than or equal to the Single Loss Limit of Liability described in Item 4. of the Declarations for Bond No. 8152 00 12 K (&#147;this Bond&#148;), is covered under this Bond and also covered under the following Bonds:</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Chubb Insurance Company of Canada&#146;s (&#147;Chubb&#148;) Bond No. 8207 20 27 issued <FONT color=#000000>to </FONT></FONT><FONT face=serif color=#000000 size=2>Manulife Securities Inc.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>the SINGLE LOSS LIMIT OF LIABILITY under this Bond shall be reduced by the amount of any payment made under the <FONT color=#000000>Chubb </FONT></FONT><FONT face=serif color=#ff0000 size=2><FONT color=#000000>Manulife Securities Inc.</FONT> </FONT><FONT face=serif size=2>Bond and only the remainder, if any, shall be applicable to such loss under this Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>B.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>In the event that a loss that exceeds the SINGLE LOSS LIMIT OF LIABILITY stated in Item 4. of the Declarations of this Bond is covered under this Bond and also covered under the Chubb </FONT><FONT face=serif color=#000000 size=2>Manulife Securities Inc. </FONT><FONT face=serif color=#000000 size=2>Bond, then the SINGLE LOSS LIMIT OF LIABILITY under this Bond shall be reduced by the amount of any payment made under the Chubb </FONT><FONT face=serif color=#000000 size=2>Manulife Securities Inc. </FONT><FONT face=serif size=2><FONT color=#000000>Bond </FONT>and only the remainder, if any, shall be applicable to such loss under this Bond.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>C.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>With respect to the Limits of Liability of this Bond and the </FONT><FONT face=serif color=#000000 size=2>Manulife Securities Inc. </FONT><FONT face=serif size=2><FONT color=#000000>Bond </FONT>(the policy/bond periods of which are identical and which shall be referred to collectively as the &#147;Policy Period&#148;):</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(i)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Chubb's Maximum Single Loss Limit of Liability for all Loss during the Policy Period under both Bonds collectively shall not exceed Cdn. $25,000,000 US (the &#147;Collective Maximum Single Loss Limit of Liability&#148;); and,</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>(ii)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>Chubb's Maximum Aggregate Liability for all Loss during the Policy Period under both Bonds collectively shall not exceed $50,000,000 US (the &#147;Collective Maximum Aggregate Limit of Liability&#148;).</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>Furthermore, any payment made under the Chubb </FONT><FONT face=serif color=#000000 size=2>Manulife Securities Inc. </FONT><FONT face=serif size=2><FONT color=#000000>Bond </FONT>shall reduce the Collective Maximum Single Loss Limit of Liability and the Collective Maximum Aggregate Limit of Liability.</FONT> </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR></TABLE>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=1>Tie In Of Limits (Signator Investors) Rider</FONT><BR>
<FONT face=serif size=1>For use with Manulife Financial Corporation FI 25</FONT><BR>
<FONT face=serif size=1>Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT><BR>
<FONT face=serif size=1>CE-17-02-7677Q (Ed. 04-06)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&
nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Page 2 of 2</FONT></TD></TR></TABLE></P>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>D.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>The Single Loss Deductible stated in ITEM 4. of this Bond shall be reduced by the amount of any payment made under <FONT color=#000000>the </FONT></FONT><FONT face=serif color=#000000 size=2>Manulife Securities Inc. </FONT><FONT face=serif size=2><FONT color=#000000>Bond</FONT>.</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>E.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>Without in any way limiting the Insured&#146;s obligation to comply with the terms and conditions of all Bonds and insurance policies issued by Chubb, Chubb will have no obligation to indemnify </FONT><FONT face=serif color=#000000 size=2>Manulife Securities Inc. </FONT><FONT face=serif color=#000000 size=2>under this Bond until the following terms and conditions of the Chubb </FONT><FONT face=serif color=#000000 size=2>Manulife Securities Inc. </FONT><FONT face=serif size=2><FONT color=#000000>Bond </FONT>have been satisfied:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%" colSpan=2><B><FONT face=serif size=2>CONDITIONS AND LIMITATIONS</FONT></B><FONT face=serif size=2>, Section 3. </FONT><B><FONT face=serif size=2>NOTICE TO COMPANY &#150; PROOF &#150; LEGAL PROCEEDINGS AGAINST THE COMPANY.</FONT></B> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>F.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%" colSpan=2><FONT face=serif size=2>In the event a covered loss is sustained by </FONT><FONT face=serif color=#000000 size=2>Manulife Securities Inc</FONT><FONT face=sans-serif color=#000000 size=2>.</FONT><FONT face=serif size=2><FONT color=#000000>, </FONT>payment under this Bond shall not be made until:</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD vAlign=top noWrap><FONT face=serif size=2>1)</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>if the loss is covered under the Chubb </FONT><FONT face=serif color=#000000 size=2>Manulife Securities Inc. </FONT><FONT face=serif size=2><FONT color=#000000>Bond</FONT>, payment is first made under that bond to the extent that the limits thereof are exhausted;</FONT> </TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR></TABLE>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=top>
     <TD width="2%">
<P><FONT face=serif size=2>G.</FONT></P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="95%">
<P><FONT face=serif size=2>If after the inception date of this Bond any other valid and collectible insurance or indemnity obtained <FONT color=#000000>by </FONT></FONT><FONT face=serif color=#000000 size=2>Manulife Securities Inc. </FONT><FONT face=serif size=2><FONT color=#000000>is changed </FONT>or modified, written notice of any such change or modification shall be given to Chubb as soon as practicable, not to exceed thirty (30) days after such change or modification, together with such information as Chubb may request. There shall be no coverage under this bond for any loss related to such change or modification until such time as Chubb is advised of and specifically agrees by written rider to provide coverage for such change or modification.</FONT></P>
</TD></TR></TABLE><BR>
<P align=left><FONT face=serif size=2>For purposes of certainty, this rider shall not in any way be construed to increase the $25,000,000. Maximum Single Loss Limit of Liability or the $50,000,000 Maximum Aggregate Limit of Liability for this Bond and the Chubb </FONT><FONT face=serif color=#000000 size=2>Manulife Securities Inc. </FONT><FONT face=serif size=2><FONT color=#000000>Bond</FONT>.</FONT></P>
<P align=left><FONT face=serif size=2>2. This Rider shall become effective as of 12:01 a.m. standard time on July 2, 2008.</FONT></P>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2><FONT face=serif size=2><B><U>/s/ Ellen J. Moore</U><BR>
President</B></FONT></FONT></FONT></P>
<P align=center><FONT face=serif size=2><U>October 6, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=1>Tie In Of Limits (Signator Investors) Rider</FONT><BR>
<FONT face=serif size=1>For use with Manulife Financial Corporation FI 25</FONT><BR>
<FONT face=serif size=1>Bond 8152 00 12 &amp; ECCP 8152 00 13</FONT><BR>
<FONT face=serif size=1>CE-17-02-7677Q (Ed. 04-06)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&
nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Page 2 of 2</FONT></TD></TR></TABLE></P>
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<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%"><FONT face=serif size=2>Company:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="70%"><FONT face=serif size=2>Chubb Insurance Company of Canada</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%"><FONT face=serif size=2>Rider No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="70%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT face=serif size=2>38</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>To be attached to and form part of</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="27%"><FONT face=serif size=2>Bond No.:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="70%">&nbsp; &nbsp;<FONT face=serif size=2>8152 00 12 K</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="27%"><FONT face=serif size=2>Issued to:</FONT> </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" width="2%">&nbsp; </TD>
     <TD style="BORDER-BOTTOM: #808080 1pt solid" noWrap align=left width="70%"><FONT face=serif size=2>Manulife Financial Corporation</FONT> </TD></TR></TABLE><BR>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=serif size=2>It is agreed that:</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><FONT face=serif size=2>1.</FONT>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><FONT face=serif size=2>The attached bond is amended by deleting the first paragraph of Section 12., Termination Or Cancelation, and substituting the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>Termination Or Cancelation</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>Section 12. This bond terminates as an entirety upon occurrence of any one of the following:</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>(a) immediately upon the receipt by the Underwriter of a written notice from the Insured of its desire to cancel this bond, or</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>(b) immediately upon the taking over of the Insured by a receiver or other liquidator or by State or Federal officials, or</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>(c) immediately upon the taking over of the Insured by another institution, or</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>(d) immediately upon exhaustion of the Aggregate Limit of Liability, or</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><FONT face=serif size=2>(e) immediately upon expiration of the Bond Period as set forth in Item 2 of the Declarations.</FONT> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><FONT face=serif size=2>2. This Rider shall become effective as of 12:01 a.m. standard time on March 31, 2008</FONT></P>
<P align=left><B><FONT face=serif size=2>ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED</FONT></B></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2><FONT face=serif size=2><B><U>/s/ Ellen J. Moore</U><BR>
President</B></FONT></FONT></FONT></P>
<P align=center><FONT face=serif size=2><U>October 6, 2008</U></FONT><BR>
<FONT face=serif size=2>Date</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD noWrap><FONT face=sans-serif size=1>Modified Termination - Non-Cancelable Except For Non-Payment Rider</FONT><BR>
<FONT face=sans-serif size=1>For use with all Surety Association Financial Institution Bonds</FONT><BR>
<FONT face=sans-serif size=1>Form 17-02-2886 (Ed. 1-02)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Page 3</FONT>
</TD></TR></TABLE></P>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%"><B><FONT face=serif size=2>John Hancock Bank &amp; Thrift Opportunity Fund</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="51%"><B><FONT face=serif size=2>John Hancock Patriot Premium Dividend Fund II</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%"><B><FONT face=serif size=2>John Hancock Bond Trust</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="51%"><B><FONT face=serif size=2>John Hancock Preferred Income Fund</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%"><B><FONT face=serif size=2>John Hancock California Tax-Free Income Fund</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="51%"><B><FONT face=serif size=2>John Hancock Preferred Income Fund II</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%"><B><FONT face=serif size=2>John Hancock Capital Series</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="51%"><B><FONT face=serif size=2>John Hancock Preferred Income Fund III</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%"><B><FONT face=serif size=2>John Hancock Current Interest</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="51%"><B><FONT face=serif size=2>John Hancock Series Trust</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%"><B><FONT face=serif size=2>John Hancock Equity Trust</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="51%"><B><FONT face=serif size=2>John Hancock Sovereign Bond Fund</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%"><B><FONT face=serif size=2>John Hancock Funds III</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="51%"><B><FONT face=serif size=2>John Hancock Strategic Series</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%"><B><FONT face=serif size=2>John Hancock Income Securities Trust</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="51%"><B><FONT face=serif size=2>John Hancock Tax-Exempt Series Fund</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%"><B><FONT face=serif size=2>John Hancock Investment Trust</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="51%"><B><FONT face=serif size=2>John Hancock World Fund</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%"><B><FONT face=serif size=2>John Hancock Investment Trust II</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="51%"><B><FONT face=serif size=2>John Hancock Tax-Advantaged Dividend Income Fund</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%"><B><FONT face=serif size=2>John Hancock Investment Trust III</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="51%"><B><FONT face=serif size=2>John Hancock Tax-Advantaged Global Shareholder</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%"><B><FONT face=serif size=2>John Hancock Investors Trust</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="51%">&nbsp; &nbsp; &nbsp;<B><FONT face=serif size=2>Yield Fund</FONT></B> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="46%"><B><FONT face=serif size=2>John Hancock Municipal Securities Trust</FONT></B> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="51%">&nbsp; </TD></TR></TABLE><BR>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><I><FONT face=serif>(Collectively referred to as the &#147;Trusts&#148;)</FONT></I></B></TD></TR></TABLE></P>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><B><U><FONT face=serif>Ratification </FONT></U></B><B><FONT face=serif><U>of Fidelity Bond</U></FONT></B></TD></TR></TABLE></P>
<P align=left><FONT face=serif>On motion duly made and seconded, the following resolutions were ratified first by the Trustees of the Trust who are not &#147;interested persons&#148; (as defined in the Investment Company Act of 1940, as amended (the &#147;1940 Act&#148;)) of the Trust (the &#147;Independent Trustees&#148;), and then by all the Trustees:</FONT></P>
<P align=left><B><FONT face=serif>WHEREAS</FONT></B><FONT face=serif>, the officers of the Trusts have applied for fidelity bond coverage (the &#147;Joint Fidelity Bond&#148;) for the Trusts and for certain affiliated funds of the Trusts for the period from July 15, 2008 through July 15, 2009;</FONT></P>
<P align=left><B><FONT face=serif>WHEREAS</FONT></B><FONT face=serif>, the renewal premium for the Joint Fidelity Bond is $123,400; it is</FONT></P>
<P align=left><B><FONT face=serif>RESOLVED</FONT></B><FONT face=serif>, that the Secretary and each Assistant Secretary of the Trusts be, and hereby are, authorized to make the filings and give notices required by Rule 17g-1(g) under the 1940 Act; and</FONT></P>
<P align=left><B><FONT face=serif>FURTHER RESOLVED</FONT></B><FONT face=serif>, that the officers of the Trusts shall periodically review the assets under management and apply for increases in coverage in accordance with the levels of coverage detailed in paragraph (d) of Rule 17g-1 and report to the Trustees at each regularly scheduled meeting of the Trustees.</FONT></P>
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<A name="page_136"></A>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>It is hereby agreed among the undersigned parties, named insured under Fidelity Bond Insurance provided by Chubb Group of Insurance Companies renewed on July 15, 2008, ICI Mutual Insurance Company renewed on July 15, 2008 and Chubb Insurance Company of Canada renewed on March 31, 2008 that in the event recovery is received as a result of a loss sustained by any one of the undersigned registered management investment companies and one or more of the other named insured under the said bonds, the said registered management investment company 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 under the provisions of paragraph (f) (1) of Rule 17g-1 under Section 17(g) of the Investment Company Act of 1940.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>IN WITNESS WHEREOF, the parties hereto have caused this agreement to be executed by their duly authorized officer on March 31, 2009.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="39%" colSpan=3><FONT face=serif>John Hancock Investment Trust</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%" colSpan=3><FONT face=serif>John Hancock Investment Trust II</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="32%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="43%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="32%">
<P><FONT face=serif>Assistant Secretary</FONT> </P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="43%">
<P><FONT face=serif>Assistant Secretary</FONT> </P>
</TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="39%" colSpan=3>
<P><FONT face=serif></FONT>&nbsp;</P>
<P><FONT face=serif>John Hancock Investment Trust III</FONT> </P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%" colSpan=3><FONT face=serif>John Hancock Bank and Thrift Opportunity Fund</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="32%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="43%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Bar</U><U>r</U></FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="32%"><FONT face=serif>Assistant Secretary</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="43%"><FONT face=serif>Assistant Secretary</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="39%" colSpan=3>
<P><FONT face=serif></FONT>&nbsp;</P>
<P><FONT face=serif>John Hancock Bond Trust</FONT> </P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%" colSpan=3><FONT face=serif>John Hancock California Tax-Free Income Fund</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="32%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="43%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="32%"><FONT face=serif>Assistant Secretary</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="43%"><FONT face=serif>Assistant Secretary</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="39%" colSpan=3>
<P><FONT face=serif></FONT>&nbsp;</P>
<P><FONT face=serif>John Hancock Capital Series</FONT> </P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="57%" colSpan=3><FONT face=serif>John Hancock Tax-Advantaged Dividend Income Fund</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="32%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="43%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="32%"><FONT face=serif>Assistant Secretary</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="12%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="43%"><FONT face=serif>Assistant Secretary</FONT> </TD></TR></TABLE>
<P>&nbsp;</P>
<P><BR>
&nbsp;</P>
<P align=center><FONT face=serif size=2>1</FONT></P>
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<A name="page_137"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="44%" colSpan=3><FONT face=serif>John Hancock Current Interest</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="52%" colSpan=3><FONT face=serif>John Hancock Income Securities Trust</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="36%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="36%"><FONT face=serif>Assistant Secretary</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><FONT face=serif>Assistant Secretary</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="44%" colSpan=3>
<P><FONT face=serif></FONT>&nbsp;</P>
<P><FONT face=serif>John Hancock Trust</FONT> </P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="52%" colSpan=3><FONT face=serif>John Hancock Preferred Income Fund</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="36%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="36%"><FONT face=serif>Assistant Secretary</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><FONT face=serif>Assistant Secretary</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="44%" colSpan=3>
<P><FONT face=serif></FONT>&nbsp;</P>
<P><FONT face=serif>John Hancock Investors Trust</FONT> </P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="52%" colSpan=3><FONT face=serif>John Hancock Equity Trust</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="36%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="36%"><FONT face=serif>Assistant Secretary</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><FONT face=serif>Assistant Secretary</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="44%" colSpan=3>
<P><FONT face=serif></FONT>&nbsp;</P>
<P><FONT face=serif>John Hancock Preferred Income Fund III</FONT> </P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="52%" colSpan=3><FONT face=serif>John Hancock Patriot Premium Dividend Fund II</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="36%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="36%"><FONT face=serif>Assistant Secretary</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><FONT face=serif>Assistant Secretary</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="44%" colSpan=3>
<P><FONT face=serif></FONT>&nbsp;</P>
<P><FONT face=serif>John Hancock Preferred Income Fund II</FONT> </P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="52%" colSpan=3><FONT face=serif>John Hancock Series Trust</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="36%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="36%"><FONT face=serif>Assistant Secretary</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><FONT face=serif>Assistant Secretary</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="44%" colSpan=3>
<P><FONT face=serif></FONT>&nbsp;</P>
<P><FONT face=serif>John Hancock Sovereign Bond Fund</FONT> </P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="52%" colSpan=3><FONT face=serif>John Hancock Strategic Series</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="36%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="36%"><FONT face=serif>Assistant Secretary</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><FONT face=serif>Assistant Secretary</FONT> </TD></TR></TABLE>
<P>&nbsp;</P>
<P><BR>
&nbsp;</P>
<P align=center><FONT face=serif size=2>2</FONT></P>
<HR align=center width="100%" noShade SIZE=2>

<!--$$/page=-->
<A name="page_138"></A>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="44%" colSpan=3><FONT face=serif>John Hancock Tax-Exempt Series Fund</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="52%" colSpan=3><FONT face=serif>John Hancock Municipal Securities Trust</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="37%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="37%"><FONT face=serif>Assistant Secretary</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><FONT face=serif>Assistant Secretary</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="44%" colSpan=3>
<P><FONT face=serif></FONT>&nbsp;</P>
<P><FONT face=serif>John Hancock World Fund</FONT> </P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="52%" colSpan=3><FONT face=serif>Tax-Advantaged Global Shareholder Yield Fund</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="37%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="37%"><FONT face=serif>Assistant Secretary</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><FONT face=serif>Assistant Secretary</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="44%" colSpan=3>
<P><FONT face=serif></FONT>&nbsp;</P>
<P><FONT face=serif>John Hancock Funds, LLC</FONT> </P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="52%" colSpan=3><FONT face=serif>John Hancock Advisers, LLC</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="37%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>Alfred P. Ouellette</U></FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="37%"><FONT face=serif>Assistant Secretary</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><FONT face=serif>Assistant Secretary</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="44%" colSpan=3>
<P><FONT face=serif></FONT>&nbsp;</P>
<P><FONT face=serif>John Hancock Funds II</FONT> </P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="52%" colSpan=3><FONT face=serif>John Hancock Funds III</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="37%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>David D. Barr</U></FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="37%"><FONT face=serif>Assistant Secretary</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%"><FONT face=serif>Assistant Secretary</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="44%" colSpan=3>
<P><FONT face=serif></FONT>&nbsp;</P>
<P><FONT face=serif>John Hancock Signature Services, Inc.</FONT> </P>
</TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%"><FONT face=serif>By:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="37%"><U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>John Hatch</U></FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%">&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="37%"><FONT face=serif>President and CEO</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="10%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="40%">&nbsp; </TD></TR></TABLE>
<P>&nbsp;</P>
<P><BR>
&nbsp;</P>
<P align=center><FONT face=serif size=2>3</FONT></P>
<HR align=center width="100%" noShade SIZE=2>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
